Posted On: 2020-04-16
Factors such as pollution caused by escalating industrial and petrol/diesel vehicle emissions, increasing air-borne diseases along with rising consumer awareness would drive the demand for air purifiers globally during the forecast period -6WResearch.
Global air purifier market demand would continue to accelerate due to increasing pollution caused by factors such as increasing construction activities in urban areas, industrial carbon emission, fossil fuel burning, and vehicle emission. The aforementioned factors would deteriorate the air quality and densify the air by increasing the particulate matter concentration. Further, owing to the increasing incidences of air-borne diseases and other health hazards, people would become more inclined towards using air purifiers during the forecast period. However, in 2020, the sales of air purifiers are expected to drop in the first half in various countries, the effect of which would vary from country to country, owing to the coronavirus pandemic. This case could be attributed to a disruption in supply chain and people's reluctance to buy luxury products such as air purifiers as they are expected to lean more towards buying first-priority products such as food and groceries amid a lockdown.
According to 6WResearch, the Global Air Purifier Market size is projected to grow at a CAGR of 10.7% during 2020-2026. The growth trajectory varies from country to country as there are a few regions where the market is not as developed as it is in their neighboring regions. The market is in its initial growth stage in countries such as India, Brazil, Argentina, and other developing nations. Further, in countries such as Brazil and Argentina, the market is yet to get a kickstart. While on the other hand, the air purifier is quite developed in countries such as China, Japan and United States. Nevertheless, the demand for air purifiers is going to surge on account of a growing number of construction projects across the globe, especially in the urban areas, increasing disposable income of the consumers for healthcare purposes and increasing awareness about the ill-effects of airborne pollution among the population.
According to Kanika Arora, Senior Research Analyst, 6WResearch, “Type-II technology is expected to have the highest growth rate in the global air purifier market during the forecast period on account of better affordability and it being an entry-level product.”
“People traveling in vehicles are susceptible to polluted air, smoke, toxic fumes, bad odor, food smell, and pollens, which either get absorbed to the upholstery or float in the air, making passengers prone to diseases. Thus, increasing inclination towards a healthier lifestyle and toxin-free cabin air along with surging air pollution level worldwide would accelerate the demand for air purifiers in the automotive sector as well.”, Kanika Arora further added.
According to Navneet Aggarwal, Research Analyst, 6WResearch, “Residential sector acquired the majority of the revenue share in the applications segment in 2019 as the demographic buying the air purifiers mostly purchase the product for the household. Additionally, demand growth for air purifiers in the residential sector is also expected to increase during the forecast period.”
Global Air Purifier Market (2020-2026)" report provides an in-depth analysis with 219 figures and 146 tables covered in more than 390 pages. The report estimates and forecasts the overall Global air purifier market by types, technology, applications, CADR values, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.