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Global Air Purifier Market InsightJanuary 4, 2022 Comments
The air purifier is forecast to rapid growth over the next four years. According to the World Knowledge Information (WKI) “Global Air Purifier Professional Survey Report 2021, Forecast to 2026”, due to the increasing environmental pollution, consumers’ awareness of air purification has gradually increased, the high incidence of allergies, the increase in disposable income and the impact of COVID-19 have greatly increased consumers’ demand for air purifiers. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 8.24% base on WKI regression analysis model.
“As consumers’ awareness of the hazards of formaldehyde and second-hand smoke continues to increase, there is a high demand for air purifiers. However, due to their high installation and maintenance costs, many families are discouraged. Market participants can consider reducing advertising costs. So as to maximize the benefits to consumers.” said Anna, Senior analyst, Home Appliance Market Research Center in WKI.” When producing air purifiers, market participants not only have to consider performance issues, safety and electromagnetic compatibility are equally important. “
Due to the increasing population and the increasing use of cars, polluted air has increased the prevalence of asthma and cardiovascular diseases. The World Health Organization (WHO) estimates that more than 4 million people die from ambient air each year. Pollution and huge death data urge people to turn their attention to air purifiers. COVID-19 also gives the air purifier market an opportunity to rise. The COVID-19 virus itself is 0.125 micrometers, but it is mainly spread by droplets. Its size in droplets is about 1 micron, while HEPA filtration the smallest particle size that can be captured by the air purifier is 0.3 microns, so virus droplets can be easily captured. This allows consumers who are stressed by COVID-19 to have effective measures to reduce viruses, and therefore the demand for air purifiers is gradually increasing. Increase.
The air purifier market is highly concentrated, with a few large manufacturers dominating the market. Some leading companies will be included in our report: LG Electronics, Coway, Dyson, Whirlpool Corporation, Midea, Panasonic, Philips and others.
Segmentation of Air Purifier Market:
HEPA technology dominates the global market, accounting for about 40% of global revenue in 2019. This situation is expected to continue throughout the forecast period. One of the main reasons for the dominance of HEPA filters is that HEPA filters can effectively remove about 99% of the Particulate contaminants with a size greater than or equal to 0.3 microns. It is the most efficient air filter available. However, the filter needs to be replaced every 3-4 months, which requires high installation and maintenance costs. Therefore, ion filter technology with lower operating and installation costs will have a higher growth rate during the forecast period. In terms of applications, the residential market is the largest part of the air purifier market, accounting for more than two-thirds of the total market in 2019.
Air Purifier Market: Regional Analysis
In terms of geography, the global hand sanitizer market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The Asia-Pacific region dominates the market, accounting for about 40% of global revenue in 2019. Due to developing countries such as India and China, the industrial revolution is at its peak. In addition, China is the world’s largest coal consumer, and increasingly serious air pollution Consumers in this region have a higher demand for air purifiers. It is expected that the Asia-Pacific region will continue to dominate the market during the forecast period, with a compound annual growth rate of approximately 12%. Due to the increase in disposable income, large-scale industrialization, increased awareness of environmental protection laws and pollution control, North America has the second largest market share of air purifiers in the world. The United States dominated the North American air purifier market in 2019 due to the increase in airborne diseases and is expected to maintain its leading position during the forecast period.
Largest share area：Asia-Pacific region
Largest share country：China