The global residential air purifier market was valued at US$ 3.8 Bn in 2021 and is expected to expand at a CAGR of 6.3% between 2022 and 2032. The market is expected to reach US$ 7.44 Bn worldwide by the end of 2032.
The residential air purifier market has witnessed remarkable growth in recent years, driven by increasing awareness of indoor air quality, health concerns, and a rising demand for clean and breathable air in homes. Residential air purifiers have evolved into high-tech devices equipped with advanced filtration technologies designed to eliminate various airborne pollutants, allergens, and contaminants.
For more insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7103
Growth Drivers of the Residential Air Purifier Market:
Several factors are driving the growth of the residential air purifier market:
- Health Awareness: Increasing awareness of the health risks associated with indoor air pollution, including allergies, respiratory problems, and airborne diseases, has led to a greater demand for air purifiers.
- Urbanization: Rapid urbanization has resulted in more tightly sealed buildings and homes, trapping pollutants indoors and increasing the need for air purification.
- Environmental Concerns: Growing environmental consciousness has led to the development of eco-friendly air purifiers that reduce energy consumption and utilize sustainable materials.
- Pandemic Response: The COVID-19 pandemic has heightened awareness of indoor air quality and the importance of air purifiers in mitigating the spread of airborne viruses.
- Allergies and Asthma: Rising rates of allergies and asthma have driven individuals and families to seek relief through cleaner indoor air.
Competitive landscape:
Residential air purifiers are dominated by a few key players that account for a large share of the market’s revenue. Several international, regional, and domestic manufacturers compete in this market. In order to strengthen their position in this market and increase revenue, companies are implementing various strategies and initiatives such as mergers and acquisitions, new product launch, product development, distribution agreements and technological investments.
- A new air purifier, WhisperAir Repair Spot, will be released in February 2022 by Panasonic. The device is simple to install and does not require any maintenance. Air is kept clean and fresh indoors by WhisperAir Repair, which is lightweight and easy to use. The market is expected to benefit from new developments.
- An American company that deals with consumer robots, iRobot Corporation, acquired Aeris Cleantec AG, a Swiss company that provides premium air purifiers headquartered in Cham, Zug in November, 2021.
- Through collaborations and agreements, companies are expanding their businesses. Radic8, a United Kingdom-based air purifier manufacturer, entered into an agreement with Henry Schein, an American distributor of health care products, to distribute air purifier systems in North America and Europe.
Emerging Trends in the Residential Air Purifier Market:
The residential air purifier market is evolving with emerging trends that shape the future of indoor air purification:
- Smart Air Purifiers: Increasing integration of smart features, including Wi-Fi connectivity and smartphone apps, allows users to monitor and control air purifiers remotely.
- Portable and Compact Designs: Compact and portable air purifiers are gaining popularity, offering flexibility and ease of use in different rooms.
- Multi-Functional Purifiers: Air purifiers that combine multiple functions, such as humidification, are becoming more common, providing comprehensive indoor air quality solutions.
- Air Quality Sensors: Built-in air quality sensors enable purifiers to adjust their operation based on real-time air quality data.
- Energy Efficiency: Eco-friendly and energy-efficient air purifiers are designed to reduce power consumption and environmental impact.
- Customizable Filters: Some purifiers allow users to select and customize filters to address specific indoor air quality concerns.
- Voice Control: Integration with voice assistants such as Amazon Alexa and Google Assistant allows for hands-free control of air purifiers.
Key Segments Covered in the Residential Air Purifier Industry Survey:
· By Type
- In-Duct
- Standalone/Portable
· By Application
- based on Ionic Filters
- based on Activated Carbon
- based on HEPA
- based on Other Applications
For in-depth competitive analysis, Buy Now:
https://www.factmr.com/checkout/7103
Questionnaire answered in the Market outlook Report of Residential Air Purifier include:
- What is the key strategy deployed by large players to maximize Residential Air Purifier Market growth?
- What are the main challenges faced by players in the Residential Air Purifier market Demand?
- With the advent of technological advancement, how will the Residential Air Purifier market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Residential Air Purifier market size?
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com