Air Purifiers Market Set to Cross $ 29 Billion by 2021
Growing
vehicular and industrial pollution, coupled with surging incidences of air
borne diseases and introduction of advanced air purification technologies to
boost sales of air purifiers globally
According
to a recently released TechSci Research report, “Global Air Purifiers Market By Filter Type, By End Use
Sector, By Region, Competition Forecast and Opportunities, 2011 – 2021”,
the global air purifiers market is projected to cross $ 29 billion by 2021, on
account of continuously rising level of pollution and growing health
consciousness among consumers, globally. With expanding vehicle fleet, the air
pollution levels across the globe have been increasing at a robust pace, which
is exposing people to high risk of contracting respiratory and other
According to the
International Monetary Fund (IMF), global growth was estimated at 3.1% in 2015,
and it is projected to be 3.4% in 2016 and 3.6% in 2017. In advanced economies,
a modest recovery is expected to continue; while emerging and developing
economies are forecast to register higher growth over the next five years, as
indicated by the IMF. Hence, with improving economic scenario, the disposable income is anticipated
to increase, globally, and people will be more inclined towards purchasing
products like air purifiers in the coming years.
US dominated the global air
purifiers market in 2015, and is anticipated to maintain its dominance over the
next five years as well. However, the air purifiers market in Asia-Pacific
region is expected to register fastest growth during the forecast period. According
to the Organisation Internationale des Constructeurs d'Automobiles (OICA), around
43.85 million vehicles were present in Asia-Pacific region in 2015, clearly
indicating the high pollution levels in the region. Moreover, developing
countries such as China and India are expected to hugely contribute to the
growth of air purifiers market in this region through 2021.
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“Around 40% of the world’s population has internet
connectivity, and the number of internet users has increased tenfold between
1999 and 2013. Demand
for price-competitive and innovative products is emerging, and to grab this
opportunity many new entrants as well as existing players have adopted
aggressive marketing through online sales platforms so as to improve
availability as well as accessibility of their products. Moreover, technological advancements in the air purifiers category has
considerably increased online sales across several developed and developing
nations of the world.”, said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global
Air Purifiers Market By Filter Type, By End Use Sector, By Region, Competition
Forecast and Opportunities, 2011 – 2021” has evaluated the future growth potential
of air purifiers market at global level and provides statistics and information
on market structure, market size, share and forecast for air purifiers market.
The report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment evaluations. Besides, the report also
identifies and analyses emerging trends along with essential drivers,
challenges and opportunities available in global air purifiers market.
About TechSci Research
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rather than follow market trends.
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