IQAir, Phillips & Honeywell Lead Global Air Purifiers Market Share
Increasing incidence of
lifestyle diseases, rising awareness about harmful effects of air pollutants on
health & wellbeing and implementation of favorable government regulations
to drive global air purifiers market through 2022
According
to TechSci Research report, “Global Air Purifiers Market By Filter Type By End User,
By Region, Competition Forecast & Opportunities, 2012-2022”,
global air purifiers market is projected to grow at a CAGR of over 14%, during
2017-2022. Rising number of vehicles, which are responsible for emission of
harmful particulate matter, increasing health
concerns and growing GDP per capita are among the major factors boosting demand
for air purifiers across the globe. Until few years back, air purifiers were
perceived as a luxury lifestyle product, especially in developing economies.
However, of late, rising incidence of fatal diseases such as asthma, lung cancer, and other respiratory
and cardiovascular diseases have augmented adoption of air purifiers across the
globe.
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Air Purifiers Market"
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In 2016, North America
dominated global air purifiers market, on account of high disposable income
levels of consumers and rising awareness about the health benefits of using advanced
technology based air purifiers. In the coming years, Asia-Pacific is
anticipated to emerge as one of the major markets for air purifiers, due to
rising focus on preventive healthcare and increasing healthcare expenditure.
Rising demand for air purifiers from countries such as China and India, due to
increasing vehicular emissions and degrading indoor air quality, is also
anticipated to fuel growth in APAC air purifiers market. HEPA & activated
carbon technology based air purifiers dominated global air purifiers market due
to their high efficiency, and ability to effectively eliminate particulate
matter and odors from air.
Global air purifiers market is led by IQAir followed by Phillips and
Honeywell but considering the aggressive marketing and expanding distribution
network to make Phillips market leader by 2022 overtaking IQAir.
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“Rising
construction activities, robust pace of industrialization, implementation of stringent
regulations by governments across various countries and rising standard of
living are anticipated to stimulate growth in air purifiers market across developed
as well as developing geographies. Additionally, rapid urbanization, easier accessibility
to lifestyle products, changing consumer preferences, strengthening supply
chain network and rising health concerns across the globe are expected to augur
well for the global air purifiers market. Technological advancements in air purifier technologies such as
better efficiency and ability to trap allergens such as dust, pollen, pet
dander, mold spores, etc., is also anticipated to increase adoption of air
purifiers across the globe in the coming years.”, 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 User, By Region, Competition
Forecast & Opportunities, 2012-2022”
has evaluated the future growth
potential of global air purifiers market and provides statistics and
information on market structure, size, share and future growth. The report is
intended to provide cutting-edge market intelligence and help decision makers
take sound investment evaluation. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
present in global air purifiers market.
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