APAC to Lead Air Purifier Market through 2023
Growing pollution levels, rising
per capita income, development of new air purification technologies and
increasing health concerns among people to drive global air purifier market
through 2023
According to TechSci Research report, “Global
Air Purifier Market By Filter Type, By End User, By Region, Competition
Forecast & Opportunities, 2013 – 2023”, global air purifier market is projected to reach around $
15 billion by 2023, on account of growing health concerns among people, which
in turn is resulting in increasing spending on lifestyle products including air
purifiers. Air purifier is a device that cleans the polluted air by effectively
removing bacteria, viruses and particulate matter present in the air. Air
purifiers are different from air cleaners in their application, size, cost and
area of purification. With increasing awareness about benefits of air purifiers
and rising incidences of respiratory diseases such as lung infections and other
allergies amid depleting air quality due to growing pollution levels, demand
for air purifiers is expected to grow at a robust pace over the coming years,
globally.
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Air Purifier Market"
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Asia-Pacific is anticipated to be the
major demand generating region for air purifiers across the globe during the
forecast period, owing to strong demand from countries such as China, India,
South Korea and Japan, coupled with increasing levels of air pollution in the
region. Rapid industrialization and urbanization are worsening air pollution
levels in Asia-Pacific. These Asian countries are thus anticipated to emerge as
the most lucrative markets for air purifiers across the globe. Increasing CO2
emissions, due to rising number of industries as well as growing vehicle sales
across the world, is leading to rise in the number of airborne diseases,
consequently aiding demand for air purifiers across the globe.
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“Increasing
demand for cleaner air coupled with stringent government regulations against
emissions of certain harmful gases are driving demand for air purifiers across
the globe. Moreover, growing technological advancements, high purchasing power,
rising demand for low-cost air purifiers as well as shifting consumer interest
towards premiumization, and increasing focus on health and wellbeing are expected
to boost demand for air purifiers across the globe in the ensuing years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global
Air Purifier Market By Filter Type, By End User, By Region, Competition
Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of global air
purifier 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 to take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in the global air
purifier market.
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