(EnergyIndustry.Net, May 25, 2021 ) The deteriorating quality of air in many regions globally has resulted in an increase in chronic diseases such as asthma, respiratory allergies, and heart and airway diseases. In countries such as China and India, the air pollution index was more than the maximum advisable limit. In 2018, pollution indices of 85.8 and 75.8 were recorded in China and India respectively.
According to a study by AirVisual in 2019, out of the world’s 100 most polluted cities, 99 were in the Asia-Pacific region. Amongst the 100 most polluted cities in the world around 50 were in India, 22 in China and the remaining in Pakistan and Bangladesh, thus creating a high demand for air purifiers in the region. As of 2019, nearly 800,000 of total deaths in Europe were attributed to outdoor air pollution.
For example, in Germany, there were 154 early deaths per 100,000 people, with an average reduction of 2.4 years in life expectancy. The increasing air pollution coupled with rise in awareness about the adverse effects of air pollution increased the demand for air purifiers during the historic period.
The Business Research Company’s report titled Air Purifiers Global Market Report 2021 covers major companies, air purifiers market share by company, air purifiers market size, and air purifiers market forecasts. The report also covers the global air purifiers market and its segments.
The business research company’s global air purifiers market report is segmented -
1) By Technology - HEPA Filter, Activated Carbon, Others
2) By Type – Fume & Smoke Collectors, Dust Collectors, Others
The global air purifiers market is expected to grow from $2.05 billion in 2020 to $2.25 billion in 2021 at a compound annual growth rate (CAGR) of 9.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The air purifiers market is expected to reach $2.85 billion in 2025 at a CAGR of 6%, and to $4.82 billion by 2030.
North America is the largest region in the global air purifiers market, accounting for 33% of the global air purifiers market. It was followed by Asia Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the air purifiers market will be Middle East and Eastern Europe, where growth will be at CAGRs of 16.7% and 14.9% respectively from 2019-2023.
The countries covered in the global air purifiers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Major Players In The Air Purifiers Market
Major companies in the air purifiers market include LG Electronics Inc., Coway Co., Ltd., Daikin Industries, Ltd., Dyson Ltd., Whirlpool Corporation
Air Purifiers Market Global Report 2020-30 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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