A recent report published by Infinium Global Research on residential air purifiers market provides an in-depth analysis of segments and sub-segments in global as well as regional residential air purifiers market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional residential air purifiers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global residential air purifiers market. According to the report the global residential air purifiers market is projected to grow at a CAGR of 6.8% over the forecast period of 2018-2024.
An air purifier or air cleaner is a device which removes contaminants from the air in a room or house. It is beneficial to allergy sufferers and asthmatics, and at reducing or eliminating second-hand tobacco smoke.
Global Residential Air Purifier Market is showing a positive trend of development around the globe. There are many factors which are showing a positive outlook of the market for medium and long term. Global Residential Air Purifier Market is basically driven by it amazing quality of separating pollutant from the air, which is beneficial for human health, a person suffering from breathing problems such as asthma, or allergies, these are also used to get rid of second-hand smoke i.e passive smoking. As the awareness and disposable income among people are increasing they are preferring for better health and it starts from clean air, which is obtained through the air purifier.
On the basis of region, the Global Residential Air Purifier Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America dominates the global Residential Air Purifier Market. Asia-Pacific region is expected to grow at the highest CAGR during the forecast period of 2018-2024 due to the growing number of health-conscious young people, societal impact among consumers, increasing disposable income among people in these regions, etc.
The report on global residential air purifiers market covers segments such as type, sales channel, technology, and end use. On the basis of type the global residential air purifiers market is categorized into stand-alone residential air purifiers and in-duct residential air purifiers. On the basis of sales channel the global residential air purifiers market is categorized into direct retail sales and online sales. On the basis of technology the global residential air purifiers market is categorized into HEPA, electrostatic precipitators and ionizers & ozone generators. On the basis of end use the global residential air purifiers market is categorized into domestic and commercial.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China.
The report provides profiles of the companies in the global residential air purifiers market such as Daikin Industries, Ltd., Beijing YADU Environmental Protection Technology., Sharp Corporation, Honeywell International, Inc., LG Electronics Inc., Camfil AB, Whirlpool Corporation, AllerAir Industries, Inc., Blueair AB, and Panasonic Corporation.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global residential air purifiers market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of residential air purifiers market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the residential air purifiers market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the residential air purifiers market to understand the present and future trends in this market and formulate their strategies accordingly.