The global residential air purifiers market is expected to reach USD 7.3 billion by 2030, growing at a CAGR of 6.7% during the forecast period. Residential air purifiers are devices that remove pollutants from indoor air. They are becoming increasingly popular as people become more aware of the health risks associated with air pollution.
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Market Drivers
The residential air purifiers market is driven by a number of factors, including:
- Rising air pollution levels: Air pollution is a major problem in many parts of the world, and it is having a negative impact on human health. Residential air purifiers can help to improve indoor air quality by removing pollutants from the air.
- Increasing awareness of the health benefits of clean air: People are becoming increasingly aware of the health benefits of breathing clean air. Residential air purifiers can help to reduce the risk of developing respiratory problems, such as asthma and allergies.
- Technological advancements: Residential air purifiers are becoming more technologically advanced and efficient. This is making them more affordable and attractive to consumers.
Market Competitors/Landscape
The residential air purifiers market is highly competitive, with a number of major players operating in the space. Some of the key players in the market include:
- Dyson
- Coway
- LG Electronics
- Sharp
- Philips
- Honeywell International Inc.
- Daikin Industries Ltd.
- Whirlpool Corporation
- 3M
- Electrolux
- Panasonic Corporation
These companies offer a wide range of residential air purifiers to meet the needs of different consumers.
Market Segmentation
The residential air purifiers market can be segmented by technology, type, and distribution channel.
By technology, the market is segmented into:
- High-efficiency particulate air (HEPA)
- Activated carbon
- Ultraviolet (UV)
- Ionic
- Electrostatic precipitators
By type, the market is segmented into:
- Portable
- Built-in
By distribution channel, the market is segmented into:
- Online
- Offline
The online segment is expected to grow at a faster rate during the forecast period. This is due to the convenience and affordability of online shopping.
Market Regional Analysis
The Asia Pacific region is expected to be the fastest-growing market for residential air purifiers during the forecast period. This is due to the rising air pollution levels and increasing awareness of the health benefits of clean air in the region.
Market Conclusion
The residential air purifiers market is a growing and dynamic market with a bright future. The market is being driven by rising air pollution levels, increasing awareness of the health benefits of clean air, and technological advancements. The market is also likely to benefit from the increasing adoption of smart air purifiers.
The global residential air purifiers market is expected to continue to grow in the coming years, driven by the factors mentioned above. The rising air pollution levels, increasing awareness of the health benefits of clean air, and technological advancements are all contributing to the growth of the market.
The market is also likely to benefit from the increasing adoption of smart air purifiers. Smart air purifiers can be controlled and monitored remotely using a smartphone app. This makes them more convenient and user-friendly.
Overall, the residential air purifiers market is a growing and dynamic market with a bright future.
