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The global Air Purifier Market is projected to reach USD 18.15 billion by 2027, according to a recent report by Emergen Research. The usage of air cleaners is growing across countries, significantly wherever pollution levels are extraordinarily high. Factors like the rise in industrial activities, rise in urbanization, increase in pollution because of high emission from factories, and social unit activities act as the key market drivers. APAC, Europe, and North America happen to be the major regions with a high demand for air filters.
The current COVID-19 pandemic is expected to have an effect on the growth of the Air Purifier industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Air Purifier sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Air Purifier industry.
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Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Unilever PLC, LG Electronics, Inc., IQAir North America, Panasonic Corporation, Aerus LLC, Whirlpool Corporation, Hamilton Beach Brands, Inc., Daikin Industries, Ltd., Honeywell International, Inc. and Koninklijke Philips N.V.
Key Highlights From The Report
Once lockdown restrictions due to covid-19 are eased, international air apparatus corporations is likely to consume existing inventory to address the hampered production and international trade, inspite of providing chain disruptions. Recovery within the residential sector is anticipated to be slow because of discretionary shopper payment and low pollution levels.
Over the years and still now, air purifiers are thought of a luxury or manner artifact instead of a necessity by the plenty. a brief shift targeted towards business and institutional end-users, significantly hospitals, offices, and government buildings, is anticipated to assist recover the air apparatus business.
HEPA emerged because the largest technology section in 2019 with a market share of 45.1%, due to improved potency of the technology once it involves dust mites, pollens, trappings dirt and different indoor allergens
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North America is projected to expand at a CAGR of 10.2% over the forecast span, due to high buying power of shoppers, thereby increasing awareness concerning the prevalence of diverse diseases born due to unhealthy air.
For the purpose of this report, Emergen Research has segmented into the global Air Purifier Market on the basis of technology, applications and region:
Technology Outlook (Revenue, USD Billion; 2017-2027)
High Efficiency Particulate Matter (HEPA)
Applications Outlook (Revenue, USD Billion; 2017-2027)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report offers insightful information about the market dynamics of the Air Purifier market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Air Purifier market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Air Purifier market.
Radical Highlights of the Air Purifier Market Report:
Comprehensive overview of the Air Purifier market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Air Purifier market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors
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