Market Research Future’s study analyzes high valuation expectancy in the global portable air purifier industry. It presents historical demand data (from 2018) and forecasts (2019 and 2025). In the current situation of novel coronavirus pandemic, the global portable air purifier market might soar in the future by gaining a growth rate of 7.35% in the same period frame. —
The industry players of the global portable air purifier market on the top are Panasonic Corporation (Japan), Honeywell International Inc. (US), Real Spirit USA, Inc. (US), Hamilton Beach Brands Holding Company (US), Whirlpool Corporation (US), Guardian Technologies (US), Levoit (US), Airfree (Portugal), Blueair (Sweden), and Austin Air Systems Limited (US).
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An air purifier device removes contaminants from the air and improves air quality. Air purifiers are also measured as beneficial for people with allergies and asthmatics, and at reducing or eliminating second-hand tobacco smoke. In the case of point, Classic 203 Slim by Blueair is a lightweight and portable air purifier device for residential purposes. It has a compact fan design and a large filter surface and delivers reliable performance by removing allergy and asthma triggers. The commercially graded air purifiers are manufactured as either small stand-alone units or larger units that can be affixed to an air handler unit (AHU) or an HVAC unit found in the medical, industrial, and commercial industries.
The global portable air purifier market is primarily set to be driven owing to the factors of growing awareness about the adverse effects of air pollution on health. The World Health Organization (WHO) estimates that more than four million deaths worldwide every year are caused due to ambient air pollution. Almost 90% of air-pollution-related deaths occur in low- and middle-income countries, with nearly 2 out of 3 occurring in WHO’s South-East Asia and Western Pacific regions. Whereas 94% of deaths occur are due to no communicable diseases such as stroke, cardiovascular diseases, chronic obstructive pulmonary disease, and lung cancer.
The intake of polluted air can have relentless health effects such as COPD, asthma, or increased cardiovascular risks. Therefore, to curb this, several countries have strengthened laws to control air quality. Air purifiers help in removing smoke particles, which pose a risk to health. Moreover, efficient air purifiers possess the capacity to capture some viruses, bacteria, and DNA damaging particles.
Going forward, the factor of the rise in disposable income and growing per capita income, particularly in the industrial countries, are more likely to enhance the global portable air purifier market growth. Also, rapid product innovation, technology, and the rising popularity of green eco-friendly air purifiers are anticipated to accelerate the demand, thus making the market more profitable in the coming years.
On the contrary, the factor of lack of standardization in developing countries and the availability of counterfeit products recorded to confine the market growth during the forecast period.
Segmentation of Market
The global portable air purifier market is segmented over type and application.
In terms of type, the global portable air purifier market has included active carbon, HEPA, ion and ozone generator, electrostatic precipitator, and others. The HEPA segment might occupy the maximum market share, which is highly preferred by end-users.
In terms of the application segment, the global portable air purifier market has included residential and commercial. The residential segment might occupy the maximum market share, owing to a rise in the number of households and concerns regarding dust and odors.
Regionally, the global portable air purifier market study has expanded its reach to the regions of North America, Europe, China, Southeast Asia, and the rest of the world. These are the most affected region out of COVID 19.
The market in the Asia Pacific grabs a significant share in the global space attributing to mount in the adoption of air purifiers owing to high levels of humidity in the air. Pollution is an essential concern and deciding factor for air purifiers. In this case, some important initiatives undertaken by the Government of India and private players have created a high-level awareness about societal hygiene and clean air. This will result in tapping potential markets within India and creating a vast market opportunity for entrants in the coming years.
North America grabs the second position in the international market owing to a rise in awareness, expansion in the hospitality and service industry followed by mount in disposable income. Government initiatives are playing a pivotal role in determining regional market growth.
Key Questions Addressed by the Report
• What was the historic market size (2017)?
• Which segmentation (Type/Application) is driving the market?
• What will be the growth rate by 2025?
• How are the key players in this market?
• What are the strategies adopted by key players?
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Browse Complete Report "Global Portable Air Purifier Market Research Report, Information: by Type (HEPA, Active Carbon, Electrostatic Precipitator, Ion and Ozone Generator and others), Application (Residential and Commercial) and Region - Forecast till 2025" @ https://www.marketresearchfuture.com/reports/portable-air-purifier-market-7770
Name: Abhishek Sawant
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Organization: Market Research Future (MRFR)
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