Global Air Purifier Market is Estimated to Reach $22 Billion by 2025
Global Air Purifier Market report published by Accurize Market Research forecast that the global market is expected to reach $22 billion by 2025; growing at a CAGR of 3.8% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
Increasing air pollution along with rising health concern, and exposure to respiratory diseases to drive the growth of the market
Increasing industrial and air pollution along with increasing health concern and exposure to respiratory diseases fuels the demand for the global air purifier market. Furthermore, the rise in disposable income, as well as increased awareness regarding the benefits of air purifiers, also boosts the growth of the market.
The global air purifier market has been bifurcated on the basis of product, technology, application, and geography. The product is categorized into dust collectors, fume & smoke collectors, vehicle exhaust, mist eliminators, and fire/emergency exhausts. By technology, the segment is classified into HEPA, electrostatic precipitators, activated carbon ionic filters, UV light air purifier, and others. The application segment is divided into residential, automotive, construction, healthcare & medical, energy & utility and manufacturing.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated in the U.S., Canada, and Mexico whereas Europe consists of the UK, Russia, Germany, France, Italy, and the Rest of Europe. Asia-Pacific is segmented into China, Japan, India, South Korea, and the Rest of Asia-Pacific while RoW is bifurcated into South America, the Middle East, and Africa.
Top players in the market
The key market players include Daikin Industries, Ltd., Honeywell International Inc., 3M Company, Philips Electronics, SPX Corporation, Camfil Group, Clarcor Inc., Sharp Corporation, Fumex Inc., and Eureka Forbes, among others.