Key Factors Impacting the growth of Residential Air Purifier Market

Air purifiers help in removing contagion from the air in a room. Increasing demand for energy saving air purifiers by consumers is one of the key factors likely to drive the residential air purifiers market over the forecast period. Global manufacturers are improving energy saving air purifiers which consumes lower power than conventional air purifiers as they help to reduce carbon footprint and save energy costs. The global market for residential air purifiers is undergoing several improvements in technology which is likely to propel the demand for residential air purifiers over the forecast period. There is a growing demand for residential air purifiers equipped with HPEA filtration technology that helps to remove smoke and pollutants from the home. The common forms of residential air purifiers with HEPA air filtration technology are Sharp Plasmacluster Ion Air Purifier with True HEPA Filtration, Honeywell True HEPA Tower Allergen Remover, Blueair HEPASilent Air Purifier, and Blueair Classic 505 HEPASilent Air Purifier. Global vendors are introducing advanced materials for residential air purifiers in order to increase their efficiency.

The residential air purifier market has been segmented by technology and product category. On the basis of technology, the market has been segregated by HEPA, ionizers and ozone generators, and electrostatic precipitators. HEPA technology dominated the residential air purifiers market in 2015 and it is expected to remain so over the forecast period. The usage of HEPA filters in residential air purifiers helps to trap the air pollutants and helps in allergen relief. HEPA based air purifiers are designed in such a way that it can target small pollutants and particles. This kind of filter is widely available in departmental stores and specialty stores owing to the portable and small unit. On the basis of product category, the residential air purifiers market has been segregated by fume and smoke collectors and dust collectors. Dust collector segment was the most dominant segment on the basis of product category. Owing to the amount of indoor pollution, there has been an increase in the adoption of residential air purifiers in countries such as Brazil, China, and India, which has enhanced the demand for residential air purifiers globally. The increasing occurrence of airborne dust-related ailments, such as cancer, asthma and irritation, and allergic alveoli are also contributing to the sales of dust collector residential air purifiers.

Want to gain competitive advantage from our actionable, insightful business intelligence? Request a sample https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18278

Geographically, the residential air purifier market is segmented by Europe, North America, Asia-Pacific, Latin America, and Middle East & Africa. North America accounted for majority of the market share for residential air purifiers in 2015 and it is expected to remain so over the forecast period. Increase in consumption of residential air purifiers well equipped with HPEA technology based system is helping to eliminate smoke and remove dust from the air inside homes. Asia Pacific is slated to be one of the fast growing regions over the estimated time period.  China and India dominate the residential air purifier market due to adoption of residential air purifiers and the increasing urban population share in the Asia Pacific region. Europe accounts for a steady demand for residential air purifiers due to the increasing awareness about health benefits from using residential air purifiers. Latin America is an emerging market for residential air purifiers owing to the increase in adoption of residential air purifier products in this region.

The major players in the residential air purifier market are Daikin Industries, 3M, Phillips, Honeywell, and Sharp. Some of the key vendors in the residential air purifiers markets are Alen, Airgle, Guardian Technologies, Austin Air, Blueair, EcoQuest International, Hamilton Beach Brands, Homeimage, Fellowes, omeimage, Hoover, IQAir, Sunbeam Products, Whirlpool, Winix, Oreck, and Rabbit Air among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Looking for exclusive market insights from business experts? Buy Now Report here https://www.transparencymarketresearch.com/checkout.php?rep_id=18278&ltype=S

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.