Residential Air Purifiers market had been experiencing significant growth globally. However, please keep in mind that market trends and conditions may have changed since then, so I recommend checking more recent sources for the latest information.
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The residential air purifiers market is projected to reach USD 14.1 billion by 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1%. Residential air purifiers are the most effective devices to improve indoor air quality and to reduce or remove the sources of pollutants and to ventilate with clean air. These are designed to filter the air in a single room or area and reduce indoor air pollution. Over the years, residential air purifiers have gained importance among homes and residential buildings with the inclination towards quicker, safer, simpler, and high-end air purifiers, encouraging the growth of the residential air purifiers market.
The residential air purifiers market has been driven by several factors:
Increasing awareness of indoor air quality: With growing concerns about air pollution and its impact on health, consumers have become more conscious of the air they breathe inside their homes. Air purifiers have been seen as a solution to improve indoor air quality and reduce exposure to allergens, pollutants, and other airborne particles.
Health concerns: Rising incidences of respiratory diseases, allergies, and asthma have led to an increased demand for residential air purifiers. People with pre-existing health conditions or those seeking to prevent potential health issues have turned to air purifiers to create a cleaner and safer indoor environment.
Urbanization and industrialization: Rapid urbanization and industrial growth in many regions have contributed to worsening outdoor air quality. As a result, more people have sought ways to protect their indoor environments, leading to an increased demand for residential air purifiers.
Technological advancements: The market has been driven by continuous improvements in air purifier technology, resulting in more efficient and effective products. Advanced features such as HEPA filters, activated carbon filters, smart sensors, and IoT integration have enhanced the performance and convenience of residential air purifiers.
Government regulations: In some countries, government initiatives and regulations aimed at reducing air pollution and promoting healthier living have also influenced the demand for residential air purifiers.
Marketing and consumer education: Increased marketing efforts and consumer education campaigns by manufacturers and industry players have played a role in raising awareness about the benefits of air purifiers and their applications in residential settings.
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Geographical Growth Scenario:
Asia Pacific accounted for the largest share of the residential air purifiers market, followed by North America, Europe, Latin America, and the Middle East & Africa. The large share of this region can be attributed to the fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations, are increasing the adoption of residential air purifiers in the Asia Pacific.
Key Market Players:
The global residential air purifiers market is fragmented and highly competitive. Some of the major players governing the overall residential air purifiers market include Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), Winix Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Airpura Industries Inc. (Canada), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), SHIL Limited (India).
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