Dublin, March 21, 2022 (GLOBE NEWSWIRE) -- The "Residential Air Purification Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Residential Air Purification Equipment Market to Reach US$13 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Residential Air Purification Equipment estimated at US$8.6 Billion in the year 2020, is projected to reach a revised size of US$13 Billion by 2027, growing at a CAGR of 6% over the period 2020-2027. Stand-Alone, one of the segments analyzed in the report, is projected to grow at a 6.2% CAGR to reach US$10.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the In-Duct segment is readjusted to a revised 5.2% CAGR for the next 7-year period. This segment currently accounts for a 22.4% share of the global Residential Air Purification Equipment market.
The U.S. Accounts for Over 28.3% of Global Market Size in 2020, While China is Forecast to Grow at a 8.1% CAGR for the Period of 2020-2027
The Residential Air Purification Equipment market in the U.S. is estimated at US$2.4 Billion in the year 2020. The country currently accounts for a 28.26% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.7 Billion in the year 2027 trailing a CAGR of 8.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR while Rest of European market (as defined in the study) will reach US$2.7 Billion by the year 2027.
Select Competitors (Total 125 Featured)
- 3M Company
- Abatement Technologies, Inc.
- Airgle Corporation
- Alen Corporation
- AllerAir Industries Inc
- Amway Corporation
- Blueair AB
- Camfil AB
- Camfil Farr, Inc.
- Carrier Corporation
- Continental Fan Manufacturing Inc.
- Coway Co., Ltd.
- Daikin Industries, Ltd.
- Dyson Ltd
- Guardian Technologies LLC
- Hamilton Beach Brands, Inc.
- Honeywell International Inc.
- Hunter Pure Air
- IQAir
- KENT RO Systems Ltd
- Koninklijke Philips N.V.
- Lennox International, Inc.
- LG Electronics Inc.
- MANN+HUMMEL GmbH
- Newell Brands Inc.
- Sunbeam Products, Inc.
- Panasonic Corporation
- Panasonic Ecology Systems Co., Ltd.
- SANYO Electric Co., Ltd.
- Research Products Corporation
- Samsung Electronics Co., Ltd.
- Sharp Corporation
- Steril-Aire, Inc.
- Trion, Inc.
- Whirlpool Corporation
- White-Rodgers Company
- Xiaomi, Inc.
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 Pandemic and Looming Global Recession
- COVID-19 Crisis Presents Opportunity for Residential Air Purification Systems
- COVID-19 Pandemic Elevates Role of Smart Air Purifiers
- Air Purifier with Impressive Efficacy of over 99.9% against COVID-19 Virus
- HEPA Air Purifiers Suitable for Protection Against COVID-19
- Pandemic Weakens Global Economic Environment, Triggering Negative Tide in GDP
- World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- History and Evolution of Air Purifiers
- An Insight into Types of Air Purification Technologies
- Technologies and their Efficiencies in Removing Air Borne Contaminants
- Types of Air Filtration Technologies and their Advantages and Limitations
- Types of Air Purifiers
- Stand-Alone Purification Equipment
- Induct Air Purification Equipment
- Causes of Indoor Air Pollution
- Global Market Prospects & Outlook
- Standalone Air Purification Equipment Market Leads Global Market
- HEPA Filters to Fuel Revenue Growth
- Developed Regions Lead, Developing Economies to Spearhead Future Growth
- Competition
- An Intensely Competitive Marketplace
- Key Factors Influencing Purchases of Air Purifiers
- Major Factors Responsible for Variation in Air Purifier Prices
- World Brands
- Recent Market Activity
- Residential Air Purification Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- With Climate Change and Wildfires Impacting Indoor Air Quality, Adoption of Air Purifiers Poised to Grow
- Trend towards Home Automation and Smart Homes Boosts Demand for Smart Air Purifiers
- Few Players Operate in Smart Air Purifiers Market
- Alarming Rise in Incidence of Asthma and Allergies Spurs Demand for Air Purifiers
- Rising Prevalence of Asthma in Children Bodes Well for Air Purifiers Market
- Aging Population Vulnerable to Air-borne Allergies and Health Risks to Fuel Air Purifier Market
- Usage of Residential Air Purifiers Tends to Soar During Summer Season
- Technology Advancements to Boost Market Prospects
- A Review of Potential Air Purifier System Innovations
- Select Innovations in Air Purification Systems Market
- Influx of New Products Boosts Smart Air Purifiers Market
- Ventilation as Double-Edged Blade Popularizes 'AC + Air Filter' Formula for Indoor Air amid COVID-19
- Combination Technologies Offer Scope for Product Differentiation
- Eliminating Odors and Smoke Remain Key to Product Success
- Regulatory Standards Spruce Up Sales of Air Purification Equipment
- Construction Activity Worldwide Signals Opportunities for Residential Air Purifiers Market
- E-Commerce Makes Rapid Inroads, Expands Growth Opportunities for Air Purifiers Market
- Demographic and Economic Trends Influence Market Prospects
- Ballooning Global Population
- Expanding Urban Population
- Middle Class Population
- Key Factors Restraining Market Growth
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 125
For more information about this report visit https://www.researchandmarkets.com/r/pfbemu
Attachment
