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NEW YORK , April 28, 2022 /PRNewswire/ -- The global air purifier market is set to reach $31,195.6 million by 2030 from $11,422.7 million in 2021, growing at a CAGR of 11.8% during 2021−2030, according to P&S Intelligence. The market's growth is attributable to the rising air pollution levels throughout the world, decreasing indoor air quality, increasing incidence of airborne illnesses, as well as individuals' rising living standards and spending power.
As per the WHO, nearly all of the world's population breathes air that surpasses the minimum quality standards. Indoor air quality is among the leading causes of respiratory sickness, cancer, and even blindness, as well as premature mortality, particularly in underdeveloped nations.
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Key Findings of Air Purifier Market Reprot
Residential air purifiers held roughly 20% share in the market in 2021, and they are expected to grow at the highest rate over the forecast period. The rising popularity of smart homes and increasing awareness among individuals about their health, as a result of the worries about breathing contaminated air, are both contributing to the rise in the demand for these appliances in this sector.
Browse detailed report on Global Air Purifier Market Opportunities, Emerging Trends, Competitive Strategies and Forecasts 2022–2030
To stay competitive, air purifier market players have launched goods with innovative features and technologies, as well as upgrading their product portfolios and expanding their activities, in recent years. Major manufacturers of these systems include Panasonic Corporation, Samsung Electronics Co. Ltd., Koninklijke Philips N.V., Dyson Ltd., Honeywell International Inc., Daikin Industries Ltd., Whirlpool Corporation, IQAir, Sharp Corporation, and LG Electronics.
Air Purifier Market Segmentation Analysis
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Prajneesh Kumar P&S Intelligence Phone: +1-347-960-6455 Email: [email protected] Web: https://www.psmarketresearch.com Follow Us: LinkedIn Twitter
SOURCE P&S Intelligence
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