Global Air Purifiers Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global air purifiers market will account to an estimated USD 20.37 billion in 2018 growing at a CAGR of 7.88% during the forecast period of 2019 to 2026.

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Global Air Purifiers Market

Air purifiers are consumer goods that are used for the purification of environment and the surrounding atmosphere of the device. These devices have several pre-installed filters in their structures that block and clear out the impurities, allergens, and pollutants. Also, an exhaust fan is equipped inside the structure so that the filtered and clean air can be emitted from the device.

Segmentation: Global Air Purifiers Market

Global air purifiers market is segmented on the basis of filter, impurity, end-user and geography.

By Filter (Ion & Ozone, Electrostatic Precipitators, HEPA, Activated Carbon, UV Light, Others), Impurity (Fume Filtration, Exhaust Filtration, Smoke Collectors, Oil & Mist Collectors, Others), End-User (Industrial, Residential, Commercial) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN AIR PURIFIERS MARKET

Increasing levels of urbanization

According to United Nations, around 55% of the global population currently resides in urban areas as of 2018. Projections to this data suggest that by the year of 2050, this percentage of population could rise to 68%.

According to statista in 2018, Northern America had the highest share of the population living in urban areas, with around 82%, followed by the Latin America & the Carribean at 78%, Europe at 74%, Oceania at 67%, Asia at 49% and Africa at 43%.

This high share and projected rise of the share of the population living in the urban areas is expected to be one of the major factors for the growth of the market, as high levels of urbanization induces rise in the construction and various other end-use industries which employ the use of air purifiers.

Key Market Competitors: Global Air Purifiers Market

Few of the major competitors currently working in the air purifiers market are Godrej.com; Electrolux; Haier lnc.; Koninklijke Philips N.V.; Hitachi Appliances, Inc.; SAMSUNG; Whirlpool Corporation; LG Electronics; BSH Home Appliances Group; Honeywell International Inc.; SHARP CORPORATION; KENT RO Systems Ltd.; Panasonic Corporation; Dyson; Levoit; Xiaomi; 3M; Guardian Technologies and Molekule.

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