Global Home Air Purifier Market Share to record 6.7% CAGR through 2028

By Sachin Pashte  | Date: January 12, 2023

Global Home Air Purifier Market Share to record 6.7% CAGR through 2028

Research analysts assert that global Home Air Purifier Market garnered a valuation worth USD 8,061.2 million in 2021 and is anticipated to reach USD 12,690 million by 2028, presenting a CAGR of 6.7% during the forecast period.

'Global Home Air Purifier Market' study provides a comprehensive analysis of this industry with a focus on important factors like growth strategies, challenges to be faced, and opportunities for players throughout the course of the review period. Additionally, it assesses the development prospects of each submarket independently to help stakeholders understand the overall size and scope of this sector. Proceeding further, the competitive dynamics of this industry are examined using Porter's five forces analysis.

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COVID-19 impact:

During the COVID-19 outbreak, the three main obstacles were the inability to maintain customer relationships, the fall in corporate spending, and the productivity decline brought on by remote working. An abrupt drop in sales was linked to unfavorable macroeconomic circumstances and ongoing uncertainties around foreign investments, which affect demand patterns in recipient nations while also limiting the expansion of industrial capacity and supply networks. As a result, decreased exports in one nation led to decreased output and increased imports in another, which induced an overall downturn in international trade.

Notably, the pandemic's effects on the commercial, social, economic, and political sectors had an impact on the potential for growth in global home air purifier industry. In order to meet the demand that is anticipated to rise in the upcoming years, the study aims to shed light on the methods that manufacturers will employ, the creative technologies that new enterprises will adopt, and the strategies that governments will utilize.

Segmentation & Regional Overview:

The marketplace is bifurcated on the basis of type and application. Based on type, the industry is segmented into >80 sqm, 50-80 sqm, 20-50 sqm, and <20 sqm. With respect to the application landscape, the industry is fragmented into kitchen, bedroom, living room, and others.

An overview of these divisions presented in the report aids stakeholders in understanding the income potential of global home air purifier industry. Parameters such as market share, growth rate, and other relative aspects for each vertical are covered in the study.

Geographically, the primary areas expected to have a substantial impact on economic yield during the evaluation period are Asia Pacific, Europe, Latin America, Middle East & Africa, and North America. The report provides data that can be helpful in identifying locations expected to increase earnings during the research timeline using a country-level analysis.

Competitive Analysis:

Broad Clean Air Technology Co. Ltd., Boneco AG, Blueair, Austin Air, Samsung Group, Beijing Yadu Environmental Technology Co. Ltd., Honeywell Connection, The Whirlpool Corporation, Amway, IQAir, Electrolux AB, Smartmi, Coway, Midea Group, Daikin Industries Ltd., Koninklijke Philips N.V., Panasonic Holdings Corporation, and Sharp Corporation are the key competitors in worldwide home air purifier industry.

FAQs:

How are the different segments in global home air purifier market bifurcated by application?

A: Kitchen, bedroom, living room, and others are a few applications of home air purifier assessed in the industry report.

How can interested parties benefit from this report?

A: The study, which serves as a valuable information resource, contains important data on the primary growth trends, limitation factors, and expansion opportunities that are anticipated to have an impact on this market’s revenue matrix between 2022 and 2028.

Which are the prominent companies influencing global home air purifier dynamics?

A: Broad Clean Air Technology Co. Ltd., Boneco AG, Blueair, Austin Air, Samsung Group, Beijing Yadu Environmental Technology Co. Ltd., Honeywell Connection, The Whirlpool Corporation, Amway, IQAir, Electrolux AB, Smartmi, Coway, Midea Group, Daikin Industries Ltd., Koninklijke Philips N.V., Panasonic Holdings Corporation, and Sharp Corporation are the key competitors in worldwide home air purifier industry.

Which geographical areas are critical to global home air purifier market revenue?

A: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa are the key regions contributing to market revenue.

What is the size of the worldwide home air purifier industry?

A: Global home air purifier market garnered a valuation worth USD 8,061.2 million in 2021 and is anticipated to reach USD 12,690 million by 2028, presenting a CAGR of 6.7% during the forecast period.

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About Author

Sachin Pashte     ibmag.com

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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