Air pollution leads to about 6.5 million deaths each year, making it the world’s fourth-largest threat to human health, according to a 2016 report by the International Energy Agency. Emerging economies experience the highest levels of pollution, particularly cities in India and China where growth in energy demand and pollution has gone hand-in-hand with economic growth. According to a new market report published by BlueWeave Consulting, the Global air purifier market was valued at US$ 19,232 Mn in 2017 and is expected to expand at a CAGR of above 32.4% from 2018 to 2024, reaching US$ 182,101.1 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the air purifier market in 2017.
Rise in air pollution level drives the market growth driving the air purifier market across the globe
Air pollution is the emission of toxic elements into the atmosphere by natural or anthropogenic sources. These sources can be further differentiated into either mobile or stationary sources. Anthropogenic air pollution is often summarized as being mainly related to motorize street traffic (especially exhaust gases and tire abrasion). The World Health Organization (WHO) estimates 2.4 million fatalities due to air pollution every year. As intake of polluted air can have severe health effects such as asthma, COPD, or increased cardiovascular risks, most countries have strengthened laws to control the air quality and mainly focus on emissions from automobiles. Air quality in vehicle cabins is usually found to be worse than those typically found in homes or workplaces.
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Air Purifier Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global air purifier market. Some of the key players profiled in the report include Camfil Group, Daikin Industries, Ltd., Eureka Forbes limited, Honeywell International Inc., LG Electronics, Panasonic Corporation, Philips Electronics N.V., Sharp Corporation, Xiaomi Inc., Blueair AB, and others.
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Market Segmentation: Global Air Purifier Market
- HEPA Technology (High Efficiency Particulate Air)
- Activated Carbon Technology
- UV Technology
- Negative Ion
- Others Vertical
- Portable Air Purifiers
- Whole-House Air Purifiers and Cleaners
- Electrostatic Precipitators
- Smart air purifier
In addition, the report provides an analysis of the air purifier market with respect to the following geographic segments:
- Rest Of North America
- Rest of Europe
Rest of Middle-East and Africa
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