LONDON--(BUSINESS WIRE)--Technavio has been monitoring the air purifier market and it is poised to grow by USD 8.84 bn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the air purifier market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
-
What are the major trends in the market?
The introduction of smart connected air purifiers is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 8% and the incremental growth of the market is anticipated to be $ 8.84 bn. -
Who are the top players in the market?
3M Co., Daikin Industries Ltd., Honeywell International Inc., IQAir North America Inc., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Unilever Group, and Whirlpool Corp., are some of the major market participants. -
What is the key market driver?
The growing air pollution levels is one of the major factors driving the market. -
How big is the APAC market
The APAC region will contribute to 41% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Daikin Industries Ltd., Honeywell International Inc., IQAir North America Inc., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Unilever Group, and Whirlpool Corp. are some of the major market participants. The growing air pollution levels will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this air purifier market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Air Purifier Market 2020-2024: Segmentation
Air Purifier Market is segmented as below:
-
Technology
- HEPA
- Electrostatic Precipitators
- Lonizers And Ozone Generators
- Others
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40388
Air Purifier Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The air purifier market report covers the following areas:
- Air Purifier Market Size
- Air Purifier Market Trends
- Air Purifier Market Industry Analysis
This study identifies the introduction of smart connected air purifiers as one of the prime reasons driving the air purifier market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Air Purifier Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist air purifier market growth during the next five years
- Estimation of the air purifier market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the air purifier market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of air purifier market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Value chain analysis
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
- Market segmentation by technology
- Comparison by technology
- HEPA - Market size and forecast 2019-2024
- Electrostatic precipitators - Market size and forecast 2019-2024
- Ionizers and ozone generators - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Introduction of smart connected air purifiers
- Increase in M&A and strategic alliances
- Increase in demand for energy-efficient air purifiers
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- 3M Co.
- Daikin Industries Ltd.
- Honeywell International Inc.
- IQAir North America Inc.
- Koninklijke Philips NV
- LG Electronics Inc.
- Panasonic Corp.
- Samsung Electronics Co. Ltd.
- Unilever Group
- Whirlpool Corp.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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