- What the Market Looks Like?
- COVID-19 Impact on Global Residential Air Purifiers Market.
This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
What the Market Looks Like?
The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2% during the forecast period.The Asia Pacific market accounts for largest market share for residential air purifiers in 2019
The growth of this market is majorly driven by the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution. Also, the need for an energy-efficient air purifier and R&D being undertaken to bring innovative products to the market is aiding the market growth.
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COVID-19 Impact on Global Residential Air Purifiers Market :
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns.
Smart connected homes are equipped with smart devices that enable residents to control or program an array of automated home electronic devices/products remotely through a smartphone. Smart homes are usually equipped with devices, such as detectors and sensors, to monitor, analyze, and control the quality of air indoors. When the air quality is below the desired level, the sensors intimate the residents of impurities in the air and signal the air quality monitors to start purifying the air.
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