(MENAFN- GlobeNewsWire - Nasdaq) Dublin, July 19, 2021 (GLOBE NEWSWIRE) -- The "Residential Air Purification Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Residential Air Purification Equipment Market to Reach US$13 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Residential Air Purification Equipment estimated at US$8.6 Billion in the year 2020, is projected to reach a revised size of US$13 Billion by 2027, growing at a CAGR of 6% over the period 2020-2027.
Stand-Alone , one of the segments analyzed in the report, is projected to grow at a 6.2% CAGR to reach US$10.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the In-Duct segment is readjusted to a revised 5.2% CAGR for the next 7-year period. This segment currently accounts for a 22.4% share of the global Residential Air Purification Equipment market.
The U.S. Accounts for Over 28.3% of Global Market Size in 2020, While China is Forecast to Grow at a 8.1% CAGR for the Period of 2020-2027
The Residential Air Purification Equipment market in the U.S. is estimated at US$2.4 Billion in the year 2020. The country currently accounts for a 28.26% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.7 Billion in the year 2027 trailing a CAGR of 8.1% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR while Rest of European market (as defined in the study) will reach US$2.7 Billion by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 Pandemic and Looming Global Recession
- COVID-19 Crisis Presents Opportunity for Residential Air Purification Systems
- COVID-19 Pandemic Elevates Role of Smart Air Purifiers
- Air Purifier with Impressive Efficacy of over 99.9% against COVID-19 Virus
- HEPA Air Purifiers Suitable for Protection Against COVID-19
- Pandemic Weakens Global Economic Environment, Triggering Negative Tide in GDP
- Residential Air Purification Equipment: A Prelude
- History and Evolution of Air Purifiers
- An Insight into Types of Air Purification Technologies
- Types of Air Filtration Technologies and their Advantages and Limitations
- Types of Air Purifiers
- Stand-Alone Purification Equipment
- Induct Air Purification Equipment
- Residential Air Purification Equipment: Addressing Indoor Air Quality Concerns
- Causes of Indoor Air Pollution
- Global Market Prospects & Outlook
- Standalone Air Purification Equipment Market Leads Global Market
- HEPA Filters to Fuel Revenue Growth
- Developed Regions Lead, Developing Economies to Spearhead Future Growth
- Competition
- An Intensely Competitive Marketplace
- Induct Air Purification Marketplace: Fragmented in Nature
- Key Factors Influencing Purchases of Air Purifiers
- Major Factors Responsible for Variation in Air Purifier Prices
- Dispersion of Knowledge: An Important Competitive Variable
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 125 Featured)
- 3M Company
- Abatement Technologies, Inc.
- Airgle Corporation
- Alen Corporation
- AllerAir Industries Inc
- Amway Corporation
- Blueair AB
- Camfil AB
- Camfil Farr, Inc.
- Carrier Corporation
- Continental Fan Manufacturing Inc.
- Coway Co., Ltd.
- Daikin Industries, Ltd.
- Dyson Ltd
- Guardian Technologies LLC
- Hamilton Beach Brands, Inc.
- Honeywell International Inc.
- Hunter Pure Air
- IQAir
- KENT RO Systems Ltd
- Koninklijke Philips N.V.
- Lennox International, Inc.
- LG Electronics Inc.
- MANN+HUMMEL GMBH
- Newell Brands Inc.
- Sunbeam Products, Inc.
- Panasonic Corporation
- Panasonic Ecology Systems Co., Ltd.
- SANYO Electric Co., Ltd.
- Research Products Corporation
- Samsung Electronics Co., Ltd.
- Sharp Corporation
- Steril-Aire, Inc.
- Trion, Inc.
- Whirlpool Corporation
- White-Rodgers Company
- Xiaomi, Inc.
3. MARKET TRENDS & DRIVERS
- Deteriorating Indoor Air Quality amid Rising Pollution Levels in Residential Buildings: The Fundamental Growth Driver
- Major Indoor Pollutants: Brief Details of Pollutant, Source, and Impact on Health
- With Climate Change and Wildfires Impacting Indoor Air Quality, Adoption of Air Purifiers Poised to Grow
- Trend towards Home Automation and Smart Homes Boosts Demand for Smart Air Purifiers
- Select Smart Air Purifiers: A Review
- Few Players Operate in Smart Air Purifiers Market
- Alarming Rise in Incidence of Asthma and Allergies Spurs Demand for Air Purifiers
- Rising Prevalence of Asthma in Children Bodes Well for Air Purifiers Market
- HEPA Purifiers: Superior Attributes over Other Alternatives Drive Widespread Market Adoption
- Aging Population Vulnerable to Air-borne Allergies and Health Risks to Fuel Air Purifier Market
- Usage of Residential Air Purifiers Tends to Soar During Summer Season
- Technology Advancements to Boost Market Prospects
- A Review of Potential Air Purifier System Innovations
- Select Innovations in Air Purification Systems Market
- Influx of New Products Boosts Smart Air Purifiers Market
- Ventilation as Double-Edged Blade Popularizes 'AC + Air Filter' Formula for Indoor Air amid COVID-19
- Combination Technologies Offer Scope for Product Differentiation
- Eliminating Odors and Smoke Remain Key to Product Success
- Air Purifiers: A Must Have for Sufferers of Multiple Chemical Sensitivity Condition
- Regulatory Standards Spruce Up Sales of Air Purification Equipment
- Construction Activity Worldwide Signals Opportunities for Residential Air Purifiers Market
- E-Commerce Makes Rapid Inroads, Expands Growth Opportunities for Air Purifiers Market
- Demographic and Economic Trends Influence Market Prospects
- Ballooning Global Population
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
UNITED STATES
- Residential Air Purifiers Market Gears Up for Significant Decline Amid COVID-19 Pandemic
- Current Negative Trend in the Residential Construction Sector Discourages the Market
- Long-Term Prospects Remain Optimistic Amid Growing Concerns Over Deteriorating Indoor Air Quality
- Surging Air Pollution Levels in the United States: Steps Taken by EPA
- Steps Taken by the EPA for Curbing Greenhouse Gas Emissions (GHGs)
- EPA Measures for Curbing Air Pollutants
- Protecting the Ozone Layer: The EPA Implements New Regulations for ODSs
- Growing Awareness of Indoor Air Quality (IAQ) Drives Further Legislative Initiatives
- Technologically Advanced HEPA Purifiers Gain Wider Traction
- High Rate of Infectious Diseases Propel Demand for HEPA Purifiers
- Popular Residential Air Purifier Brands in the US: Snapshot Profiles
- Distribution Landscape
CANADA
JAPAN
- Vendors Focus on Delivering Improved Products
CHINA
- China Emerges as the Most Lucrative Market for Air Purification Equipment
- Air Purifiers Market Evolves Rapidly after the 2013 Beijing Smog Incident
- Newly Built World's Biggest Air Purification Tower in Xian Illustrates China's Focus on Air Quality
- Stringent Regulatory Standards on Air Pollution Control Steer Growth
- New GB/T 18801-2015 Standard to Reshape Manufacturing Ecosystem
- Builders Focus on Advanced Air Purifiers to Improve Building Quality
- Air Purifiers Gain Traction in Lung & Heart Disease Treatment Settings
- Competitive Landscape
- Exhibit 25: Chinese Air Purification Market Share Breakdown of Value Sales by Leading Players for 2019
EUROPE
- Market Overview
- Weak Housing Construction Activity Curtails Momentum
- Emphasis on Curbing Air Pollution Augurs Well for Long-Term Growth
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
- Sluggish Scenario Deters Current Market Prospects
- Long-Term Growth Remains Intact Amid Rising Concerns over Air Pollution
- Multifunction Products Present Huge Market Potential
- Foreign Companies Establish Operations to Widen Regional Footprint
- Focus on Product Innovation: A Must for Marker Participants
AUSTRALIA
INDIA
- Bright Future Projected for Residential Air Purifiers in the Country
- Air Purification Market Looks Ahead at Emphatic Gains in India
- Bengaluru Gets Ready for India's Foremost Residential Air Purification Tower
- Major Cities Dominate Residential Air Purifier Sales in India
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
- Total Companies Profiled: 125
For more information about this report visit
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