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Global Air Purifier Market size is projected to grow at a CAGR of 10.7% during 2020-26F

Global Air Purifier Market Overview

Global Air Purifier Market demand would continue to accelerate on account of factors such as urbanization, increasing construction activities in urban areas, fossil fuel & crop burning, and industrial carbon emissions. The aforementioned factors would worsen the air quality and increase the particulate matter concentration in the air. Further, factors such as increasing air-borne diseases, rising consciousness about health hazards, rising disposable income, and improving living standards would accelerate the demand for air purifiers in the forecast period. Nevertheless, in 2020, the sales of air purifiers are expected to drop in the first few months in every country owing to the coronavirus pandemic as the global air purifier market would experience a shortage from the supply side in the first half of 2020. As far as the demand side is concerned, due to nationwide lockdowns, people would refrain from buying air purifiers as these products do not come under first priority-products amid a lockdown. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall Air purifier market growth.

According to 6Wresearch, Global Air Purifier Market size is projected to grow at CAGR of 10.7% during 2020-2026. The global air purifier market is estimated to register around revenue during the forecast period 2020-26F on the back of the rising prevalence of the chronic disease in developed and developing countries. The increase in the pollution rate on the back of the rising vehicle mobility and industrialization especially in China and India which Is intended to deteriorate the air quality index is leading to pose an extensive health risk to human health by causing respiratory disease, therefore air purifier plays a vital role in controlling harmful air and tends to promote a safe environment for the population and is expected to proliferate the air purifier installation and would benefit the global air purifier market to grow exponentially in the years ahead.

Key Highlights of the Report:-

  • Global Air Purifier Market Overview
  • Global Air Purifier Market Outlook
  • Global Air Purifier Market Forecast
  • Global Air Purifier Market Size
  • Global Air Purifier Market Trends
  • Global Air Purifier Industry Life Cycle
  • Porter’s Five Force Analysis
  • Global Air Purifier Market Opportunity Assessment
  • Global Air Purifier Market Share, By Company
  • Global Air Purifier Market Share, By Regions
  • Company Profiles
  • Key Strategic Recommendations

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Author: 6Wresearch Market Intelligence Solutions | Created at: 23.06.2022

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