Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.2 Billion | USD 24.03 Billion | 6.8% | 2022 |
FrequentlyAsked Questions
An air purifier is a device that eliminates impurities and pollutants from the air to enhance the quality of the air inside. Air from the surrounding area is drawn in, put through several filters, and then the cleaned air is released back into the space. Reducing the number of airborne particles, including dust, pollen, pet hair, mold spores, and other allergies, is the main objective of an air purifier.
The Air purifier industry is driven by several variables including growing air pollution, the growing prevalence of infectious diseases, rising product launches, and growing technological advancements.
According to the report, the global market size was worth around USD 14.2 billion in 2022 and is predicted to grow to around USD 24.03 billion by 2030.
The global Air Purifier market is expected to grow at a CAGR of 6.8% during the forecast period.
The global Air Purifier market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the high number of deaths associated with air pollution.
The global Air Purifier market is dominated by players like Sharp Electronics Corp., Koninklijke Philips N.V., Samsung Electronics Co., Ltd., LG Electronics, Unilever PLC, Whirlpool Corp., Panasonic Corp., Carrier, Dyson, Honeywell International, Inc., IQAir, Breathify Inc., KENT, Smart Air, Molekule, TEQOYA and Medify Air among others.
The Air Purifier market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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