Ken Research has announced latest publication on growth estimates of Air Purifier industry, in the global market titled, “Global Air Purifier Industry Situation and Prospects Research report 2017“. The report presents an in depth analysis concerning the key trends and growth prospects of the air purifier industry in the global arena complemented with the integrity of logic and the comprehensiveness of contents that is further guaranteed to enrich the report reader who is either a industry insider or investor, with the professional and extensive data analysis. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluations.
In addition, the report also provides the basic overview of the industry inclusive of its definition, applications, classifications, industry chain structure, international developmental history, competitive landscape analysis, the major regions development status and policies/plans, manufacturing process and cost structures, import/export, supply and consumption figures, cost price, revenue and gross margin by regions, global company profiles, product picture and specification, capacity, production, contact information, upstream raw materials, equipment and downstream consumer analysis. Moreover, vivid research conclusions are offered as well with the conceivable image of the new investment projects being assessed.
MARKET TRENDS AND DEVELOPMENTS
Accelerated urbanization, industrialization and growth in infrastructural activities, along with the expanding vehicle fleet, the air pollution levels across the globe have been increasing at a robust pace, further exposing people to high risk of contracting respiratory and other cardiovascular diseases. Though outdoor air is unhealthy, people want the indoor air to be clean, which is why the demand of the air purification industry is on inflation. Air Purification systems are primarily employed in the industrial, commercial and residential application and have the ability to trap hazardous pollutants including Volatile Organic Compounds (VOCs), Particulate Matter (PM), Ozone, Carbon dioxide, Chlorofluorocarbons (CFCs) and unburned Hydrocarbon, which can cause a variety of respiratory diseases such as asthma, Chronic Obstructive Pulmonary Disease (COPD) and infections such as influenza, pneumonia, tuberculosis and lung cancer. The global growth of the air purification industry is projected to increase in the upcoming years with the advanced economies experiencing a modest recovery and the developing economies to register a higher growth, as indicated by the International Monetary Fund (IMF).
The air purification market can be segmented in terms of technology: as HEPA(High Efficiency Particulate Air), Activated Carbon, Electrostatic Precipitator, UV Light Air Purifier, Ionic Air Purifier and Others (including Kitchen Ventilation System); based on impurity: as Oil & Mist Collector, Smoke Collector, Fume Extraction, Dust collector and Others (including pollen grains etc.); based on End-users: as Industrial, Commercial and Residential; and based on geography: in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In terms of regional disparity, US dominated the global air purifiers market in the year 2015, and are further anticipated to maintain its hegemony over the next few years as well. However, Asia Pacific market dominates the air purification systems market in terms of demand and is expected to register fastest growth during the next few years. Moreover, other countries such as China, Japan, South Korea, and India are expected to be the chief consumers of air purification systems presently and hereafter.
Envisaged from research, the world economy enlarged by just 2.2 per cent in the year 2016, and is anticipated to further extend by only 2.7 per cent in 2017 and reach till 2.9 per cent in 2018, it can be contemplated as a state of stagnant growth. The market is growing and recovering on a very sedating pace, indicating the state of economic stabilization for the present as well as the future rather than a robust revival of global demand. Moreover, the correspondence between the demand, investment, trade and productivity coupled with the weak global growth may prove to be self perpetuating for the Air Purifier industry in collaboration with the efforts to revive investment and productivity through policy initiatives.
REASONS FOR GROWTH AND CHALLENGES
The potential precipitating factors underlying the growth of the industry include the continuously intensifying pollution, the growing urban population, increasing income and spending capacity of people in developing economies, rising Poor Indoor Air Quality (IAQ) awareness in schools, buildings, hospitals where it can significantly impact the health, well-being and productivity of health occupants, increasing demand in various end-use sectors such as automotive, building & construction, healthcare & medical, manufacturing, energy & utilities, and foreign investments in industrial sector are anticipated to fuel the demand for air purifiers during the next few years. Moreover, the strict regulations pertaining to industrial emissions and concern about occupational health and safety of the workers have led the industrial and commercial sector bodies to look into the concern of air purification needs at all their operating facilities. Thus, the demand for air purifiers is escalating worldwide. However, other factors such as increasing prices and release of byproduct from air purifier is anticipated to hamper the market growth, limit the consumption and lead to the positioning of the air purification systems as luxury products. Also, for the development of new entrants in the market, the ever-changing consumer opinions and requirements are leading to the high costs of R&D activities.
The Global Air Purifier industry has been centralized with several leading companies such as Sharp, Philips, Panasonic, Daikin, Midea, YADU, Coway, Blueair, Electrolux, Whirlpool, Austin, IQAir, Boneco, Samsung, Airgle, Broad, Mfresh, Lexy, Beiangtech, and Honeywell. These market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments in the sector. In addition, with the increasing global connectivity, these players have adopted aggressive marketing through online sales platforms in order to improve and increase availability as well as accessibility of their products to further drive their online sales across several developed and developing nations of the world.
Topics Covered in The Report
- Global Air purifier market research
- Air purifier Consumption Trends
- Global Air purifier market competition
- Global air purifier industry outlook
- North America Air purifier market
- Europe air purifier market revenue
- Asia Air purifier market revenue
- India air purifier market size
- Global household air purifier market
- Global Air purifier market size
- Global Air purifier market growth
- Global Air purifier market trends
- Global Air purifier market future
- Global Air purifier market analysis
- Global Air purifier market share
- Global Air purifier market size
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Ankur Gupta, Head Marketing & Communications