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:
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
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
Recent Market Activity
2. FOCUS ON SELECT PLAYERS(Total 125 Featured)
Abatement Technologies, Inc.
AllerAir Industries Inc
Camfil Farr, Inc.
Continental Fan Manufacturing Inc.
Coway Co., Ltd.
Daikin Industries, Ltd.
Guardian Technologies LLC
Hamilton Beach Brands, Inc.
Honeywell International Inc.
Hunter Pure Air
KENT RO Systems Ltd
Koninklijke Philips N.V.
Lennox International, Inc.
LG Electronics Inc.
Newell Brands Inc.
Sunbeam Products, Inc.
Panasonic Ecology Systems Co., Ltd.
SANYO Electric Co., Ltd.
Research Products Corporation
Samsung Electronics Co., Ltd.
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
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
Vendors Focus on Delivering Improved Products
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
Exhibit 25: Chinese Air Purification Market Share Breakdown of Value Sales by Leading Players for 2019
Weak Housing Construction Activity Curtails Momentum
Emphasis on Curbing Air Pollution Augurs Well for Long-Term Growth
REST OF EUROPE
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
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
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 125
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