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Global Residential Air Purification Equipment Report 2021-2027 - Trend Towards Home Automation and Smart Homes Boosts Demand

·7-min read

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

  • Malaysia

  • Taiwan

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

  • Market Overview

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 https://www.researchandmarkets.com/r/t85u4p

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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