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

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

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