Rising Toxicity Level of Air Coupled with Airborne Diseases Providing Space for Adoption of Air Purifier

Growing incidence of airborne diseases and health related concerns as a consequence of rising air pollution is drawing attention in urban areas. As per a report published by the World Health Organization (WHO), approximately 7 billion people die annually because of breathing polluted air.

 This has created the need for adoption of pollution control equipment. Increasing health awareness and rising disposal income, specifically among urban population, are key driving factors influencing the demand for air purifier market.

Further, stringent government policies regarding regulation of air pollution level has a positive impact on growth of the global air purifier market. The purifiers also help in maintaining indoor air quality standards. Besides, various air pollution campaigns undertaken by NGOs and government bodies are likely to boost demand for the product over the forecast period (2019-2029).

Air Purifier Helps Maintain Required Level of Air Quality

As per a recent survey, clean air is basic requirement to avoid several health related concerns. On the other hand, mining activities, construction activities, and growing industrialization are increasing rapidly in growing economies. These activities are resulting in air pollution.

Aforementioned factors are likely to drive demand for air purifier products over coming years.

Earlier, use of air purifiers was limited by people with respiratory diseases. However, in recent years, rising health awareness among people has accelerated the adoption rate of the purifier.

Air purifier market is witnessing significant demand from hotels and hospitals. In order to meet comfort demand of consumers and maintain hygiene level for patients, air purifiers are installed at these places. The trend has been observed in cities, due to increase in air pollution level. This, in turn, is likely to fuel expansion process of air purifier market.

Air purifier’s application in commercial sector is likely to account for maximum share. Meanwhile, both residential and commercial sectors are projected to contribute significantly to growth of the global air purifier market in coming years.

As per market analyst, residential application is likely to exhibit lucrative growth rate of 10%. At the same time, commercial application is estimated to contribute at a CAGR of 11% during the forecast period.

Emerging Economies Present Lucrative Growth Opportunities to Air Purifier Market

At present, North America and Europe market, conjointly, hold 60% of the global market share. Further, these markets have been witnessing growth in research and development activities for novel air purification methods. Moving forward, these two regions are expected to grow at lucrative growth rates in coming years.

Registering growth opportunities present in the region, Asia Pacific market is likely to exhibit significant growth rate, especially in South Asia and Oceania. Rising pollution level in countries such as China and India are pushing demand growth for air purifiers in the regional market. Further, growing disposable income of health conscious consumer is expected to augment adoption rate of air purifier marker during the forecast period.

Companies operating in air purifier market are capitalizing on rising level of air pollution and outbreaks of airborne diseases to gain customer traction. They are extensively investing in research and developments of product that can aid to prevent communicable disease.

Some of the key players operating in the global air purifier market are- Daikin Industries Ltd., IQAir North America Inc., Panasonic Corporation, LG Electronics Inc., Whirlpool Corporation, Honeywell International Inc., Koninklijke Philips N.V., Unilever PLC, Hamilton Beach Brands Inc., and Aerus LLC.

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