The Asia Pacific Residential Air Purifier Market would witness market growth of 7.3% CAGR during the forecast period (2021-2027).
The rapid increase in the growth of the world population has created a huge impact in the urge for energy. Consumption and Energy generation is the culpable reason for the majority of pollution across the world. The exploiting of petroleum and coal for generating energy to fulfil the demands of the consumers gives rise to more carbon-based particles.
The growing prevalence of chronic airborne diseases and pollution growth in the urban areas across the world is the driving factor in the growth of the residential air purifiers market. Also, the advanced standard of living and increase in discretionary income is spreading awareness related to conscious health issues among people. The harmful impact of air pollution is also propelling the demand for air population control devices to adopt a healthy lifestyle among the urban youth.
Despite rising pollution levels and decreasing Air Quality Indexes in many countries, including China, India, and others, governments and organizations such as the World Health Organization (WHO) are developing legislation and taking actions to create major business opportunities. China's spectacular economic growth over the previous four decades has been powered in great part by coal, the country's most polluting anthropogenic source. Smog levels are higher in the northern Shanxi or Hebei provinces, where coal mining and steel production facilities are located. Pollution is at an all-time high in certain places. Because of its propensity to penetrate into the pulmonary alveoli and diffuse into the blood, industrial operations produce and emit a form of molecular particle (PM2.5) into the atmosphere that is particularly detrimental to human health.
The China market dominated the Asia Pacific Residential Air Purifier Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $697.8 million by 2027. The Japan market is estimated to witness a CAGR of 6.6% during (2021 - 2027). Additionally, The India market would display a CAGR of 7.9% during (2021 - 2027).
Based on Type, the market is segmented into Standalone/Portable and In-Duct. Based on Technology, the market is segmented into High-efficiency Particulate Absorbing (HEPA), Activated Carbon, Ionic Filters, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Residential Air Purifier Market is Projected to reach USD 5.9 Billion by 2027, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, The Whirlpool Corporation, Koninklijke Philips N.V., Xiaomi Corporation, Daikin Industries, Ltd., Dyson Limited, LG Electronics, Inc., Sharp Corporation, and Honeywell International, Inc.
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