Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Residential Air Purifier Market size is expected to reach $5.9 billion by 2027, rising at a market growth of 7.0% CAGR during the forecast period.
The In-Duct segment is showcasing a CAGR of 8.3% during (2021 - 2027). Spreading awareness related to the degraded outdoor air quality and diseases associated with the lungs has positively impacted this segment. These purifiers work with the central HAVC system and furnace unit to sanitize the air entering into the home or office areas.
The High-efficiency Particulate Absorbing (HEPA) segment acquired maximum revenue share in the Global Residential Air Purifier Market by Technology 2020, thereby, achieving a market value of $2.8 billion by 2027. HEPA technologies are reliable and high-performance filters used to trap and remove airborne particles. These technologies are capable of removing 99.97% of all toxins of size up to 0.3 microns or larger.
The Asia Pacific is fastest growing region in the Global Residential Air Purifier Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.4 billion by 2027. The Europe market is estimated to grow at a CAGR of 6.5% during (2021 - 2027). Additionally, The North America market would exhibit a CAGR of 6.3% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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