Global Markets for Residential Air Purification Equipment, Forecast to 2027, Featuring Profiles of 125 Vendors Including 3M, Amway, Dyson, LG Electronics, Whirlpool, and Xiaomi

DUBLIN, March 22, 2022 /PRNewswire/ -- 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.

Select Competitors (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.

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
• World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
• History and Evolution of Air Purifiers
• An Insight into Types of Air Purification Technologies
• Technologies and their Efficiencies in Removing Air Borne Contaminants
• Types of Air Filtration Technologies and their Advantages and Limitations
• Types of Air Purifiers
• Stand-Alone Purification Equipment
• Induct Air Purification Equipment
• 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
• Key Factors Influencing Purchases of Air Purifiers
• Major Factors Responsible for Variation in Air Purifier Prices
• World Brands
• Recent Market Activity
• Residential Air Purification Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• 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
• 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
• 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
• 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
• Expanding Urban Population
• Middle Class Population
• Key Factors Restraining Market Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 125

For more information about this report visit https://www.researchandmarkets.com/r/6vd76z

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