Air Purifier Market Overview:
A research team conducted extensive primary and secondary research for the global Air Purifier market analysis. Secondary research was carried out to supplement the available data, segment the market, calculate the overall market size, and forecast market size and growth rate.
Increasing airborne infections and pollution in urban areas and increased health awareness, improved living standards and increased disposable income are driving the air purifier market growth. Increasing adoption of air pollution control devices, especially in developing regions of the world, and Increasing awareness of healthy lifestyles, especially among young people in urban areas is expected to drive the market through the forecast period.
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Air Purifier Market Scope:
The study employs PESTLE analysis to evaluate the benefits and drawbacks of major market participants. The researcher carefully examines the size, share, trend, total profit, total revenue, and profit margin of the Air Purifier market in order to forecast the market and provide investment advice. Subject-matter experts provide market-change advice.
In addition to data on capacity and production, price and cost information, company profiles, product images, specifications, and contact information, the report includes details on the major market participants. The Air Purifier market is examined for trends, size, and value at the global, regional, and corporate levels in this report. This study examines the global market for Air Purifier using historical data and future projections.
Air Purifier Market Segmentation:
By Application, the commercial segment held a 55% market share for air purifiers in 2020. Hospitals, offices, hotels, schools, movie theatres, shopping malls, conference centres, and other leisure facilities all use air purifiers commercially. Air purifiers are used to eliminate allergens, airborne pathogens, and odours from the air and the patients working in dental and medical laboratories, veterinary clinics, animal shelters, clinics, and hospitals. maintain the staff's indoor air quality. During the COVID 19 pandemic, demand for air purifiers is rising in various medical facilities all over the world because of their capacity to stop the spread of infectious diseases. To eliminate odours, smoke, and airborne particles, hotels and restaurants use HEPA air purifiers and activated carbon.
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Air Purifier Market Key players:
Honeywell International, Inc.
LG Electronics, Inc.
Unilever PLC
Koninklijke Philips N.V.
Panasonic Corporation
Hamilton Beach Brands, Inc.
Whirlpool Corporation; Carrier
Camfil
COVID-19 Impact on Air Purifier market:
The outbreak of COVID-19 has had a significant impact on the Air Purifier market. The development of Air Purifier production facilities has been halted due to the global economic downturn and a labour shortage. The COVID-19 pandemic has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered staff visits to their facilities, limiting the growth of the Air Purifier market in 2020. However, given the high demand for Air Purifier, COVID-19's market effects are expected to be transitory. The industry is expected to fully recover by the beginning of 2021.
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Stellar Market Research is a market research and consulting firm that provides syndicated and custom research reports in addition to consulting services. The main goal of the company's products is to assist businesses in identifying, focusing on, and analysing changes in consumer behaviour across demographics and industries to assist them in making better business decisions. In order to provide relevant and fact-based research, the company conducts market intelligence studies in a variety of industries, including healthcare, touch points, and energy. With experience in many different industries, Stellar Market Research has a sizable staff of highly qualified analysts. Clients can gain a competitive advantage over their rivals thanks to the company's subject-matter expertise and capacity to provide a workable solution to any research problem.
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