Elettronica
Residential Air Purifier Market to be valued at over US$ 4 Billion by 2032 - Latest Fact.MR Study
NEW YORK , Feb. 16, 2022 /PRNewswire/ -- residential air purifier market to grow at a CAGR of 6.3% during the forecast period 2022-2032 and estimated the market valuation at USD 4.04 billion in the assessment period 2022.
Along with climate change, air pollution is causing a threat to human life. The World Health Organization concludes that 9 out of 10 people breathe air containing high levels of pollutants. Moreover, around 7 million casualties occur each year, owing to exposure to fine particles in polluted air which penetrate the lungs and cardiovascular systems. This induces strokes, lung cancer and heart disease. Hence, countries are advocating clean air policies, prompting increased uptake of residential air purifiers.
In addition, the outbreak of the coronavirus pandemic has pushed people to invest into keeping their surroundings clean. The high rate of transmissibility of the virus via air is prompting residents worldwide to filter the air before letting it circulate within the house.
According to the United States Environmental Protection Agency, indoor air can be two to five times more pollutant higher than outdoor air concentration. In addition, rising air pollution is adversely affecting human health. Children and older adults are more prone to being affected by air pollutants. To keep air pollutants at bay, people from the residential sector are investing in air purifiers.
Air purifiers have the ability to capture viruses and bacteria by giving space to clean air. Not only can air purifiers neutralize unpleasant odor but they also help in improving sleep. Furthermore, air purifiers can delete harmful chemicals and increase life expectancy. Thus, the demand for residential air purifiers has escalated.
Key leading players present in the residential air purifiers market are focusing on integrating artificial intelligence and smart sensors to offer a comfortable and easy to use experience to the consumers.
Fact.MR, in its report, offers a market analysis of the global residential air purifier market analysing forecast period through 2022 and beyond. This survey reveals the growth of technology in the residential air purifier Market with detailed segmentation as follows: -
As rising global air pollution concerns increase, the demand for air purifiers across key end use industries is forecast to increase at a significant rate across the forthcoming decade. Uptake across commercial establishments is likely to be maximum, while demand across the residential and industrial segments is also expected to surge impressively.
A recent study concluded by Fact.MR on the heat recovery ventilator market expects demand to soar impressively, given the extensive reliance on green construction aimed at reducing the global carbon footprint by regulating heat emissions from buildings.
- The global market for air scrubbers is expected to witness major traction, with the rising prevalence of airborne diseases such as bronchitis and asthma increasing due to inhalation of poor air across key regions. Moreover, there is rising emphasis on curtailing global emission levels, prompting their deployment.
- Compressed air dryers have seen significant growth over the past few years due to versatile applications in various end-use industries, including the healthcare & medical sector. Manufacturers have increased their production capacity to cater to rising demand in the past few years.
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin , whereas our global headquarter is in Dubai . While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg