Research Nester published a report titled “Portable Air Purifier Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global portable air purifier market in terms of market segmentation by type, technology, distribution channel, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global portable air purifier market is estimated to garner a sizeable revenue by growing at a CAGR of ~ 14% over the forecast period, i.e., 2022–2030. The market is segmented by type into dust collectors, fume & smoke collectors, and others, out of which, the fume & smoke collector segment is projected to hold notable market share over the forecast period on account of increasing pollution level. Air pollution caused by the smoke from factories, and vehicles, is one of the major concerns amongst the people, backed by rising mortality rate of air pollution. According to the data by the WHO around 4.2 million deaths are caused by exposure to outdoor air pollution, every year.
The growth of the market can be attributed to the increasing demand for portable air purifier, as these are convenient to use, can be shifted across a room, and are perfect for small areas. Moreover, the increasing pollution level globally, along with the rising awareness among the masses of the adverse effects of pollution, is estimated to boost the market growth. According to the other data by WHO, 9 out of 10 people in the world are breathing unfit air.
Regionally, the global portable air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is estimated to witness the highest CAGR over the forecast period, on the back of the rising pollution level in the under-developed and developing countries, and rising government initiatives to curb pollution in countries, such as India, Bangladesh, and China. In fact, top 5 most polluted countries in the world, fall in the Asia Pacific region, which is expected to boost the market growth. Moreover, the air purifier market in India is anticipated to grow significantly, backed by the rising concerns for air pollution, especially in the northern part of the country.
Convenience of Using Portable Air Purifiers to Boost the Market Growth
Portable air purifiers can be shifted across a space as required, which is a major advantage over conventional air purifiers. Moreover, air purifiers which have greater portability, are ideal for residential use, along with commercial spaces, such as, hotels. Furthermore, increasing awareness among people about air quality, is estimated to boost the market growth. However, high cost of raw material is expected to operate as key restraint to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global portable air purifier market which includes company profiling of Koninklijke Philips N.V., Blueair AB, Sunbeam Products Inc., Whirlpool Corporation, Xiaomi Corporation, Coway Co. Ltd., Americair Corporation, Sharp Corporation, Dyson Technology Limited, and Blue star Limited. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global portable air purifier market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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