The new report by Expert Market Research titled, Global Portable Air Purifier Market Report and Forecast 2021-2026’, gives an in-depth analysis global portable air purifier market assessing the market based on type, techniques, distribution channel and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 9,514 Million
- Forecast CAGR (2021-2026): 5%
- Forecast Market Size (2026): USD 18,281 Million
Increasing health awareness, living standards, and disposable money are likely to drive market expansion. The increased use of air pollution control equipment, particularly in emerging regions, is expected to boost the market. A rise in healthy lifestyle awareness among urban youth is likely to drive market growth.
Industry Definition and Major Segments
The term "portable air purifier" refers to a device that can be carried around with you and is used to remove pollutants and microorganisms from the air. Reducing airborne particles, which may cause a variety of health problems and shorten life expectancy, is an absolute necessity.
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The major types of portable air purifier are:
- Dust Collectors
- Fume and Smoke Collectors
The market can be broadly categorised on the basis of its techniques into:
- High-Efficiency Particulate Air Filter (HEPA)
- Activated Carbon Filtration
Based on distribution channel, the market is divided into:
- Hypermarkets and Supermarkets
- Convenience Stores
- Online Stores
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Among portable air purifiers, the HEPA sector was the most popular. This is related to a spike in demand for the high efficiency of HEPA-based air purifiers. Additionally, a rise in the demand for air pollution management equipment, particularly in developing economies, is expected to increase the demand for portable air purifiers.
Many factors contributed to Asia-Pacific's industry dominance, including rapid urbanisation and industrialization, as well as a growing population with increased disposable income. Another factor that is projected to contribute to the growth of the air purifier market is rising smog and pollution cases, particularly in countries like India and China.
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Key Market Players
The major players in the market are Austin Air Systems Limited, Coway Co., Ltd, Dyson Limited, Honeywell International Inc., Panasonic Corporation and among others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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