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Home Air Purifier Prevailed in Common Home with Growth of 6.69%- QYResearch Report

Author: QYResearch  |   Published Date: 2021-01-26   |   Views: 77



According to QYResearch’s study, over the next five years the global Home Air Purifier market will register a 6.69% CAGR in terms of revenue, the global market size will reach US$ 10.45 billion by 2025, from US$ 7.55 billion in 2020.

Home Air Purifier, also known as "air cleaners," are those that have the ability of absorption, decomposition or transformation of various air pollutants such as PM2.5, dust, pollen, odors, formaldehyde decoration pollution, bacteria, and allergens.

Rising level of air pollution and growing health consciousness of individuals is stimulating the demand of Home Air Purifier.

The home air purifier is an affordable solution for indoor air quality. As more and more people have focus on the air pollution, home are purifier has become one of their preferred choices to guarantee the qualified air indoor.

Global Home Air Purifier Market- Key Players

Sharp, Panasonic, Philips, Daikin, Midea, Coway, Smartmi, Electrolux, IQAir, Amway, Whirlpool, Honeywell, Yadu, Samsung, Austin, Blueair, Boneco, Broad, are some of the key players, functioning in the global Home Air Purifier market. The top 3 players in the market are Smartmi, Sharp and 9.64%, accounting for about 33% sales market share together.

Global Home Air Purifier Market: Segmental Analysis

On the basis of product type, the market can be segmented into < 20 Sqm, 20-50 Sqm, 50-80 Sqm, >80 Sqm, etc. 20-50 Sqm home air purifier segment is projected to account for the largest revenue market share during the forecast period; this segment was estimated to account for 36% share in 2019 in terms of value.

Global Home Air Purifier Market: Application Analysis

Home Air Purifier can be used in such places as Living Room, Bed Room, Kitchen. Presently, Living Room is the most popular places where Home Air Purifier is installed. In 2019, more than 50% buyers install their air purifier in the living room. Besides, bed room is also the preferred places for air purifier with about 38% application share.

 

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