The residential air purifier market is expected to grow by USD 544.61 million, progressing at a CAGR of over 5% during the forecast period.
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Technavio has announced its latest market research report titled Residential Air Purifier Market in US 2020-2024 (Graphic: Business Wire)
The Innovation and portfolio extension leading to product premiumization is one of the major factors propelling market growth. However, factors such as an increase in R and D investments and a decrease in profit margin will hamper the market growth.
Residential Air Purifier Market: Geographic Landscape
By geography, the US is going to have lucrative growth during the forecast period. About 100% of the market’s overall growth is expected to originate from the US. 79% of the market’s growth will originate from HEPA during the forecast period.
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- Alen Corp.
- Austin Air Systems Ltd.
- Blueair AB
- Dyson Ltd.
- Honeywell International Inc.
- Koninklijke Philips NV
- Newell Brands Inc.
- Sharp Corp.
- Whirlpool Corp.
- Woongjin Coway Co. Ltd.
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Technology
Market Segmentation by Distribution channel
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