Residential Air Purifiers Market Size Expected To Reach Usd 14.1bn At Cagr Of 8.1%, By 2026

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The growth of Residential Air Purifiers market is majorly driven by the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution.

The global residential air purifiers market is expected to reach USD 14.1 billion in 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1%.

Based on type, the residential air purifiers market is segmented into portable/stand-alone purifiers and in-duct purifiers. The portable/stand-alone purifiers accounted for the highest share of the residential air purifiers market in 2020. This is mainly due to the need to remove sources of pollutants or allergens from indoor air, growing popularity of smart homes/ambient-assisted living, and increasing public awareness pertaining to the healthcare implications of air pollution. Furthermore, their installation is cost-effective as compared to the in-duct systems.

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Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arresting or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the largest market share in 2020. The growing concern for environmental sustainability and increasing public awareness pertaining to the healthcare implications of air pollution has resulted in the increased adoption of the HEPA technology in the residential air purifiers market.

The prominent players in the global residential air purifiers market are Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), Winix Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Airpura Industries Inc. (Canada), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), SHIL Limited (India), IDEAL Krug & Priester GMBH & Co. KG (Germany), Havells India Ltd. (India), Molekule (US), Carrier Global (US), and Coway CO., Ltd. (South Korea).

Sharp Corporation (Japan) is a worldwide developer of core technologies that play an integral role in developing digital technologies such as optoelectronics, infrared, semiconductors, digital MFDs, LCD panels, and solar technology. Sharp aims to continuously improve lives through advanced technologies, with a commitment to innovation, quality, value, and design. Sharp is also committed to minimizing the environmental burden through the effective implementation of e-waste management processes. Sharp’s growth strategy for the residential air purifiers business mainly concentrates on expanding its production capacity and meeting the rising customer demand.

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Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.

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