A recent study by Triton Market Research titled ‘Global Portable Air Purifier Market’ includes the Global Analysis and Forecasts by Filtration Technology (High-Efficiency Particulate Air Filter (HEPA), Activated Carbon Filtration, Other Filtration Technologies), Distributed Channel (Supermarkets, Convenience Stores, E-Commerce, Other Distribution Channel), Product Type (Soot & Dust Purifier, Fume & Smoke Purifier, Other Purifiers), and by Geography (Latin America, Middle East and Africa, Asia-Pacific, North America, Europe).
A portable air purifier helps in monitoring indoor air quality by reducing pollutants in the atmosphere. The implementation of portable air purifiers assists in decreasing the adverse effects of these contaminants on health and the environment. A portable air purifier has applications in indoor locations such as offices, schools, hospitals, and hotel rooms.
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Triton’s research report denotes the global portable air purifier market to showcase a CAGR of 9.12% during the forecast period 2019-2028. Further, it is expected to garner revenue worth $16054 million by 2028.
Factors such as the impact of low air quality on the economy, health disorders caused by air pollution, and government support drive the market’s development on a global scale. The lower air quality can have a drastic impact on the economy in many ways, such as higher asthma rates, diabetes, or chronic respiratory diseases, resulting in reduced ability to work in the labor force. This leads to the requirement of portable air purifiers to minimize the pollutants in the air. However, the high cost of operation tends to create challenges for the portable air purifier market.
The portable air purifier market is segmented into filtration technology, distributed channel, and product type. Based on filtration technology, it is segregated into high-efficiency particulate air filter (HEPA), activated carbon filtration, and other filtration technology. The distributed channel segment is further divided into supermarkets, convenience stores, e-commerce, and other distribution channels. Whereas, product type is branched into soot & dust purifier, fume & smoke purifier, and other purifiers.
The Asia-Pacific portable air purifier market is poised to become the fastest-growing market for portable air purifiers globally over the forecasting duration. Also, China is expected to contribute the largest share to the regional market in this period. The continual surge in infrastructure projects, paired with an increase in the use of fossil fuels, has degraded the air quality in the region, which is justifying the rising trend in the adoption of portable air purifiers in the region. Further, the industrial development and growth in the purchasing power of consumers act as essential drivers of the market’s growth. In China, the rising industrialization and high coal consumption for power generation have increased the soot levels, reducing indoor air quality. This further enhances the demand for portable air purifiers, simultaneously advancing the market in the country.
Daikin Industries Ltd, Sharp Corporation, Samsung Electronics Co Ltd, Philips International BV, Austin Air Systems Limited, Panasonic Corporation, Whirlpool Corporation, Blueair Inc, Coway Co Ltd, Honeywell International Inc, and Dyson Limited are the notable players present in this market.
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Question & Answer: Portable Air Purifier Market
Question 1: What major factors are driving the growth of the portable air purifier market?
Answer: Factors such as the impact of low air quality on the economy, health disorders caused by air pollution, and government support drive the market’s development on a global scale. The lower air quality can have a drastic impact on the economy in many ways, such as higher asthma rates, diabetes, or chronic respiratory diseases, resulting in reduced ability to work in the labor force. This leads to the requirement of portable air purifiers to minimize the pollutants in the air.
Question 2: What factors are challenging the portable air purifier market development?
Answer: The high cost of operation tends to create challenges in the development of the portable air purifier market.
Question 3: Which region is predicted to show the fastest growth rate in the global portable air purifier market?
Answer: The Asia-Pacific portable air purifier market is poised to become the fastest-growing market for portable air purifiers globally over the forecasting duration. Also, China is expected to contribute the largest share to the regional market in this period. The continual surge in infrastructure projects paired with an increase in the use of fossil fuels has degraded the air quality in the region, which is justifying the rising trend in the adoption of portable air purifiers in the region. Further, the industrial development and growth in the purchasing power of consumers act as an essential driver of the market’s growth. In China, the rising industrialization and high coal consumption for power generation have increased the soot levels, reducing indoor air quality. This further develops the demand for portable air purifiers, simultaneously advancing the market in the country.
Question 4: Which are the notable players present in the portable air purifier market?
Answer: Daikin Industries Ltd, Sharp Corporation, Samsung Electronics Co Ltd, Philips International BV, Austin Air Systems Limited, Panasonic Corporation, Whirlpool Corporation, Blueair Inc, Coway Co Ltd, Honeywell International Inc, and Dyson Limited are the notable players present in this market.
Related Report:
Global Water Quality Monitoring Market
The global water quality monitoring market is anticipated to progress at a CAGR of 6.01% during the forecast period of 2019-2027. It is expected to acquire revenue valued at $5125.89 million by 2027.
A water quality monitoring system is termed as a process of collection and analysis of data linked to the measured parameters of a water body. Moreover, it is the measure of a water body’s characteristics concerning human health and ecological conditions. These systems are used for analyzing and sampling water quality for efficient operations in numerous industries, including food & beverage, life sciences, and pharmaceuticals.
Further, a water quality monitoring system comprises various sensors, such as a pH sensor, turbidity sensor, DO sensor, and others, allowing the consumers to monitor multiple water quality parameters using a fully integrated system. The rise in the need to monitor and analyze water to eliminate pollutants and examine risky parameters are driving the market’s growth in the global market.
The increase in water-related viruses, upscale industrial waste affecting water bodies, and the rise in stringent regulations in several countries are the factors driving the market worldwide. However, the high cost imposed on water quality monitoring systems and lack of knowledge in various regions hinder the expansion of the market.
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