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Global Portable Air Purifier Market 2019 Size, Status and Forecast To 2025

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Overview

The global portable air purifier market is expected to gain an unprecedented value of USD 194.58 million by 2025 with a CAGR of 4.43% during the forecast period (2018–2025). Market Research Future (MRFR) in their report envelops segmentations and drivers for a better glimpse of the market in the coming years. An air purifier is a device or equipment, used for purifying air to make it more breathable. Air purifiers remove airborne pollutants from a room, which improves indoor air quality. These devices are beneficial for individuals that suffer from allergies and asthma.

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Competitive Analysis

Some of the prominent players operating in the global portable air purifier market report are Honeywell International Inc. (US), Panasonic Corporation (Japan), Whirlpool Corporation (US), and Hamilton Beach Brands Holding Company (US), Levoit (US), Guardian Technologies (US), Blueair (Sweden), Airfree (Portugal), Real Spirit USA, Inc. (US), and Austin Air Systems Limited (US).

Regional/Country Analysis

On the basis of region/country, the market is segmented in to North America, Europe, China, Southeast Asia, and the rest of the world. North America is anticipated to lead the portable air purifier market during the forecast period, followed by Europe.  Moreover, according to the National Pet Owners Survey, 2017–2018, around 85 million families in the US own a pet, causing poor indoor air quality because of pet dander and other allergens, such as saliva, urine, and feces. Poor indoor quality inside the houses is one of the reasons of boosting the demand for portable air purifiers in North America.

The global portable air purifier market is expected to reach USD 16,713.3 million at a CAGR of over 7.35% by the end of the forecast period.

Taste the market data and market information presented through more than 77 market data tables and 21 figures spread over 81 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Portable air purifier Market Research Report- Forecast to 2025.”

Segmental Analysis

The global portable air purifier market is segmented based on type and application.

On the basis of type, the global portable air purifier market is segmented into HEPA, active carbon, electrostatic precipitator, ion and ozone generator, and others. In 2018, the HEPA segment held the maximum market share and enjoyed a valuation of USD 5,361.1 million. This valuation is expected to reach USD 9,181.6 million by 2025. This segment is expected to grow with the fastest CAGR of 8.00% during the forecast period. HEPA stands for High-Efficiency Particulate Air, which is a technology used to filter out dust particles and pollutants. HEPA filters must meet a standard of removing minimum 99.97% of all particles that are 0.3 microns in size. This standard makes HEPA filters ideal for residential and commercial use. They are highly preferred by end users as they easily eliminate dust mite residue, small pet dander particles, and other small pollutants from the air.

On the basis of application, the global portable air purifier market is divided into residential and commercial. In 2018, the residential segment held the maximum market share and enjoyed a valuation of USD 7,031.4 million. This valuation can rise to USD 11,871.0 million by 2025. This segment is expected to grow with the fastest CAGR of 7.78% during the forecast period. The residential segment is expected to grow due to the increasing population and rapid urbanization, globally. There has been an increase in population in urban areas, especially in developing nations. With the rising number of households, the problem of dust and odors are also increasing. This transition has increased the demand for air purifiers, especially for small kids and the elderly as they spend most of their time at home.

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