Global Residential Air Purifiers Market will increase by 5.07% Annually till 2021
Zion Market Research, the market research group announced the analysis report titled ‘U.S. residential air purifiers market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2021’
The study concludes that the global U.S. residential air purifiers market is expected to grow at a CAGR of 5.07% between 2016 and 2021. The market revenue of $2.02 billion in 2015, is expected to reach $2.72 billion by 2021. The main drivers for the growth of the market increase in numbers of women working outside the home.
An air purifier is a device generally used to clean the indoor air by removing unwanted dust and microbes. Growing importance of better indoor air quality and rising concerns over health-related issues such as asthma and allergies has propelled the demand for air purifiers in the U.S. Most common types of air purifier typically involve a filtering material, sealant, frame, faceguard, and gasket. Most common type of air purifiers are high-efficiency particulate air (HEPA), ion and ozone generators, electrostatic purifiers, UV technology, activated carbon technology among others.
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The major driving factor for residential air purifier market is growing awareness about air pollution and other health related issues created due to the increasing use of vehicles, urbanization etc. Increasing construction activities in U.S. over the past couple of years increases the demand of residential air purifiers rapidly. Moreover, government regulations on environmental protection, especially by the EPA (The United States Environmental Protection Agency) fueled the residential air purifier market. However, this market is experiencing low-profit margins due to increased competition and volatile prices of raw materials.
HEPA, Ion and ozone generators, electrostatic precipitators and others are the type segment of residential air purifiers market. Among all, HEPA technology accounted for the largest share of the residential air purifiers market in 2015. It accounted for 44.72% share of the market.
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The U.S. residential air purifier market is segmented into four major regions including South, West, Midwest, and Northeast. The demand for residential air purifier was highest in South region and accounted for more than 30% of the total market share in 2015.
Some of the key player for U.S. residential air purifier marketincludesAustin Air, Blueair, Honeywell, IQAir, and Sharp. Recently one of the leading manufacturers, Honeywell launched new Bluetooth Smart True HEPA (high-efficiency particulate air) allergen removers that can easily connect to user handset.
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