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“The Air Ionizer Market is poised to grow by USD 900.2 million during 2022-2026, accelerating at a CAGR of 7.14% during the forecast period”
Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, challenges, and vendor analysis covering around 15 vendors. Furthermore, this report extensively covers the market segmentation by type end-user and geography North America, APAC, Europe, South America, and Middle East and Africa . The market report also offers information on several market vendors, including Air Oasis LLC, Blue Star Ltd, BONECO AG, Coway Co. Ltd., Daikin Industries Ltd, Eureka Forbes Ltd., Faraday Ozone Products Pvt. Ltd, Havells India Ltd, Honeywell International Inc., INCEN AG, KENT RO Systems Ltd., Livpure Pvt. Ltd., OION Technologies, Panasonic Corp, Rabbit Air, Samsung Electronics Co. Ltd., Sharp Corp., Unilever Group, Wein Products Inc, and Winix America Inc. among others.
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Our Technavio Research categorizes the report belonging to Household Appliance Industry for the market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.
Technavio Research categorizes the market belonging to the Consumer Discretionary Industry.Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the forecast year.
The market is extremely competitive with all sizes of businesses, including large, medium, and small-sized companies vying to monopolize the market. The tremendous development in various fields such as product innovations and new product launches by manufacturers operating in the market will drive the growth further.
Key Air Ionizer Market Driver
he growing popularity of wearable air ionizers is one of the key air ionizer market trends contributing to the market growth. The demand for wearable air ionizers, also known as personal air ionizers, is increasing among customers across the world, primarily owing to their compact size and intuitive operation. These compact devices help in removing common contaminants such as dust, smoke, volatile organic compounds, and allergens from the immediate surrounding of the user. To remain competitive in the market, vendors are offering wearable ionizer with rechargeable batteries, which reduce expenses on battery replacements. For instance, the Air Supply Rechargeable AS-300R Personal Ionic Air ionizer offered by Wein Products uses rechargeable batteries with 28 hours of run-time per charge. Such developments will contribute to the market growth in the forecast period.
Key Air Ionizer Market Challenge
The development of low-cost air ionizer solutions is one of the factors hampering the market growth. Primarily, developed economies adopt advanced air ionizers that are priced much higher than regular air ionizers. The manufacturers of such advanced air ionizers are expected to face challenges due to the emergence of low-cost air ionizer solutions during the forecast period. On the other hand, frugal innovation in emerging economies is leading to the development of low-cost air purification solutions. For instance, in 2013, Smart Air, a China-based startup, developed a do-it-yourself (DIY) , which is priced at about $50. Hence, market vendors will find it difficult to compete with low-cost solution manufacturers, especially in emerging economies, which are expected to lead the adoption of air ionizers during the forecast period.
This air ionizer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading market vendors such as
The global market household appliances market covers revenue generated by manufacturers of electric household appliances and related products. Household appliances include power and hand tools, including garden improvement tools. The global household appliance market is categorized into two segments, namely major household appliances and small household appliances. The global household appliances market excludes televisions and other audio and video products as they are classified under consumer electronics, and personal computers are classified under the technology hardware, storage, and peripherals category.
In this report, we provide extensive information on the value chain analysis for the market. Our data covers all key stages of the market and provides a complete understanding of all aspects of the market value chain. This includes an end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.
41% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the market in APAC. Market growth in this region will be slower than the growth of the market in Europe and North America.
The rising number of automobiles will facilitate market growth in APAC over the forecast period. India and China are among the major emerging economies where the number of cities in the worst air pollution category is increasing. Indoor air quality in these cities is deteriorating. The rising number of automobiles is one of the other prime factors contributing to the rise in air pollution in APAC. In December 2018, the number of cars in China was about 240 million. Thus, the demand for in the country is high. The majority of the population in APAC is price-sensitive. This adversely affects the adoption of ain this region as these devices have a high cost. The high price leads to lower customer awareness and willingness to purchase air ionizers in the region.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 temporarily negatively impacted the growth of the market. However, in 2021, the easing of lockdown restrictions owing to large-scale vaccination drives in different countries in APAC led to the resumption of manufacturing further resulting in the gradual growth of the regional air ionizer market. However, in 2021, the easing of lockdown restrictions owing to large-scale vaccination drives in different countries in APAC led to the resumption of manufacturing of further resulting in the gradual growth of the regional air ionizer market. In addition, the rise in the demand for the installation of air ionizers has been observed in the end-user industries, such as hotels, hospitals, and airports, to prevent the spread of harmful germs and viruses, such as alpha, beta, delta, and omicron variants of COVID-19, which, in turn, will continue to propel the market growth during the forecast period.
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The market share growth in the residential segment will be significant during the forecast period. Due to the continuous rise in pollution levels and the rising consumer awareness, indoor air purification has become a critical aspect of the well-being of households, especially in heavily congested urban cities. Thus, compacts are required for personal use during a commute, particularly in cars. Hence, the demand for is increasing in the residential segment of the market.
The report provides a near-term to long-term perspective on the trends and forecasts horizon for the market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.
Air Ionizer Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.14% |
Market growth 2022-2026 |
$ 900.2 million |
Market structure |
Fragmented |
YoY growth (%) |
6.15 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 41% |
Key consumer countries |
US, Canada, China, Japan, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Air Oasis LLC, Blue Star Ltd, BONECO AG, Coway Co. Ltd., Daikin Industries Ltd, Eureka Forbes Ltd., Faraday Ozone Products Pvt. Ltd, Havells India Ltd, Honeywell International Inc., INCEN AG, KENT RO Systems Ltd., Livpure Pvt. Ltd., OION Technologies, Panasonic Corp, Rabbit Air, Samsung Electronics Co. Ltd., Sharp Corp., Unilever Group, Wein Products Inc, and Winix America Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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