Global Residential Portable Air Purifier Market 2018-2022

Global residential portable air purifier market forecast

Technavio’s market research analysts have identified the technological innovations and portfolio extension and product premiumization to be one of the primary factors that will trigger the growth of the residential portable air purifier market in the coming years. The deterioration in the air quality of both indoor and outdoor environments has increased the demand for improved cleaning technology among consumers. Vendors operating in this sector are keen to grab this opportunity and are focused on product innovation and portfolio extension to solicit sizable market share. In recent times, the health-conscious consumers are ready to purchase innovative air purifiers at a premium price that require limited maintenance. HPA204 air purifier is an innovative initiative taken by Honeywell International, which has the capability to catch 99.25%-99.95% of microscopic allergens of 0.30 microns from the air. Moreover, this device is energy-efficient and helps in the reduction of volatile organic compounds (VOCs) and certain airborne germs. According to residential portable air purifier industry analysis, our market research analysts estimate that this market will grow steadily at a CAGR close to 7% by 2022.

Based on the portable air purifier industry analysis, the increasing demand for energy-efficient air purifiers is one of the key residential portable air purifier market trends in the residential portable air purifier market. Owing to the rise in the electricity cost, the consumers are concerned about the energy consumption by residential air purifiers. The room air purifier consumes high energy as they help in minimizing the humidity, remove external pollution, enhance air quality, and improves the comfort level. These factors have compelled the customers to look for energy-efficient residential air purifiers.

Companies covered

The residential portable air purifier market is fragmented due to the presence of several international and regional players. This industry research report provides an in-depth analysis of the competitive environment in the home air purifier market among the leading vendors. Moreover, our analysts also provide key areas that the vendors should focus to sustain the competitive environment and gain maximum portable air purifier market share.

The report includes an analysis of a number of companies in this marketspace including

• DAIKIN INDUSTRIES
• Honeywell International
• Koninklijke Philips
• Panasonic Corporation
• SHARP CORPORATION

Segmentation by technology and analysis of the residential portable air purifier market

• HEPA technology
• Electrostatic precipitators
• Ionizers and ozone generators

The HEPA technology accounted for the major share of the home air purifier market during 2017. During the forecast period, the market is expected to grow in this segment.

Geographical segmentation and analysis of the residential portable air purifier market

• Americas
• APAC
• EMEA

The Americas accounted for the maximum shares of the home air purifier market during 2017. Our analysts have predicted that the Americas will witness steady growth in the next five years due to the increasing demand for the portable air purifier.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global residential portable air purifier market?
• What are the key market trends impacting the growth of the global residential portable air purifier market?
• What are the challenges to market growth?
• Who are the key vendors in the global residential portable air purifier market?
• What are the market opportunities and threats faced by the vendors in the global residential portable air purifier market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global residential portable air purifier market?

Technavio also offers customization on reports based on specific client requirement.