Rising Demand for Sustainable Product and Outbreak of Covid-19 to Bolster Growth of the Air Purifier Market TMR
- Demand for air purifiers is majorly foreseen to rise owing to increasing health concerns amongst people. Research and development activities are expected to play an important role in launching new products in the markets
- Manufacturers are emphasizing on the development of their sales channel, marketing, and distribution to improve their product reach
ALBANY, N.Y., March 2, 2021 /PRNewswire/ -- In homes and enclosed spaces, air purifiers assist in decreasing airborne toxins such as viruses or bacteria, which are estimated to support growth of the global air purifier market. On the other hand, portable air purifiers have been found to be ineffective in protecting consumers from SARS-CoV-2 induced coronavirus. As a result, air purifier manufacturers are spreading awareness about the fact that air cleaners should be utilized in combination with other guidelines of CDC (Centers for Disease Control and Prevention) to effectively fight the ill-effects of the novel infection.
Since medium and low-income groups are slow to spend money on non-essential goods and equipment, companies in the air purifier industry are likely to offer lucrative opportunity. Relaxation of travel and trade sanctions is expected to boost business sales and the world economy. The restarting of production plants helps in the alleviation of supply chain bottlenecks. This factors are likely to support development of the global air purifier market in the years to come.
Due to a variety of reasons, the global air purifier market is projected to rise at an annual rate of 8% during the projected timeline. Several factors are influencing the global air purifier market, including growing health concerns and declining quality of the air. During the forecast timeframe, the global air purifier market is expected to be driven by manufacturers' innovations in product offerings and services, as well as penetration in developing countries.
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Key Findings of Market Report
- HEPA-based Air Purifiers to Spell Growth for the Market
Air purifiers are becoming increasingly common for removing allergens including pet odour and dust. However, it is necessary to bear in mind that such devices need regular maintenance and daily cleaning. In certain cases, these systems are unsuccessful at completely extracting odours and gases. As a consequence, air purifier manufacturers and startup air purifier companies are concentrating on coming up with HEPA (High Performance Particulate Air)-based purifiers, which are rapidly becoming the gold standard for creating safe environments. These factors are likely to augur well for the global air purifier market in the near future.