In 2021, the global air purifier market was valued at approximately USD 11.5 billion. The industry is experiencing rapid growth as companies introduce technologically advanced air purifiers equipped with various wireless technologies. By 2032, the market is expected to reach USD 26.0 billion, showcasing a Compound Annual Growth Rate (CAGR) of 7.8% from 2022 to 2032.

In today’s consumer electronics market, products are often certified with ratings that indicate their energy-saving capabilities. Appliances such as refrigerators, heating and cooling devices, kitchen appliances, electronics, and more, collectively account for over 81% of energy consumption. Air purifiers that are ENERGY STAR certified are approximately 27% more energy-efficient compared to standard models, resulting in cost savings for consumers on their utility

People are becoming more aware about their health and fitness as a result of increasing health awareness. The impact of air pollution in causing respiratory disorders, such as acute respiratory infections and chronic obstructive pulmonary disease, is well established. Because industrialization, urbanization, and contemporary lifestyles cannot be compromised on, strategies to reduce emissions and reverse the problem of poor air quality are gaining traction. Air purifiers are proving to be the most promising solution for addressing poor air quality.

Request a Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14224

The air purifier market has seen a lot of claims made by manufacturers in order to promote their brand and level up the competition. As a matter of fact, consumer purchase patterns are often influenced by company claims.

Producers and brand owners have focusing on improving efficiency and efficacy of their products to woo increasing number of consumers. LG, for example, stated that in 2020, it will produce a one-of-a-kind cover for the PuriCare Wearable Air Purifier that will use the company’s UV nano sterilisation technology to kill 99.99 percent of germs in under 30 minutes using UV-C LED rays.

Air Purifier Market Outlook Compared to Growth Registered in 2016-2020

The outbreak of the novel COVID-19 dampened sales prospects due to restrictions impos4ed on, which also caused disruptions in supply chains activities across various industries. Contrary to this, the unprecedented pandemic outbreak also made people more cautious about air they breathe.

The focus on disinfection and living in a hygienic environment was at its peak during COVID-19, which has helped the air purifier market to recuperate from the pandemic-induced restrictions.

In the coming years, the demand for air purifier will get stronger, especially as consumers exhibit higher willingness to maintain healthy indoor air quality. Driven by this, the global air purifier market will exhibit 11.3% CAGR between 2021 and 2031 in comparison to 8.5% CAGR exhibited in 2016-2020.

The demand for air purifier for home and offices is predicted to increase significantly over the forecast period. Increasing online penetration of leading air purifier manufacturers will also aid growth in the market.