Residential Air Purifier Market Set to grow at a CAGR of 6.0 % by 2024

New York, USA, 2018-Nov-29 — /EPR Network/ —According to Goldstein Research, global residential air purifier market size is expected to reach USD 8.65 billion by 2024, growing at a CAGR of 6.0% over the forecast period 2016-2024. This rising incidences of deaths and various health issues due to air pollution is propelling the demand for residential air purifiers.

Further based on product type segmentation, dust collector product segment dominated the air purifier market share by 44.0% in 2016. Whereas based on geography, the global residential air purifier industry is dominated by North America region growing at a CAGR of 4.0% over the forecast period. Whereas, by the end of the forecast period residential air purifier market is expected to be dominated by Asia Pacific region.

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Market Segmentation

Global Residential Air Purifier Market can be segmented as follows:

Based on Technology

  • High Efficiency Particulate Air (HEPA) Ionizers
  • Ozone Generator
  • Electrostatic Precipitator
  • Others (Activated Carbon, Ultra-Violet(UV) Technology)

Based on Product Type

  • Fume & Smoke Collector
  • Dust Collector

Based on Distribution Channel

  • Online Channel
  • Retail Stores

By Region

  • North America Residential Air Purifier Market Analysis, 2016-2024
  • Europe Residential Air Purifier Market Analysis, 2016-2024
  • Middle East and Africa Residential Air Purifier Market Analysis, 2016-2024
  • Latin America Residential Air Purifier Market Analysis, 2016-2024
  • Asia Pacific Residential Air Purifier Market Analysis, 2016-2024
  • Rest of the World Residential Air Purifier Market Analysis, 2016-2024

“Global Residential Air Purifier Market Outlook 2024” highlights comprehensive overview of the global residential air purifier market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology, product type, distribution channel and geography.

Browse Full Report: https://www.goldsteinresearch.com/report/global-residential-air-purifier-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

The Global Residential Air Purifier Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The comprehensive analysis of residential air purifier market report is drafted as per the clients to help them in assessing their business strategies in the competitive environment.

Major players of the global residential air purifier market analyzed in the report are 3M Corporation, Whirlpool, Philips, Daikin, Sharp Corporation, Honeywell, Blueair, Kenmore, Hunter, Panasonic, etc.

Further, Global Residential Air Purifier Market Report encompasses the key factors driving the growth of the market, opportunities in the market and the factors posing threats & challenges to the market. The Residential Air Purifier Market Analysis Outlook also comprises the market dynamics, risk analysis, SWOT analysis, USP analysis, BPS Analysis & market attractiveness. Report further also includes the expert analysis and remarks showcasing the complete overview of the market based on intensive analysis of political, economic, social, technological, environmental & legal factors of each region in the market.

Global residential air purifier market is further bifurcated in various segments with separate market analysis mentioned below:

South Korea Consumer Electronics Market

South Korea is a technology developed country and has huge technology penetration in the country. With the advancing technology, there is trend of smart offices and smart homes, and consumer electronics are vital part of it such as smart TV, smart refrigerator, smart air conditioners and more.  South Korea consumer electronics industry is set to reach USD 15.3 billion by 2024, growing at a CAGR of 7.6% over the forecast period (2017-2025).

Consumer Electronics Industry in India

India is a technology developing country and has increasing technology penetration at a rate of around 15% in 2017. With the advancing technology, there is a trend of smart offices and smart homes, where consumer electronics is an important part of it. India consumer electronics industry is set to reach USD 17.2 billion by 2024, growing at a CAGR of 5.91% over the forecast period (2017-2025).

Europe Consumer Electronics Industry

Europe has matured consumer electronic industry and it is supported by high technology connectivity environment. Goldstein Research analyst forecast that the Europe consumer electronics industry is set to reach USD 95.4 billion by 2024, growing at a CAGR of 7.1% over the forecast period (2016-2024).

North America Consumer Electronics Industry

North America consumer electronic industry is largely mature and being a technology developed country, it has huge penetration in the majority household in the country. Goldstein Research analyst forecast that the North America consumer electronics industry is set to reach USD 110 billion by 2024, growing at a CAGR of 6.5% over the forecast period (2017-2025).

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