#Covid-19 Impact on Ambient Assisted Living Market
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Covid-19 Impact on Ambient Assisted Living Market 2020 Material, Production, Geography 2020 analysis and Forecast 2027
Market Research Future published a research report on “Covid-19 Impact on Ambient Assisted Living Market Research Report - Global Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
Market Insights
Ambient assisted living is a part of ambient intelligence technology which is growing at a very rapid pace. Ambient intelligence refers to computing technology which is highly sensitive and responsive to the presence of people. This is the technology which is making smart homes a reality, however, the applications are wide and varied, and among them is ambient assisted living. Ambient assisted living is designed as a smart home system that is especially focused on providing aid to consumers of the geriatric demographic. Market Research Future has released a report which examines the details and growth patterns displayed by the Covid-19 Impact on Ambient Assisted Living Market. Valued at USD 2 Bn in 2017 the global market is on track to achieve a CAGR of 19% during the assessment period from 2018 to 2027. This is predicted to result in a market value estimated at USD 13 Bn by the end of 2027.
The growing demand for managed care and the availability of well-developed assisted living facilities have led to the demand for better care of the elderly population. With age, there are often a number of health risks that require constant monitoring. Ambient assisted living is expected to tackle several problems with assisted living and provide a higher level of care. Notably, the advancement in IoT technologies and adoption of smart homes including the easy availability of relevant equipment has given rise to the demand for ambient assisted living. The sophistication of smart devices and smart homes is driving the market. Moreover, many people are concerned with the management of their elderly relatives or parents care. Development of ambient assisted living to support this is also driving growth. Local governments in various countries are actively engaging and supporting the adoption of ambient assisted living. The geriatric population across the globe is rising and with it the number of degenerative diseases that are prevailing. The market for ambient assisted living is expected to evolve over various stages with the first generation being wearable devices, emergency response systems and user initiated alarms. The next-gen includes home sensors and automatic response systems to maintain the safety of elderly consumers.
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Key Players
The Global Ambient Assisted Living Market consist of large number of players including - Assisted Living Technologies, Inc. (U.S.), Honeywell International, Inc. (U.S.), Siemens AG (Germany), Ingersoll Rand Plc. (Ireland), Legrand SA (France), ABB Group (Switzerland), Gnomon Informatics S.A. (Greece), Chubb Community Care (U.K.), Televic N.V. (Belgium), Telbios (Italy), and Panasonic Corporation (Japan).
Segmentation
MRFR’s report includes a thorough segmental analysis of the global ambient assisted living market based on services, sensors and system.
Based on services, the market has been segmented into installation & repair, and customization & renovation. Based on sensors, the market has been segmented into occupancy sensors, temperature sensors and others. The occupancy sensors segment commanded the highest market share in 2017 and a similar trend was noticed in 2018. Meanwhile, the temperature sensors segment is projected to exhibit a relatively faster CAGR during the forecast period. On the basis of system, the market has been segmented into communication system, power management system, transportation and communication system, safety and security system, entertainment, medical assistance system and others. The communication system segment accounts for a significant share of the market. The medical assistance systems segment is also projected to remain lucrative in the forthcoming years. In addition, the segment is projected to post a strong CAGR of 22% during the forecast period.
Regional Analysis
On the basis of region, the global ambient assisted living market has been segmented into Europe, Asia Pacific (APAC), North America and the Rest of the World (RoW). North America accounts for the most significant market share in terms of revenue. Rising boom in smart homes across North America and high technical expertise are two of the major factors driving the market growth in North America. The U.S. makes the largest contribution to the market in North America in terms of revenue. North America is followed by Europe and Asia Pacific (APAC). In addition, the market in Europe is expected to capture the highest CAGR during the forecast period. Growth of the market in APAC will be primarily driven by the fast expansion of telecom networks and increasing investment in smart city projects.
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TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of The Study
1.2.1 Research Objective
1.2.2 Assumption
1.2.3 Limitation
1.3 Market Structure
2 Research Methodologies
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Dynamics
3.1 Introduction
3.2 Market Growth Factors
3.2.1 Advancement And Adoption Of Smart Home Technology
3.2.2 Growing Demand Of Managed Care For Old Age Population
Continued…
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Global Sports Nutrition in Ukraine market Research Report Forecast year 2021-2026
In line with global trends, Ukrainian consumers, especially the young and middle-aged, are increasingly striving for more active lifestyles and fitness. Whilst wellness and long-term prevention are strong motives, the culture of having a fit body, which is much covered in the media and via online resources such as Instagram, also motivates people to become sports enthusiasts. However, sports nutrition was heavily affected in 2020 with the arrival of COVID-19. Almost the entire second quarter of...
Also Read: http://www.marketwatch.com/story/global-hydraulic-tools-market-research-report-2021-market-size-share-value-and-competitive-landscape-forecast-year-2021-03-13
Euromonitor International's Sports Nutrition in Ukraine report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2015-2019, allowing you to identify the sectors driving growth. Forecasts to 2024 illustrate how the market is set to change.
Product coverage: Sports Non-Protein Products, Sports Protein Products.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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Table of Content
Sports Nutrition in Ukraine
Euromonitor International
November 2020
Also Read: http://www.marketwatch.com/story/global-ambient-assisted-living-industry-market-research-report-2021-market-size-share-value-and-competitive-landscape-forecast-year-2021-03-16
List OF CONTENTS AND TABLES
KEY DATA FINDINGS
2020 IMPACT
Sports nutrition suffers as economising consumers go without, despite increased interest in sports and healthy lives
Sports protein powder the main category due to budget-friendly pricing
Fragmentation due to uneven supplies, but brand awareness is rising
RECOVERY AND OPPORTUNITIES
New entrants set to create growth opportunities in sports nutrition
Continued growth expected due to better knowledge about sports nutrition
Counterfeiting could negatively affect the image of sports nutrition
CATEGORY DATA
Table 1 Sales of Sports Nutrition by Category: Value 2015-2020
Table 2 Sales of Sports Nutrition by Category: % Value Growth 2015-2020
Table 3 NBO Company Shares of Sports Nutrition: % Value 2016-2020
Table 4 LBN Brand Shares of Sports Nutrition: % Value 2017-2020
Table 5 Forecast Sales of Sports Nutrition by Category: Value 2020-2025
Table 6 Forecast Sales of Sports Nutrition by Category: % Value Growth 2020-2025
Also Read: http://www.marketwatch.com/story/shipping-software-market-by-type-by-application-by-segmentation-by-region-and-by-country-2021-2021-03-16
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Global Ambient Intelligence Market research report provides excellent vision to analysis Global as well as regional industry. This research report delivers a detailed analysis of distinguishable strategies for industrial growth that will help to determine commanding segments and know distinct factors. Scope of different segments and applications that can potentially influence the global Ambient Intelligence market in the future has been analyzed further in the report. The report acknowledges major industry vendors, key regions, demand & supply, applications, innovations, revenue cost, and challenges. The report covers trends, restraints, and drivers that transform the global Ambient Intelligence market in either a positive or negative manner.
The Ambient Intelligence Market research report presents a comprehensive analysis of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It additionally contains projections applying a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry by considering major players.
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Key players in the global Ambient Intelligence market covered in Chapter 4:
Honeywell International Inc.
Siemens AG
Chubb Community Care
Schneider Electric S.E.
Assisted Living Technologies Inc.
ABB Group
Medic4all Group
Ingersoll-Rand PLC
Caretech Ab
Getemed Medizin- Und Informationstechnik AG
Legrand SA
Televic N.V.
Koninklijke Philips N.V.
Vitaphone GmbH
Tunstall Healthcare Ltd.
In Chapter 11 and 13.3, on the basis of types, the Ambient Intelligence market from 2015 to 2026 is primarily split into:
Hardware
Software
Services
In Chapter 12 and 13.4, on the basis of applications, the Ambient Intelligence market from 2015 to 2026 covers:
Residential
Industrial
Banking, Finance, and Insurance (BFSI)
Healthcare
Retail
Corporate
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2015-2026) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10, 13:
North America (Covered in Chapter 6 and 13)
United States
Canada
Mexico
Europe (Covered in Chapter 7 and 13)
Germany
UK
France
Italy
Spain
Russia
Others
Asia-Pacific (Covered in Chapter 8 and 13)
China
Japan
South Korea
Australia
India
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 9 and 13)
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Others
South America (Covered in Chapter 10 and 13)
Brazil
Argentina
Columbia
Chile
Others
Regional scope can be customized
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Some Point of Table of Content:
Chapter One: Report Overview
Chapter Two: Global Market Growth Trends
Chapter Three: Value Chain of Ambient Intelligence Market
Chapter Four: Players Profiles
Chapter Five: Global Ambient Intelligence Market Analysis by Regions
Chapter Six: North America Ambient Intelligence Market Analysis by Countries
Chapter Seven: Europe Ambient Intelligence Market Analysis by Countries
Chapter Eight: Asia-Pacific Ambient Intelligence Market Analysis by Countries
Chapter Nine: Middle East and Africa Ambient Intelligence Market Analysis by Countries
Chapter Ten: South America Ambient Intelligence Market Analysis by Countries
Chapter Eleven: Global Ambient Intelligence Market Segment by Types
Chapter Twelve: Global Ambient Intelligence Market Segment by Applications
Chapter Thirteen: Ambient Intelligence Market Forecast by Regions (2020-2026)
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Post COVID-19, The smart home market is estimated to grow from USD 25.38 Billion in 2015 to USD 56.18 Billion by 2020, at a CAGR of 17.2% between 2015 and 2020.
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Ambient Assisted Living and Smart Home Market Precise Analysis On Business Overview, Product Scope
Ambient assisted living and smart homes provide a comfortable standard of living. Ambient assisted living refers to the assistance of technology, electronic systems, products and services which guide and uplift the daily lives of people who need support and help those who demand a better and improved standard of living. This concept is comparatively new in the information, communications and technology sector which helps the daily life of people especially the elderly for independent and monitored living. Smart homes refer to automation of homes which are equipped with information and computing technology devices which respond to the owners’ requirement in a much more efficient manner. Smart homes control and monitor air conditioning and security systems, lighting, and home appliances such as ovens, dryers, refrigerators and others, ventilation, control of heating and others with the help of Wi-Fi and internet of things. The global ambient assisted living and smart home market is fragmented with the presence of numerous large scale and medium scale companies operating in the market.
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In developed countries such as North America and Europe, the old age dependency ratio, which is the number of elderly population with respect to the working population is rising. This demographic change is being recognized and the problem is increasingly being addressed both from the societal and economic point of view. To support the aging population, governments of these developed nations have prioritized ambient assisted living and smart homes to enable the aging population to live longer, healthier, and active and remain socially connected. This factor is expected to majorly drive the growth trajectories of the global ambient assisted and smart home market. Further, increasing mobility allowing more people to get connected with electronic devices and gadgets in their homes coupled with increasing consumer acceptance to use these features (which is in turn supported by a higher purchasing power, are some of the major factors projected to help drive the growth of the market over the forecast period. The ease of monitoring and controlling home appliances with improved efficiency and at any point of time will increase consumers’ acceptance to use ambient assisted living and smart homes and therefore push the growth of the market. Advent of internet of things coupled with drop in prices of Wi-Fi routers are also likely to help drive the growth of the market.
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COVID-19 Pandemic Results in Infodemic
In wake of pandemic COVID-19, various cases of cyber scam and message hack have been reported. In a newsletter, the World Health Organization has warned against cyber-crimes occurring under banner of the organization. The esteemed health organization has termed such crimes as ‘infodemic’. In past few weeks, report of phishing attacks through malicious files and links have come across.
To prevent such attacks, companies operating in the messaging security market have been trying to alert the uses by informing them obvious signs of cyber-attacks. Besides, the companies are also bringing innovation in cloud security solutions
These factors are, conjointly, propelling messaging security market.
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Residential Air Purifiers Market worth USD 13.6 billion by 2025 : Increasing Urbanization & Indoor Air Pollution
The growing awareness among consumers regarding air purification in the wake of COVID-19 is an opportunity for air purifier retailers to scale up their sales. Some companies are increasing the production of air quality systems with the addition of different technologies such as High-Efficiency Particulate Air (NASDAQ:HEPA) filters, photocatalytic purifiers, activated carbon purifiers, and ionic filters.
[131 Pages Report] The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2% during the forecast period.
Market Dynamics
Growing popularity of smart homes
Increasing urbanization and indoor air pollution
Supportive government regulations for effective air pollution monitoring and control
Increasing public awareness pertaining to the healthcare implications of air pollution
COVID-19 Impact on Global Residential Air Purifiers Market
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns. Consequently, manufacturers have displayed confidence in being able to provide a solution for indoor environments, during the outbreak, which will sustain demand for the near future.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40172748
Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arrestence or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the larger market share in 2019. The growing concern for environmental sustainability, increasing public awareness pertaining to the healthcare implications of air pollution, and the growing popularity of smart homes/ambient-assisted living has resulted in the increased adoption of the HEPA technology in the residential air purifiers market.
The geographical regions mapped in the report are:1. North America2. Europe3. Asia-Pacific4. RoW5. Latin America6. Middle East & Africa
Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.
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Some key players mentioned in the research report are:
The top market players in the global residential air purifiers market include Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (NASDAQ:UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), WINIX Co., Ltd. (South Korea), Xiaomi Corporation (CHINA), Camfil AB (Sweden), Alen Corporation (US), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), and HSIL Limited (India).
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Residential Air Purifiers Market : Increasing Urbanization & Indoor Air Pollution
The growing awareness among consumers regarding air purification in the wake of COVID-19 is an opportunity for air purifier retailers to scale up their sales. Some companies are increasing the production of air quality systems with the addition of different technologies such as High-Efficiency Particulate Air (NASDAQ:HEPA) filters, photocatalytic purifiers, activated carbon purifiers, and ionic filters.
[131 Pages Report] The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2% during the forecast period.
Market Dynamics
Growing popularity of smart homes
Increasing urbanization and indoor air pollution
Supportive government regulations for effective air pollution monitoring and control
Increasing public awareness pertaining to the healthcare implications of air pollution
COVID-19 Impact on Global Residential Air Purifiers Market
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns. Consequently, manufacturers have displayed confidence in being able to provide a solution for indoor environments, during the outbreak, which will sustain demand for the near future.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40172748
Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arrestence or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the larger market share in 2019. The growing concern for environmental sustainability, increasing public awareness pertaining to the healthcare implications of air pollution, and the growing popularity of smart homes/ambient-assisted living has resulted in the increased adoption of the HEPA technology in the residential air purifiers market.
The geographical regions mapped in the report are:1. North America2. Europe3. Asia-Pacific4. RoW5. Latin America6. Middle East & Africa
Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.
Request for sample pages @https://www.marketsandmarkets.com/requestsampleNew.asp?id=40172748
Some key players mentioned in the research report are:
The top market players in the global residential air purifiers market include Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (NASDAQ:UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), WINIX Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Alen Corporation (US), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), and HSIL Limited (India).
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Residential air purifiers market worth $13.6 billion : Growing popularity of smart homes
The growing awareness among consumers regarding air purification in the wake of COVID-19 is an opportunity for air purifier retailers to scale up their sales. Some companies are increasing the production of air quality systems with the addition of different technologies such as High-Efficiency Particulate Air (NASDAQ:HEPA) filters, photocatalytic purifiers, activated carbon purifiers, and ionic filters.
[131 Pages Report] The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2% during the forecast period.
Market Dynamics
Growing popularity of smart homes
Increasing urbanization and indoor air pollution
Supportive government regulations for effective air pollution monitoring and control
Increasing public awareness pertaining to the healthcare implications of air pollution
COVID-19 Impact on Global Residential Air Purifiers Market
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns. Consequently, manufacturers have displayed confidence in being able to provide a solution for indoor environments, during the outbreak, which will sustain demand for the near future.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40172748
Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arrestence or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the larger market share in 2019. The growing concern for environmental sustainability, increasing public awareness pertaining to the healthcare implications of air pollution, and the growing popularity of smart homes/ambient-assisted living has resulted in the increased adoption of the HEPA technology in the residential air purifiers market.
The geographical regions mapped in the report are:1. North America2. Europe3. Asia-Pacific4. RoW5. Latin America6. Middle East & Africa
Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.
Request for sample pages @https://www.marketsandmarkets.com/requestsampleNew.asp?id=40172748
Some key players mentioned in the research report are:
The top market players in the global residential air purifiers market include Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (NASDAQ:UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), WINIX Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Alen Corporation (US), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), and HSIL Limited (India).
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COVID-19 Impact on Global Residential Air Purifiers Market : Increasing urbanization & indoor air pollution
According to our findings, the residential air purifiers market is expected to grow at an approximate CAGR of 8-10% during the next two years. According to our analysis, the below factors are playing a key role in shaping the growth of the global market.
The growing awareness among consumers regarding air purification in the wake of COVID-19 is an opportunity for air purifier retailers to scale up their sales. Some companies are increasing the production of air quality systems with the addition of different technologies such as High-Efficiency Particulate Air (HEPA) filters, photocatalytic purifiers, activated carbon purifiers, and ionic filters.
[131 Pages Report] The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2% during the forecast period.
The growth of this market is majorly driven by the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution.
Also, the need for an energy-efficient air purifier and R&D being undertaken to bring innovative products to the market is aiding the market growth. However, the high cost of these products and technical limitations associated with air quality monitoring products are expected to restrain the growth of this market during the forecast period.
Market Dynamics
Growing popularity of smart homes
Increasing urbanization and indoor air pollution
Supportive government regulations for effective air pollution monitoring and control
Increasing public awareness pertaining to the healthcare implications of air pollution
COVID-19 Impact on Global Residential Air Purifiers Market
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns. Consequently, manufacturers have displayed confidence in being able to provide a solution for indoor environments, during the outbreak, which will sustain demand for the near future.
Get a sample PDF copy of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40172748
Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arrestence or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the larger market share in 2019. The growing concern for environmental sustainability, increasing public awareness pertaining to the healthcare implications of air pollution, and the growing popularity of smart homes/ambient-assisted living has resulted in the increased adoption of the HEPA technology in the residential air purifiers market.
The geographical regions mapped in the report are:
1. North America
2. Europe
3. Asia-Pacific
4. RoW
5. Latin America
6. Middle East & Africa
Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.
Get Sample Report @https://www.marketsandmarkets.com/requestsampleNew.asp?id=40172748
Some key players mentioned in the research report are:
The top market players in the global residential air purifiers market include Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), WINIX Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Alen Corporation (US), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), and HSIL Limited (India).
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COVID-19 Impact on Global Residential Air Purifiers Market : Increasing urbanization and indoor air pollution
According to our findings, the residential air purifiers market is expected to grow at an approximate CAGR of 8-10% during the next two years. According to our analysis, the below factors are playing a key role in shaping the growth of the global market.
The growing awareness among consumers regarding air purification in the wake of COVID-19 is an opportunity for air purifier retailers to scale up their sales. Some companies are increasing the production of air quality systems with the addition of different technologies such as High-Efficiency Particulate Air (HEPA) filters, photocatalytic purifiers, activated carbon purifiers, and ionic filters.
[131 Pages Report] The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2% during the forecast period.
The growth of this market is majorly driven by the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution.
Also, the need for an energy-efficient air purifier and R&D being undertaken to bring innovative products to the market is aiding the market growth. However, the high cost of these products and technical limitations associated with air quality monitoring products are expected to restrain the growth of this market during the forecast period.
Market Dynamics
Growing popularity of smart homes
Increasing urbanization and indoor air pollution
Supportive government regulations for effective air pollution monitoring and control
Increasing public awareness pertaining to the healthcare implications of air pollution
COVID-19 Impact on Global Residential Air Purifiers Market
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns. Consequently, manufacturers have displayed confidence in being able to provide a solution for indoor environments, during the outbreak, which will sustain demand for the near future.
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Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arrestence or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the larger market share in 2019. The growing concern for environmental sustainability, increasing public awareness pertaining to the healthcare implications of air pollution, and the growing popularity of smart homes/ambient-assisted living has resulted in the increased adoption of the HEPA technology in the residential air purifiers market.
The geographical regions mapped in the report are:
1. North America
2. Europe
3. Asia-Pacific
4. RoW
5. Latin America
6. Middle East & Africa
Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.
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Some key players mentioned in the research report are:
The top market players in the global residential air purifiers market include Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), WINIX Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Alen Corporation (US), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), and HSIL Limited (India).
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COVID-19 Impact on Global Residential Air Purifiers Market : Increasing urbanization & indoor air pollution
According to our findings, the residential air purifiers market is expected to grow at an approximate CAGR of 8-10% during the next two years. According to our analysis, the below factors are playing a key role in shaping the growth of the global market.
The growing awareness among consumers regarding air purification in the wake of COVID-19 is an opportunity for air purifier retailers to scale up their sales. Some companies are increasing the production of air quality systems with the addition of different technologies such as High-Efficiency Particulate Air (HEPA) filters, photocatalytic purifiers, activated carbon purifiers, and ionic filters.
[131 Pages Report] The residential air purifiers market is projected to reach USD 13.6 billion by 2025 from USD 9.2 billion in 2020, at a CAGR of 8.2% during the forecast period.
The growth of this market is majorly driven by the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution.
Also, the need for an energy-efficient air purifier and R&D being undertaken to bring innovative products to the market is aiding the market growth. However, the high cost of these products and technical limitations associated with air quality monitoring products are expected to restrain the growth of this market during the forecast period.
Market Dynamics
Growing popularity of smart homes
Increasing urbanization and indoor air pollution
Supportive government regulations for effective air pollution monitoring and control
Increasing public awareness pertaining to the healthcare implications of air pollution
COVID-19 Impact on Global Residential Air Purifiers Market
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns. Consequently, manufacturers have displayed confidence in being able to provide a solution for indoor environments, during the outbreak, which will sustain demand for the near future.
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Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arrestence or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the larger market share in 2019. The growing concern for environmental sustainability, increasing public awareness pertaining to the healthcare implications of air pollution, and the growing popularity of smart homes/ambient-assisted living has resulted in the increased adoption of the HEPA technology in the residential air purifiers market.
The geographical regions mapped in the report are:
1. North America
2. Europe
3. Asia-Pacific
4. RoW
5. Latin America
6. Middle East & Africa
Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.
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Some key players mentioned in the research report are:
The top market players in the global residential air purifiers market include Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), WINIX Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Alen Corporation (US), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), and HSIL Limited (India).
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