U.S. residential air purifiers market will hit USD 2.72 billion by 2021, growing at a CAGR of 5.07% from 2016 to 2021.
The report covers forecast and analysis for the residential air purifiers market in U.S. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on both volume (Thousand Units) and revenue (USD Million). Additionally, the report includes the study of opportunities available in the residential air purifiers market in the U.S.
In order to give the thoughtful view on the residential air purifiers market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the residential air purifiers market has also been included. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view on the residential air purifiers market by segmenting the market based on types and four major regions. HEPA, Ion and ozone generators, electrostatic precipitators and others including activated carbon, ozone etc.are the type segments of the residential air purifiers market. The regional segmentation includes the current and forecast demand forSouth, West, Midwest and Northeast region. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The report covers detailed competitive outlook including company profiles of the key participants operating in the U.S. market. Key players profiled in the report includeAustin Air, Blueair, Honeywell, IQAir, and Sharp.
The report segments the U.S. residential air purifiers market into:
U.S. Residential Air Purifiers Market: Type Segment Analysis
U.S. Residential Air Purifiers Market: Region Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Residential Air Purifiers market. Zion Research has collected and analyzed key data belong to the global Residential Air Purifiers market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Residential Air Purifiers across the world has been calculated through primary and secondary research.
Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Residential Air Purifiers industry. Primary research makes up major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Residential Air Purifiers market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
An air purifier is a device generally used to clean the indoor air by removing unwanted dust and microbes. Growing importance of better indoor air quality and rising concerns over health-related issues such as asthma and allergies has propelled the demand for air purifiers in the U.S. Most common types of air purifier typically involve a filtering material, sealant, frame, faceguard, and gasket. Most common type of air purifiers are high-efficiency particulate air (HEPA), ion and ozone generators, electrostatic purifiers, UV technology, activated carbon technology among others.
The major driving factor for residential air purifier market is growing awareness about air pollution and other health related issues created due to the increasing use of vehicles, urbanization etc. Increasing construction activities in U.S. over the past couple of years increases the demand of residential air purifiers rapidly. Moreover, government regulations on environmental protection, especially by the EPA (The United States Environmental Protection Agency) fueled the residential air purifier market. However, this market is experiencing low-profit margins due to increased competition and volatile prices of raw materials.
HEPA, Ion and ozone generators, electrostatic precipitators and others are the type segment of residential air purifiers market. Among all, HEPA technology accounted for the largest share of the residential air purifiers market in 2015. It accounted for 44.72% share of the market.
The U.S. residential air purifier market is segmented into four major regions including South, West, Midwest, and Northeast. The demand for residential air purifier was highest in South region and accounted for more than 30% of the total market share in 2015.
Some of the key player for U.S. residential air purifier marketincludesAustin Air, Blueair, Honeywell, IQAir, and Sharp. Recently one of the leading manufacturers, Honeywell launched new Bluetooth Smart True HEPA (high-efficiency particulate air) allergen removers that can easily connect to user handset.