NEW YORK, June 14, 2016 /PRNewswire/ --
Growing Vehicular and Industrial Pollution, Coupled With Surging Incidences of air Borne Diseases and Introduction of Advanced air Purification Technologies to Boost Sales of air Purifiers Globally
According to a recently released TechSci Research report, "Global Air Purifiers Market By Filter Type, By End Use Sector, By Region, Competition Forecast and Opportunities, 2011 - 2021", the global air purifiers market is projected to cross $ 59 billion by 2021, on account of continuously rising level of pollution and growing health consciousness among consumers, globally. With expanding vehicle fleet, the air pollution levels across the globe have been increasing at a robust pace, which is exposing people to high risk of contracting respiratory and other cardiovascular diseases.
Browse 17 market data Tables and 183 Figures spread through 255 Pages and an in-depth TOC on "Global Air Purifiers Market "
According to the International Monetary Fund (IMF), global growth was estimated at 3.1% in 2015, and it is projected to be 3.4% in 2016 and 3.6% in 2017. In advanced economies, a modest recovery is expected to continue; while emerging and developing economies are forecast to register higher growth over the next five years, as indicated by the IMF. Hence, with improving economic scenario, the disposable income is anticipated to increase, globally, and people will be more inclined towards purchasing products like air purifiers in the coming years.
US dominated the global air purifiers market in 2015, and is anticipated to maintain its dominance over the next five years as well. However, the air purifiers market in Asia-Pacific region is expected to register fastest growth during the forecast period. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), around 43.85 million vehicles were present in Asia-Pacific region in 2015, clearly indicating the high pollution levels in the region. Moreover, developing countries such as China and India are expected to hugely contribute to the growth of air purifiers market in this region through 2021.
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"Around 40% of the world's population has internet connectivity, and the number of internet users has increased tenfold between 1999 and 2013. Demand for price-competitive and innovative products is emerging, and to grab this opportunity many new entrants as well as existing players have adopted aggressive marketing through online sales platforms so as to improve availability as well as accessibility of their products. Moreover, technological advancements in the air purifiers category has considerably increased online sales across several developed and developing nations of the world.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Air Purifiers Market By Filter Type, By End Use Sector, By Region, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of air purifiers market at global level and provides statistics and information on market structure, market size, share and forecast for air purifiers market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluations. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities available in global air purifiers market.
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