BURNABY, Canada, June 19, 2015 /PRNewswire/ --
Increasing air borne diseases on account of rising air pollution coupled with improved standard of living to boost global air purifiers market through 2020
According to recently published TechSci Research report, "Global Air Purifiers Market Forecast & Opportunities, 2020", global air purifiers market is projected to witness growth at a CAGR of over 14% through 2020. The market is anticipated to grow on account of continuously rising level of pollution and increasing health consciousness among people. Due to rising air pollution, people are more exposed to high risk of contracting respiratory and other cardiovascular diseases, increasing health concerns among people globally. Moreover, with increasing disposable income, people are more predisposed towards purchasing products like air purifiers.
Global air purifiers market is dominated by HEPA based air purifiers, which accounted for the largest share in the market in 2014. This segment is anticipated to maintain its dominance in the market over the next five years. Activated carbon based air purifiers, ion and ozone based air purifiers and electrostatic precipitator based air purifiers are other segment witnessing growth in the market. Over time patented technologies such as Ultra-efficient Formaldehyde Catalytic Oxidation (UFCO), plasma-cluster technology, nanoeG, HEPA Silent technology and photo-catalysis are also expected to gain stronger foothold in the global market.
"Air purifiers are devices efficient in removing bacteria, viruses and various matter particulates present in indoor air. These products are different from air cleaners in their application, size, cost and area of purification. With depleting air quality and increasing prevalence of various air-borne diseases, air purifiers are emerging as high utility products. Instead of being a luxury product, air purifiers are now being viewed as a necessity due to rising air pollution across cities and towns. Commercial as well residential users are increasingly adopting air purifiers for maintaining a cleaner, less-polluted environment.", said Mr. Karan Chechi, Research Director with TechSci Research, a global management consulting firm.
"GlobalAir Purifiers Market Forecast & Opportunities, 2020" has evaluated the future growth potential of air purifiers market across the globe, and provides statistics and information on market structure, size, trends, etc. The report includes air purifiers market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities prevailing in global air purifiers market.
About TechSci Research
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