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May 26, 2023

Residential Air Purifier Market Will hit USD 7.2 billion by 2032

Updated · May 31, 2023 Published Via 11Press : The residential air purifier

Updated · May 31, 2023

Published Via 11Press : The residential air purifier market has been gaining traction in recent years, driven by the increasing focus on indoor air quality and the health benefits associated with clean air. These devices are designed to remove pollutants, allergens, and other harmful particles from indoor environments, providing cleaner and healthier air for residents.

The residential air purifier market was USD 4.1 billion in 2022 and is expected to reach around USD 7.2 billion in 2032. Between 2023 and 2032, this market is estimated to register a CAGR of 5.9%.

Factors such as rising concerns over respiratory diseases, growing urbanization and industrialization, and an increase in disposable income are driving the demand for residential air purifiers. Additionally, advancements in technology have led to the development of more efficient and effective devices that offer advanced features like Wi-Fi connectivity, smart sensors, and HEPA filters.

Despite its growth prospects, pricing remains a key challenge for manufacturers as many consumers consider these devices as expensive investments. However, increasing awareness about the benefits of using residential air purifiers is expected to drive demand even further in the coming years. Overall, it is clear that the demand for high-quality indoor air will continue to fuel growth in this market segment over time.

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Q: What is the current size of the residential air purifier Market?

A: The Global residential air purifier Market size is USD 11.03 Billion in 2022.

Q: What is the projected growth rate for the residential air purifier Market?

A: The residential air purifier Market is expected to grow at a CAGR of 15% from 2023 to 2032.

Q: What are some of the key players in the residential air purifier Market?

A: Some of the key players in the residential air purifier market include DAIKIN INDUSTRIES Ltd, Sharp Corporation, Honeywell International Inc, Panasonic Corporation, LG Electronics, Koninklijke Philips N V, Dyson, SAMSUNG, Whirlpool, Blueair, Hoover, Other Key Players

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