Global Air Purifier Market Outlook (2018 to 2032)

Year Value
2018 0.98
2019 1.05
2020 1.13
2021 1.21
2022 1.29
2023 1.38
2024 1.46
2025 1.56
2026 1.66
2027 1.77
2028 1.88
2029 2.0
2030 2.13
2031 2.27
2032 2.42
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Global Air Purifier Market Outlook (2018 to 2032)

Synopsis
The above chart is Global Air Purifier Market Outlook (2018 to 2032)

Market Dynamics

air quality has been declining over the past decades due to rapid industrialization and rising necessity for energy. pollution generated from burning of fossil fuels, massive construction activities, and manufacturing processes have caused the quality of our air to be compromised. despite protective legislation, the air quality has not shown much improvement. it is today that has seen a rise in the demand for air purifiers. the global air purifier market is estimated to grow from us$ 24.58 billion in 2018 to its projected value of us$ 48.53 billion by 2032. this is due to the increased awareness of air pollution and how it adversely affects the health of people across the globe. growing diseases such as asthma and other respiratory ailments are the biggest contributors to this rise in the demand for air purifiers. the consumer segment is expected to drive the demand for air purifiers during the forecasted period. growing willingness of people to invest in air purifiers is due to increased awareness of the health hazards posed by poor air quality. furthermore, advances in technology have resulted in air purifiers becoming increasingly efficient, powerful, and user friendly. major manufacturers are investing heavily in their research and development activities in order to capitalize on this market opportunity. in terms of geography, asia-pacific is estimated to account for the highest portion of the global air purifier market revenue during the forecast period. emerging countries such as india, china, and south korea are driving the demand for air purifiers as people in these countries have been exposed to alarming levels of air pollution. furthermore, conscious efforts by these countries to tackle this issue are likely to spur the demand for air purifiers from this region. with rising awareness of air pollution, shifting consumer preferences, and increasing advancements in air purifier technology, this market is set to witness a robust growth during the coming years. companies should explore all possible opportunities to capitalize on this ongoing surge in demand for air purifiers.

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