Haier

Residential Air Purifiers Market Set To Grow At A CAGR of 6 Percent By 2024

In 2012, World Health Organization (WHO) published an article on household air pollution, stating indoor air pollution is one of the top 5 environmental health risks which cause one out of eight people deaths.

According to Goldstein Research, global residential air purifier market size is expected to reach USD 8.65 billion by 2024, growing at a CAGR of 6.0 percent over the forecast period 2016-2024. This rising incidences of deaths and various health issues due to air pollution is propelling the demand for residential air purifiers.

Further based on product type segmentation, dust collector product segment dominated the air purifier market share by 44.0 percent in 2016. Whereas based on geography, the global residential air purifier industry is dominated by North America region growing at a CAGR of 4.0 percent over the forecast period.

Whereas, by the end of the forecast period residential air purifier market is expected to be dominated by Asia Pacific region.― WhaTech

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