The Latin America, Middle East and Africa Residential Air Purifier Market is expected to witness market growth of 10.7% CAGR during the forecast period (2021-2027).
Moreover, the government's rigid regulations, and rise in penetration of e-commerce platforms, and increasing personal disposable income of the population play a crucial growth in the market. The residential air purifier market is trying out to enhance the technologies which is expected to offer a lucrative growth opportunity in the market.
Many countries have enhanced their comprehensive standards for air purifiers. For example, various metropolitan cities recorded high air quality index than the limits, no air purifier standards exist to clean and filter the air. However, the average Air Quality Index is considered as 20, yet most cities with an AQI of 50 are considered safe. Rapid urbanization and industrialization are the significant factors of pollution in the major countries and their cities.
Despite high levels of pollution, the Middle East and African region is likely to see relatively moderate growth in air purifier technology, owing to high air purifier costs and a lack of knowledge among the general population. Due to an increase in respiratory illnesses, arid weather, and air pollution, the need for air purifiers in the Middle East is expanding. Furthermore, increased awareness of air purifiers has resulted from efficient marketing initiatives by leading industry participants, road shows, and promotional activities.
Sharp Corporation, Panasonic, Hitachi, Coway, and other key competitors lead the Middle East air purifier industry. The worldwide market's top companies are teaming up with regional players to gain a foothold and improve their position. One example is the launch of NASA-developed "Airocide technology" for air filtration by US-based Akida Holdings LLC, in collaboration with Saudi Arabia's Fakruddin Holdings and Max Electronics (a subsidiary of Landmark Group) for distribution. Airocide is a filter-free technology that is expected to gain significant market share in the near future.
The Brazil market dominated the LAMEA Residential Air Purifier Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $103.9 million by 2027. The Argentina market is anticipated to grow at a CAGR of 11.3% during (2021 - 2027). Additionally, The UAE market is expected to experience a CAGR of 10.4% during (2021 - 2027).
Based on Type, the market is segmented into Standalone/Portable and In-Duct. Based on Technology, the market is segmented into High-efficiency Particulate Absorbing (HEPA), Activated Carbon, Ionic Filters, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, The Whirlpool Corporation, Koninklijke Philips N.V., Xiaomi Corporation, Daikin Industries, Ltd., Dyson Limited, LG Electronics, Inc., Sharp Corporation, and Honeywell International, Inc.
By Type
By Technology
By Country: Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Moreover, the government's rigid regulations, and rise in penetration of e-commerce platforms, and increasing personal disposable income of the population play a crucial growth in the market. The residential air purifier market is trying out to enhance the technologies which is expected to offer a lucrative growth opportunity in the market.
Many countries have enhanced their comprehensive standards for air purifiers. For example, various metropolitan cities recorded high air quality index than the limits, no air purifier standards exist to clean and filter the air. However, the average Air Quality Index is considered as 20, yet most cities with an AQI of 50 are considered safe. Rapid urbanization and industrialization are the significant factors of pollution in the major countries and their cities.
Despite high levels of pollution, the Middle East and African region is likely to see relatively moderate growth in air purifier technology, owing to high air purifier costs and a lack of knowledge among the general population. Due to an increase in respiratory illnesses, arid weather, and air pollution, the need for air purifiers in the Middle East is expanding. Furthermore, increased awareness of air purifiers has resulted from efficient marketing initiatives by leading industry participants, road shows, and promotional activities.
Sharp Corporation, Panasonic, Hitachi, Coway, and other key competitors lead the Middle East air purifier industry. The worldwide market's top companies are teaming up with regional players to gain a foothold and improve their position. One example is the launch of NASA-developed "Airocide technology" for air filtration by US-based Akida Holdings LLC, in collaboration with Saudi Arabia's Fakruddin Holdings and Max Electronics (a subsidiary of Landmark Group) for distribution. Airocide is a filter-free technology that is expected to gain significant market share in the near future.
The Brazil market dominated the LAMEA Residential Air Purifier Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $103.9 million by 2027. The Argentina market is anticipated to grow at a CAGR of 11.3% during (2021 - 2027). Additionally, The UAE market is expected to experience a CAGR of 10.4% during (2021 - 2027).
Based on Type, the market is segmented into Standalone/Portable and In-Duct. Based on Technology, the market is segmented into High-efficiency Particulate Absorbing (HEPA), Activated Carbon, Ionic Filters, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, The Whirlpool Corporation, Koninklijke Philips N.V., Xiaomi Corporation, Daikin Industries, Ltd., Dyson Limited, LG Electronics, Inc., Sharp Corporation, and Honeywell International, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Standalone/Portable and
- In-Duct
By Technology
- High-efficiency Particulate Absorbing (HEPA)
- Activated Carbon
- Ionic Filters,
- Others
By Country: Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Key Market Players
List of Companies Profiled in the Report:
- Samsung Electronics Co., Ltd. (Samsung Group)
- Panasonic Corporation
- The Whirlpool Corporation
- Koninklijke Philips N.V.
- Xiaomi Corporation
- Daikin Industries, Ltd.
- Dyson Limited
- LG Electronics, Inc.
- Sharp Corporation
- Honeywell International, Inc.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Residential Air Purifier Market by Type
Chapter 5. LAMEA Residential Air Purifier Market by Technology
Chapter 6. LAMEA Residential Air Purifier Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Samsung Electronics Co., Ltd. (Samsung Group)
- Panasonic Corporation
- The Whirlpool Corporation
- Koninklijke Philips N.V.
- Xiaomi Corporation
- Daikin Industries, Ltd.
- Dyson Limited
- LG Electronics, Inc.
- Sharp Corporation
- Honeywell International, Inc.
Methodology
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