The Latin America, Middle East and Africa Residential Air Purifier Market would 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 would 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 would 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 would 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.
Free Valuable Insights: The Global Residential Air Purifier Market is Predict to reach $5.9 Billion by 2027, at a CAGR of 7%
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.
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