Air Deodorizer and Sterilizer Market REPORT OVERVIEW
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The global air deodorizer and sterilizer market size is expected to grow from USD 6504.4 million in 2021 to USD 14571.82 million by 2031, at a CAGR of 8.4% from 2021 to 2031.
Air deodorizer and sterilizer helps in maintaining the indoor air quality and disinfecting the places and helps in getting rid of bacteria and other harmful substances and particles. Not only does it help in maintaining the ambience but also contributes to good health and prevention of diseases.
The pandemic has triggered the use of air deodorizers and sterilizers and made people aware of the importance of a good ambience. Further =more, elevated living standards and increasing investments in luxury equipment have been the major driver of the air deodorizer and sterilizer market.
COVID-19 Impact: Pandemic and Rise in Infections to Improve the Market Demand
COVID-19 has crumbled the healthcare infrastructure and affected all the industrial sectors. The spike in cases triggered the shift toward work from home and compelled the government and organizations to develop healthcare facilities. Although, the initial stages due to the global lockdown has affected the supply and logistic, however, the air deodorizer and sterilizer market was prioritized as it became mandatory for every residential and commercial space to install this equipment. The pandemic condition triggered the consumer to opt for sterilizing methods at home. The health crisis influenced the air deodorizer and sterilizer size and it projected a higher growth during this period.
LATEST TRENDS
"R&D Activities to Propel Market Demand."
The key players and the manufacturing units are focusing on improving the research and developments to launch new products with increased potential to serve the required purpose. In light of the latest product launches, HPA filters can eliminate the airborne particles simultaneously ionic filters are growing in demand due to their high efficiency and less maintenance. The products are yet to implement in commercial use however, continuous experiments and launches are taking place to boost the air deodorizer and sterilizer market demands.
Air Deodorizer and Sterilizer Market SEGMENTATION
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- By Type
Based on type, the market is divided into less Than 100m²and over 100m². Less than 100m² is expected to lead this segment in the forecasted year.
- By Application
Based on the application, the market is divided into hospitals and healthcare centers, schools, hotels and restaurants, office premises and others. The Hospital sector is anticipated to lead this segment in the upcoming year.
DRIVING FACTORS
"Rising Urbanization to Accelerate Product Sale. "
Urbanization has made the life of the people easier but at the same time contributed to ecological degradation with unconscious utilization of harmful substances in the manufacturing process. The modernization was achieved with large-scale degradation, contamination of water bodies and decreasing air quality. The setting up of large factories without proper disposal systems led to the release of harmful gases in the atmosphere affecting the normal balance and polluting the air. The past decades' reports convey that there is a sharp increase in airborne diseases affecting millions of people globally. There are several factors contributing such as uncertain climatic change due to disturbed ecological balance, high pollution levels and inadequate efforts from the people to prevent the spread of the diseases. Apart from that, the urban areas became congested due to the population shift from the rural area. This resulted in overcrowding and a stagnant situation. In these conditions, an air purifier and sterilizer became a piece of the necessary equipment to maintain the indoor air quality and disinfect the air. The recent pandemic has triggered the importance of maintaining a clean environment and thus stimulating the air deodorizer and sterilizer market growth.
"Improved Standard of Living to Boost Market Demand. "
In recent years, consumer has embraced the habit of eco-friendly living and they became aware of the necessity of using air deodorizer and sterilizer. The government efforts and initiatives by various organizations made the consumer aware of the risk of health hazards living in a poor environment. Moreover, the disposable income of the people has increased leading to the growth of middle-class people. Consumer demands have transformed and going by the recent trends everyone favor’s a good ambience. The rise in the number of vehicles purchased and the boom in the automotive sector has influenced the growth of the air deodorizer and sterilizer market. There is a high rise in the use of air purifier in the car to maintain the air quality and disinfects the whole car. Apart from this, the strive towards revamping the healthcare infrastructure will contribute to the market demands. Thus, all these factors along with the rising health-conscious mindset drive the air deodorizer and sterilizer market share in the forthcoming years.
RESTRAINING FACTORS
"The Products Inclusion in the Luxury Segments to Hamper the Market Growth. "
The air deodorizer and sterilizer are still being included in the luxury sections which is preventing the middle-class sector to afford these products. The high cost and implementation are a major concern and might restrict the growth of the market. In addition to that, the supply and logistics should be improved to keep up with the growing market demands.
Air Deodorizer and Sterilizer Market REGIONAL INSIGHTS
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"North America to Dominate the Market due to Increased Air-quality Policies "
North America has focused on contributing toward sustainable living and eco-friendly developments. Government and established institutions have passed various acts to control the air quality and reduction in harmful emissions. This created opportunities for the key players. Moreover, the rise in infrastructure, population expansion and good economy has resulted in the strengthening of the air deodorizer and sterilizer market in this region.
KEY INDUSTRY PLAYER
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
List of Market Players Profiled
- Sharp (Japan)
- Philips (Netherlands)
- Panasonic (Japan)
- Daikin (Japan)
- Trion (U.S.)
- Blueair (Romania)
- Air Oasis (U.S.)
- Sanuvox Technologies (Canada)
- Colzer (France)
- KLEEMANN (Denmark)
- Lux Royal (U.K)
- Kinyo (U.S.)
- IQAir (Switzerland)
- Novaerus (U.S.)
- MANN + HUMMEL (U.S.)
- UTRONIX (South Korea)
- CAMFIL (Sweden)
- Aurabeat (Hong Kong)
REPORT COVERAGE
This report covers the analysis of the air deodorizer and sterilizer providing a comprehensive market insight focusing on the existing key players who would play a crucial role in the forecasting period. It also analyses based on segmentation, industrial developments, trends, growth, size, share, restraints and revenue. The report covers an overview of the latest driving factor in the industry, dominant region, latest innovations and opportunities.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 6504.4 Million in 2021 |
Market Size Value By |
US$ 14571.82 Million by 2031 |
Growth Rate |
CAGR of 8.4% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global air deodorizer and sterilizer market expected to touch by 2031?
The global air deodorizer and sterilizer market are expected to reach USD 14571.82 million by 2031.
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What CAGR is the air deodorizer and sterilizer market expected to exhibit by 2031?
The air deodorizer and sterilizer market is expected to exhibit a CAGR of 8.4% by 2031.
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Which are the driving factors of the air deodorizer and sterilizer market?
The rise of air-borne diseases and increasing population levels and the increase in awareness and improved living quality are the driving factors in the air deodorizer and sterilizer market.
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Which are the top companies operating in the air deodorizer and sterilizer market?
Sharp, Philips, Panasonic, Daikin, Trion, Blueair, Air Oasis, Sanuvox Technologies, Colzer, KLEEMANN, Lux Royal, Kinyo, IQAir, Novaerus, MANN + HUMMEL, UTRONIX, CAMFIL, Aurabeat are the key company operating in the air deodorizer and sterilizer market.