Economic Impact of Declining Air Quality Boosts Portable Air Purifier Market

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Economic Impact of Declining Air Quality Boosts
Portable Air Purifier Market
According to Inkwood Research, the Global
Portable Air Purifier Market is estimated
to project a CAGR of 7.8 in terms
of revenue during the forecasting years of
2024-2032.
VIEW TABLE OF CONTENTS Air purifiers are
characterized by devices that enhance the
quality of indoor air by removing pollutants
and contaminants from the atmosphere.
Likewise, portable air purifiers are primarily
used to purify the air in indoor environments and
settings, like schools, hotel rooms, offices,
and hospitals. They differ in terms of
installation, operating technology, and the
volume of air they clean, subsequently
influencing their air-cleaning effectiveness. REQ
UEST FREE SAMPLE Impact of Degrading Air
Quality on the Economy Fuels Market Growth
According to a report issued by Greenpeace
Southeast Asia and the Centre for Research
on Energy and Clean Air, the expenses of
air pollution arising from incinerating oil,
gas, and coal, in addition to fossil
fuels, lead to thrice as many
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deaths as road traffic accidents, across
the globe. It is also estimated that air
pollution has an economic cost of over
2.5 trillion, equating to nearly 3.3 of
the worlds gross domestic product
(GDP). Moreover, deteriorating air quality
impacts the economy in numerous ways, like
chronic respiratory diseases, higher rates of
asthma, and diabetes. These conditions further
lead to a decreased capability to work and lower
the degree of participation in the employment
force. E-Commerce Fastest-growing Distribution
Channel E-commerce stores are characterized by
virtual stores that do not require a physical
space, and goods and services are sold
through applications and websites. E-
commerce, as a platform, is becoming a popular
channel for purchasing air purifiers owing to
advantages like easy accessibility,
continuous service, availability of
information regarding the products functions,
and convenient home deliveries. Moreover, the
increasing penetration of diverse online
portals in developed and emerging countries
has evolved as a primary source of
revenue for several enterprises. Besides, a
rise in variety, offers, and discounts encourage
consumers to purchase portable air purifiers
through virtual channels. North America
Dominant Region as of 2023 The increasing
prevalence of airborne diseases, the rise
in air pollution, and the growing awareness
regarding the impact of air pollution on
cognitive capabilities are expected to
bolster the demand for air purifiers
in the region. Moreover, the incidence
of bacterial and contagious infections is
projected to positively influence the market
for portable air purifiers across the forecast
period. There is significant product
differentiation within the global market,
which leads to increased competition between
key players. As a result, the intensity of
industrial rivalry is estimated to be high
over the forecast years. Some of the
eminent companies operating in the market
are Philips International BV, Dyson Limited,
Blueair Inc, Panasonic Corporation, Daikin
Industries, etc. Request for Customization Relat
ed Reports AIR QUALITY CONTROL SYSTEMS MARKET
WATER QUALITY MONITORING MARKET About Inkwood
Research Inkwood Research specializes in
syndicated customized research reports and
consulting services. Market intelligence studies
with relevant fact-based research are customized
across industry verticals such as
technology, automotive, chemicals, materials,
healthcare, and energy, with an
objective comprehension that acknowledges
the business environments. Our geographical
analysis comprises North South America, CEE,
CIS, the Middle East, Europe, Asia, and Africa.
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