Residential Air Purifiers Market Size to Worth Around USD 17.2 Billion by 2027

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New York, United States: The Report on Residential Air Purifiers Market by Decisive Markets Insights was released in the middle of Covid -19 after a thorough analysis of the top players and primary interviews with key industry figures. A market study from Residential Air Purifiers Market examines the market size, segmentation, future trends, growth rate, drivers and challenges, as well as the sales channels and distributors.

The global Residential Air Purifiers market gathered revenue around USD 10.1 Billion in 2020 and market is set to grow USD 17.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 12% during the prediction period 2021 to 2027. 

Overview of Residential Air Purifiers Market Study

Residential Air Purifiers market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.

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Growth Factors:

The growth of this market is majorly driven by the growing popularity of smart homes, supportive government regulations for effective air pollution monitoring and control, increasing public-private funding for effective air pollution monitoring, rising levels of air pollution worldwide, and increasing public awareness related to the healthcare and environmental implications of air pollution. Also, the need for an energy-efficient air purifier and R&D being undertaken to bring innovative products to the market is aiding the market growth. The current COVID-19 pandemic has further increased the demand for such purifiers with the growing awareness of COVID-19 associated respiratory ailments and the rising need to curb cross-contamination.

However, the high cost of these products and technical limitations associated with air quality monitoring products are expected to restrain the growth of this market during the forecast period.

Global Chromatography Accessories & Consumables Market dynamics
Driver: Collaborations between chromatography instrument manufacturers and research laboratories/academic institutes
Chromatography techniques are extensively used in metabolomics, proteomics, and genomics. Leading chromatography companies are collaborating with academic institutions to support research activities that make use of chromatography techniques. These companies are supporting several research projects conducted in various universities by providing grants or supplying chromatography products, including consumables and accessories.

In 2019, Agilent installed several analytical instruments to strengthen its partnership with Imperial College London.
In 2018, Merck KGaA partnered with nine NGOs to improve R&D in its Life Science business sector.
In 2018, the University of Duisburg-Essen collaborated with Agilent to utilize its gas and liquid chromatography systems and a variety of its mass spectrometry instruments to conduct improved research studies.
Through such developments, companies are focusing on improving the knowledge about advanced chromatography techniques among research personnel as well as developing new application areas for chromatography techniques and products.

Restraint: High cost of Chromatography equipment
Chromatography instruments are typically equipped with advanced features and functionalities and are thus priced at premium rates. In addition, technological advancements, resulting in the introduction of innovative systems, have further increased the cost of these instruments. The cost of an HPLC system ranges from USD 25,000–75,000. Similarly, the cost of one ready-packed HPLC C18 column from a renowned manufacturer is USD 14,000–15,000. Whereas, the average cost of a GC instrument can range from USD 25,000–40,000, and the cost of consumables used for GC can range from USD 1,000–2,500.

Small- & medium-sized companies in the oil & gas, food & beverage, and biotech & pharmaceutical industries, as well as research and academic institutions, require many such systems in their processes. Hence, the capital cost spent on these systems increases significantly. Moreover, academic research laboratories find it difficult to afford such systems, as they have controlled budgets. The maintenance costs and other indirect expenses result in an overall increase in the total cost of ownership of these instruments. This restricts the adoption of chromatographic accessories & consumables among price-sensitive end users, such as research laboratories, academic institutes, and small companies.

Opportunity: Development of improved gas chromatography columns for petrochemical applications
Gas chromatography remains the most preferred analytical technique in the petroleum industry due to its high sensitivity for volatile substances. Moreover, advanced gas chromatographic systems have improved technology to detect both finished goods as well as in-process samples. Petroleum analysis makes extensive use of specialized gas chromatography columns, with continuous expectations from the industry for better columns that improve analytical performance and chromatographic efficiency. Ideally, the best separation takes place when the temperature is between 10 and 50 degrees Celsius below the boiling point of the compound for a traditional open tubular capillary column.

New developments in GC columns help improve petroleum analyses, while reducing instrument downtime and maintenance costs. For instance, Zebron ZB-1XT SimDist, a metal GC column, is specially designed for simulated distillation analyses in petrochemical applications. This column ensures consistent phase coating and reproducibility. As a result of the significant requirement for specialized and advanced GC columns in the petroleum industry, the successful development of such columns is considered as a potential growth avenue for players operating in the gas chromatography columns market.

Challenge: Presence of alternative technologies to chromatography
Precipitation, high-resolution ultrafiltration, crystallization, high-pressure refolding, charged ultra-filtration membranes, protein crystallization, capillary electrophoresis, aqueous two-phase extraction, three-phase partitioning, monoliths, and membrane chromatography are some of the prominent techniques that are available as alternatives to chromatography. These techniques can be used as alternatives to column chromatography, which is extensively used to manufacture protein therapeutics and also for the separation of monoclonal antibodies. Column chromatography employs a minimum of two steps to manufacture protein therapeutics, which increases the cost. Furthermore, column chromatography requires additional steps such as equilibration, wash, elution, regeneration, and sanitization, which escalate the cost even further. On the other hand, alternative techniques require fewer steps and a large volume of antibodies can be separated in a single step. This helps in reducing the manufacturing cost, and also helps in increasing the manufacturing volume. Such benefits provided by alternative techniques are likely to hinder the growth of the chromatography accessories market.

By product type, chromatography columns account for the largest share of the market
On the basis of product, the chromatography accessories and consumables market is broadly classified into columns, column accessories and consumables, autosamplers, autosampler accessories and consumables, flow management accessories and consumables, chromatography fittings and tubing, detectors, mobile phase accessories and consumables, fraction collectors, pressure regulators, and other accessories and consumables.

The chromatography columns segment is estimated to account for the largest share of the chromatography accessories and consumables market in 2020. The large share of this segment can primarily be attributed to factors such as the wide usage of chromatography techniques in various industries, such as pharmaceutical, biotechnology, academia, food & beverage, agriculture, environmental safety, and forensics.

Pharmaceutical & biotechnology segment to dominate the chromatography accessories & consumables market, by end user
On the basis of end user, the chromatography accessories and consumables market is segmented into pharmaceutical & biotechnological industry, academic & research institutes, oil & gas industry, food & beverage industry, hospitals & clinics, environmental agencies, and other end users.

In 2020, the pharmaceutical & biotechnology industry segment is expected to command the largest share of the chromatography accessories and consumables market. The large share of this segment can be attributed to the increasing R&D expenditure of pharma & biopharma companies and the patent expiry of blockbuster drugs and biomolecules.

Liquid chromatography accounts for the largest share of the chromatography accessories & consumables market, by technology
On the basis of technology, the chromatography accessories and consumables market is categorized into liquid chromatography, gas chromatography, and other technologies. Liquid chromatography is further segmented into high-pressure liquid chromatography (HPLC), ultra-pressure liquid chromatography (UPLC), low-pressure liquid chromatography (LPLC), flash chromatography, and other LC technologies.

In 2020, the liquid chromatography segment is expected to command the largest share of the chromatography accessories and consumables market. The large share of this segment can be attributed to the wide use of HPLC techniques and the growing demand for UPLC systems.

North America accounts for the largest share of the chromatography accessories & consumables market
This report covers the chromatography accessories & consumables market across five major geographies—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to command the largest share of the chromatography accessories & consumables market, mainly due to increased funding in medical research, presence of stringent drug development regulations, and the growing number of metabolomics research activities in the US.

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COVID-19 Impact on Residential Air Purifiers Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Residential Air Purifiers market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Residential Air Purifiers market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Residential Air Purifiers market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Residential Air Purifiers market include:

Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), WINIX Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Alen Corporation (US), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), and HSIL Limited (India).

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Residential Air Purifiers Market, by Technology

  • HEPA
  • Other Technologies (electrostatic precipitators (ESPS), activated carbon, ultraviolet (UV) technology, ionizers, and ozone generators)

Global Residential Air Purifiers Market, by Type

  • Portable/Standalone Purifiers
  • In-duct Purifiers

Why Buy this Report?

The purpose of Nova one advisor’s Residential Air Purifiers market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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