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on June 22, 2022
Europe Air Purifier Market Overview
Europe Air Purifiers Market report thoroughly covers market size by types, technology, applications, and regions. The Europe air purifier market outlook provides an unbiased and detailed analysis of the ongoing Europe air purifier market overview, trends, opportunities/high growth areas and market forecast, market share, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Europe Air Purifier Market which is a part of the Global Air Purifier Market would continue to accelerate on account of factors such as urbanization, increasing construction activities in urban areas, proliferating air-borne diseases, and industrial/vehicle carbon emissions. The aforementioned factors would worsen the air quality and increase the particulate matter concentration in the air. Further, factors such as increasing rising health concerns due to the ill effects of air pollution, rising disposable income, and improving living standards would accelerate the demand for air purifiers in the forecast period. Nevertheless, in 2020, the sales of air purifiers are expected to drop in the first few months in every country owing to the coronavirus pandemic as the air purifier market would experience a shortage from the supply-side in the first half of 2020.
According to 6Wresearch, Europe Air Purifier Market size is projected to grow at a CAGR of 7.7% during 2020-2026. The high prevalence of respiratory disease in the region coupled with the rising discharge of air pollutants is adding to the Europe Air Purifier Market Share. Additionally, growing construction activities especially in urban areas along with degrading quality of indoor air are also accelerating the growth of the market. Due to the global pandemic caused due to COVID-19, the Air Purifier market in the APAC region will face a decline during the year 2020, the market is expected to recover post-2020. The major revenue-generating countries are undergoing lockdowns, which has rapidly declined the Air Purifier market in the region. The spreading pandemic has temporarily impacted the labour force, capital stock, and productivity in Europe. Rising disposable income combined with growing pollution levels is likely to bode well for the air purifier industry. Over the years Europe has witnessed a rising number of premature deaths due to PM 2.5 which has led to a significant rise in awareness about air pollution and the effectiveness of air purifiers in reducing such pollutants. These factors are anticipated to support the demand for air purifiers over the forecast period.
Key Highlights of the Report:-
- Europe Air Purifier Market Overview
- Europe Air Purifier Market Size
- Europe Air Purifier Market Forecast
- Europe Air Purifier Market Outlook
- Europe Air Purifier Market Until 2026
- Market Drivers, Restraints, and Trends
- Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Market Player’s Revenue Shares
- Major Player’s Market Share
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
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Posted in: Business