United States Air Purifiers Market Poised to Grow at 10% CAGR by 2020 Says TechSci Research

Burnaby, Canada, May 15, 2015 --(PR.com)-- United States air purifiers market is emerging as one of the largest air purifier markets, globally, due to degrading air quality on account of rising vehicular pollution and rising concerns of consumers regarding air contamination. Over the last few years, healthcare and hospitality sectors, which constitute the commercial segment of the market, have emerged as the major target segments for companies offering air purifiers in the US. However, the demand from residential and industrial segments is also growing at a fast pace owing to high income levels and rising hygiene concerns among consumers.

According to recently published TechSci Research report “United States Air Purifiers Market Forecast & Opportunities, 2020,” the air purifiers market is projected to register a CAGR of around 10% during 2015-20. There are four major types of filter technologies available in the air purifiers market - HEPA, Activated Carbon, Ion & Ozone Generator and Electrostatic Precipitator, and the largest market share is currently held by HEPA based air purifiers. Over the next five years, the country’s air purifiers market would continue to be dominated by HEPA based air purifiers, followed by Activated Carbon, Electrostatic Precipitator and Ion & Ozone Generator technology. An increasing number of leading real estate developers are offering HVAC based air purification system in luxury apartments, corporate offices, healthcare institutions, educational institutes, etc.

“Presently, high prices of air purifiers are the major challenge restricting higher adoption. Consequently, major air purifier manufacturers are increasingly focusing on adopting vertical integration to secure better control over the entire value chain and lower overall expenditure. These developments are expected to drive the market for air purifiers in the US in the coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United States Air Purifiers Market Forecast & Opportunities, 2020” has evaluated the future growth potential of air purifiers market in the US and provides statistics and information on market structure, size, share and trends. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in air purifiers market in the US.