Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Southeast Asia Air Purifier market expected to drive due to the growing health problems due to air pollution, increasing urbanization and industrialization and the surge in consumer spending power
The Southeast Asia air purifier market estimated to grow with a significant rate during the forecast period, 2020-2027. It is primarily attributed to government efforts to regulate air pollution by introducing stringent regulations and indoor air quality standards and various air pollution control campaigns undertaken across the globe by government and NGOs. Further, the growing airborne diseases and increasing health consciousness among consumers are driving the market of Southeast Asia air purifier. With the further development of the Internet, the combination of air purifiers and the Internet will deepen. At present, consumers' consumption structure has upgraded, and the purchase of air purification products has become more rational. Additionally, the upsurge in demand for air purifiers is primarily driven by consumers suffering from respiratory disorders will expand the growth of the Southeast Asia air purifier market size.
With the awakening of citizens' environmental awareness and the pursuit of quality of life, consumers have been sensitively aware of the importance of air purifiers. The strict regulations relating to industrial emissions and concern about occupational health and safety of the workers have led the industrial and commercial sector bodies to utilize the applications of air purifiers. Moreover, improved standard of living, growing disposable income, and increasing health consciousness across the Southeast Asian countries projected to boost the growth of the air purifier industry. The rise in consumption of air purifiers well equipped with the HEPA technology-based system is helping to eliminate smoke and remove dust from the air inside homes will spur the growth of the Southeast Asia air purifier industry.
Product Overview in the Southeast Asia Air Purifier Market
Based on the product, the Southeast Asia air purifier market classified into dust collectors, fume & smoke collectors, vehicle exhaust, mist eliminators, fire/emergency exhaust, and others. The dust collectors captured the highest market share in 2019. It is attributable to the amount of indoor pollution, and the growing occurrence of airborne dust-related ailments, such as cancer, asthma and irritation, and allergic alveoli, are contributing to the sales of dust collector air purifiers.
Technology Overview in the Southeast Asia Air Purifier market
Based on technology, the Southeast Asia air purifier market segregated into High-Efficiency Particulate Air (HEPA), Activated Carbon filters, Electrostatic Precipitators, ionic filters, UV light technology, and others. The High-Efficiency Particulate Air (HEPA) will witness to hold the highest revenue by 2027. It is due to the HEPA can capture large airborne particles, such as dust, pollen, some mold spores, and animal dander, and particles that contain dust mite and cockroach allergens. Additionally, the growing usages of HEPA filters in residential air purifiers help to trap air pollutants and helps in allergen relief.
Application Overview in the Southeast Asia Air Purifier Market
Based on the application, the Southeast Asia air purifier market categorized into Commercial, Residential, and Industrial. The Commercial segment accounted for a larger market share in 2019 and projected to lead the market by 2027. It is due to the huge demand for air purifiers in commercial places like shopping malls, offices, hospitals, educational centers, hotels, etc. to maintain indoor air quality.
Distribution Channel Overview in the Southeast Asia Air Purifier Market
By distribution channel, the Southeast Asia air purifier market bifurcates into Online and Offline. The offline segment generated the largest revenue in 2019, on account of the growth of shopping complex, hypermarket, and exclusive store that captured the consumers with asthma or allergies to odors, airborne viruses, dust, or pollen purchase air purifiers.
Country Overview in the Southeast Asia Air Purifier Market
Based on the country, the Southeast Asia air purifier market segmented into Indonesia, Malaysia, Philippines, Thailand, Vietnam, Singapore, Myanmar, and the Rest of Southeast Asia. Singapore accounted for maximum revenue share in 2019, owing to the improved standard of living, the surge in disposable income, and growing health consciousness in this country, coupled with government regulations to curb air pollution.
Southeast Asia Air Purifier Market: Competitive Landscape
Companies such as Sharp Corporation, Panasonic Corporation, Amway Group, Honeywell International Inc., Toshiba Corp., Tecomen Group, Philips, LG, Samsung Corp, LG Corp, Haier Group, and Midea Group Co Ltd, are the key players in the Southeast Asia Air Purifier Market.