Europe Air Purifier Market: Key Trends and Growth Opportunities |...

Europe Air Purifier Market: Key Trends and Growth Opportunities

نشر بتاريخ 2024-12-18 07:20:01

The Europe air purifier market size was estimated at USD 4.6 billion in 2023 and is expected to grow at a CAGR of 6.1% from 2024 to 2030. The market growth is attributed to the critical need for improved air quality in the region. According to the European Environment Agency, 253,000 deaths in Europe could have been avoided if the fine particulate matter (PM2.5) was under the World Health Organization’s recommended number. These figures, coupled with the substantial public health costs associated with air pollution, underscore the urgency for Europeans to seek solutions like air purifiers. Thus, driving the regional market expansion.

The market held a share of 28.7% of the global air purifier market revenue. Due to rising industrialization, urbanization, and number of automobiles, Europe has become one of the most polluted regions across the globe. The European Union initiated stringent rules to reduce the percentage of air pollutants, such as sulfur oxide, nitrogen oxide, volatile organic compounds, and ammonia. Various amendments were introduced to control air pollution in the region; however, the rate at which the pollution decreased is far less than what was desired.

Gather more insights about the market drivers, restrains and growth of the Europe Air Purifier Market

Key Europe Air Purifier Company Insights

The market is quite competitive due to the presence of international as well as local players. Companies offer a wide range of products to choose from, along with the flexibility of buying from both offline and online channels. This allows consumers to compare the products based on product performance, technology, and pricing. Companies are competing based on quality, pricing, and reputation.

Recent Developments

• In February 2023, Carrier launched a new air purifier system, which uses activated carbon along with UV to purify the air. It is a new add-up to their Healthy Homes lineup. The new purifier can remove odors, VOCs, and other common harmful indoor gases

Europe Air Purifier Market Report Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Europe air purifier market report based on technology, coverage range, sales channel, application, and country:

Technology Outlook (Revenue, USD Million, 2018 - 2030)

• High Efficiency Particulate Air (HEPA)

• Activated Carbon

• Ionic Filters

• Electrostatic Precipitator

• Others

Coverage Range Outlook (Revenue, USD Million, 2018 - 2030)

• Below 250 Sq. Ft.

• 250-400 Sq. Ft.

• 401-700 Sq. Ft.

• Above 700 Sq. Ft.

Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)