The major factors that are expected to be driving the high content screening market are need for cost containment in pharma R&D, growth in funding for cellular research, and technological advancements in HCS solutions are expected to support the growth of the HCS market during the forecast period
What the Market Looks Like?
[189 Pages Report] The global residential air purifiers market is expected to reach USD 14.1 billion in 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1%. Asia Pacific is the largest regional market for residential air purifiers.
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.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40172748
COVID-19 Impact on Residential Air Purifiers Market
The COVID-19 outbreak has generated major remunerative opportunities for air purifier manufacturers, with high-performance units, comprising HEPA and activated carbon technologies, being highly popular, to minimize the spread of the virus for enclosed spaces. Premium, high-performance air purifiers are capable of filtering out particles up to 1 micron, and the size of the COVID-19 virus is estimated to be around 1.2 microns.
What are Key Trends in the Market?
The growth of the residential air purifiers market is primarily influenced by the following factors:
- The rising prevalence of COVID-19
- Increasing urbanization and indoor air pollution levels
- Supportive government regulations for effective air pollution monitoring & control
- Increasing public awareness pertaining to the healthcare implications of air pollution
- High product costs
- Technical limitations associated with air quality monitoring products
Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arresting or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the largest market share in 2020. The growing concern for environmental sustainability and increasing public awareness pertaining to the healthcare implications of air pollution has resulted in the increased adoption of the HEPA technology in the residential air purifiers market.
Read more about residential air purifiers market
