Southeast Asia Air Purifier Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Southeast Asia air purifier market is expected to register a CAGR of greater than 10.5% during the forecast period of 2021 – 2026. Although the COVID-19 pandemic caused an increase in demand from residential sector in Southeast Asian countries (such as Indonesia, Malaysia, etc.) because of increasing awareness. As a whole, the pandemic caused a negative impact on the commercial sector which is a major end-user for air purifiers, thus declining its demand. Factors such as increasing airborne diseases and growing health consciousness among consumers are driving the market. Air pollution from industries is constantly emerging as a big threat to the health of individuals as well as the environment. In recent years, the air purifier market has witnessed a hike in demand fueled by degrading air quality and increasing concerns about health issues. Despite the various technological developments, air purifiers have been perceived as a luxury item in both underdeveloped and emerging economies particularly in the commercial and residential segments, owing to the high installation and maintenance cost. This, in turn, is expected to hinder the growth of the market studied during the forecast period.
Key HighlightsThe Southeast Asia air purifier market is fragmented. Some of the major players include Daikin Industries, Ltd., Sharp Corporation, Koninklijke Philips N.V., IQAir, and Dyson Ltd.
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