The GCC Air purifier market is expected to surpass US$ 380.1 Mn by 2030, exhibiting a CAGR of 16.9% during the forecast period (2023-2030). The growing end-use industries such as construction and automotive are expected to further boost the GCC Air purifier market growth.
An air purifier is an advanced electrical devices used to purify the air in the room by eliminating harmful particulates. These devices are designed to captured dust and pollen from the environment and distribute purified air which is performed by filters present in the air purifier. An air purifier works on three levels of purifications and these include particulate matter which is composed of the big particles, the chemical pollutants, and then the final one is virus and bacteria purification that are present in variable sizes in the environment. Air purifier are gaining huge demand across residential as well as commercial sectors due to its efficiency to remove all the inorganic and organic contaminants from the environment.
GCC Air Purifier market accounted for around US$ 108.9 Mn in 2022 and it is predicted to grow at a CAGR of 16.9% during the forecast period (2023-2030).
Driver
Emerging non-oil sectors in the region such as healthcare services and offshore ship maintenance is another major factor expected to propel the market growth of the GCC air purifier. Diversification of the economy of GCC is generating numerous employment is accelerating economic growth and standard of living of consumers in the region. This is encouraging them to spend on advanced home appliances such as air purifier, thus propelling market growth.
Growth in the residential sectors across the GCC region is expected to fuel the market growth of air purifiers. Regulatory bodies in the region are focusing on developing residential infrastructure due to increasing populations which is expected to fuel the market growth of air purifiers. Expanding real estate sector due to growing disposable income of the population is another major factor expected to bolster the market growth of air purifiers over the forecast period.
Market Opportunities
Increasing cases of breathing disorders in the GCC region is accelerating the demand for air purifiers. This is expected to offer enormous potential growth opportunities in the market. Strict protection laws and growing health awareness among the consumers in the GCC region is another major factor that is expected to augment the market growth. Growing industrialization coupled with the increasing mining activities in the region has significantly contributed to air pollution which is further expected to propel the market growth of the GCC air purifiers.
Restraint
Lack of awareness regarding the benefits of air purifiers is expected to hinder the market growth. The GCC air purifiers market is still at the nascent phase due to lack of awareness regarding the health issues associated with indoor contaminant air. This is expected to hamper the GCC air purifiers market growth over the forecast period.
Key Takeaways:
On the basis of end-user, commercial dominated the GCC air purifiers market in 2021 with around 90% of market share in terms of revenue, followed by the residential segment.
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Market Trends
Rising adoption of advanced technology such as high-efficiency particulate air (HEPA) in the region is expected to foster the market growth over the forecast period. High-Efficiency Particulate Air (HEPA) filters are highly advanced and efficient in terms of cleaning the indoor air by trapping airborne particles such as pollen, smoke, dust, and bio-contaminants. Thus, increasing adoption of advanced air purifier technology will favor the market growth.
Growth in the hospitals, offices, conference centers, educational centers, shopping malls, movie theaters, and other recreational facilities in the region is expected to augment the market growth of the air purifier. Increasing installation of air purifiers in the offices in order to maintain the quality of indoor air is also expected to foster the market growth of the air purifier. An increasing number of the power plant and other manufacturing facilities is further anticipated to foster market growth.
Competitive Section:
- Company Names
- Sharp Corp.
- LG
- Samsung
- Hitachi
- Panasonic
