GCC Air Purifier Market | Coherent Market Insights

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GCC AIR PURIFIER MARKET ANALYSIS

• GCC Air Purifier Market, By End-User (Commercial,
  Residential), By Technology (High-Efficiency
  Particulate Air (HEPA), Electrostatic
  Precipitator, Ion Ozone Generators, Activated
  Carbon, Other Technologies), and By Region
  (UAE, KS,A Rest of GCC ) - Size, Share, Outlook,
  and Opportunity Analysis, 2020 2027
• The GCC air purifier market is projected to
  surpass US 260 million by the end of 2027, in
  terms of revenue, growing at CAGR of 17.4 during
  the forecast period (2020 to 2027).

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Drivers

• 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.

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• 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.

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Figure 1. GCC Air Purifier Market, Revenue Share
(), By Region, 2019
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Market Restraints

• The high installment and maintenance cost of the
  air purifier is expected to hamper the market
  growth of the GCC air purifier. Moreover, lack of
  awareness regarding the disease caused by indoor
  contaminant air such as asthma and other
  respiratory disease is further expected to
  restrict the market growth of the GCC air
  purifier.
• People in the GCC region do not consider as a
  necessity since they are unaware of the benefits
  of air purifiers. This is a major factor expected
  to restrict the adoption of air purifiers in the
  region. Thus, hindering the market growth of the
  GCC Air purifier.

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Market Opportunities

• Increasing installation of automation and
  computer system across commercial sectors which
  cause air pollution upon heating is expected to
  fuel the demand for air purifiers. Moreover, GCC
  countries are installing energy-efficient
  regulations and focusing on the source for
  producing cleaner energy technologies. This is
  further expected to propel the market growth of
  the air purifier in the GCC region over the
  forecast period.

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• Increasing focus of manufacturers of the GCC
  region in positioning the product in order to
  create brand awareness among the consumer is
  expected to foster the market growth of air
  purifiers. Various marketers are adopting
  promotional activities such as roadshows and
  radio campaigns for creating brand awareness and
  reaching the target consumers. All these factors
  are expected to offer potential growth
  opportunities to the GCC air purifier market

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Figure 2. GCC Air Purifier Market Opportunity
Analysis
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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.

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Figure 3. GCC Air Purifier Market, Revenue Share
(), By Technology, in 2019
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Competitive Section

• Key players are operating in the GCC Air
  Purifier market are Sharp Corp., LG, Samsung,
  Hitachi, and Panasonic
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