May 19, 2015: US Air Purifiers Market Poised to Grow at 10 Percent CAGR to 2020
Increasing Air Pollution, High Disposable Income, and Improving Consumer Lifestyle to Drive Market
BURNABY, British Columbia — The U.S. air purifiers market is projected to register a compound annual growth rate (CAGR) of around 10 percent from 2015 to 2020, according to the TechSci Research report “United States Air Purifiers Market Forecast & Opportunities, 2020.”
The United States air purifiers market is emerging as one of the largest markets, globally, due to degrading air quality because of rising vehicular pollution and increasing concerns of consumers regarding air contamination, says the report. Over the last few years, the health care and hospitality sectors have emerged as the major commercial target segments for companies offering air purifiers in the U.S. However, demand from the residential and industrial segments is also growing at a fast pace owing to high income levels and rising hygiene concerns.