The GCC air purifier market is projected to grow at a compound annual growth rate (CAGR) of 17.1% from 2022 to 2032, or US$ 565.07 million. The air purifier market is expected to generate over 90% of its revenue from the commercial sector. This is mostly because the GCC countries are working harder to diversify their economies and because the region’s services, tourism, hospitality, and healthcare industries are receiving more attention.
The report analyzes some of the major challenges that are inhibiting market growth. The air purifier’s positioning among the consumers is that of a luxury product and not necessity which will act as an inhibiting factor for the market growth in GCC region. The high price of air purifier also hinders the use of this product. Moreover, the cost of changing the filters is high. Filters in air purifiers must be changed timely, otherwise they become the source of contaminated air. This aspect, therefore, is a challenge to the market of air purifiers.
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On the basis of geography, the GCC air purifiers market is segmented into Kuwait, Qatar, Bahrain, Oman, UAE, and the kingdom of Saudi Arabia. Of these, the kingdom of Saudi Arabia held a leading position within the market in the past. In terms of fastest growth, the U.A.E is estimated to expand at a whopping 17% CAGR between 2014 and 2020.
On the basis of technology, the high efficiency particulate air (HEPA) segment is anticipated to be the leading segment, closely followed by the electrostatic precipitator segment. Both these segments collectively accounted for over 50% of the total market for air purifiers in GCC in the year 2014. Sluggish growth rate is anticipated for the ion and ozone generator technology segment on account of the adverse effects it has on human health in the long run. On account of the low maintenance cost, the demand for filter-less technology of air purification will see a considerable rise in the forecast period. The maintenance cost of changing filters routinely, is high. Thus, consumers in the GCC region are increasingly opting for filter-less technology for air purification.
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The report profiles key players within the GCC air purifier market for the purpose of study. According to the report key players in the market and joining hands with regional players so as to strengthen deposition and enter that region. Some of the key players within the market are: Sharp Corporation, Coway, Panasonic, and Hitachi. The report studies the business and financial overview of these companies and their recent developments.
The information on collaborations, partnerships, and mergers and acquisition activities between companies is also given in the report. The business strategies adopted by leading players have also been revealed. The challenges faced by players in their pursuit for progress within the market have also been divulged. As such, this report is extremely useful for both, players at the entry level and those which are well-established and potential investors, in making smart and informed decisions relating to investments in the air purifiers market.
Key Segment
By Technology
- HEPA Based Air Purifier
- Ion & Ozone Generator Based Air Purifier
- Electrostatic Precipitator based Air Purifier
- Activated Carbon based Air Purifier
- Other Technology based Air Purifier
By End Use
- Residential
- Commercial
By Region
- KSA
- UAE
- Rest of GCC
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