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Air Purifier Market Size, Future Trends, Growth Key Factors, Demand, Share, Application, Scope, and Opportunities Analysis by Outlook 2032

In 2021, the global air purifier market was valued at approximately USD 11.5 billion. The industry is experiencing rapid growth as companies introduce technologically advanced air purifiers equipped with various wireless technologies. By 2032, the market is expected to reach USD 26.0 billion, showcasing a Compound Annual Growth Rate (CAGR) of 7.8% from 2022 to 2032.
In today’s consumer electronics market, products are often certified with ratings that indicate their energy-saving capabilities. Appliances such as refrigerators, heating and cooling devices, kitchen appliances, electronics, and more, collectively account for over 81% of energy consumption. Air purifiers that are ENERGY STAR certified are approximately 27% more energy-efficient compared to standard models, resulting in cost savings for consumers on their utility
People are becoming more aware about their health and fitness as a result of increasing health awareness. The impact of air pollution in causing respiratory disorders, such as acute respiratory infections and chronic obstructive pulmonary disease, is well established. Because industrialization, urbanization, and contemporary lifestyles cannot be compromised on, strategies to reduce emissions and reverse the problem of poor air quality are gaining traction. Air purifiers are proving to be the most promising solution for addressing poor air quality.
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The air purifier market has seen a lot of claims made by manufacturers in order to promote their brand and level up the competition. As a matter of fact, consumer purchase patterns are often influenced by company claims.
Producers and brand owners have focusing on improving efficiency and efficacy of their products to woo increasing number of consumers. LG, for example, stated that in 2020, it will produce a one-of-a-kind cover for the PuriCare Wearable Air Purifier that will use the company’s UV nano sterilisation technology to kill 99.99 percent of germs in under 30 minutes using UV-C LED rays.
Air Purifier Market Outlook Compared to Growth Registered in 2016-2020
The outbreak of the novel COVID-19 dampened sales prospects due to restrictions impos4ed on, which also caused disruptions in supply chains activities across various industries. Contrary to this, the unprecedented pandemic outbreak also made people more cautious about air they breathe.
The focus on disinfection and living in a hygienic environment was at its peak during COVID-19, which has helped the air purifier market to recuperate from the pandemic-induced restrictions.
In the coming years, the demand for air purifier will get stronger, especially as consumers exhibit higher willingness to maintain healthy indoor air quality. Driven by this, the global air purifier market will exhibit 11.3% CAGR between 2021 and 2031 in comparison to 8.5% CAGR exhibited in 2016-2020.
The demand for air purifier for home and offices is predicted to increase significantly over the forecast period. Increasing online penetration of leading air purifier manufacturers will also aid growth in the market.

Termite Bait Products Market Size, Analysis, Share, Research, Business Growth and Forecast to 2033

In 2023, the global termite bait products market is estimated to reach a value of US$ 1,543.2 million, with expectations to grow to US$ 2,654.9 million by 2033. Over the forecast period, the adoption of termite bait products is projected to advance at a CAGR of 5.6%.
Key Growths
Climate change is a significant driver behind the expansion of termite populations.
Rising global temperatures are enabling termites to migrate into new geographical regions.
Previously unaffected areas are now facing the threat of termite infestations.
This expansion creates a demand for effective termite control measures.
Termite bait products offer a solution to control termite populations in new regions.
The need for termite control presents a market opportunity for termite bait products.
Regions experiencing the effects of climate change seek efficient methods to manage termite infestations.
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The integration of advanced technologies such as IoT, data analytics, and remote monitoring systems allows for more efficient and targeted termite control. Smart baiting stations equipped with sensors can provide real-time data on termite activity, enabling proactive treatment and reducing the risk of infestation. This technology-driven approach creates new avenues for innovation and differentiation in the market.
The expansion of the construction industry and urbanization in developing regions is fueling the demand for termite control solutions. As these regions witness rapid infrastructure development, there is an untapped market for termite bait products, particularly in residential and commercial construction projects. Partnerships and collaborations between manufacturers and pest control service providers can unlock synergies and offer comprehensive termite management solutions. Integrated pest management strategies that combine baiting systems with other preventive measures can address the diverse needs of customers and open up new market opportunities.
Key Takeaways from the Report:
As per FMI, the United States is spearheading the growth across North America, accounting for nearly 23.8% of market share in 2022.
Sales of termite bait products are expected to surge at 18.1% CAGR across India in 2022.
Germany is expected to account for 7.4% of the total market share in Europe.
As per Future Market Insights, on ground are expected to dominate the bait system with a market share of 20.3%.
As per FMI, the subterranean termites segment is poised to expand at over 39.3% CAGR in 2022.