GCC Air Purifier Market Poised To Witness Robust Growth Owing To Rising Air Pollution Levels
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| GCC Air Purifier Market |
The GCC Air Purifier Market
comprises devices and equipment that help filter pollutants and impurities from
indoor air. Air purifiers remove particles like pollen, dust, pet dander, mold
spores, and other pollutants from the air to improve indoor air quality. They
provide cleaner and fresher air by trapping allergens, pollutants, and other
contaminants in the HVAC systems or inside the purifier.
The global GCC Air Purifier
Market is estimated to be valued at US$ 127.3 Mn in 2023 and is expected to
exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in
a new report published by Coherent Market Insights.
Market Dynamics:
Rising awareness about air
pollutants and their adverse health effects is expected to drive the GCC Air
Purifier market over the forecast period. Poor air quality due to increasing
pollution has resulted in growing incidences of asthma, allergies, and other
respiratory issues. Air purifiers help reduce indoor air pollution and provide
cleaner air. Moreover, growing construction activities in GCC countries are
leading to high levels of suspended particulate matter (SPM) in the air. Air
purifiers effectively trap SPM and other pollutants circulating indoor air,
thereby proving beneficial in containing health issues. However, high product
and maintenance costs of HEPA-grade air purifiers hinder market growth.
SWOT Analysis
Strength: The GCC air purifier
market has high penetration opportunities given the growing air pollution
levels in GCC cities. The rising health awareness among consumers regarding
ill-effects of indoor air pollution is driving the demand for air purification
solutions. Growing disposable incomes in the region is encouraging consumers to
spend on premium air purifiers with advanced features.
Weakness: High product and
maintenance costs of air purifiers restricts its adoption among cost-sensitive
consumers in GCC. Lack of awareness about different air purifier technologies
available confuses consumers in selecting the right product.
Opportunity: Growing smart home
trend and integration of air purifiers with IoT devices presents an opportunity
for manufacturers to develop smart and connected air purifiers. Rising
pollution from construction activities offers scope for increased sales of
commercial air purifiers in the GCC region.
Threats: Economic volatility in
the GCC region hampers the spending power of consumers. Growing preference for
natural ventilation alternatives like indoor plants poses threat to market
revenues. Strict government regulations regarding indoor air quality can
negatively impact market demand.
Key Takeaways
The Global
GCC Air Purifier Market Size is expected to witness high growth. The
market size is projected to reach US$ 227.7 Mn by 2030 from US$ 127.3 Mn in
2023, expanding at a CAGR of 5.7% during the forecast period. Growing health
concerns due to rising pollution levels and increasing disposable incomes are
driving the demand for air purifiers across GCC countries.
Regional analysis: The UAE dominates the GCC air purifier market
and is expected to remain the highest revenue generating country during the
forecast period. Robust economic growth and increasing construction activities
have deteriorated the air quality in major cities of UAE like Dubai and Abu
Dhabi. This is encouraging consumers to adopt air purifiers for indoor air
filtration. Saudi Arabia is projected to witness fastest growth at a CAGR of
6.4% owing to rapid urbanization and expanding real estate sector.
Key players: Key players operating in the GCC air purifier market
are E. & J. Gallo Winery, Constellation Brands, Inc., The Wine Group,
Treasury Wine Estates, Vinexpo. E. & J. Gallo Winery leads the market with
over 25% value share attributed to its wide distribution network and strong
brand presence across GCC countries. Constellation Brands, Inc. is another
major player focusing on developing energy efficient air purifier models for
commercial establishments in the region.
Get More Insights Here
https://www.newswirestats.com/gcc-air-purifier-market-size-share-growth-outlook-2023/
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