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Residential Portable Air Purifier Market size is set to grow by USD 6.30 billion from 2024-2028, Technological innovations and portfolio extension leading to product premiumization to boost the market growth, Technavio

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NEW YORK, June 20, 2024 /PRNewswire/ — The global residential portable air purifier market size is estimated to grow by USD 6.30 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 15.67% during the forecast period. Technological innovations and portfolio extension leading to product premiumization is driving market growth, with a trend towards smart-connectivity in residential portable air purifiers. However, increase in r and d investments and decrease in profit margin poses a challenge. Key market players include 3M Co., AllerAir Industries Inc., AustinAir, Camfil AB, Daikin Industries Ltd., Dyson Group Co., Honeywell International Inc., IQAir AG, Koninklijke Philips N.V., LG Electronics Inc., Lifa Air Plc, NAP SYSTEMS, Newell Brands Inc., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sharp Corp., Unilever PLC, Whirlpool Corp., Winix America Inc., and Xiaomi Communications Co. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Dust collectors, Fume and smoke collectors, and Others), Technology (High-efficiency particulate air, Electrostatic precipitators, Ionizers and ozone generators, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

3M Co., AllerAir Industries Inc., AustinAir, Camfil AB, Daikin Industries Ltd., Dyson Group Co., Honeywell International Inc., IQAir AG, Koninklijke Philips N.V., LG Electronics Inc., Lifa Air Plc, NAP SYSTEMS, Newell Brands Inc., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sharp Corp., Unilever PLC, Whirlpool Corp., Winix America Inc., and Xiaomi Communications Co. Ltd.

Key Market Trends Fueling Growth

ai_trending_factor_new 

The residential portable air purifier market is driven by vendors’ focus on innovation, with smart-connected models gaining popularity. Consumers seek convenient, tech-enhanced products. Honeywell, Blueair, and Xiaomi integrate smart features into air purifiers, using technologies like non-thermal plasma, electrostatic precipitators, and UV-C lamps. These devices target urban households, offering health benefits against smallest particles, pet dander, and other pollutants. Smart sensors and affordability make these gadgets accessible household goods and cleaning supplies. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

ai_dominating_segment_factor_newThe residential portable air purifier market experiences growth due to heightened air quality concerns and advanced technologies. Vendors invest heavily in R&D for differentiation, leading to increased operational costs and reduced profit margins. Keywords: Comfort, Market snapshot, HEPA filters, Dust Collectors, Indoor air quality, Respiratory diseases, Environmental regulations, Airborne diseases, Urban areas, Health consciousness, Standards of living, Developing regions, Air purification technologies, UV irradiation, Pollutants, Premature deaths, Volatile Organic Compounds, Viruses, Bacteria, Mold, Gases, Fumes, Odors.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This residential portable air purifier market report extensively covers market segmentation by

Product 1.1 Dust collectors1.2 Fume and smoke collectors1.3 OthersTechnology 2.1 High-efficiency particulate air2.2 Electrostatic precipitators2.3 Ionizers and ozone generators2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Dust collectors- The Residential Portable Air Purifier Market continues to gain momentum in response to rising health issues caused by Air pollution in urban areas. With an increasing global population, particularly the working-class and emerging middle class, the demand for clean Indoor air quality is on the rise. Health concerns, including respiratory diseases like asthma and allergies, triggered by Airborne particles such as dust mites, molds, and pet dander, are driving market growth. Key players offer Robust after-sales services, ensuring Cost-effectiveness and Competitive pricing. The Healthcare sector and Convenience stores are significant markets, as consumers seek solutions for improving Air quality in their homes. Urbanization and Lifestyles contribute to high Pollution levels, necessitating the use of HEPA filters and Dust Collectors with High-efficiency Particulate Air filtration technology. Environmental regulations and growing Health consciousness are further fueling market growth. Market Snapshot: The Residential Portable Air Purifier Market is expected to reach USDXX billion by 2025, with key players investing in Activated Carbon Filtration and advanced technologies to cater to the needs of Amusement parks, HVAC systems, and other industries.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

In today’s urbanized world, the residential portable air purifier market has emerged as a crucial solution to combat the damaging effects of air pollution on health. With the increasing urbanization and lifestyle changes, the working-class population and urban youth are particularly vulnerable to airborne diseases. The World Health Organization emphasizes the importance of maintaining good air quality in homes and workplaces to ensure optimal health benefits. Robust after-sales services, competitive pricing, and portability are driving forces behind the growing popularity of these gadgets. As standards of living improve in developing regions, the demand for air purifiers is expected to surge. Despite the expensive initial investment, the long-term health benefits make them an attractive alternative for those seeking to mitigate the harmful impacts of urbanization on their well-being.

Market Research Overview

The Residential Portable Air Purifier market is experiencing significant growth due to increasing environmental concerns and the need for improved indoor air quality. These devices utilize various technologies such as HEPA filters, activated carbon filters, UV-C light, and ionizers to remove pollutants and allergens from the air. Urbanization, rising disposable income, and awareness about health issues are key factors driving market expansion. Comfort and convenience are also major considerations, as portable air purifiers offer flexibility and ease of use compared to central air conditioning systems. Companies like HepaFilter, Philips, and Coway are major players in this market, providing a range of products catering to different consumer needs and preferences. The market is expected to continue its upward trend in the coming years, with a focus on energy efficiency, affordability, and advanced filtration technologies.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductDust CollectorsFume And Smoke CollectorsOthersTechnologyHigh-efficiency Particulate AirElectrostatic PrecipitatorsIonizers And Ozone GeneratorsOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

SiriusXM Declares Quarterly Cash Dividend

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NEW YORK, July 22, 2026 /PRNewswire/ — SiriusXM (NASDAQ: SIRI) today announced that its Board of Directors declared a quarterly cash dividend of $0.27 per share of common stock. This regular quarterly dividend is payable in cash on August 26, 2026, to stockholders of record at the close of business on August 10, 2026.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Together, SiriusXM reaches a combined monthly audience of approximately 255 million listeners. SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

Source: SiriusXM

Investor contacts:
Jennifer DiGrazia
investor.relations@siriusxm.com 

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SOURCE Sirius XM Holdings Inc.

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Shutterstock Announces Capital Allocation Update

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NEW YORK, July 22, 2026 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK) (the “Company”), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that at a meeting held on July 20, 2026 its Board of Directors (the “Board”) resolved to suspend the Company’s future quarterly cash dividend.

The Board’s determination reflects its ongoing review of the Company’s capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility.

The Board will continue to evaluate the Company’s capital allocation priorities as part of its regular governance process. Any future declaration and payment of dividends, and the amount thereof, will remain subject to the discretion of the Board and will depend upon the Company’s results of operations, financial condition, capital requirements, contractual restrictions, applicable law, and such other factors as the Board deems relevant.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may discuss intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise. Forward-looking statements speak only as of the date they are made and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “could,” “expects,” “intends,” “may,” “might,” “ongoing,” “plans,” “seeks,” “should,” “will,”  or the negative of these words and phrases, other variations of these words and phrases or comparable terminology, but not all forward-looking statements include such identifying words. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those indicated or anticipated by such forward-looking statements. The forward-looking statements in this press release relate to, among other things, the Company’s capital allocation strategy, the suspension of the Company’s quarterly cash dividend, the Company’s plans with respect to debt reduction, interest expense management and financial flexibility, and any future declaration and payment of dividends. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the sections captioned “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the Securities and Exchange Commission. While those factors are considered representative, no list of risk factors should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. The Company assumes no obligation to update forward-looking statements, and the Company disclaims any such obligation, except as may be required by law.

About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world’s largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.

Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.

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SOURCE Shutterstock, Inc.

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ICI Welcomes Bipartisan Sponsors of Bill to Stop States from Seizing Long-Term Investors’ Savings

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WASHINGTON, July 22, 2026 /PRNewswire/ — The Investment Company Institute released the following Viewpoints blog. To learn more about why this issue matters and how the SAFER Act would help protect American investors, watch our video on LinkedIn.

Millions of American investors have adopted the advice given by financial advisors to invest for the long term and then leave those savings alone. In some states, however, following this guidance can get your account seized. That was the warning sounded at an event featuring the sponsors of the bipartisan SAFER Act, Representatives Sam Liccardo (D-CA) and Mike Lawler (R-NY), who joined ICI leaders to make the case for a federal solution to the problem of state unclaimed property laws that can treat buy-and-hold investors as though they have disappeared. 

ICI President and CEO Eric Pan opened the event by outlining the nature of this growing threat. More than 128 million Americans invest in regulated funds, many with the intention of holding them for years, following the advice of many financial educators to “stay in the market, invest for the long term.” They put their money away and go about their lives, confident that the savings will be there when they need it. But under some states’ laws, an account that shows no activity can be declared abandoned and taken into state custody through a process called escheatment.

Pan walked through what seizure means in practice. When a state escheats an investment account, it typically liquidates the holdings — so even an investor who eventually recovers the money gets back only what the account was worth at seizure, with no credit for years of market gains. For retirement accounts, the forced liquidation can also trigger unforeseen tax consequences. And recovering the money at all can take years of paperwork and persistence. Meanwhile, some states are moving in the wrong direction, loosening their rules to make it easier to capture assets. 

“This is where the leadership of Congressmen Lawler and Liccardo is so important,” Pan said. “They’ve introduced the SAFER Act, a federal solution to a problem that exists across the United States. This patchwork of different legal standards, and the fact that the legal standards change constantly, creates a lot of confusion and creates this risk and harm that we’re so worried about.” 

In a panel discussion, the two lawmakers described the issue as an obvious place for Democrats and Republicans to find common ground, given Americans’ widespread use of investment accounts for saving.

“We are, for the most part, a group of Americans who sit on our investments, which is more or less the right strategy,” Liccardo said, noting that this is exactly the approach that inactivity standards put at risk. 

Liccardo pointed to the widely reported case of Walter Schramm, an investor who bought Amazon shares in the late 1990s and then did what many long-term investors do: leave the account be. Delaware deemed the account abandoned and liquidated the shares in 2008, when they worth about $8,000. By the time Schramm discovered what happened years later, the position would have been worth roughly $100,000.

The financial incentives driving state behavior are a concern, Liccardo noted. Unclaimed property has become one of Delaware’s largest sources of revenue, bringing in more than half a billion dollars a year — a powerful reason for states to loosen their standards rather than tighten them. 

Lawler contrasted legitimate unclaimed property programs and what some states are doing now. “It’s one thing to get an asset because it’s truly abandoned,” he said. “It’s another to basically target a group of investors who have a long-term strategy of just not touching the asset and being passive.”

The right standard, Lawler argued, is the obvious one: before seizing investment assets, a state should have to prove the owner is actually deceased. He posited that most Americans would be shocked to learn how little protection they have. “You think you have ownership of this asset, but the state, under current law, can just take it.”

The SAFER Act would establish federal guardrails ensuring that inactivity alone cannot be the basis for escheatment and that states confirm the death of an owner and that no estate or beneficiary has claimed the assets before escheating investment accounts. It would also require states to leave unclaimed investments in place, rather than liquidating them, until they can prove abandonment.

Both lawmakers said the path to fixing the problem is through public awareness of the threat some state laws pose to Americans financial security. “Ultimately the American people will rise up,” Liccardo said. “It may take a little while. We just have to get the information to them.”

Contact: media@ici.org 

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SOURCE Investment Company Institute

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