Market Size of Singapore Air Purifier Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 195.11 Million |
| Market Size (2029) | USD 264.38 Million |
| CAGR (2024 - 2029) | 6.26 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Singapore Air Purifier Market Analysis
The Singapore Air Purifier Market size is estimated at USD 195.11 million in 2024, and is expected to reach USD 264.38 million by 2029, growing at a CAGR of 6.26% during the forecast period (2024-2029).
- Over the long term, factors such as increasing airborne diseases and growing health consciousness among consumers are driving the market.
- On the other hand, despite the various technological developments, air purifiers have been perceived as a luxury item in both underdeveloped and emerging cities in Singapore, particularly in the commercial and residential segments, owing to the high installation and maintenance costs. This, in turn, is expected to hinder the market's growth.
- Nevertheless, growing air pollution in densely populated cities such as Bukit Timah, Geylang, and Kallang has emerged as a major challenge, with damaging impacts on the environment, public health, and agricultural crop yields. However, such problems are likely to create several opportunities for the air purifier market in the future.
