Air Purifier Market Size, Share, Growth Analysis, By Technology(Activated Carbon, High Efficiency Particulate Air (HEPA)), By Application(Residential, Industrial) - Industry Forecast 2024-2031

Air Purifier Market size was valued at USD 13.01 billion in 2019 and is poised to grow from USD 13.97 billion in 2023 to USD 25.97 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).

Rising prevalence of airborne diseases, coupled with the rapidly increasing air pollution levels across the globe is projected to influence the growth of the global air purifier market over the forecast period. Moreover, growing health consciousness, improved living standard, and rising disposal income are likely to be another key factor driving the market growth in the coming years.

Several government bodies are focusing on regulating air pollution by introducing several types of stringent regulations and standards for better indoor air quality, which are anticipated to contribute in the market growth. In addition, numerous campaigns for air pollution control undertaken across the world by several governments and NGOs are expected to have positive impact on the global air purifier market. For instance, in September 2020, Phillips took innovative efforts for homes, schools, and offices to promote clean air delivery in the nation. Phillips is collaborating with specialists in the area to investigate the influence of air filtration into the levels of indoor viral aerosols.

Rapid urbanization, industrialization, and modernization have led to a massive increase in the global pollution level, it has resulted in making breathing difficult and subsequently has led to people suffering from breathing problems like asthma. This is the major reason for the increase in demand for air purifiers. Furthermore, key players and new emerging players are focusing on utilizing and providing the best and advanced technology in the form of air purifiers. Thus, upgradation of technology, increasing investment, and growing R&D have contributed to the global air purifier market to expand. For instance, Daikin launched the MC55 series of air purifiers for the Middle East and African (MEA) region. This air purifiers are designed by Daikin’s unique patented Streamer Technology, and have various features such as powerful suction, very low noise, high performance Electrostatic HEPA filter to catch fine and small dust particles, and that can be replaced after 10 years.

US Air Purifier Market  is poised to grow at a sustainable CAGR for the next forecast year.