USD 13.01 billion
Global Air Purifier Market Size, Share, Growth Analysis, By Technology(Activated Carbon, High Efficiency Particulate Air (HEPA)), By Application(Residential, Industrial) - Industry Forecast 2024-2031
Report ID:
SQMIG25H2029 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
64 |
Figures:
75
Global Air Purifier Market Insights
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
7.3% CAGR
Global Air Purifier Market 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Air Purifier Market Size By Application 2021-2028 ($ Bn)
Global Air Purifier Market Size By Application 2021-2028 (%)
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Global Air Purifier Market Segmental Analysis
Global air purifier market is segmented on the basis of technology, application, and region. By technology, the Air Purifier Market is sub-segmented into activated carbon, high efficiency particulate air (HEPA), ionic filters, and other. By application, the Air Purifier Market is categorized into residential, commercial, and industrial. By region, the Air Purifier Market is divided into North America, Europe, Asia Pacific, and MEA.
Air Purifier Market Analysis by Technology
By technology, HEPA held the largest market share and accounted for more than 41% of the global revenue in 2021. Because of their high efficiency in trapping airborne particles, including dust, smoke, pollen, and bio-contaminants. The great build quality and high reliability of HEPA filters are expected to boost the product demand in the global air purifier market.
Moreover, activated carbon segment accounted for a significant share of the market in 2021. Increasing use of activated carbon purifiers to eliminate foul odors is projected to drive revenue growth of the segment during the forecast period. Additionally, it filters and eliminate hazardous gases, such as hydrogen sulphide, ammonia vapors, benzene, and formaldehyde. They can also be used to reduce amount of ozone in indoor air.
Air Purifier Market Analysis by Application
By application, the commercial segment dominated the market and accounted for more than 56% market share in 2021, and is expected to maintain its dominance throughout the forecast period. Owing to widespread use of air purifiers in commercial applications, such as hospitals, hotels, airports, shopping malls, and movie theatres. Furthermore, demand for air purifiers is increasing rapidly, as employers are becoming more conscious about health of their employees. For instance, in September 2022, LG Electronics Australia has launched its new commercial air purifier AG16GBWX0, a complete air care solution designed to improve and maintain air quality of commercial indoor environments.
Global Air Purifier Market By Application 2021 (%), 2023 (%)
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Global Air Purifier Market Regional Insights
Asia Pacific dominated the global air purifier market with a holding of more than 40.5% of the overall market in 2021, because of the several factors, including industrialization, rapid urbanization, and growing population with increased disposal income. Moreover, increasing smog and air pollution especially in developing nations such as India and China, are expected to increase the adoption of air purifiers in the region. For instance, in October 2021, Dyson launched two new air purifiers in India as seen a rise in the pollution levels in India. Dyson upgraded Dyson Purifier Hot + Cool and Dyson Purifier Cool for achieving fully-sealed HEPA 13 standard filtration.
North America is anticipated to grow at a significant CAGR of 7.3% over the forecast period. Favourable government initiatives such as establishing national ambient air quality standards by the U.S. EPA, the U.S. Clean Air Act, and comprehensive strategies for reduction of pollution levels by Environment Canada are expected to create lucrative opportunities for air purifier manufacturers. According to the US Environmental Protection Agency, US residents spend a colossal amount of time indoors, where various types of pollutants are concentrated.
Global Air Purifier Market By Geography, 2021-2028, 2024-2031
- Largest
- Fastest
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Global Air Purifier Market Dynamics
Air Purifier Market Drivers
- Increasing awareness among consumers regarding health due to the mounting incidences of airborne infected diseases and viral infections. Moreover, the emergence of several life-threating epidemics such as Swine flu and Avian influenza have been fostering the growth of the global air purifier over the last few decades.
- Rapid industrialization has led to high emissions of dangerous gases, chemicals, and biological components, and it has resulted in higher levels of air pollution. Due to this, the demand for air purifiers in manufacturing companies and industrial areas has increased. In addition, rising demand for built-in air purifiers in commercial and residential spaces due to the increasing prevalence of infectious diseases is likely to be the factors driving the market growth.
Air Purifier Market Restraint
- Technical constraints associated with the air quality monitoring products is expected to hamper the market growth throughout the forecast period. Most of the portable and standalone air purifiers are capable to monitor air quality in very short area and do not have the capabilities to collect data in three-dimension, which is restricting their acceptance to some extent.
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Global Air Purifier Market Competitive Landscape
Global air purifier market is extremely fragmented due to the presence of well-established market players, such as Panasonic Corporation, Daikin Industries Ltd., and Samsung. Prominent market players seek opportunities extend their value chain while focusing on the expansion of product portfolio, R&D investments, and M&A activities to gain a larger impetus.
Top Players in the Global Air Purifier Market
- Sharp Corporation
- Honeywell International Inc.
- Panasonic Corporation
- Daikin Industries, Ltd.
- LG Electronics Inc.
- Coway Co., Ltd.
- Blueair AB
- Camfil AB
- Samsung Electronics Co., Ltd.
- Whirlpool Corporation
- Philips International B.V.
- Xiaomi Corporation
- Dyson Ltd.
- 3M Company
- Alen Corporation
- IQAir AG
- Molekule, Inc.
- Austin Air Systems Limited
- Rabbit Air
- Winix Inc.
Air Purifier Market Recent Developments
- In February 2022, LG Electronics announced their plan to launch new and improved PuriCare Wearable Air Purifier in Qatar. It is created with a fully automatic fan airflow control system, which helps in increasing breathing comfort and incorporates two H13 HEPA filters.
- In August 2021, Panasonic Corporation started their shipments of IAQ devices, such as energy recovery ventilator systems and air purifiers, through its new manufacturing unit in Shunde District of the city of Foshan, Guangdong Province, China.
- In April 2020, Daikin Industries Ltd. invested USD 2 million in U.S. based start-up company Locix Inc. to leverage its spatial for furthering its AC solutions business.
Global Air Purifier Key Market Trends
- Manufacturers of air purifiers are increasing their output capacity of battery-powered devices the size of a travel mug. Portable air purifiers are getting more popular in workplaces and shops. Disposable HEPA filters are continuously being replaced by removable and washable filters. Ans, by using cutting-edge technologies like photocatalytic technology and ultraviolet LEDs, pathogens and irritants are being broken down in very small and tiny particles.
Global Air Purifier Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the global air purifier market is expected to grow at significant growth rate during the forecast period owing to advancements in air purifier products, lowering the cost, ease to use along with features like washable and removable. In addition, several campaigns are programs operating by various government bodies to reduce air pollution and emission across the globe is likely to be the key driving factor of the market in the near future. Additionally, acquisitions and collaboration among key players for the development are also expected to contribute in the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 13.01 billion |
| Market size value in 2031 | USD 25.97 billion |
| Growth Rate | 7.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Air Purifier Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Air Purifier Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Air Purifier Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Air Purifier Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Air Purifier Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Air Purifier Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Air Purifier Market Report Snapshots
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