USD 4 Billion
Global Residential Air Purifier Market Size, Share, Growth Analysis, By Type(Standalone/Portable, and In-Duct), By Technology(HEPA, Activated Carbon) - Industry Forecast 2024-2031
Report ID:
SQMIG30K2032 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Global Residential Air Purifier Market Insights
Global Residential Air Purifiers Market size was valued at USD 4 Billion in 2021 and is poised to grow from USD 4.25 Billion in 2022 to USD 6.93 Billion by 2030, at a CAGR of 6.3% during the forecast period (2023-2030).
The global Residential Air Purifiers market is a rapidly growing industry that focuses on providing clean and healthy indoor air for households. Air purifiers are devices designed to remove pollutants, allergens, and contaminants from the air, improving indoor air quality and promoting a healthier living environment. The purpose of the residential air purifiers market is to address the increasing concerns about indoor air pollution and its impact on health. With factors such as urbanization, industrialization, and a rise in pollution levels, the need for effective air purification solutions has become crucial. Residential air purifiers aim to create a safe and comfortable living space by reducing allergens, smoke, dust particles, pet dander, and other airborne pollutants. The high cost of advanced air purifier technologies and the maintenance and replacement costs of filters can limit the adoption of residential air purifiers, especially in price-sensitive markets. Moreover, the perception of some consumers that air purifiers may not be necessary in areas with relatively clean outdoor air quality can also hinder market growth.
The market also faces challenges such as the lack of standardized regulations and certifications for air purifiers, which can create confusion for consumers while making purchase decisions. Additionally, market saturation and intense competition among players can pose challenges for new entrants. The residential air purifiers market presents significant opportunities for growth. Technological advancements, such as the integration of smart features and IoT capabilities in air purifiers, offer new avenues for market expansion. The increasing emphasis on energy-efficient and eco-friendly air purifiers aligns with sustainability trends and presents opportunities for market players to cater to environmentally conscious consumers. The global residential air purifiers market serves the purpose of improving indoor air quality and creating healthier living spaces. It is driven by growing awareness of the importance of clean indoor air, but faces challenges such as high costs and consumer perception. However, opportunities lie in technological advancements and the growing demand for energy-efficient and eco-friendly air purifiers. By addressing challenges and leveraging opportunities, the market can continue to grow and meet the increasing demand for clean indoor air.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Standalone/Portable
Fastest Growth
Standalone/Portable
Growth Rate
6.3% CAGR
Global Residential Air Purifiers Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Residential Air Purifiers Market By Type ($ Bn)
Global Residential Air Purifiers Market By Type (%)
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Global Residential Air Purifier Market Segmental Analysis
The global residential air purifiers market is segmented on the basis of type, technology, and region. By type, the market is segmented into Standalone/Portable, and In-Duct. In terms of technology, the market is segmented into HEPA, Activated Carbon, Ionic Filters, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
In 2022, The standalone or portable air purifier segment emerged as the dominant segment in the residential air purifiers market, accounting for the largest revenue share of approximately 65.5%. The popularity of standalone air purifiers can be attributed to their portability, ease of operation without requiring structural changes in the house, and simple maintenance. Additionally, standalone air purifiers offer a wide range of capabilities, including smart controls, sensors, multiple filtration layers, and the ability to be easily moved around, making them highly suitable for residential applications. The significance of having clean air to breathe in households is underscored by the detrimental effects of poor indoor air quality on productivity, health, and the increased risk of chronic respiratory disorders. Therefore, portable air purifiers are considered essential for households seeking to improve indoor air quality.
The in-duct air purifiers segment is expected to witness a Compound Annual Growth Rate (CAGR) of around 6.5% in the residential air purifiers market during the forecast period. This growth can be attributed to the rising awareness of lung diseases associated with deteriorating outdoor air quality. With increased health consciousness and disposable income worldwide, there is a growing investment in home improvement and the installation of air purification systems within the overall Heating, Ventilation, and Air Conditioning (HVAC) system in residential areas. In-duct air purifiers work in conjunction with the furnace unit and central HVAC system to filter the air entering the home, ensuring that the air entering the rooms is sanitized and of higher quality.
Analysis by Technology
The HEPA (High-Efficiency Particulate Absorbing) filter technology segment dominated the residential air purifiers market in 2021, holding a significant revenue share of approximately 40.0%. HEPA filters are renowned for their exceptional performance and reliability in effectively capturing and eliminating airborne particles. These filters can remove up to 99.97% of pollutants with a size of 0.3 microns or larger. Initially developed by the US Atomic Energy Commission for the nuclear industry to filter out radioactive particles, HEPA filters have gained widespread adoption due to their high efficiency in trapping various airborne contaminants like pollen, dust, smoke, and bio-contaminants. However, it's important to note that HEPA filters do not trap other air contaminants such as Volatile Organic Compounds (VOCs), viruses, bacteria, and mold.
Another significant technology segment is activated carbon or activated charcoal filters, which are expected to exhibit a Compound Annual Growth Rate (CAGR) of approximately 6.8% during the forecast period. Activated carbon filters are highly efficient in trapping gasses, fumes, and odors due to the large surface area of the carbon granules and their microporosity. They are commonly used to absorb gases and odor emanating from sources such as cooking, mold, chemicals, pets, and smoke.
Global Residential Air Purifiers Market By Type, 2023 (%)
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Global Residential Air Purifier Market Regional Insights
In 2022, Asia Pacific emerged as the dominant region in the residential air purifiers market, capturing the largest revenue share of approximately 42.0%. Several factors contribute to the region's dominance, including robust urbanization, rapid industrialization, a growing population, and increasing disposable income levels. Moreover, major countries in the region, such as India and China, are grappling with escalating concerns over smog and deteriorating air pollution. The growing awareness among the population and government interventions aimed at mitigating the impacts of air pollution have led to an increased adoption of air purifiers, driving the market growth in Asia Pacific. According to the Clean Air Coalition report of 2019, over 35% of global premature deaths resulting from air pollution occurred in East Asia, followed by South Asia. Furthermore, South Korea ranks highest among OECD countries in terms of average annual PM 2.5 exposures, with coal plants contributing to over 40% of the country's energy mix.
In North America, the market for residential air purifiers is expected to witness a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period. The high penetration and increasing adoption of residential air purifiers in North American households can be attributed to air quality policies implemented by regulatory bodies such as the U.S. Environmental Protection Agency (EPA) and the U.S. Clean Air Act. Additionally, comprehensive strategies for emission reduction by Environment Canada have created opportunities for residential air purifier manufacturers. The growing installation of comprehensive ambient air quality monitoring systems, along with the development and implementation of regulatory actions and air quality management programs, aims to create awareness among the population and is expected to drive the demand for air purifiers in Mexico in the coming years.
Global Residential Air Purifiers Market By Geography, 2024-2031
- Largest
- Fastest
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Global Residential Air Purifier Market Dynamics
Drivers
Increasing Awareness about Indoor Air Quality
- In 2022, there was a growing awareness among consumers about the importance of maintaining clean indoor air. The understanding of the health risks associated with indoor air pollution, allergies, and respiratory diseases propelled the demand for residential air purifiers. Consumers became more proactive in seeking solutions to improve their indoor air quality, leading to increased adoption of air purifiers.
Growing Urbanization and Industrialization
- Rapid urbanization and industrialization globally have contributed to deteriorating outdoor air quality. As a result, people are becoming more conscious of the need to protect their living spaces from pollutants. The rise in urban population and increasing industrial activities have driven the demand for residential air purifiers as individuals seek to create a healthier indoor environment.
Restraints
Cost of High-Quality Air Purifiers
- One of the restraints in the residential air purifiers market is the cost associated with high-quality air purifiers. Advanced technologies and features in air purifiers often come with a higher price tag, making them less accessible to price-sensitive consumers. The cost factor can hinder the adoption of air purifiers, particularly in emerging economies or among budget-conscious buyers.
Limitations in Effectiveness for Certain Contaminants
- While residential air purifiers are effective in capturing and removing various airborne particles, they may have limitations in addressing certain contaminants like volatile organic compounds (VOCs), viruses, bacteria, and mold spores. This limitation necessitates the use of additional technologies or combination filtration systems to effectively address these specific pollutants.
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Global Residential Air Purifier Market Competitive Landscape
The global residential air purifiers market is highly competitive, with numerous players vying for market share and striving to maintain their positions. The competitive landscape is shaped by factors such as product innovation, technological advancements, distribution networks, and brand reputation. Prominent companies operating in the global residential air purifiers market include Honeywell International Inc., Sharp Corporation, Dyson Ltd., Blueair AB, Coway Co., Ltd., LG Electronics Inc., Whirlpool Corporation, IQAir AG, Panasonic Corporation, and Philips International B.V., among others. These companies have established themselves as key players in the industry and have a strong presence in various regions globally. To gain a competitive edge, market players focus on product differentiation and innovation. They continuously invest in research and development to introduce advanced technologies and features in their air purifier models. Companies strive to offer improved filtration systems, smart controls, air quality sensors, and energy-efficient solutions to meet the evolving needs of consumers.
Top Player’s Company Profiles
- Honeywell International Inc. (US)
- Sharp Corporation (Japan)
- Dyson Ltd. (UK)
- Blueair AB (Sweden)
- Coway Co., Ltd. (South Korea)
- LG Electronics Inc. (South Korea)
- Whirlpool Corporation (US)
- IQAir AG (Switzerland)
- Panasonic Corporation (Japan)
- Philips International B.V. (Netherlands)
- Xiaomi Corporation (China)
- Daikin Industries, Ltd. (Japan)
- Molekule Inc. (US)
- Rabbit Air (US)
- Cowaymega (South Korea)
- Alen Corporation (US)
- Winix Inc. (South Korea)
- Airfree Produtos Electrónicos SA (Portugal)
- Levoit (US)
- Austin Air Systems Limited (US)
Recent Developments
- In June 2023, Philips, a Dutch electronics company, announced that it had launched its new Philips Series 3000i air purifier. The new model is designed to be more energy-efficient than previous models.
- In May 2023, Dyson, a British technology company, announced the launch of its new Dyson Purifier Cool Formaldehyde. The new model is designed to remove formaldehyde, a type of air pollutant that can be harmful to human health.
- In March 2023, Blueair, a Swedish air purifier manufacturer, announced that it had acquired the assets of Austin Air, a US-based air purifier company. The acquisition will allow Blueair to expand its reach in the US market.
Global Residential Air Purifier Key Market Trends
- Increasing Focus on Personalized Medicine: Integration of Smart Features: In 2022, the integration of smart features and connectivity in residential air purifiers gained traction. Manufacturers incorporated IoT capabilities, Wi-Fi connectivity, and smartphone applications to offer advanced control, real-time monitoring, and smart scheduling options. The trend towards smart homes and the convenience of controlling air purifiers remotely contributed to the adoption of smart air purifiers.
- Focus on Energy Efficiency and Sustainability: Another key trend was the emphasis on energy-efficient and sustainable air purifier solutions. Manufacturers introduced energy-saving features, eco-friendly materials, and low-power consumption models to cater to environmentally conscious consumers. This trend aligned with the global sustainability movement and the increasing demand for eco-friendly home appliances.
Global Residential Air Purifier Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis of the global residential air purifiers market, North America emerged as the dominant region in terms of revenue share owing to the increasing awareness about indoor air pollution, coupled with the rise in prevalence of respiratory diseases, and technological advancements in air purifier technologies. The presence of major market players and a well-established distribution network further contribute to North America's market leadership. Asia Pacific is experiencing the fastest growth in the residential air purifiers market. Factors such as rapid urbanization, rising pollution levels, and growing health consciousness among consumers are driving the demand for air purifiers in the region. Additionally, government initiatives promoting clean air, increasing disposable incomes, and improving standards of living fuel the market growth in Asia Pacific. The market for residential air purifiers is characterized by various product types, including High-Efficiency Particulate Air (HEPA) filters, activated carbon filters, and electrostatic precipitators. Among these, HEPA filters dominate the market due to their high efficiency in removing airborne particles, allergens, and pollutants. When it comes to the biomaterial segment, polymeric materials show promising growth potential in the residential air purifiers market. The use of innovative polymer-based filtration technologies offers benefits such as enhanced filtration efficiency and durability. The market is driven by factors such as increasing concerns about indoor air quality, rising cases of respiratory diseases, and a growing focus on health and wellness. Technological advancements, such as smart features and IoT integration in air purifiers, also contribute to market growth. However, the market faces challenges such as high product costs, concerns about the effectiveness of certain technologies, and the availability of alternative solutions such as HVAC systems. Additionally, regulatory requirements and quality standards influence market dynamics. Key trends in the residential air purifiers market include the adoption of advanced filtration technologies, such as multi-stage filtration systems, and the development of compact and portable air purifiers to meet consumer preferences. The market is also witnessing a shift towards eco-friendly and energy-efficient air purifiers. The global residential air purifiers market presents opportunities for market players to innovate, develop eco-friendly solutions, and cater to the increasing demand for clean and healthy indoor air.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4 Billion |
| Market size value in 2031 | USD 6.93 Billion |
| Growth Rate | 6.3% |
| 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:-
|
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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 Residential 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 Residential 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 Residential 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 Residential 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 Residential 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 Residential 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 Residential Air Purifier Market Report Snapshots
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