Air Purifier Market: Global Industry Analysis and Forecast (2023-2029)

The Air Purifier Market size was estimated at USD 13.47 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2029.
Global Air Purifier Market Overview:
An air purifier is a system that removes pollutants from the air and improves the quality of the air. In recent years, the population has shifted to a cleaner environment and sustainable living is investing in products like air purifiers. In the healthcare and commercial sectors, air purifiers are available as small or large units that can be connected to HVAC units, manufacturing, and commercial industries.

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Air Purifier Market Dynamics:
Increased airborne infections and pollution in urban areas should drive demand for air purifiers. In addition, increased disposable income heightened health awareness, and improved living standards are expected to boost Air Purifier Market Growth.

To successfully launch a model in the air purification industry, start-ups are looking to crowdfunding technology. Air quality sensors that work with air purifiers to calculate the risk of viral infections and microbial growth benefit device manufacturers. Market participants are primarily interested in expanding their global reach and presence. To maintain their competitive advantage in the global market, they employ merger and acquisition, alliance, and cooperation tactics. Also, the most important factor driving the progress of air purification technology is the improvement and production of new products. For example, in 2019, American Air & Water Inc. Partnered with the Don Ryan Center for Innovation (DRCI) to support the launch of the Prism UVTM indoor pathogen disinfectant with intelligent light technology.

The integration of new technologies such as the Internet of Things (IoT) and artificial intelligence (AI) is essential to product transformation. To change customer preferences for intelligent and practical products, industry participants need to regularly develop innovations in air purification technology. April 2020 Daikin Industries, Ltd. Invests in Locix Inc, a US start-up company. Invest $ 2 million to expand the AC solutions market with spatial intelligence solutions.
Market Restraints
Due to a lack of awareness and misinformation about the product, Air Purifier is yet to pick up the market. In 2020, many brands see little movement in the sale but given the market condition and awareness among consumers, the market is expected to accelerate in coming years.
Air Purifier Market Segment Analysis:
By Technology, HEPA dominating segment in the Global Air Purifier Market share 39.9% of the global share and is expected to boost the market as the awareness and product need are on the verge to grow. Hotels and restaurants use activated carbon and HEPA air purifiers to remove airborne particles, smoke, and odors from the air and improve air quality. HEPA filters are very effective at capturing pollen, dust, smoke, and bio pollutants in the air. Consumers like them because they can filter over 99% of the airborne particles. As a significant proportion of the world's population suffers from respiratory illnesses such as asthma, these air purifiers suffer by efficiently filtering harmful dust particles to improve overall health.

By Application, The commercial application is dominating segment in the Global Air Purifier Market accounting for 54.4% of the global share in 2022. Commercial uses of air purifiers include hospitals, offices, hotels, educational centers, cinemas, shopping malls, conference centers, and other recreational facilities. Hotels and restaurants use activated carbon and HEPA air purifiers to remove airborne particles, smoke, and odors from the air, improving corporate air quality. The Air purifier is used in dental and medical laboratories, veterinary clinics, animal shelters, kennels, clinics, and hospitals to remove allergens, airborne pathogens, and odors from the air and patients working in these facilities. And maintain the indoor air quality of employees. Due to the ability of air purifiers to limit the spread of infectious diseases, demand is increasing in various medical facilities around the world during the COVID 19 pandemic.


Air Purifier Market Regional Insights:
The Asia Pacific region dominated the market, accounting for 41.6% of global sales in 2022. This is due to several factors, including rapid urbanization and industrialization, and an increase in the high disposable income population. In addition, increased smog and air pollution, especially in countries such as India and China, are expected to increase the acceptance of air purifiers and complement the growth of regional markets.

Advances in urbanization, political measures, and industrialization are some of the factors that have influenced the balance of South Korea's ecosystems and the deterioration of air quality. Increased awareness of health hazards and illnesses caused by exposure to harmful particles at work and home is expected to have a positive impact on national market growth.

North American market is expected to grow at a CAGR of X.X% over the forecast period. Air quality directives such as the introduction of national air quality standards by the US EPA, the US Clean Air Act, and the Comprehensive Emission Reduction Strategy by the Canadian Ministry of the Environment aim to provide new opportunities for air purifier manufacturers.

Increasing the installation of comprehensive systems to monitor ambient air quality, coupled with the development and implementation of regulatory measures and the organization of air quality management programs to raise public awareness, in Mexico is expected to increase the demand for air purification equipment over the next few years.

The objective of the report is to present a comprehensive analysis of the Global Air Purifier market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Air Purifier market dynamics, structure by analyzing the market segments and projecting the Global Air Purifier market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Air Purifier market make the report investor’s guide.
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Global Air Purifier Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 13.47Bn.


Forecast Period 2023to 2029 CAGR:
8.3%
Market Size in 2029:
US $ 22.06 Bn.


 Segments Covered:
by Technology
1. High-Efficiency Particulate Air(HEPA)
2. Activated Carbon
3. Ionic Filters
4. Other


by Application
1. Residential
2. Industrial
3.Commercial


by Mounting Type
1. Fixed
2. Portable


by Product Type
1. Upper Air
2. In-duct
3. Self Contained/Standalone
4. Others (Coil & Drain Pans, etc.)


by Coverage Area
1. Below 250 Sq. Ft.
2. 250-400 Sq. Ft.
3. 401-700 Sq. Ft.
4. Above 700 Sq. Ft.


by Distribution Channel
1. Online
1.1 Company Owned Websites
1.2  eCommerce Websites
2. Offline
1.1 Hypermarkets/
1.2 Supermarkets
1.3 Specialty Stores
1.4 Others (Retail Stores, etc.)



Air Purifier Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Air Purifier Market Key Players
1. Honeywell International Inc.
2. Whirlpool Corporation
3. Alen Corporation
4. AllerAir Industries Inc.
5. Koninklijke Philips N.V.
6. Dyson Limited
7. Unilever plc
8. The Camfil Group
9. IQ Air
10. WINIX Co. Ltd.
11. Sharp Corporation
12. Daikin Industries Ltd.
13. Samsung Electronics Co. Ltd.
14. LG Electronics Inc.
15. Xiaomi Corporation
16. HSIL Limited
17. Panasonic Corporation
18. Kent RO Systems
FAQ
1] What segments are covered in the Global Air Purifier Market report?
Ans. The segments covered in the Global Air Purifier Market report are based on Technology, Application, Mounting Type, Product Type, Coverage Area, Distribution Channel.

2] Which region is expected to hold the highest share in the Global Air Purifier Market?
Ans. Asia Pacific Region is expected to hold the highest share in the Global Air Purifier Market.

3] What is the market size of Global Air Purifier Market by 2029?
Ans. The market size of the Global Air Purifier Market by 2029 is 22.06 Billion units

4] Who are the top key players in the Global Air Purifier Market?
Ans. Honeywell International Inc., Whirlpool Corporation, Alen Corporation, AllerAir Industries Inc., Koninklijke Philips N.V., Dyson Limited, Unilever plc, The Camfil Group, IQ Air, WINIX Co. Ltd., Sharp Corporation, Daikin Industries Ltd., Samsung Electronics Co. Ltd., LG Electronics Inc., Xiaomi Corporation, HSIL Limited, Panasonic Corporation, Kent RO Systems

5] What was the market size of the Global Air Purifier Market in 2021?
Ans. The market size of the Global Air Purifier Market in 202 was 13.47 Billion units.