Research Support Specialist, USA
The global air purifier market size was valued at USD 12.26 billion in 2021 and is slated to amass USD 25.97 billion by 2030, exhibiting a CAGR of 8.1% during the forecasted period. Surging concerns regarding health and the growing consciousness among people regarding the need to control air pollution levels have supplemented the adoption of air purifiers in both residential and non-residential settings. Studies indicate that clean air is of utmost importance in order to avoid chronic health issues. Apart from this, industrialization in many parts of the world along with rising construction and mining activities in developing nations has prominently contributed to air pollution in turn propelling the demand for air purifiers.
The rising population in urban areas has led to high levels of air pollution, causing harm to human health thus creating the need for an effective air purifying technology in residential applications. The rising use of HEPA filters in residential applications owing to their high efficiency and benefits to patients that are suffering from respiratory illnesses will drive the demand for air purifiers.
Technological advancements globally along with the growing purchase of health-related necessities have propelled people from both developed and developing countries to adopt air purifier solutions in order to keep life-threatening diseases at bay. During the COVID-19 pandemic, the demand for air purifiers grew multiple folds, this was especially due to the need to control harmful air pollens carrying viruses and bacteria. During this period, air purifiers witnessed extensive demand from hospitals, malls, hotels, homes, and various other commercial establishments.
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Air Purifier Market Report Highlights
• Technologically speaking, HEPA filters have dominated the segment over the years, accounting for over 40% of the global revenue in 2021. Its wide adoption may be attributed to its high efficiency and the ability to filter minute dust and other particles, further safeguarding it from lethal airborne diseases. These are widely used in both residential and commercial settings.
• On the basis of application, the commercial segment led the market and was responsible for more than 55% of the global revenue in 2021. Certain commercial application of air purifiers includes offices, hotels, medical settings, shopping malls, and many similar recreational facilities. Advanced air purifier solutions are used in commercial settings to remove smoke, odor, and any other air particles thus enhancing the quality of air in these places. Moreover, the ability of air purifiers to control the spread of infection has driven its demand during the coronavirus pandemic in many medical complexes.
• Geographically speaking, high disposable income among people in North America has positively influenced the demand for air purifiers in the region. The North America air purifier market is expected to expand at a CAGR of 7.2% during the period of study. People in this region, readily spend on products that help enhance their quality of life. Moreover, stringent environmental norms that stress on good air quality have pushed industries, residents, and commercial property owners to set up efficient air purifying solutions that ensure that the quality of air is maintained.
Air Purifier Market Report Segments
Air Purifier Technology Outlook (Revenue, USD Million, 2017 - 2030)
• High Efficiency Particulate Air (HEPA)
• Activated Carbon
• Ionic Filters
• Others
Air Purifier Application Outlook (Revenue, USD Million, 2017 - 2030)
• Commercial
• Retail Shops
• Offices
• Healthcare Facilities
• Hospitality
• Schools & Educational Institutions
• Laboratories
• Transport
• Others
• Residential
• Industrial
Air Purifier Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Asia Pacific
• China
• Japan
• South Korea
• Singapore
• Malaysia
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia
List of Notable Players of Air Purifier Market
• Honeywell International, Inc.
• IQAir
• Koninklijke Philips N.V.
• Unilever PLC
• Sharp Electronics Corporation
• Samsung Electronics Co., Ltd.
• LG Electronics
• Panasonic Corporation
• Whirlpool Corporation
• Dyson
• Carrier