USD 13.01 billion
Report ID:
SQMIG25H2029 |
Region:
Global |
Published Date: July, 2001
Pages:
242
|Tables:
64
|Figures:
75
Air Purifier Market size was valued at USD 13.97 Billion in 2023 and is poised to grow from USD 14.99 Billion in 2024 to USD 27.87 Billion by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).
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.
Global Market Size
USD 13.01 billion
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
7.3% CAGR
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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.
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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.
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Air Purifier Market Drivers
Air Purifier Market Restraint
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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
Air Purifier Market Recent Developments
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:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Air Purifier Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
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).
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Report ID: SQMIG25H2029
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