USD 13.02 billion
Report ID:
SQMIG20L2027 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
66
Portable Air Purifier Market size was valued at USD 13.02 billion in 2021 and is poised to grow from USD 13.97 billion in 2022 to USD 26.34 billion by 2030, growing at a CAGR of 7.3% during the forecast period (2023-2030).
The Global Portable Air Purifier market has witnessed significant growth and advancements in recent years. The increasing awareness among consumers about the detrimental effects of air pollution and related health issues is expected to positively influence the sales of portable air purifiers. Market players offering innovative products and robust after-sales services are contributing to the rise in sales. Growing concerns about air quality have driven the global demand for air purifiers, particularly portable ones, as disposable income rises and lifestyles change. Hypermarkets' popularity in developed and underdeveloped countries, driven by urbanization and a growing working-class population, along with competitive pricing, has further boosted the portable air purifier market. In the healthcare sector, HVAC systems are being utilized to purify airborne particles, contributing to market growth. The cost-effectiveness of portable air purifiers has increased their demand among the emerging middle class. The surge in pollution levels worldwide has prompted greater use of portable air purifiers to improve ventilation and comfort in enclosed spaces.
US Portable Air Purifier Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 13.02 billion
Largest Segment
HEPA filters
Fastest Growth
HEPA filters
Growth Rate
7.3% CAGR
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Global Portable Air Purifier Market is segmented on the basis of Type, Technique, Distribution channel, and region. By Type, the market is segmented into Dust Collectors, Fume & Smoke Collectors, Other. By Technique, the market is segmented into High-efficiency Particulate Air (HEPA), Activated Carbon Filtration, Others. By Distribution channel, the market is segmented into Supermarkets/Hypermarkets, Online Stores, Convenience Stores, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Portable Air Purifier Market Analysis By Technique
HEPA filters is the dominant segment in the portable air purifier market. These filters are highly effective at capturing airborne particles such as dust, pollen, pet dander, and other allergens. They can remove particles as small as 0.3 microns with an efficiency of 99.97%. Due to their superior performance and proven track record, HEPA filters are widely preferred by consumers and recommended by health experts for improving indoor air quality.
On the other hand, Activated carbon filters are the fastest-growing segment in the portable air purifier market. These filters are known for their ability to adsorb and eliminate harmful gases, odors, and volatile organic compounds (VOCs) from the air. As concerns about indoor air pollution and chemical exposure increase, the demand for portable air purifiers equipped with activated carbon filters has been rising rapidly. These filters provide an additional layer of protection, making them popular among consumers seeking comprehensive air purification solutions.
Portable Air Purifier Market Analysis By Distribution channel
Online stores have emerged as the dominant segment due to their convenience and widespread reach. Consumers prefer purchasing air purifiers online as it offers a vast selection of products from various brands and allows easy comparison of features and prices. Moreover, the ease of doorstep delivery and the availability of customer reviews and ratings aid in making informed purchase decisions. The rise in e-commerce platforms and the increasing penetration of smartphones and internet access globally have significantly contributed to the dominance of online stores in this market.
On the other hand, Supermarkets and hypermarkets represent the fastest-growing distribution channel for portable air purifiers. These retail outlets have a strong presence in both urban and rural areas, attracting a wide customer base. The convenience of physically examining products before purchase, coupled with the immediate availability of products, appeals to consumers. Additionally, the growing awareness of air pollution and health concerns has prompted supermarkets and hypermarkets to dedicate shelf space to air purifiers, further driving the segment's growth. The ability of these retail giants to offer competitive pricing and promotional deals also contributes to the increased adoption of portable air purifiers through this distribution channel.
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North America is the dominant region in the global portable air purifier market. This prominence can be attributed to several factors. Firstly, there is a high level of awareness among consumers in North America regarding air pollution and its adverse health effects, driving the demand for portable air purifiers. Concerns about indoor air quality and the rising prevalence of respiratory diseases have further accelerated the adoption of these devices in residential, commercial, and healthcare settings. Moreover, strict environmental regulations and initiatives to combat air pollution in countries like the United States and Canada have propelled the market for portable air purifiers. These regulations have encouraged both consumers and businesses to invest in air purification solutions to improve air quality and ensure a healthier living and working environment.
On the other hand, Asia Pacific is the fastest-growing region in the Portable Air Purifier market. The region's rapid growth is attributed to several key factors. Firstly, increasing urbanization and industrialization in countries like China, India, Japan, and South Korea have resulted in heightened air pollution levels, leading to a greater need for air purification solutions. Secondly, rising disposable income and changing lifestyles in the region have encouraged consumers to invest in products that enhance indoor air quality and provide a healthier living environment. The growing awareness of the health hazards associated with air pollution has also contributed to the surge in demand for portable air purifiers. Additionally, government initiatives in various Asia-Pacific countries to combat air pollution and promote cleaner air have boosted the adoption of portable air purifiers. The increasing emphasis on sustainable and eco-friendly technologies is driving the market further, making Asia-Pacific a highly promising region for the portable air purifier industry.
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Portable Air Purifier Market Drivers
Increasing Awareness of Air Pollution and Health Concerns
Technological Advancements and Innovations
Portable Air Purifier Market Restraints
High Initial Cost
Limited Effectiveness in Large Spaces
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The Global Portable Air Purifier Market is fiercely competitive, with numerous manufacturers vying for market share. Companies in this market are continuously striving to develop innovative and advanced portable air purifiers to cater to increasing consumer demand for improved indoor air quality. Major players focus on product differentiation, technological advancements, and strategic collaborations to gain a competitive edge. Additionally, branding, marketing, and after-sales services play crucial roles in attracting and retaining customers. The market is characterized by intense competition, with companies regularly monitoring market trends and consumer preferences to stay ahead in this rapidly evolving industry.
Portable Air Purifier Market Top Player’s Company Profiles
Portable Air Purifier Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Portable Air Purifier Market analysis, the market is experiencing growth due to increasing consumer awareness of air pollution's health impacts. Opportunities arise from innovative products and after-sales services provided by market players, coupled with rising concerns about indoor air quality. Growing disposable income and changing lifestyles also contribute to market expansion. However, challenges include the need to develop efficient and cost-effective air purifiers, ensuring compatibility with emerging technologies, and addressing market saturation. Additionally, competition from HVAC systems and the demand for larger, whole-house purification solutions pose challenges.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 13.02 billion |
Market size value in 2031 | USD 26.34 billion |
Growth Rate | 7.3% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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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 Portable 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 Portable 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 Portable Air Purifier Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Portable 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.
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Report ID: SQMIG20L2027
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