Air Purifier Market Size To Reach $ 22.84 Billion By 2030
Tokyo, January 10, 2022 (GLOBE NEWSWIRE) – The world air purifier market size was valued at $ 9.24 billion in 2021. A device that removes impurities from the air in a space to improve indoor air quality is known as an air purifier or air purifier. These devices are frequently advertised as being useful for people with allergies and asthma, as well as reducing or eliminating smoke.
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Rising airborne infections and rising pollution levels in urban areas are expected to drive the air purifier market. In addition, increased disposable income, greater awareness of health and a better standard of living are likely to stimulate the expansion of the market. The air purifier market is expected to be driven by the increased adoption of air pollution control equipment, especially in emerging countries around the world. The increased awareness of a healthy lifestyle, especially among young people, is likely to contribute significantly to the growth of the market.
North America is the largest segment of the air purifier market in terms of region. The increased demand for manufacturing units for air purifiers at the facility will drive regional demand. The air purifier market in the United States will grow due to the increasing demand from the commercial sector, fueled by the increasing risk of infection from airborne particles.
Scope of the report Air Purifier Market
|Cover of the report||Details|
|Market size in 2021||$ 9.24 billion|
|Growth rate from 2021 to 2030||CAGR 10.6%|
|Fastest Growing Market||North America|
|The biggest market||Asia Pacific|
|Year of reference||2021|
|Forecast period||2021 to 2030|
|Covered companies||Honeywell International, Inc., LG Electronics, Inc., IQAir North America, Inc., Aerus LLC, Unilever PLC, Daikin Industries, Ltd., Panasonic Corporation, Koninklijke Philips NV, Whirlpool Corporation and Hamilton Beach Brands, Inc.|
The Europe region is the fastest growing region in the air purifier market. This is due to a combination of causes, including the expansion of urbanization and industrialization, as well as a larger population with more discretionary incomes. Additionally, increasing smog and air pollution, especially in countries like China and India, is expected to boost the use of air purifiers, complementing regional growth.
Growing concerns about environmental pollution
The development of public and private infrastructure has accelerated as the world goes global, with major countries undertaking massive construction projects to develop seaports, airports, transport infrastructure and housing. Unfortunately, due to the loss of forest cover, these projects have increased pollution levels. In addition, the use of air conditioners in residential and commercial buildings is increasing, contributing to particulate emissions. As a result, the demand for air purifiers is increasing all over the world. Thus, the growing concerns for environmental pollution are driving the growth of the air purifiers market during the forecast period.
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High research and development costs
The air purification industry is primarily driven by the needs of the consumer. Manufacturers of air purifiers work by gathering information about the needs and requirements of their customers. Consumer expectations are constantly evolving as they prioritize the additional benefits as well as the essential functions of the product. Residential air purifiers, for example, that provide allergen-free breathing should also have cooling capabilities. Consumers prefer additional features like fine particle filters and ozone control apps at the same price as a basic air purifier. Thus, the high expenditure on research and development restricts the growth of the air purifier market during the forecast period.
Increased demand for mechanical air purifiers
Mechanical air filters clog dust particles and attract them to the filter surface, where they are collected and removed from the environment. Mechanical filters have become increasingly popular due to their ability to prevent dust and debris from settling in the mechanical parts of heating and air conditioning systems. As a result, the sharp increase in the demand for mechanical air purifiers is creating lucrative opportunities for the growth of the air purifiers market.
Most portable or stand-alone air purifiers can only monitor air quality in a small area and lack three-dimensional data acquisition capabilities. Instead of active monitoring sensor nodes, many air quality monitoring systems use passive monitoring sensor nodes, requiring periodic and manual updates of the data. Active surveillance sensor nodes are capable of acquiring, transferring and storing data in an automated manner via wireless networks or the like. In the absence of active monitoring sensor nodes, some air purifiers may suffer from technical limitations, limiting their adoption and, to some extent, the growth of the market.
Highlights of the report
- Based on this technology, the High Efficiency Particulate Absorption (HEPA) segment is expected to have a significant share of the revenue as smoke, dust and pollen are all trapped by HEPA filters. The superior quality and reliability of HEPA filters to remove airborne particles is expected to boost the product’s penetration in the global market.
- Based on the application, the commercial segment is expected to have a large share of the revenue as air purifiers are used in hotels, educational institutions, theaters, shopping malls and hospitals. Hotels and restaurants use activated carbon and HEPA air purifiers to remove airborne particles and odors, improving air quality in commercial facilities.
- High efficiency particulate air
- Ion filters
By regional perspectives
- North America
- Asia Pacific
- South Korea
- Rest of the world
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