The air purifier market is expected to grow from US$ 13.97 billion in 2021 to US$ 26.90 billion by 2028 at a CAGR of 9.8% between 2022 and 2028.
Air purifiers are portable devices that combine an internal filter and fan to pull unwanted air pollutants. Purified air is then circulated back into the room. This filtration process repeats several times, continually boosting air quality. Air purifiers refresh polluted air, reducing the chances of severe health issues, such as respiratory infections, neurological problems, and asthma, caused by pollutants. According to the Centers for Disease Control and Prevention, 1 in 12 people in the US has asthma. Pollutants such as pet dander, pollen, or dust mites irritate airways, causing difficulty in breathing. Air purifiers can cleanse these contaminants, avoiding the risk of several health problems. Most air purifiers contain high-efficiency particulate air (HEPA) filters. Some air purifiers include activated carbon or UV light filters. Certain technologically advanced air purifiers include a combination of two or three types of filters.
Market Dynamics
The air purifier market has promising growth potential due to rapid urbanization, industrialization, environmental effects of air pollution and increasing consumer awareness regarding health concerns. These factors promotes the adoption of air purifiers amongst customers to improve air quality nearby. Moreover, rise in the development of smart infrastructures in developing countries is likely to enhance the sales of residential air purifiers. All these mentioned factors are expected to boost the air purifier market growth over the forecast period.
MARKET SCOPE
The "Global Air Purifier Market Analysis to 2028" is a specialized and in-depth study of the air purifier market with a special focus on the global market trend analysis. The report aims to provide an overview of the air purifier industry with detailed market segmentation by technique and end user. The global market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players and offers key trends and opportunities in the air purifier market.
Strategic Insights
MARKET SEGMENTATION
The global air purifier market is segmented based on technique, end user, and geography. Based on technique, the market is segmented into high-efficiency particulate air (HEPA), ultraviolet germicidal irradiation (UVGI), activated carbon filtration, ionizer purifiers, and others. Based on end users, the air purifier market is segmented into commercial, residential, and industrial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including qualitative and quantitative information. It provides an overview and forecast of the global air purifier market based on various segments. It also provides market size and forecast estimates from 2019 to 2028 with respect to five major regions North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The air purifier market by each region is later subsegmented into respective countries and segments. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.
From the regional perspective, North America dominated the air purifier market with ~32% market share in 2021. The dominance of the region in the air purifier industry is majorly due to the increasing implementation of air quality standards policies for emission reduction by governments in North America. The key players include Honeywell International, Inc.; Koninklijke Philips N.V.; Unilever PLC; Sharp Electronics Corporation; Samsung Electronics Co., Ltd.; LG Electronics; Panasonic Corporation; Whirlpool Corporation; Dyson; and Carrier. These air purifier market players have been witnessing constant demand from SMEs and large enterprises globally. The below figure showcases the revenue growth trend in the global air purifier market.
Source: The Insight Partners Analysis
The report analyzes factors affecting the air purifier market from both demand and supply sides and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis, highlighting the factors affecting the air purifier market in these regions.
IMPACT OF COVID-19 PANDEMIC
The COVID-19 outbreak dramatically impacted the global economy during its peak in 2020 in its initial days, hampering business activities in various industries. COVID-19 is an airborne disease, and the recent Omicron variant of SARS-CoV-2 is the most transmissible. The transmission of SARS-CoV-2 through the air was a major threat. In such scenario, ensuring ventilation or air purification reduces the risk of catching the virus. Air purifiers removes airborne particles and limits indoor transmission of COVID-19, which spurred the demand for air purifiers in the pandemic period. For instance, in March 2021, according to US Centers for Disease Control and Prevention (CDC), air purifiers helps to reduce airborne contaminants, including viruses, in a home or confined space. Also, According to MoneyControl, the demand for air purifiers in India doubled in 2020 due to the COVID-19 outbreak. The US air purifier sales saw a 57% spike in 2020 due to the pandemic. However, as manufacturing operations were temporarily suspended due to lockdowns across countries leading to disruptions in the supply chain of air purifiers.
Thus, the spread of the COVID-19 pandemic escalated the demand for air purifiers from residential and commercial sectors. Despite huge supply chain disruptions, the pandemic positively impacted the air purifier market growth.
MARKET PLAYERS
The reports cover key developments in organic and inorganic growth strategies in the air purifier market. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategy activities witnessed in the market were acquisitions, partnerships, and collaborations. These activities have paved the way for expanding market players' business and customer base. The market players in the market are anticipated to have lucrative growth opportunities in the future with the rising demand for air purifiers. Below mentioned is the list of a few companies engaged in the air purifier market.
The report also includes the profiles of key air purifier market companies, their SWOT analysis, and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information for the last three years, and key development in the past five years.
- Honeywell International, Inc.
- Koninklijke Philips N.V.
- Unilever PLC
- Sharp Electronics Corporation
- Samsung Electronics Co., Ltd.
- LG Electronics
- Panasonic Corporation
- Whirlpool Corporation
- Dyson
- Carrier
The dedicated research and analysis team of The Insight Partners consists of experienced professionals with advanced statistical expertise. It offers various customization options in the existing study.