Global Air Purifier Market size worth USD 32.8 billion by 2030 | growth rate (CAGR) of 10.7%

The Global Air Purifier Market size is expected to grow from USD 14.55 Billion in 2022 to USD 32.8 Billion by 2030, at a CAGR of 10.7% during the forecast period (2023-2030).

Market Overview:

In homes and restricted areas, air purifiers  assist to minimize airborne pollutants such as viruses and bacteria. Portable air purifiers, on the other hand, have been proven to be insufficient in protecting against coronavirus.

As a result, air purifier manufacturers are raising awareness that air cleaners should be used in conjunction with other CDC (Centers for Disease Control and Prevention) guidelines to successfully battle exposure to the unusual virus. The high-efficiency particulate air technology is likely to dominate the market throughout the forecast period because to its vital applications in semiconductor, pharmaceutical, food & beverage production, medical, and other industrial facilities.

Growing air pollution has arisen as a serious concern in the highly populated Asia-Pacific area, with negative consequences for the environment, human health, and agret Size Worth USD 32.8 Billion By 2030 | Growth Rate (CAGR) Of 10.7%icultural crop output.

Top Key Players for Air Purifier Market:

Daikin Industries Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co. Ltd.

(South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V.

(Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), Winix Co.

Ltd. (South Korea) and Other Major Players.

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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels.

For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.

Market Dynamics and Factors for Air Purifier Market:

Drivers:

Government Initiatives To Combat Air Pollution Driving The Market.

Several governments are focused on limiting air pollution by enacting severe indoor air quality rules and standards, which are expected to boost the market throughout the forecast period. Moreover, air pollution control efforts carried out by governments and non-governmental organizations (NGOs) throughout the world are likely to promote market growth over the forecast period.

For instance, the Government of India invested more than USD 125,000 to purchase around 300 air purifiers to be installed in the capital. To combat the spread of COVID-19, governments in several nations have implemented lockdown measures.

As a result, stay-at-home and work-from-home policies have increased the demand for air purifiers.

Opportunities:

Smart Air Purifiers Presents

Smart Air Purifiers presents a bright opportunity for the growth of the Air Purifier Market. Many air purifiers have sensors for monitoring the density of various airborne pollutants like nitrogen dioxide (NO2, a toxic gas primarily produced by car exhausts and power plants), PM2.5 (particulate matter smaller than 2.5 microns in size, such as industrial emissions and tobacco smoke), PM10 (particulate matter up to ten microns in size, including such dust, mold, and pollen), and VOC (volatile organic compounds) (volatile organic compounds, or potentially harmful gases from things like cleaning products and paint).

Wi-Fi is frequently included in smart air purifiers for phone and/or voice control, as well as to gather data on the contaminants listed above and send it to a companion app so you can monitor your home's air quality.

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Segmentation Analysis of the Air Purifier Market:

By Technology, HEPA is dominating the Air Purifier Market during the forecasted period.  HEPA led the market and accounted for over 40.0% share of the global revenue in 2021.

HEPA (High-Efficiency Particulate Air) filters are highly efficient in trapping airborne particles, including pollen, dust, smoke, and bio-contaminants.

By Application, Commercial is dominating the segment in Air Purifier Market. Hospitals, workplaces, hotels, educational institutions, movie theatres, retail malls, conference centers, and other recreational facilities are all places where air purifiers are used commercially.

By Technology

• HEPA
• Activated Carbon
• Ionic Filters

By Application

• Commercial
• Residential
• Industrial

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Regional Analysis of the Air Purifier Market:

The Asia Pacific is dominating the Air Purifier Market. Due to many factors, including fast urbanization and industrialization, as well as a growing population with higher disposable income, Asia Pacific led the market and accounted for over 40.0 percent of worldwide revenue in 2021.

Furthermore, growing smog and air pollution situations, particularly in nations like India and China, are predicted to drive air purifier usage, complementing regional market expansion. Growing urbanization, governmental policies, and increased industrialization are only a few of the causes that have harmed South Korea's ecological balance and lowered air quality.

Rising public awareness of the health risks and illnesses associated with exposure to hazardous particles at work or home is expected to boost the market growth in the nation.

By Region     

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Development:

In March 2023, Xiaomi Corp. announced the launch of the MIJIA full-effect air purifier for the Chinese market.

The equipment has the capacity to produce 12,500 liters of air volume per minute, with an estimated virus removal capacity of approximately 99%.

In December 2022, LG Electronics Co., Ltd. launched a face mask with an in-built battery-powered air purifier to supply filtered air indoors and out.

The air purifier contains two H13 HEPA filters. The launch of the mask in South Korea was delayed by over two years due to a lack of safety regulations.

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