CAGR: 8%Current Market Size: 13 BillionFastest Growing Region: North America
Largest Market: APACProjection Time: 2022-2029Base Year: 2021
The Global Air purifiers market is expected to grow from USD 13 billion in 2021 to USD 24.06 billion by 2029, at a CAGR of 8% during the Projection period 2022-2029. The growth of this market is mainly driven owing to the rising pollution.
A device called an air purifier or air cleaner eliminates impurities from the air in a space to enhance indoor air quality. These products are frequently marketed as helping allergy and asthmatic sufferers, as well as minimizing or eliminating secondhand smoke. Commercially rated air purifiers can be found in the medical, industrial, and commercial sectors. They can be produced as small stand-alone units or bigger units that can be attached to an air handler unit (AHU) or an HVAC unit. In the industrial setting, air purifiers can be utilized to clean the air before processing. For this, pressure swing adsorbers or other adsorption methods are frequently employed. An air purifier, which should not be mistaken with an air ionizer or an air humidifier, can be used in closed workplaces, open spaces, coworking spaces, shops, hair salons, hotels, or restaurants as well as in medical and paramedical settings as a preventive or therapeutic measure. It affects individuals or businesses who have no obvious issues but yet want to protect their health, the health of those around them, or the health of their staff, for example in the event that an activity is resumed or continues. In this way, the indoor air purifier is in line with the social and health concerns we currently have with air quality. both in terms of the risks connected to the spread of viruses through the air or aerosols and the pollution caused by PM2.5 tiny particles.
Sample Request: - Global Air purifiers Market
Market Dynamics:
Drivers:
Rapid industrialization has increased levels of air pollution by causing emissions of hazardous chemicals, toxic gases, fine Particulate Matter (PM), and biological components. Air purifiers are now more in demand in manufacturing facilities and industrial locations as a result of this. Due to its capacity to enhance air quality by filtering airstreams that are going into or out of a facility, industrial air filtration systems are in higher demand. Industrial air purifiers offer a variety of air quality management devices that also address Indoor Air Quality (IAQ) issues and Clean Air Act pollution control standards. Air purifiers employ air treatment technologies to detect and clean the air in response to particulate, odor, volatile organic compounds (VOCs), nitrogen oxides, sulfur dioxide, oil mists, or metal vapors. Industrial manufacturing requires the use of air filtering systems for a number of reasons. It improves the health and safety of plant workers, improves air quality, and guarantees that machinery and equipment are operating properly.
Restraints:
Despite an increase in demand for air purifiers around the world, the principal mechanism is facing certain difficulties. For example, the technical limitations of air quality monitoring devices are anticipated to limit market revenue development. Most standalone and portable air purifiers can only monitor the quality of the air in a small area, and they lack the ability to gather data in three dimensions, which limits how widely they are used. Additionally, air purifiers require routine maintenance to operate well and do not completely resolve issues with indoor air quality. When air purifier filters get old, they worsen the air quality and some of them even emit ozone, which can harm the lungs and olfactory cells over time.
Opportunities:
Global energy usage is growing. Unprecedented strain is being placed on fuel sources like coal and oil due to an increase in energy demand brought on by a growing population. However, coal-based energy has a very high carbon footprint. Governments have enacted strict laws to address growing pollution issues. Manufacturers of consumer items are also required to produce electronics with high energy efficiency ratings. Stricter rules have been put in place to guarantee energy efficiency in household electronics. These days, consumer electronics are rated on their ability to save electricity. For instance, over 81% of energy is used by appliances including refrigerators, heating and cooling equipment, kitchen appliances, gadgets, and others. Air purifiers with the ENERGY STAR certification are about 27% more energy-efficient than regular versions, saving customers money on maintenance costs.
Challenges:
The market for air purifiers has been unable to reach its full potential despite the awful Air Quality Index levels recorded in the nation's capital, Delhi. Indian consumers' reluctance to buy air purifiers is one explanation behind this. Air purifiers are expensive to purchase and even more expensive to operate because they frequently need filter replacements once or twice a year and should always be on. The long-term cost of air purifiers gets a little more tricky when you take into account energy costs and filter upkeep. Since the health benefits of using air purifiers vary from person to person and depend on the amount of pollutants present. Energy costs have been resolved by energy-efficient air purifiers, however costs associated with filter maintenance have not been taken into account.
Segmentation Analysis:
The global air purifier market has been segmented based on technology, application, and regions.
By Technology
The technology segment is high-efficiency particulate air (HEPA), ionic filters, activated carbon, and others. The High-Efficiency Particulate Air (HEPA) segment led the largest share of the air purifiers market, with a market share of around 36% in 2021. Pollen, dust, smoke, and bio-contaminants are just a few of the airborne particles that HEPA filters are very effective at capturing. HEPA filters' superior performance and dependability in removing airborne particles will probably help them gain traction on the world market. Small bits of carbon in the form of powdered blocks or granules that have been properly treated with oxygen to open the pores of the carbon atoms make up activated carbon or charcoal filters. As a result, the carbon becomes more porous and has a larger surface area, which improves its capacity to capture airborne particles. With the help of these filters, odours and gases from cooking, mold, chemicals, pets, and smoke can be absorbed.
By Application
The application segment includes commercial, residential, and industrial. The commercial segment led the air purifiers market with a market share of around 35.08% in 2021. Hospitals, workplaces, hotels, schools, theatres, malls, conference centers, and other leisure facilities are among the commercial settings where air purifiers are used. Hotels and restaurants utilize air purifiers with activated carbon and HEPA to remove smoke, odor, and airborne particles from the air, enhancing the quality of the air in the spaces. In order to maintain indoor air quality for both patients and staff working in these facilities, allergens, airborne pathogens, and odor are removed from the air using air purifiers in dentistry and medical laboratories, veterinary hospitals, boarding kennels, animal kennels, clinics, and hospitals. As a result of air purifiers' capacity to slow the transmission of infectious diseases, their demand has increased during the COVID-19 pandemic at numerous healthcare institutions throughout the world.
Global Air purifiers Market- Sales Analysis.
The sale of air purifier expanded at a CAGR of 5.2% from 2015 to 2021.
The market is anticipated to be driven by rising airborne illnesses and rising urban pollution levels. In addition, greater health consciousness is anticipated to support market expansion, along with an improving standard of life and rising disposable income. As a result of the lockdown measures put in place by the governments of many nations in anticipation of the COVID-19 pandemic starting in 2020, sales of household equipment like air purifiers, cleaning appliances, cooking appliances, and water filtration systems have increased. Global sales of air purifiers have surged as a result of growing awareness of healthy living. Over the projected period, it is anticipated that the increased prevalence of airborne diseases and rising air pollution levels in the US will have an impact on market growth.
The introduction of strict rules and standards for indoor air quality by numerous governments, which are focusing on controlling air pollution, are anticipated to boost the industry over the Projection period. Additionally, a number of international air pollution control initiatives launched by governments and NGOs are anticipated to fuel market expansion throughout the Projection period. Lockdown measures have been used by governments of numerous nations to stop the spread of COVID-19. As a result, the rules around working from home and staying at home have increased the demand for air purifiers. Furthermore, since people are looking for ways to stop the spread of coronavirus, there is a sizable demand for air purifiers from medical facilities, academic institutions, and governmental organizations.
Thus, owing to the aforementioned factors, the global Air purifiers Market is expected to grow at a CAGR of 8% during the Projection period from 2022 to 2029.
By Regional Analysis:
The regions analyzed for the air purifiers market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The Asia Pacific region dominated the air purifiers market and held a 40% share of the market revenue in 2021.
Global Air purifiers Market- Country Analysis:
Germany's air purifiers market size was valued at USD 1.01 billion in 2021 and is expected to reach USD 1.60 billion by 2029, at a CAGR of 6% from 2022 to 2029. The country's air purifier market will keep growing quickly as a result of rising urbanization, urban air pollution, and harmful emissions from industrial vehicles. People's daily lives and digital lives are currently much more intertwined in Germany. People use gadgets and modern technologies frequently every day. The rise in demand for smart air purifiers is significantly fueled by new technology. With the rapid speed of daily life, interest in automation to do routine tasks is sharply rising.
China’s air purifiers’ market size was valued at USD 2.2 billion in 2021 and is expected to reach USD 3.78 billion by 2029, at a CAGR of 7% from 2022 to 2029. Health-conscious consumers and an increase in airborne infections are fueling industry expansion in the area. Industry-produced air pollution has evolved into a major threat to the wellbeing of both people and the environment. Since diseases are growing quickly and the quality of the air is declining, air purifiers are very popular. Air purifiers have usually been seen as a carryover from the well-developed to the developing or middle class, notwithstanding the recent rush of technological developments.
India's air purifiers market size was valued at USD 1.9 billion in 2021 and is expected to reach USD 3.16 billion by 2029, at a CAGR of 6.6% from 2022 to 2029. Increased pollution levels and an increase in cases of airborne ailments in the Indian market are driving up product demand. Americans are using air purifiers more frequently to improve the quality of the air inside their homes. The demand for air purifiers that remove particles that spread infections from the home is rising. Air purifier demand is increasing as a result of groundwater contamination brought on by increased urbanization and industrialization.
Key Industry Players Analysis:
To increase their market position in the global air purifiers business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2021-2029 |
Base year |
2021 |
CAGR (%) |
8% |
Market Size |
13 billion in 2021 |
Projection period |
2022-2029 |
Projection unit |
Value (USD) |
Segments covered |
By Technology, By Application, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Honeywell International, Inc., IQAir, Whirlpool Corporation, Dyson, Koninklijke Philips N.V., Unilever PLC, Samsung Electronics Co., Ltd., LG Electronics, Sharp Electronics Corporation, Panasonic Corporation, and Carrier. |
By Technology |
|
By Application |
|
Regional scope |
|
Scope of the Report
Global Air purifiers Market by Technology:
Global Air purifiers Market by Application:
Global Air purifiers Market by Region:
The market is being driven as air pollution is increasing which is impacting the health of people.
Global air purifiers market’s size in 2021 was USD 13 billion.
The lack of knowledge, the high cost of air purifiers, and technical issues are some of the factors hampering the market growth.
Residential application segment is likely to expand at the fastest rate during the Projection period in the Air purifiers market
Political Analysis- Political factors influence how the government interferes with the economy. Political stability, trade limitations, labour laws, and environmental regulations are some sectors that fall under the umbrella of political factors. Politics may also affect the provision of merit goods—those that the government wants to supply—and opposition to merit goods—those that the government does not want to offer (demerit goods or merit bads). Governments also significantly impact a country's infrastructure, education, and health. For instance, the government incentivises up to US 10,000 for the private purchase of new air purifiers. In addition, the government are trying to raise the annual production rate by up to 2,500,000.
Economic Analysis- Economic growth, currency rates, the rate of inflation, and interest rates are examples of economic factors. These elements have a significant impact on how firms function and make choices. For instance, interest rates have an impact on a firm's cost of capital and, consequently, how much a corporation can grow and expand. Exchange rates can have an impact on an economy's supply and price of imported commodities, as well as the costs associated with exporting goods. India has the world's greatest middle-class population; hence, its economy is mostly driven by consumption rather than investment. Recent increases in Indians' purchasing power have led economists and business analysts to Projection that the demand for air purifiers will rise by roughly 19%. This is due to an increase in the inflation rate and labour cost.
Social Analysis- The population growth rate, age distribution, career orientations, cultural characteristics, health consciousness, and emphasis on safety are examples of social influences. High societal trends impact a company's operations and product demand. For instance, an ageing population can indicate a smaller and less motivated workforce (thus increasing the cost of labour). Additionally, businesses could alter their management tactics to reflect the social trends that this has brought about (such as recruiting older workers). Younger consumers are open to new technologies. Due to this, consumers prefer a lower maintenance rate.
Technological Analysis- Technological features, including R&D effort, automation, technology incentives, and the pace of technological progress, are examples of technological factors. These can establish entry barriers, a minimal level of productive output and have an impact on outsourcing decisions. Technological changes would also impact prices, and quality, and promote innovation. Compared to internal combustion engines, electric vehicles are more environmental friendly.
Environmental Analysis- Environmental considerations include ecological and environmental elements, including weather, climate, and climate change, which may negatively impact some sectors of the economy, like tourism, agriculture, and insurance. Additionally, as people become more aware of the possible effects of climate change, it changes how businesses run and the products they offer, creating new markets and eroding or eliminating existing ones.
Legal Analysis- In September 2018, German air purification equipment manufacturer Aludo was purchased by Dexwet Holdings Company, the parent organisation of Austrian-American filter producer Dexwet International AG. The purchase of Aludo heralds the beginning of a new phase in creating high-calibre air-purification technology. In May 2019, Electrolux announced a partnership with Mila, a Chinese and American start-up that connects customers with purifiers through a membership-based platform. The Mila rumour is a big step forward for Electrolux as it develops new marketing strategies to broaden its associated environment. Air pollution is the most serious ecological and medical issue, and Electrolux focuses on enhancing household wealth.
List of Table
List of Figures