The global air purifier market is anticipated at USD 11.5 Billion in 2021. The sector is gaining pace as companies provide technologically improved air purifiers with various wireless technologies. Thereby, garnering USD 26.0 Billion in 2032, recording a CAGR of 7.8% from 2022 to 2032.
The market is likely to secure USD 12.3 Billion in 2022. The Asia Pacific market is projected to expand significantly due to the rapid growth of the consumer electronic market.
Air purifiers, also known as air cleaners, are the devices used to remove contaminants from the air and clean the indoor atmosphere of a living space. An air purifier can help to clean the air of any unpleasant odors like dust in the atmosphere floating pollen, smoke along other volatile organic compounds reducing airborne pollutants or reduce.
These devices are commonly marketed as being beneficial to allergy sufferers and asthmatics, and at reducing or eliminating second-hand tobacco smoke.
Data Points | Kay Statistics |
---|---|
Air Purifier Market Size Value in 2022 | USD 12.3 Billion |
Air Purifier Market Forecast Value in 2032 | USD 26.0 Billion |
Global Growth Rate | 7.8% |
Forecast Period | 2022 to 2032 |
There are two types of air purifying technologies, active and passive. Active air purifiers release negatively charged ions into the air, causing pollutants to stick to surfaces, while passive air purification units use air filters to remove pollutants.
Passive purifiers are more efficient since all the dust and particulate matter is permanently removed from the air and collected in the filters. Several different processes of varying effectiveness can be used to purify the air. The most common methods were high-efficiency particulate air (HEPA) filters and ultraviolet germicidal irradiation (UVGI).
The key drivers in the air purifier market include product innovation and the launch of new product ranges capable of delivering freshness as well as an enhanced ability to eliminate offensive odours. These properties serve to enhance consumer preference for such products and offer value for money.
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The growing trend of energy-efficient products to drive the air purifier market
Energy consumption is rising globally. The soaring energy demand in response to the growing population has put unprecedented pressure on fuel sources such as coal and oil. However, carbon emission from energy derived from coal is significantly high.
To counter soaring emission concerns governments have imposed stringent laws. Consumer goods manufacturers are compelled as well to manufacture electronic goods that score high on energy efficiency. Guidelines implemented to ensure energy efficiency in home electronics have become stricter.
Consumer electronics are nowadays certified with ratings indicating electricity-saving. For example, fridges, warming and cooling apparatuses, kitchen machines, gadgets, and others represent over 81% of energy utilization. ENERGY STAR guaranteed air purifiers are practically 27% more energy-effective than standard models, saving buyers on service bills.
This trend has made inroads in the air purifier market as well. Customers are looking for popular energy ratings to make their final purchase decision. The higher the rating, the greater the scope for sales. Therefore, manufacturers are compelled to offer the latest technologies and keep upgrading their features to offer energy-efficient air purifier
Augmenting Demand for Smart Air Purifiers Will Promote Expansion
A smart air purifier is a more advanced model than the traditional one as it can work automatically at multiple points to clear up the grade. App-enabled - the air purifier you can control from your smartphone, with both Wi-Fi and Bluetooth connectivity.
The main benefit of a smart air purifier is that it allows consumers to keep track of indoor air quality monitors and, also from their phone, by adjusting basic settings. Furthermore, as people become more conscious of the negative consequences of dirty air on their health, demand for innovative and smart air purifiers will rise.
Smart air purifiers are commonly employed in metropolitan regions for residential applications as a result of increasing construction activity and fast urbanization. Small business units and the automobile industry, on the other hand, are the most common places where smart air purifiers are installed and used.
The high cost of maintenance may hinder the growth of the air purifier market
Despite the staggering Air Quality Index values recorded in the national capital, Delhi, the air purifiers market has been struggling to realize its full potential. One reason for this is that Indian consumers are sceptical about purchasing air purifiers.
Air purifiers are inexpensive to buy, and they're even more expensive to run, as they often require filter changes once or twice a year and should be left on all the time. When you factor in the cost of energy and filter maintenance, the long-term cost of air purifiers becomes a little more complicated.
Because the health advantages of utilizing air purifiers differ from person to person and rely on the sorts of pollutants present. The energy expenses have been sorted thanks to energy-efficient air purifiers, but the filter replacement costs are yet to be addressed.
Although there is no industry standard for filter replacement frequency, some users may find the concealed carbon filter expenses exorbitant. A HEPA filter (for particle removal) and a carbon filter are included in a majority of air purifiers in the market (for gas removal). Carbon filters, on the other hand, require significantly more frequent replacement.
Technological advancements in consumer electronics provide an opportunity for the growth of the market in the USA
The air purifiers market is anticipated to be dominated by North America. The market is anticipated to grow with a CAGR of 6.9% during the forecasted period for the air purifier Market. In the US, the prevalence of airborne ailments means the demand for air purifiers is likely to grow. Thus, Americans are slowly accepting air purifiers as a possible one-stop solution to healthier indoor atmospheric conditions.
Moreover, product demands also increase from healthcare facilities for technologies that prevent the spread of novel coronavirus, mostly passing from person to person. Due to rising pollution levels caused by industrialization, urbanization, and rapid population expansion, the market in the United States is expected to rise significantly.
Increasing health awareness to drive the growth of the air purifier in India
Over the forecast duration, East Asia is anticipated to enlarge its market of air purifiers at a CAGR of 5.5%. India is one of the major contributors to growth, due to an increase in airborne infection cases across the nation and rising health awareness among consumers fuelling demand for air purifiers.
The major driving factor that will increase the growth within this market is the rising awareness of health hazards and diseases due to exposure at workplaces and homes to harmful particulate matter. Some of the other factors that boost market growth in India are rapid urbanization, industrialization, and a growing population with higher disposable income.
The high sales of this market are also able to leverage the major manufacturing base of air purifiers. For instance, in India, a new range of air purifiers from Electrolux has been introduced. This new range comes with a filter that is stated to neutralize up to 99.99% of bacteria and viruses.
Though air purifiers have been in the scenario for quite some time, India and particularly its residential sector regard them as more of an affluent product. The high price of air purifiers and the high costs required for maintenance may act as a restricting factor on the sales in India.
Introduction of the new innovative product by the manufacturer to boost the growth of the market in the UK
Nowadays, the distribution of air-borne diseases and industrial/vehicle carbon emissions has significantly increased in the UK due to factors such as urbanization and increasing construction activities in metropolitan areas.
To manage this, the government has put down stringent regulations. It encourages the installation of air purifiers at residential, commercial, and industrial levels to achieve a good-quality of indoor air. Besides, the growth in consumer electronics and overall high demand for smart home appliances is driving the sales of air purifiers in the UK.
HEPA to Remain Prominent During the Forecast Period
Based on technology, HEPA filters account for a 39.5% share of the air purifier market. HEPA filters are considered good at removing larger particulate matter like pollen, pet dander, and dust mites. Besides this, the increasing availability of HEPA air purifiers in the market has played a significant role in stimulating sales.
The high quality and reliability of HEPA filters to remove airborne particles are likely to spur product penetration in the global market.
Commercial Segment to Drive Air Purifier Market
As per FMI’s analysis, the commercial sector is expected to remain dominant in the forecast period and accounted for over 54.5% share of the global revenue in 2022.
Commercial applications include any crowded places such as hospitals, commercial buildings and offices, hotels, industries, airplanes, schools, movie theatres, retail malls, etc. where it is used to ensure that the air remains clean as much as possible.
Activated carbon and HEPA air filters are also used in hotels, restaurants, etc. to reduce airborne particles, smoke, and odour to improve indoor air quality. In addition, dental and medical laboratories, veterinary hospitals, boarding kennels, animal kennels, clinics, and hospitals remove allergens, airborne pathogens, and odor from the air and maintain indoor air quality for patients as well as employees working in these facilities.
Maintenance of the interior air quality for both employees as well as from patients plagues these facilities. Therefore, air purifiers are increasingly popular in the healthcare industry as it suppress away contagious diseases.
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How key Players are opening Frontiers for Future Growth?
New players in Air Purifier Market such as Sterlomaxx, Vekon, Crusaders Technologies India Private Limited, Aeropure, RBM Green Airfil, Smridhi manufacturing co. Pvt. Ltd, Conair, Industrial air filtration, among others, are adopting various marketing strategies such as new product launches, geographical expansion, mergers and acquisitions, partnerships and collaboration to identify the interest of potential buyers and create a larger customer base. For instance
For instance
Prominent players in the air purifier market are Koninklijke Philips N. V, LG Electronics, Xiaomi Corporation, Afpro Filters B.V., LG Electronics Inc., Dyson Ltd., Godrej Appliances, Condair Group AG, Daikin Industries, Ltd., Honeywell International Inc., Whirlpool Corporation, Japan Air Filter Malaysia Sdn. Bhd. and Panasonic Corporation among others.
Leading players operating in the global air purifier market are focusing on intensive research and development for launching innovative products and services in the market. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.
Recent Developments:
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 7.8% from 2022 to 2032 |
Market Value in 2022 | USD 12.3 Billion |
Market Value in 2032 | USD 26.0 Billion |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Technology Type, CADR, End Use, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, Poland, China, Japan, South Korea, India, ASEAN, Oceania, GCC, South Africa, Turkey |
Key Companies Profiled | Koninklijke Philips N. V; LG Electronics Inc.; Xiaomi Corporation; Afpro Filters B.V.; Dyson Ltd.; Godrej Appliances; Condair Group AG; Daikin Industries, Ltd.; Honeywell International Inc.; Whirlpool Corporation; Japan Air Filter Malaysia Sdn. Bhd.; Hitachi Limited; Dyson Technology Ltd; Panasonic Corporation |
As of 2022, the market for air purifier was valued at USD 12.3 Billion, as per FMI
By 2032, the market value of air purifiers is expected to reach USD 26.0 Billion
From 2022 to 2032, air purifier sales are expected to flourish at a CAGR of 7.8%
By technology, HEPA to constitutes the bulk of market share, capturing 39.5% of the total value in 2022
By end user, the commercial segment dominates the market with a share of 54.5% in 2022.
1. Executive Summary 2. Market Overview 3. The Massive Impact of the Crisis 4. The 2020 Market Size of Air Purifier 5. Key Market Trends 6. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 7. Consumer Behaviour Analysis 8. Brand Mapping Analysis 9. Global Market - Pricing Analysis 10. Global Market Demand (in Value or Size in USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 11. Market Background 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Coverage Area 12.1. Below 250 sq. ft. 12.2. 250-400 sq. ft. 12.3. 401-700 sq. ft. 12.4. Above 700 sq. ft. 13. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Technology 13.1. High Efficiency Particulate Air (HEPA) 13.2. Electrostatic Precipitator 13.3. Ion & Ozone Generations 13.4. Activated Carbon 13.5. Other Technologies 14. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by CADR 14.1. Smoke 14.2. Dust 14.3. Pollen 15. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End-Use 15.1. Residential 15.2. Commercial 15.3. Industrial 16. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Distribution Channel 16.1. Direct Sales 16.2. Indirect Sales 16.2.1. Hypermarkets/Supermarkets 16.2.2. Discount Stores 16.2.3. Specialty Stores 16.2.4. Online Retail 17. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 17.1. North America 17.2. Latin America 17.3. Europe 17.4. East Asia 17.5. South Asia 17.6. Oceania 17.7. Middle East and Africa (MEA) 18. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 19. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 20. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 21. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 22. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 23. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032 24. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 25. Market Structure Analysis 26. Competition Analysis 26.1. Honeywell International Inc. 26.2. Whirlpool Corporation 26.3. Alen Corporation 26.4. AllerAir Industries Inc. 26.5. Koninklijke Philips N.V. 26.6. Dyson Limited 26.7. Unilever plc 26.8. The Camfil Group 26.9. IQ Air 26.10. WINIX Co. Ltd. 26.11. Sharp Corporation 26.12. Daikin Industries Ltd. 26.13. Samsung Electronics Co. Ltd. 26.14. LG Electronics Inc. 26.15. Xiaomi Corporation 26.16. HSIL Limited 26.17. Panasonic Corporation 26.18. Kent RO Systems 26.19. Other Players (As requested) 27. Assumptions and Acronyms Used 28. Research Methodology
Consumer Product
November 2023
REP-IN-246
303 pages
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