According to the Market Statsville Group (MSG), the global air purifiers market size is expected to grow from USD 14.93 billion in 2022 to USD 31.11 billion by 2033, growing at a CAGR of 6.9% from 2023 to 2033. The growing popularity of smart homes, supporting government legislation for effective air pollution monitoring and management, and increased public awareness of the healthcare and environmental repercussions of air pollution are driving the expansion of this industry. In addition, the necessity for an energy-efficient air purifier, as well as R&D to bring novel products to market, is assisting market growth. Nevertheless, the high cost of these devices, as well as the technological constraints associated with air quality monitoring equipment, are projected to impede market growth throughout the projection period.
Moreover, supportive government initiatives for effective air pollution monitoring & control, for instance, in September 2021, the Indian Government inaugurated the first functional smog tower in Delhi on International Day of Clean Air for Blue Skies. The smog tower is a structure that is used as a large/medium-scale air purifier to reduce pollutants by forcing air through filters. This will also create opportunities in the market over the forecasting period all over the globe.
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Scope of the Global Air Purifiers Market
The study categorizes the air purifiers market based on technology, and application area at the regional and global levels.
By Technology Outlook (Sales, USD Million, 2019-2033)
High Efficiency Particulate Air (HEPA)
Activated Carbon
Ionic Filters
Others
By Application Outlook (Sales, USD Million, 2019-2033)
Commercial
Retail Shops
Offices
Healthcare Facilities
Hospitality
Schools & Educational Institutions
Laboratories
Transport
Others
Residential
Industrial
By Region Outlook (Sales, USD Million, 2019-2033)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
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High Efficiency Particulate Air (HEPA) segment accounts for the largest market share by technology
Based on the type, the market is divided into high efficiency particulate air (HEPA), activated carbon, ionic filters and others. The high efficiency particulate air (HEPA) segment is expected to dominate the market share in 2022 in the global air purifiers market. The high efficiency particulate air (HEPA) segment currently dominates the market share in the air purifiers market. HEPA filters are particularly efficient in capturing airborne particles such as smoke, dust, bio-contaminants, and pollen. Because of the high fineness and dependability of HEPA filters to remove airborne particles, the global air purifier business is expected to witness growing product penetration. Filters using activated carbon or charcoal are formed of microscopic particles of carbon that have been treated with oxygen particularly to open the pores of the carbon atoms. As a result, the carbon becomes porous and has a bigger surface area, increasing its ability to trap airborne particles.
Asia Pacific is expected to witness the largest market share by Region
Based on the regions, the global air purifiers market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. Asia Pacific is projected to account for the highest market share in 2022. Due to a variety of factors, such as a greater population with more disposable money and rising urbanization and industrialization. According to a 2019 Clean Air Coalition research, East Asia accounted for more than 35% of worldwide premature deaths due to air pollution, followed by South Asia. A common contributor to airborne particulates is a lack of enforcement and regulations for industrial emissions, domestic heating, and oil-based road transportation. Rising smog and air pollution levels, notably in China and India, are expected to boost the use of air purifiers and encourage regional market growth. Some of the factors that have impacted South Korea's ecological balance and lowered air quality are political actions and fast urbanization.
Competitive Landscape: Global Air Purifiers Market
The air purifiers market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.
Major key players in the global air purifiers market are:
Daikin
Boneco AG
HoMedics UK
Panasonic
Philips
Coway
Sharp
IQAir
Camfil
Blueair
Winix
Honeywell International Inc.
Maxell
Rabbitair
Air Oasis
Airpura Industries.
EnviroKlenz
Aurabeat Technology
Hitachi
3M
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Global Air Purifiers Market Dynamics
Drivers: Increasing urbanization and indoor air pollution levels
Several emerging and developed nations have observed a steep increase in the rate of industrialization and urbanization in the global economy that act as a prominent demand for the market growth over the forecast period. As the world constantly urbanizes and industries facing pollution, many organizations and other industrial sectors are expanding their production output, which, in turn, is leveraging the demand for air purifier market. The air purifiers are used in various industries such as food and beverage, printing, chemical, power plants, and fuel manufacturing. Air purifiers are used in this industry for air monitoring and cleaning while manufacturing process various gases and airborne particles released, which are harmful to the employees and can affect the environment substantially if not controlled. In addition, air purifiers are used in homes to improve indoor air quality by eliminating odors, smoke, and airborne dust particles.