Market Overview:
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).
The global air purifier market has witnessed significant growth in recent years, driven by increasing concerns about air quality and a growing awareness of the health risks associated with air pollution. Air purifiers are devices designed to remove contaminants, allergens, and pollutants from indoor air, making them a vital tool in improving indoor air quality. This market has seen steady expansion, driven by factors such as rising urbanization, industrialization, and the ever-increasing need to combat airborne diseases. Additionally, the COVID-19 pandemic has further accelerated the demand for air purifiers as people became more conscious of the importance of clean and safe indoor air.
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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Market Dynamics and Factors for Air Purifier Market:
Market Driver:
One of the key drivers propelling the air purifier market is the rising global pollution levels. Urbanization and industrialization have led to increased emissions of particulate matter, volatile organic compounds (VOCs), and other harmful pollutants into the atmosphere. This has resulted in deteriorating air quality, leading to a surge in respiratory diseases and allergies. As a result, individuals and organizations are investing in air purifiers to mitigate health risks, making air purifiers an essential solution for maintaining healthy indoor environments.
Market Opportunity:
An emerging market opportunity within the air purifier industry lies in the integration of smart technologies. As consumers increasingly seek convenient and connected solutions, smart air purifiers that can be controlled remotely through mobile apps or voice assistants are gaining traction. This trend not only enhances user experience but also allows for real-time monitoring and adjustment of air purification settings. Manufacturers have the opportunity to develop innovative, IoT-enabled air purifiers that provide data on air quality, filter status, and energy consumption. This can open up new avenues for personalized air purification and data-driven insights for users, creating a niche within the market.
The Report Will Include A Major Chapter
· Patent Analysis
· Regulatory Framework
· Technology Roadmap
· BCG Matrix
· Heat Map Analysis
· Price Trend Analysis
· Investment Analysis
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Segmentation Analysis of the Air Purifier Market:
By Technology
· HEPA
· Activated Carbon
· Ionic Filters
By Application
· Commercial
· Residential
· Industrial
Regional Analysis of 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.
· 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 Developments of Air Purifier Market
October 2021, Dyson has introduced two new air purifiers that can produce both hot and cold air. The HEPA 13 standard filtration of this air purifier is sealed and eliminates 99.95 percent of particles as tiny as 0.1 microns.
December 2020, Zeco Aircon has developed an air filtration technique that can kill viruses such as COVID-19, which causes SARS-CoV2. The Centre for Cellular and Molecular Biology (CCMB) has recognized zircon air purifiers as an effective anti-viral technology that may be employed in centralized ventilation systems and standalone units.
Key Attentions of Air Purifier Report:
- The report offers a comprehensive and broad perspective on the global Air Purifier market.
- The market statistics represented in different Air Purifier segments offer a complete industry picture.
- Market growth drivers and challenges affecting the development of Air Purifier are analyzed in detail.
- The report will help in the analysis of major competitive market scenarios, and market dynamics of Air Purifier.
- Major stakeholders, key companies Air Purifier, investment feasibility and new market entrants’ study is offered.
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