Global Air Purifier Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Air Purifier Market Introduction

An air purifier is a device that is used to remove at least some of the contaminants in the air from a person's environment. Air purifiers range from small tabletop models to large industrial machines and can be categorized by function. For instance, some purge the irritants from the air by scrubbing, filtering, or adsorbing them with chemicals or filters. On the other hand, others emit negative ions, which cause particles to clump together so they can be removed mechanically or chemically. Air Purifiers use either a HEPA filter or Activated Carbon Filter to remove allergens and bacteria from the air you breathe.

The increasing demand for air purifiers will be due to the release of volatile organic compounds (VOCs) through emissions from gas-guzzling cars, chemical sprays in agriculture, and increased fossil fuel production. The public has become more aware of new health risk, but many do not know how to protect themselves or their families. Air purifiers are an option that can combat the negative effects of increased VOC exposure by removing these airborne particles.

The Global Air Purifier Market Revenue Outlook:

The Global Air Purifier Market was estimated to be valued at US$ 11.2 Bn in 2020 and is projected to approximately register а САGR of 9.8% by 2031.

Factors That Have A Positive Impact On Overall Revenue Growth

The increase in airborne diseases and rising pollution levels in urban areas are expected to promote the development of the global air purifier market. In addition, increased health awareness, improved living standards, and increased disposable income are expected to drive the growth of the target market during the forecast period. Increased adoption of air pollution control equipment, especially in developing economies around the world, is expected to support the market throughout the forecast period.

The increased awareness of healthy lifestyles, especially among urban youth, is expected to significantly contribute to the revenue growth of the global air purifier market. The increase in the prevalence of airborne diseases and the increase in air pollution levels in the United States are also expected to positively impact the global air purifier market. The HEPA technology segment is expected to dominate the U.S. market throughout the forecast period because it is the most effective technology for capturing harmful airborne particles.

Air Purifier Market Restraints

In the current conditions of the world, many people are interested in buying an air purifier to reduce their exposure to pollutants. However, there are some disadvantages of using an air purifier. In order for an air purifier to be effective, it needs to remove particles larger than 0.3 microns from the atmosphere. There is need to filter out allergens and other small particles that can cause health problems such as asthma and respiratory issues.

Trends in Air Purifier Market

There are many trending developments in air purifiers produts depending on new technologies. They can be germicidal, oxidative, or ionizing. A good air purifier will remove microscopic particles, bacteria, and viruses from the air. For example, some units may have negative ionizers that break down bacterial DNA to reduce infections. Some units use ozone which is a powerful oxidizer to kill bacteria. Others have filters that convert harmful gases into harmless substances.

Opportunity for Air Purifier Manufacturers Across The Globe

The demand for air purifiers has risen in the past few years, because of its concern for public health. Air purifiers have successfully fought off allergens, viruses, bacteria, and other airborne particles that cause respiratory problems. Due to this success, there are more manufacturers trying to get into the business. The market is also expected to grow, because many people are still unaware of the benefits of an air purifier. In the next few years, several factors, such as changes in lifestyle preferences, deterioration of indoor air quality, intensification of health problems, and increasing consumer awareness of the benefits of air purifiers, may drive the development of the market.

Overall Impact of COVID-19 Pandemic on Air Purifier Market

Source: Prudour, 2021

COVID-19 has proven to be a key driver behind the influx of many camping attributes. More than 70% of North American campers changed their camping habits in 2020, and RV ownership in the United States and Canada is on the rise. In the United States, the proportion of campers camping for the first time in 2020 is five times that of 2019. The outbreak of COVID-19 has had a significantly negative influence on several end-use industries due to a shortage of raw materials, travel restrictions, a shift in production priorities with slight change in consumer behavior, supply chain disruptions. End-use industries such as cosmetics, electronics, packaging, medical & pharmaceuticals, etc., have faced severe economic losses for respective enforced lockdowns. Strong disruptions in the global supply chain of raw materials, intermediates, and end-products have been felt across the globe.

Regional Analysis

The Asia Pacific dominates the air purifier market, with China and Japan leading the pack. The region's rapid industrialization, increasing population growth, and poor environmental regulation have contributed to the high pollution rates. This has created an opportunity for manufacturers to produce innovative products that consumers need.

Competitive Landscape

The Global Air Purifier Market landscape appears highly consolidated, with a major chunk of it being dominated by below players.

• Honeywell International Inc.
• Carrier
• Dyson
• Whirlpool Corporation
• Panasonic Corporation
• LG Electronics
• Samsung Electronics Co. Ltd.
• Sharp Electronics Corporation
• Unilever PLC
• Koninklijke Philips N.V.
• ACCO Brands Corporation
• IQAir
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Segments Covered

The Global Air Purifier Market, By Mounting Type

• Fixed
• Portable

The Global Air Purifier Market, By Technology

• High-efficiency Particulate Air (HEPA)
• Activated Carbon
• Ionic Filters
• Other Technologies

The Global Air Purifier Market, By Distribution Channel

• Online Stores
• Specialty Stores
• Other Distribution Channels

The Global Air Purifier Market, By Application

• Household
• Commercial
• Industrial