Air Purifier Market Overview
Air purifier is a device which can remove contaminants from air to improve the quality of air. These purifiers are used commonly by people suffering from allergies. They also have commercial applications where they are used to remove impurities such as carbon dioxide, smoke particles and volatile organic compounds that are hazardous to life. There are two types of air purifying techniques named as active and passive. Active air purifiers release negatively charged ions into air which result in attracting pollutants to surface. Technological advancements in healthcare along with the changing consumer behavior towards purchasing products capable of improving the quality of life, are expected to foster the growth of the market. Passive purifiers are more efficient as it can remove the dust and particulate matter permanently in the filters. Air purifier trap airborne particles by size exclusion where air is forced through filters and particles are physically captured. Robotic air purifier has also been launched in the market that are very autonomous in functions and can remove airborne allergens, particulate matters, gaseous pollutants and other chemical pollutants. Growing demand for smart air purifier and improving lifestyle is anticipated to foster the growth of air purifier market over the next few years till 2027.
Market Size and Forecast
The air purifier market is anticipated to record a CAGR of around 27.96% over the forecast period. The market is segmented by type into dust collectors, fume & smoke collectors and by technique into high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, ionizer purifiers and activated carbon filtration. The market is also segmented by end users into residential & commercial, out of which residential segment is anticipated to capture highest demand in air purifier market on account of increasing demand for smart purifier along with rising awareness the effects of air pollution on the body.
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Growth Drivers
Industrialization
As a result of globalization, number of industries across the world has increased. Modern companies are now focused on providing efficient equipment and services to their consumers. Additionally, demand for new engineering tools is increasing owing to increasing demand for automation. Escalation in the number of industries have resulted in rapidly rising levels of air pollutants. This is expected to propel the demand for efficient air purifiers across the world.
The developing urban population over the globe has prompted a solid interest for reliable and health saving medical items such as smart air purifier and face mask. Additionally, the market has witnessed an improved growth of smart appliances. Rising population of urban cities has led a strong impact over air pollution and has degraded the quality of air. Additionally, rising number of vehicles and the emission of pollutants is also anticipated to generate a demand of air purifiers.
Increasing Awareness
Smart air purifiers display efficient working for long hours. The increase in the disposable income of the families have resulted in improved lifestyle creating enormous demand for smart devices to make life comfortable. Utilizing such devices has proven to assist in comfortable breathing especially in people with breathing conditions. Such factors are estimated to foster the growth of market.
Restraints
High Cost of Product
High cost of production and the subsequent cost of the end-product is a major concern that every manufacturer is focused towards. Initial purchasing cost of air purifier is high and poses as a major barrier restricting the low-income populations from availing the product. Further, regular maintenance of these smart equipment results in further increasing the cost. Such factors are expected to restrain the demand for air purifiers across the globe.
Market Segmentation
Our-in depth analysis of the air purifier market includes the following segments:
By Type
- Dust Collectors
- Fume
- Smoke Collectors
By Technique
- High-efficiency Particulate Air (HEPA)
- Thermodynamic Sterilization System (TSS)
- Ultraviolet Germicidal Irradiation
- Ionizer Purifiers
- Activated Carbon Filtration
By End Users
- Residential
- Commercial
By Region
Based on regional analysis, the air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. According to WHO Global Ambient Air Quality Database 2018, around 4.2 million deaths take place every year as a result of exposure to ambient (outdoor) air pollution. Due to such factors there is a rising demand for efficient air purifiers to minimize the effects of the pollutants. On account of easier adoption of innovative technologies, North America region is expected to witness a significant demand in the global market.
Asia Pacific market is anticipated to capture the largest market share in the air purifier market owing to growing urbanization, industrialization and construction activities. With growing health awareness and increase in advancement in healthcare industries, market of Asia Pacific is expected to observe a substantial growth over the forecast period.
The air purifier market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating the Market
- Honeywell International Inc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Koninklijke Philips
- Sunbeam Products Inc
- Xiaomi Corporation
- Coway
- Whirlpool Corporation
- Americair Corporation
- Sharp Corporation
- Dyson Technology Limited
- Blueair Limited
- Bluestar Limited
- Other Prominent Players
