Air Purifier Market Segmentation by Product Type (Conventional, and Smart Air Purifier); by Technology (HEPA, Activated Carbon, Electrostatic Precipitators, Ionic, and Others); by Installation (Indoor, and Outdoor); by Mounting Type (Fixed, and Portable); by Distribution Channel (Offline, and Online); by End-User (Residential, Commercial, and Industrial)-Global Demand Analysis & Opportunity Outlook 2020-2030

Global Air Purifier Market Highlights Over 2020 - 2030

The global air purifier market is estimated to garner a revenue of USD 62,984.6 Million by the end of 2030, by growing at a CAGR of 13.5% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market registered a revenue of USD 17,412.2 Million. The growth of the market can primarily be attributed to the growing concern for air pollution worldwide, as it is known to create several health complications. According to the statistics by the World Health Organization (WHO), every year, 4.2 Million deaths are known to occur as a result of exposure to ambient (outdoor) air pollution.

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The primary cause of air pollution worldwide is the growing population and rising industrialization. Industries, in particular, emit several volatile chemicals, toxic gases, fine particulate matter (PM), and other biological components, which therefore raises air pollution levels. Some of the common pollutants are particle pollution (PM_2.5 and PM₁₀), ozone (O₃), nitrogen dioxide (NO₂), sulfur dioxide (SO₂), and carbon monoxide (CO) among others. On the other hand, to tackle the rising concern for increasing air pollution, the United States Environmental Protection Agency (EPA), has defined the air quality index (AQI) scale for measuring air pollution levels, which allows individuals worldwide to take necessary precautionary measures, such as wearing of masks in a public setting, or using air purifiers indoors.

Global Air Purifier Market Regional Synopsis

Regionally, the global air purifier market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is anticipated to garner the largest revenue of USD 24564.0 Million by the end of 2030, up from a revenue of USD 5867.9 Million in the year 2020. The growth of the market in the region can primarily be attributed to the availability of several countries, such as India, China, and Pakistan, where the air pollution levels are known to be at extreme levels. According to the statistics by The World Air Quality Project, the AQI in Indirapuram, (Ghaziabad), a city located in the Delhi-NCR region in Northern India, reached the hazardous level by registering an index score of 999 on the 23^rd of November 2021 at around 1 pm.

Besides this, several countries in the APAC region are also registered in the list of most polluting cities of the world, which is also expected to boost market growth in the near future. The market in the region is segmented by country into India, China, Australia, Japan, Singapore, South Korea, and the Rest of Asia Pacific. Out of these, the market in China is anticipated to garner the largest revenue of USD 8941.3 Million by the end of 2030, up from a revenue of USD 2124.2 Million in the year 2020.

Growth Drivers and Challenges Impacting the Growth of the Global Air Purifier Market

Growth Drivers

• Increasing Airborne Diseases and Surge in Pollution Levels

• Rise in Public Awareness Related to Air Pollution

• Growing Demand for Air Purifiers in the Commercial Sector

• Rising Demand for HEPA Filters for Different End-Use Applications

Challenges

• Concern for Emission of Ozone from Air Purifiers

• High Price of the Product

Global Air Purifier Market Segmentation Synopsis

The global air purifier market is segmented by product type into smart air purifiers and conventional air purifiers, out of which, the conventional air purifier segment is expected to hold the largest revenue by the end of 2030. By technology, the market is segmented into HEPA, activated carbon, electrostatic precipitators, ionic, and others. Out of these, the HEPA segment is expected to garner the largest revenue of USD 23645.9 Million by the end of 2030, up from a revenue of USD 6201.3 Million in the year 2020. By installation, the market is segmented into indoor and outdoor. Out of these, the indoor segment is expected to grow with the highest CAGR of 13.8% during the forecast period. By mounting type, the market is segmented into fixed and portable, out of which, the portable segment is anticipated to hold the highest market share by the end of 2030. On the basis of distribution channels, the market is segmented into online and offline, out of which, the online segment is expected to grow with the highest CAGR of 16.5% during the forecast period. The market is further segmented by end-user into residential, commercial, and industrial. Out of these, the commercial segment is anticipated to hold the largest revenue of USD 30481.9 Million by the end of 2030, up from a revenue of USD 8731.9 Million in the year 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global air purifier market that are included in our report are Honeywell International Inc., Koninklijke Philips N.V., Xiaomi Group, Dyson, SAMSUNG, DAIKIN INDUSTRIES, Ltd., Panasonic Corporation, Whirlpool Corporation, LG Electronics, SHARP CORPORATION, Blue Star Limited, Coway Co., Ltd., Blueair, AMAIRCAR CORPORATION, Vesync Co., Ltd., Camfil, and others.

Latest Developments in the Global Air Purifier Market:

• April 27^th, 2021: Camfil announced that it has consolidated its two business units in Australia, namely, Airepure Australia Pty Ltd and FilterTech Australia, to form Camfil Australia Pty Ltd. This merger was scheduled to be effective from 1^st of May 2021.

• May 3^rd, 2021: Blueair announced that its air purifiers of the range HealthProtect 7400-series have been found to be 99.99% effective against removing live airborne SARS-CoV-2 virus.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.

• We provide customized reports as per the client's requirements helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• 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 Market Players Analysis & Opportunity Outlook

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