The new report by Expert Market Research titled, ‘Global Air Purifier Market Trends, Share, Demand, Report and Forecast 2023-2028’, gives an in-depth analysis of the global air purifier market, assessing the market based on its segments like mounting types, technologies, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Air Purifier Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2020): USD 11.2 Billion
• Forecast CAGR (2023-2028): 10%
The growing concerns pertaining to the rising pollution levels in the urban areas is driving the demand for air purifiers. The increasing susceptibility of geriatrics to airborne diseases is anticipated to be a major driving factor. The growing awareness about the various advantages offered by the product which include improved sleep, reduced chances of asthma, and reduced stress, is also anticipated to bolster the market growth in the forecast period.
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In terms of region, the Asia Pacific accounts for a significant share in the market owing to the high consumer base in India and China, rising standards of living, and rapid urbanisation. Air quality of India has been deteriorating over the past few years which is a matter of concern. This is anticipated to be a major driving factor in the market in the forecast period.
Air Purifier Industry Definition and Major Segments
Air purifier is defined as a device which removes the contaminants and allergens, such as dust and pollen, from the air. These devices are usually installed in rooms, vehicles, or small rooms, to circumscribe the health risks associated with breathing polluted air. In an air purifier, a fan moves air through the filter, thereby trapping the pollutants and filling up the room with fresh air.
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On the basis of mounting type, the market can be bifurcated into:
The market can be broadly classified based on technology into:
• High-Efficiency Particulate Air (HEPA)
• Activated Carbon
• Ionic Filters
On the basis of application, the market can be divided into:
The regional markets for air purifier include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Air Purifier Market Trends
The key trends in the air purifier market include the growing R&D activities aimed towards manufacturing air purifiers with innovative scents and stress relieving elements. For instance, air purifiers with fruity and pleasant aroma are gaining traction from the residential sector. Meanwhile the rising demand for air purifiers from the commercial and industrial sector is anticipated to be another key trend in the market.
Air purifiers are becoming mandatory hotels, restaurants, and malls, etc., to bolster the hospitality. Furthermore, the increasing sales of air purifiers via the online channels, owing to the presence of wide range products with attractive discounts is likely to be another key trend in the market.
Key Market Players
The major players in the Air Purifier market report include:
- Honeywell International, Inc.
- Camfil AB
- Samsung Electronics Co., Ltd
- Sharp Electronics Corporation
- LG Corporation
- Blue Star Limited
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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