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Air Purifier Market Analysis Report By Technology, By Application, By Region And Segment Forecasts From 2020 To 2027

Report ID: MN17619582  |  Published: April 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods

Industry Insights

The global air purifier market size was valued at USD 8.04 billion in 2019 and is anticipated to grow at a CAGR of 10.8% over the forecasted period. Increasing pollution particularly in urban cities along with the growing prevalence of airborne diseases is projected to propel the demand for air purifiers. In addition, growing health awareness and rising income levels of consumers are also boosting the market growth. Moreover, the growing need for air pollution equipment for controlling air pollution is expected to increase the demand for the product, especially in developing countries. 

Strict environmental laws, rising industrialization, and growing awareness regarding air pollution are expected to have a positive impact on market growth. High-efficiency particulate air (HEPA), the segment is anticipated to lead the market in the next few years.

U.S. air purifier market

According to one of the surveys, clean air is very vital for avoiding health problems. Moreover, the rising residential sector along with industrialization especially in the developed countries is contributing to air pollution. 

Demand for the product is increasing owing to rising concerns for chronic respiratory disorders. Moreover, growing health consciousness among consumers is also projected to increase the demand for the product. The product has high demand from restaurants, hotels operators for better air purification. 

An increasing number of air pollution control campaigns across the globe by the government is anticipated to bolster the demand for air purifiers. Government authorities are also implementing stringent policies for maintaining air quality, which is expected to propel market growth over the forecast period. 

Technology Insights

Based on technology, the air purifier market is bifurcated into activated carbon, HEPA, ionic filters, and others. In 2019, the HEPA held the largest market share in the overall market. HEPA technology products are highly efficient in reducing airborne particles such as smoke, pollen, bio-contaminants, and dust. 

An activated carbon filter has a larger area which helps in trapping fumes, odors, and gases. HEPA-based products are less effective in trapping these gas fumes. HEPA products are also used along with carbonated filters to improve the high quality of the air purification with greater efficiency. 

Ionic filters contributed to over 26.0% share in 2019. This segment is anticipated to grow at a significant rate in the next few years. Air ionizers attack hazardous airborne particles with the help of negative ions. 

Another technology comprises electrostatic precipitators, ozone generators, and UV light technology. UV technology destroys germs and viruses using UV lamps. An ozone generator eliminates bacteria and harmful chemical elements. 

Application Insights

The application segment is comprised of residential, industrial, and commercial. In 2019, the commercial application held the largest market share over 71.0% in the overall market. The segment is expected to grow substantially over the forecast period, owing to increasing demand from educational institutes and office spaces. 

The commercial sector includes hospitals, hotels, shopping malls, and movie theatres applications. Air purifiers are used in these spaces to maintain excellent air quality. The market is anticipated to grow significantly owing to rapid urbanization in developing countries.

Global air purifier market share

The residential segment is projected to grow at a rate of 12.2% over the forecast period. The Asia Pacific is expected to grow at the fastest rate from 2020 to 2027. This growth is majorly due to rapid urbanization and increasing pollution in countries such as China and India. 

Air purifiers are primarily used in power plants, manufacturing, and HVAC industries. They help in eliminating asbestos, smoke, dust, and harmful particles which are not good for health and the environment. 

Regional Insights

North America is anticipated to continue its significant share in the overall market. In this region, there is high demand for the product due to growing awareness regarding health and rising air pollution. In addition, strict policies by the Environment Protection Agency are projected to spur market growth.

The Asia Pacific region is estimated to grow at the fastest CAGR from 2020 to 2027. The growing industrialization along with urbanization is a major factor driving the growth of the product.

Europe is projected to account for USD 3.76 billion by the end of 2027. Rising industrial application in the countries such as U.K., Germany, France, and Italy is expected to boost the demand for the product.

Central & South America is expected to grow at a CAGR of over 4.9% from 2020 to 2027. The market is anticipated to witness significant in the coming few years, owing to the presence of developing countries such as Argentina, and Brazil.

Impact of COVID-19 Insights

The COVID-19 pandemic is expected to positively impact the global air purifier market. Several government authorities and the U.S. Center for Disease Control & Prevention have recommended taking precautions regarding airborne diseases including COVID-19 patients. This is projected to spur the demand for air purifiers in the next few years. HEPA filters are projected to gain momentum during the pandemic situation as these purifiers can effectively filter out particulates from the air which is required for better respiration in the human body.

However, various manufacturers have faced challenges due to delay in their supply chain logistics owing to lockdown in January to March 2020.

Air Purifier Market Share Insights

Leading players in the market include Koninklijke Philips N.V., Honeywell International Inc., Daikin Industries, Ltd, Panasonic Corporation, and IQAir. Major players spend huge money by investing in R&D and developing new products based on advanced technologies. 

Report Scope

Attribute

Details

The base year for estimation

2019

Actual estimates/Historical data

2016 - 2018

Forecast period

2020 - 2027

Market representation

Revenue in USD Million & CAGR from 2020 to 2027

Regional scope

North America, Europe, Asia Pacific, Central & South America & Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, U.K., France, China, India, Japan, Saudi Arabia, and Brazil.

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For this study, Million Insights has segmented the global air purifier market report based on technology, application, and region:

• Technology Outlook (Revenue, USD Million, 2016 - 2027)
    • High-Efficiency Particulate Air
    • Activated Carbon
    • Ionic Filters
    • Others

• Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Commercial
    • Residential
    • Industrial

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
    • the Asia Pacific
        • China
        • India
        • Japan
    • Central & South America
        • Brazil
    • Middle East & Africa (MEA)
        • Saudi Arabia

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