Air Purifiers Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2024-2032F Segmented By Filter Type (Pre-filter+ HEPA, Pre-filter + HEPA + AC, HEPA, Others (Pre-filter, HEPA + Ion & Ozone, HEPA + Electrostatic Precipitators, etc.)), By End User (Commercial, Residential & Industrial), By Distribution Channel (Direct vs Indirect), By Region

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format

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Air Purifiers Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2024-2032F Segmented By Filter Type (Pre-filter+ HEPA, Pre-filter + HEPA + AC, HEPA, Others (Pre-filter, HEPA + Ion & Ozone, HEPA + Electrostatic Precipitators, etc.)), By End User (Commercial, Residential & Industrial), By Distribution Channel (Direct vs Indirect), By Region

The global air purifiers market is anticipated to project robust growth in the forecast period on account of rising health consciousness among people, deteriorating air quality, new product offerings by market players, increasing online presence of air purifier brands, etc.

Air Purifier is a device that filters airborne contaminants such as dust, pollen, etc. There are various particles in the air, some of which may be harmful to health. Advanced filtration technology used in air purifiers can capture toxic airborne contaminants. Even the smallest and most resilient airborne particles present in the indoor air can be captured by air purifiers equipped with High-Efficiency Particulate Air filters (HEPA).

Various factors, such as increased product offerings by market players with advanced technologies, rising air pollution levels, etc., are prompting people to purchase this product. Also, air purifier brands emphasize obtaining government certifications for their products so that consumers can check the product's authenticity. For instance, in 2022, Xiaomi’s Smart Air Purifier 4 Compact, their newest air purifier model, was certified by TÜV Rheinland allergy care, an authoritative testing service provider.

Moreover, brands such as LG are offering innovative products to customers which will further boost the rising demand for air purifiers. For instance, in 2022, LG launched the ‘Table-Type’ air purifier, at IFA 2022, which offers 360-degree purification and user-friendly features.

Furthermore, air purifier brands are focusing on improving their marketing strategies through campaigns, launching their products in exhibitions, etc., to attract a consumer base. For instance, in 2022, Coway launched its latest home health appliances which include ‘Coway Airmega air purifiers’, at IFA (Internationale Funkausstellung) 2022 Exhibition. Also, in 2022, Coway showcased its smart home appliances products at CES (Consumer Electronics Show) 2022.

Rising Health Consciousness Among Consumers Fueling the Market Growth

Lately, air purifiers are becoming all the rage! People are catching on to all the health perks, like cutting down on allergy triggers from dust and pollen, tackling nasty smells, and getting rid of those pesky microbes that can cause allergies, asthma, and other breathing problems. Plus, let's face it, air pollution is getting worse in many countries, and it's freaking people out. The World Health Organization (WHO) says air pollution is linked to about 7 million early deaths every year. A study looking at 117 places worldwide ranked India as the fifth most polluted country. In 2021, their average PM2.5 levels went up to 58.1 g/m3, hitting the same high as before the lockdowns in 2019. What's even worse? India and Pakistan usually have the dirtiest air, with almost half to over half of their cities having PM2.5 levels that are ten times higher than the WHO's safe limit for 2021! So, naturally, breathing problems are going up. And get thisa 2021 World Bank study figured the health costs of air pollution alone add up to around USD8.1 trillion! No wonder folks are snapping up air purifiers – and that's expected to make the market boom even more.

New Product Launches by Market Players Aiding the Market Growth

People want choices, especially when it comes to getting good quality stuff. So, to keep up with what folks want, companies that make air purifiers are busy creating new gadgets and offering more options. Take Electrolux, for example. In 2022, they launched a new line of air purifiers in India with filters that they say can wipe out 99.99% of germs and viruses floating around! Then you have Samsung, which in 2022 also released Internet of Things (IoT) enabled air purifiers boasting a fancy Multi-Layered High-Efficiency Purification System. And get thisin 2022 Camfil launched ‘City M’, a medical-grade air purifier specifically for homes, small businesses, and even private schools. All this innovation is expected to make the Global Air Purifiers Market grow even more in the coming years!

Smart Air Purifiers Boosting Market Growth

Smart air purifiers are getting super popular! Why? Because they're packed with cool features. Think Wi-Fi and Bluetooth connectivity, letting you control them right from your smartphone using handy apps. Super convenient, right? So, companies are rushing to release these gadgets to keep up with what we want. For example, in 2022, Rensair launched a WiFi-connected air purifier, perfect for smaller rooms, that uses both HEPA filtration and germicidal UVC light. And get this, in 2022, Airversa launched the Purelle smart air purifier. It even works with Apple HomeKit, so you can boss it around with Siri if you have an Apple device! Plus, Smartmi dropped the Jya Fjord Air Purifier in the US in 2022. It checks the air quality and cleans it every 15 minutes, and it plays nice with Amazon Alexa, Apple HomeKit, Google Home, and more! All this fancy tech means there are going to be tons of awesome opportunities for businesses in this market down the road.

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Market Segmentation

The global air purifiers market is segmented based on filter type, end user, distribution channel, region, and competitional landscape. Based on filter type, the market is further fragmented into Pre-filter+ HEPA, Pre-filter + HEPA + AC, HEPA, and Others (Pre-filter, HEPA + Ion & Ozone, HEPA + Electrostatic Precipitators, etc). Based on end user, the market is segmented into commercial, residential and industrial. Based on distribution channel, the market is segmented into direct and indirect.


MIR Segment1

Company Profiles

Koninklijke Philips N.V., Honeywell International Inc, Sharp Corporation, COWAY Co., LTD., Panasonic Corporation, Blueair AB, IQAir AG, Camfil AB, Samsung Electronics Co. Ltd., Whirlpool Corporation are

Attribute

Details

Base Year

2022

Historical Years

2018 â€“ 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Million Units and CAGR for 2018-2022 and 2023-2028

Report Coverage

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

Segments Covered

·         Filter Type

·         End User

·         Distribution Channel

·         Region

Regional Scope

North America, Europe, Asia-Pacific, Middle East & Africa and South America

Country Scope

United States; Canada; Mexico; Russia; Germany; France; United Kingdom; Italy; Spain; Netherlands; China; India; Japan; South Korea; Australia, Vietnam, Indonesia; Saudi Arabia; UAE, South Africa, Turkey; Egypt; Brazil; Argentina; Colombia

Key Companies Profiled

Koninklijke Philips N.V., Honeywell International Inc, Sharp Corporation, Coway Co., Ltd., Panasonic Corporation, Blueair AB, IQAir AG, Camfil AB, Samsung Electronics Co. Ltd., Whirlpool Corporation

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