Global air purifier market is exhibiting a CAGR of around 13% during 2022 - 2027 on account of rising concerns about various diseases due to pollution, growth disposable income, increasing product innovations and improving air filter availability through multiple channels. The global air purifier market is segmented based on filter type, end-user, region and competition. Based on the end-user segment, the market is bifurcated into commercial, industrial and residential. Until 2021, the commercial segment dominated the global air purifier market and the trend is expected to continue during the forecast period.
Surging Pollution Level
Globally, level of air pollution is increasing at a robust scale, owing to rapid industrialization, growing car sales and increasing construction activities, especially in developing economies. Pollution contaminates the air and increases the risk of various types of diseases. In order to inhale clean air, people are purchasing air purifiers across the globe. Indoor air may be up to 100 times more polluted than outdoor air. According to the European Commission, indoor and outdoor pollution is a major environmental health concern and may lead to serious health problems.
Growing Demand from Hospitals, Schools and Hospitality Sector
Increasing demand for air purifiers across the globe can be attributed to the adoption of various stringent air quality measures by governments of several countries. For instance, many states in the United States have implemented legislation mandating schools to take specific actions pertaining to indoor air quality. Moreover, adoption of air purifiers in hospitals, clinics and hotels is also increasing at a robust pace, globally.
Easy Availability of Counterfeit Products
Global air purifier market faces serious challenges due to the easy availability of imitation or counterfeit products. Availability of low priced counterfeit products in areas where there is low prominence of branded air purifiers undermines buyers’ confidence and threatens growth prospects in the global air purifier industry.
Market Segmentation
Moreover, the global air purifier market is segmented based on filter type which includes HEPA & Activated Carbon, Ion & Ozone, Electrostatic Precipitators, HEPA & Activated Carbon + Ion & Ozone, HEPA, Activated Carbon and Others. In HEPA & activated carbon based air purifiers, HEPA filters are used to remove dust as well as particulate matter, while activated carbon removes foul odor. As a result, these two technologies complement each other, and provide highly efficient air purification and odor removal as compared to single technology based air purifiers. Until 2021, HEPA & activated carbon based air purifiers dominated the global air purifier market. Availability of HEPA & activated carbon air purifiers is rising, owing to increasing focus of companies on this segment.
Download The Sample Report
Regionally, Asia-Pacific dominated the global air purifier market, and the region is anticipated to maintain its dominance in the market over the next five years as well. Asian countries such as India, China and Pakistan are registering high pollution levels. Consumers are focusing on obtaining access to cleaner and non-contaminated air. Consequently, countries such as China and India are registering increase in the number of air purifier installations in hospitals, schools and corporate sector. Furthermore, air purifiers are increasingly being adopted in the residential sector in the region, on account of increasing concerns regarding the harmful effects of depleting indoor air quality.
Camfil AB, Panasonic Corporation, IQAir AG, Blueair AB, Koninklijke Philips N.V., Honeywell International Inc., Coway Co., Ltd., Sharp Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., Austin Air Systems Ltd. , Jarden Consumer Solutions (Europe) Limited, AllerAir Industries, Alen Corporation, Eureka Forbes Ltd., Rabbit Air, Beijing YADU Science & Technology Co., Ltd., Daikin Industries, Ltd, among others are some of the leading players operating in global air purifier market.
