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Global Air Purification Systems Market Size By Technology (HEPA, Activated Carbon, UV Light, Ionizers, Ozone Generators), By Application (Residential, Commercial, Industrial), By Distribution Channel (Online, Offline), By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Air Purification Systems Market Size By Technology (HEPA, Activated Carbon, UV Light, Ionizers, Ozone Generators), By Application (Residential, Commercial, Industrial), By Distribution Channel (Online, Offline), By Geographic Scope And Forecast

Air Purification Systems Market Size And Forecast

Air Purification Systems Market size was valued to be USD 16.95 Billion in the year 2023 and it is expected to reach USD 27.31 Billion in 2031, growing at a CAGR of 6% from 2024 to 2031.

  • Air purification systems are devices or technologies that remove pollutants, allergens, dust, volatile organic compounds (VOCs), and other hazardous particles from indoor or enclosed environments.
  • These systems typically catch and remove impurities through the use of filters, electrostatic precipitators, or adsorption processes. Air filtration systems have a wide range of uses, including residential, commercial, industrial, and healthcare environments. They help to make houses healthier by increasing air quality for residents, especially those with respiratory disorders.
  • They help to maintain clean air requirements in commercial and industrial settings, protect machinery from particulate matter, and create a safe work environment. In the future, the breadth of air purification systems is likely to expand with technological improvements, such as smart integration and energy-efficient designs. These advances are anticipated to improve their ability to adapt to different surroundings, contributing to overall well-being and environmental sustainability.

Global Air Purification Systems Market Dynamics

The key market dynamics that are shaping the global Air Purification Systems Market include

Key Market Drivers

  • Integration of Smart TechnologyThe growing popularity of smart home and IoT technologies has resulted in the integration of air filtration systems with smart home devices. These devices may now be managed remotely, track air quality in real time, and provide information on the efficiency and effectiveness of air purification processes.
  • Increasing demand for multifunctional systemsConsumers are increasingly looking for air filtration systems that can filter several contaminants, manage humidity, and improve overall indoor air quality. This trend reflects a more general emphasis on holistic health and wellness solutions.
  • Advancements in Filtration TechnologyRising advances in filtration technology, such as high-efficiency particulate air (HEPA) filters, activated carbon filters, and electrostatic precipitators, have improved the efficacy of air purification systems, allowing for more thorough and efficient pollutant elimination.
  • Increasing Awareness of Indoor Air Pollution Increasing knowledge and concern about indoor air pollution, particularly in metropolitan areas, has spurred demand for air purifiers. This trend is projected to continue, fueled by health-conscious customers and increased urbanization.

Key Challenges

  • Rising Costs of High-Quality FiltersThe rising cost and availability of advanced filtering materials, such as HEPA filters and activated carbon, can raise the overall cost of air purification systems, making high-end models less affordable for budget-conscious users.
  • Limited awareness in emerging marketsWhile the industry is growing, several emerging markets still have a low knowledge of the benefits of air purifiers. A lack of education and awareness can limit market growth in certain areas.
  • Environmental impact of disposablesThe disposal of used filters, particularly those containing synthetic materials, can harm the environment. Manufacturers and consumers are increasingly seeking for environmentally friendly ways to reduce waste.
  • Technological Complexity and Maintenance Advanced air filtration systems that use smart and IoT technologies might be difficult to manage and maintain. Connectivity issues, software updates, and device failures can all cause problems for consumers.

Key Trends

  • Advancements in Filter TechnologyContinuous advances in filtration technology, such as high-efficiency particulate air (HEPA) filters, activated carbon filters, and electrostatic precipitators, have improved the ability to absorb pollutants, allergens, and odors more efficiently.
  • Integration of Smart Home DevicesAir purification systems are increasingly being integrated with smart home devices and IoT platforms, enabling remote monitoring, control, and optimization of air quality via automatic settings and data analytics.
  • Increasing focus on sustainabilityThere is an increasing interest in developing eco-friendly and sustainable air purification systems, which include recyclable materials, biodegradable filters, and energy-efficient designs.
  • Increase in Customized and Multifunctional Systems Consumers are increasingly looking for customized air purification solutions that meet specific needs, such as removing pet dander, tobacco smoke, or chemical fumes, as well as multi-functional systems that include functions like humidity management and odor eradication.

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Global Air Purification Systems Market Regional Analysis

Here is a more detailed regional analysis of the global Air Purification Systems Market

North America

  • There is a high adoption rate of air purification systems in North American healthcare facilities to prevent the spread of infections.
  • Various awareness campaigns about indoor air quality in the region are promoting the use of air purification systems.
  • North America is characterized by its quick adoption of emerging technologies, leading to the integration of smart and connected air purification systems in both commercial and residential sectors.
  • The region has a high prevalence of allergies, driving demand for air purifiers that specialize in removing allergens from indoor environments to improve the quality of life for sufferers.

Asia Pacific

  • Rapid urbanization in the Asia Pacific is leading to increased pollution and driving the need for air purification solutions.
  • The region is home to many manufacturing hubs that are investing in industrial air purification systems to protect workers’ health.
  • Rapid urbanization in Asia Pacific has resulted in significant air pollution, leading to increased public awareness and the subsequent adoption of air purification systems.
  • The region is experiencing growth in the manufacturing sector, which requires the implementation of industrial air purification systems to protect worker health and meet regulatory standards.

Global Air Purification Systems Market Segmentation Analysis

The Global Air Purification Systems Market is Segmented on the basis of Technology, Application, Distribution Channel, And Geography.

Air Purification Systems Market, By Technology

  • HEPA
  • Activated Carbon
  • UV Light
  • Ionizers
  • Ozone Generators

Based on Technology, the Global Air Purification Systems Market, segmentation includes HEPA, Activated Carbon, UV Light, Ionizers, and Ozone Generators. The “HEPA” (great-Efficiency Particulate Air) filter technology is widely used due to its great efficiency in trapping particulate matter and allergens. The “Activated Carbon” segment is quickly expanding, driven by the increased demand to remove volatile organic compounds (VOCs), smells, and hazardous gasses from indoor air.

Air Purification Systems Market, By Application

  • Residential
  • Commercial
  • Industrial

Based on Application, the Global Air Purification Systems Market is segmented into Residential, Commercial, and Industrial sectors. The “Residential” category is dominant due to rising consumer awareness of indoor air quality and concerns about health and wellness. The “Commercial” market is quickly expanding, owing to the growth of enterprises and workplaces where sustaining clean air standards is critical for employee well-being and productivity. One increasing fact is the increased need for air filtration systems in the commercial sector, notably in retail and hospitality settings, in order to improve customer experience and meet regulatory requirements.

Air Purification Systems Market, By Distribution Channel

  • Online
  • Offline

Based on Distribution Channel, the Global Air Purification Systems Market is segmented into Online, and Offline segments. The “Offline” distribution channel is dominating because to its established presence in retail locations and authorized dealers, where consumers may gain hands-on experience and direct counsel. The “Online” segment is quickly expanding, driven by convenience, accessibility, and increased e-commerce penetration, making air filtration systems more readily available to consumers worldwide. One developing truth is the proliferation of online sales platforms, particularly in emerging nations, where consumers increasingly choose the convenience of purchasing home appliances online.

Key Players

The “Global Air Purification Systems Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Daikin Industries, Sharp Corporation, Honeywell International, LG Electronics, Panasonic Corporation, Philips, and Dyson.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Air Purification Systems Market Recent Developments

  • In March 2023 Honeywell has broadened its capabilities in smart air purification solutions by acquiring a tech company specializing in artificial intelligence, aiming to enhance indoor air quality through advanced data analytics.
  • In May 2023 Daikin has strengthened its position in the commercial air purification space through the acquisition of a regional manufacturer, consolidating its product line and expanding its technological footprint.
  • In a strategic move in July 2023, Sharp has formed a joint venture with a medical technology company, focused on integrating its Plasmacluster ion technology into new healthcare-oriented air purification systems.
  • In September 2023, Philips has invested in cutting-edge air filtration technology by acquiring a startup renowned for its nanotechnology filters, significantly enhancing its R&D efforts for air purifiers.
  • Continuing its innovation in smart appliance integration, In November 2023 Blueair has diversified its product offerings by merging with a home automation company, enriching its air purifiers with advanced smart home functionalities.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value(USD Billion)

KEY COMPANIES PROFILED

Daikin Industries, Sharp Corporation, Honeywell International, LG Electronics, Panasonic Corporation, Philips, Dyson

SEGMENTS COVERED

By Technology, By Application, By Distribution Channel, And By Geography

CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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