Air Purifier Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Air Purifier Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : September, 2022 | Consumer Goods

Report Digest

Global Air Purifier Market: Overview

Growing airborne illnesses and a rise in the level of pollution in urban areas are likely to boost the growth of the global Air Purifier market. In addition to that, better standard of living, greater health consciousness, and increased disposable income are projected to drive expansion of the global Air Purifier market. Over the projected period, the market is expected to be driven by growing adoption of equipment of air pollution control, particularly in developing areas throughout the world. The growing awareness of a healthy lifestyle, particularly among urban young, is projected to contribute considerably towards the development of the global Air Purifier market in the years to come.

The industry is being driven by factors such as an increase in airborne illnesses and a rise in consumer health consciousness. Air pollution from industry is continually developing as a major hazard to both human and environmental health. The air purifier industry has seen a surge in its demand in the recent years, spurred by deteriorating air quality and rising concern for health. Due to the high maintenance and installation costs, air purifiers have been viewed as a luxury item in both undeveloped and rising nations, particularly in the residential as well as business segments, despite technical advancements. This, in turn, is likely to stifle the expansion of the global air purifier market in the near future.

The “global air purifier market” research makes an inclusion of main market segments such as mounting type, product type, technology, end user, distribution channel, and regional markets. It also examines the global air purifier market's present competitiveness over the projected period of 2020 to 2030.

Global Air Purifier Market: Key Trends

Various mechanical air filters, like HEPA filters, capture pollutants on filter materials and remove them. Huge airborne particles like animal fur, mould spores, pollen, dust, cockroach allergens, and dust mite are captured. HEPA filters are a form of extended surface filter that has a greater surface area and is more efficient at eliminating larger as well as smaller airborne particles. Furthermore, these air filters are more effective than pleated filters at removing respirable particles. The capacity to eliminate particles of a size higher than or equal to 0.3 micrometres is needed by the two most prevalent norms for HEPA air purifiers, namely 99.97% (ASME standard) or 99.95% (European Standard).

Air purifier manufacturers are increasing the output capacity of battery-powered devices the size of a travel mug. Portable air purifiers are becoming increasingly popular in workplaces and coffee shops. Disposable HEPA filters are being replaced with washable and removable filters. Pathogens as well as irritants are being broken down using cutting-edge technologies like photocatalytic technology and ultraviolet (UV) LEDs.

In a bid to effectively introduce their items in the air purifier industry, startups are turning to crowd-funding approaches. Because air quality sensors operate in unison with purifiers to evaluate the danger of viral transmission and moulds, the flood of air quality sensors is likely to benefit the equipment makers.

Global Air Purifier Market: Competitive Assessment

  • Daikin Industries Ltd. made an investment of around US$ 2 Mn in Locix Inc., a start-up located in the US, in April 2020 to make use of its spatial intelligence products and services to expand its AC solutions business.

Some of the well-known players in the global air purifier market are listed below:

  • Samsung Electronics Co., Ltd.
  • Honeywell International, Inc.
  • Sharp Electronics Corporation
  • Koninklijke Philips N.V.
  • Whirlpool Corporation
  • LG Electronics Inc.

Global Air Purifier Market: Regional Assessment

In 2020, Europe dominated the global air purifier market, with Asia Pacific as well as North America following closely after. In Asia Pacific, a growing millennial population eager to try new consumer products, growing consumer understanding of clean air, high purchasing power of the people are all likely to drive demand for air purifiers. Europe and North America are established air purifier markets, replacement of air purification devices across industries are likely to boost market demand in the regional markets throughout the forecast period, from 2020 to 2030.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?