DUBLIN–(BUSINESS WIRE)–The “Air Purifier Market Size, Share & Trends Analysis Report by Technology (HEPA, Activated Carbon, Ionic Filters), by Application (Commercial, Residential, Industrial), by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The global air purifier market size is expected to reach USD 25.97 billion by 2030 and is expected to expand at a CAGR of 8.1% from 2022 to 2030
The market is primarily driven by increasing air pollution levels, coupled with the outbreak of the COVID-19 pandemic and the rising awareness pertaining to the benefits of air purifiers.
Air purifiers assist in eliminating various health hazards caused by poor air quality by removing contaminants, including dust, smoke, and pollen. In addition, these products aid people suffering from asthma, airborne allergies, and other respiratory conditions. Thus, increasing health awareness among consumers is expected to drive the product demand over the forecast period.
Lockdown measures to curb the spread of COVID-19 and the stay-at-home and work-from-home norms have boosted the demand for air purifiers in residential applications. Furthermore, the demand for air purifiers increased in healthcare and other commercial facilities amidst the pandemic owing to their ability to limit the spread of infectious diseases.
New product developments and technological advancements amid the COVID-19 pandemic are anticipated to augment the market growth. For instance, in September 2020, Aurabeat Technology Limited, a Hong Kong-based company, introduced Aurabeat AG+ Silver Ion Plasma Sterilization Air Purifier, which can eliminate more than 99.9% of COVID-19 within 30 minutes.
Wildfires and stubble burning that are increasingly found in the U.S., Australia, and India are some of the key reasons for causing air pollution. The smoke has several health implications such as eye and respiratory tract infection, lung infection, bronchitis, and heart failure.
This has prompted consumers to buy air purifiers and is likely to augment the market growth over the forecast period. The pandemic provided an opportunity for companies with higher cashflows to acquire air purifier companies resulting in increased activity in the market.
For instance, in November 2021, iRobot Corporation acquired Aeris Cleantec AG in a USD 72 Million all-cash deal in a bid to strengthen its portfolio of intelligent home innovation solutions.
Air Purifier Market Report Highlights
- The HEPA technology segment held the largest revenue share of over 40.0% in 2021 owing to the high efficiency of HEPA filters in removing airborne particles as compared to other technologies, thereby augmenting its penetration in the market
- The commercial application segment is expected to witness significant growth from 2022 to 2030 on account of the growing demand for air purifiers in hospitals, universities, and government facilities amidst the COVID-19 pandemic
- In the APAC market, Malaysia is likely to expand at a significant CAGR of 12.7% over the forecast period on account of worsening air quality due to urbanization and seasonal haze, coupled with the increasing health awareness and a growing emphasis on good indoor air quality
- In September 2020, MANN+HUMMEL introduced two new high-performance room air purifiers, namely OurAir TK 850, which is suitable for filtering the air in indoor spaces of up to 70 m, and the OurAir SQ 2500, which is ideal for spaces up to 200 m
Key Topics Covered:
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. Information Procurement
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Air Purifier Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Global Air Pollution Control Systems Market
3.2. Market Segmentation & Scope
3.3. Penetration & Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.4.1. Sales Channel Analysis
3.4.2. Raw Material Trends
3.5. Regulatory Framework
3.6. Air Purifier Market – Market dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environment Analysis: Air Purifier Market
3.7.1. Industry Analysis – Porter’s
3.7.2. PESTEL Analysis
3.8. Consumer Behavior Analysis
Chapter 4. COVID-19 Impact Analysis
Chapter 5. Air Purifier Market: Technology Estimates & Trend Analysis
5.1. Air Purifier Market: Technology Movement Analysis, 2020 & 2030
5.2. HEPA (High Efficiency Particulate Air)
5.2.1. Market estimates and forecasts, 2017 – 2030 (USD Million)
5.3. Activated Carbon
5.4. Ionic Filters
Chapter 6. Air Purifier Market: Application Estimates & Trend Analysis
6.1. Air Purifier Market: Application Movement Analysis, 2020 & 2030
Chapter 7. Air Purifier Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2020 & 2030
Chapter 8. Air Purifier Market: Competitive Analysis
8.1. Key Players, Recent Developments & Their Impact on the Industry
8.2. Key Company/Competition Categorization
8.3. Vendor Landscape
8.4. Competitive Dashboard Analysis
8.5. Public Companies
8.6. Private Companies
Chapter 9. Company Profiles
- Honeywell International, Inc.
- LG Electronics, Inc.
- Unilever PLC
- Koninklijke Philips N.V.
- Panasonic Corporation
- Hamilton Beach Brands, Inc.
- Whirlpool Corporation
- Sharp Electronics Corporation
- COWAY Co., Ltd.
- Samsung Electronics Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/qi7ooc