Global Air Purifier Market: By Technology (Activated Carbon, HEPA, Ionic filters, and Others),By Application (Commercial, Residential, and Industrial), By Type (Standalone/Portable, andIn-duct/Fixed), and By Region (North America, Europe, Asia-Pacific, Central & South America, and Middle East & Africa) – Forecast period till 2030

Description

Market Overview:

The Global Market for Air Purifiers was valued at USD 13.9 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030. This growth is primarily fueled by increasing concerns over airborne diseases and rising pollution levels in urban centers worldwide. There has been notable attention on air quality improvements, with regions witnessing persistent challenges related to particulate matter levels. Factors such as heightened health awareness, improved lifestyles, and increased disposable incomes are further propelling market expansion. Additionally, the uptake of air purification technologies, particularly in emerging economies, is expected to drive substantial growth in the industry throughout the forecast period.

Market Size for Global Air Purifier Market on the Basis of Revenues in USD Bn, 2018-2023

Source: Maven Market Research

Factors Affecting the Growth of the Global Air Purifier Market:

• Urbanization: As urban populations continue to grow, so does exposure to pollutants from industrial activities, vehicular emissions, and other sources. Urban areas often face higher levels of air pollution, leading to greater demand for air purifiers as individuals and organizations seek to mitigate health risks associated with poor air quality.
• Awareness of Indoor Air Quality:There is a growing awareness among consumers about the impact of indoor air quality on health. Factors such as allergens, volatile organic compounds (VOCs), and airborne pathogens contribute to concerns about respiratory health and overall well-being. This heightened awareness drives individuals and businesses to invest in air purification solutions to create healthier indoor environments.

Restraints in the Global Air Purifier Market:

• Health Concerns from Ozone Emissions: Certain types of air purifiers, particularly those using ozone-generating technologies, can emit ozone as a byproduct. Ozone, even in low concentrations, can potentially pose health risks, such as respiratory irritation or exacerbation of asthma symptoms. Concerns over ozone emissions can lead to regulatory scrutiny and consumer hesitancy towards ozone-based air purifiers.
• High Operational Costs:Beyond initial purchase costs, air purifiers often require regular maintenance, including filter replacements and electricity consumption. These ongoing operational costs can deter potential buyers, especially in regions or among demographics with limited financial resources.

What is the current structure of the Global Air Purifier Market?

Based on Technology, theHigh-Efficiency Particulate Air(HEPA) segment leads the Global Air Purifiers Market

Based on technology, the global air purifier market is segmented into activated carbon, high-efficiency particulate air (HEPA), ionic filters, and other technologies. Among these, HEPA filters have emerged as the dominant segment worldwide. HEPA filters are highly effective in removing airborne pollutants such as pollen, dust, smoke, and bio-contaminants. Their superior effectiveness and reliability in eliminating airborne particles are expected to drive their growth in the global market. Activated carbon or charcoal filters consist of tiny carbon particles treated with oxygen to enhance surface area and porosity, making them effective in absorbing gases, odors, and airborne chemicals from sources like cooking, mold, pets, and smoke.

Based on Application, the Commercial segment will dominate the Global Air Purifiers Market

In terms of application, the global air purifier market is segmented into residential, commercial, industrial, and various other sectors. The commercial segment, including applications in hospitals, offices, hotels, schools, shopping malls, and entertainment venues, holds the largest share of the market. Air purifiers are widely used in commercial settings to improve indoor air quality by removing smoke, odors, and airborne particles. Hotels and restaurants, for instance, utilize air purifiers equipped with activated carbon and HEPA filters to enhance air quality in dining and lodging areas, thereby enhancing overall indoor environmental conditions.

Based on Type, the Standalone/ Portable segment leads the Global air purifiers Market

In terms of type, the standalone/portable segment emerged as the leading category in the global air purifier market in 2023. Standalone or portable air purifiers are designed to filter air by removing airborne particles such as bacteria, viruses, and dust particles. These units are independent and can be easily placed in different rooms or moved around as needed. They are increasingly favored in various commercial settings including offices, restaurants, and hospitals due to their versatility and effectiveness.
In-duct/fixed air purifiers constitute another significant segment, typically installed within HVAC ducts or mounted on walls. Also known as in-line air purifiers, these units integrate into the ductwork of residential or commercial HVAC systems. They enhance the air quality within the entire building by neutralizing pollutants like dust, dander, pollen, and germs that could otherwise compromise HVAC system efficiency. In-duct air purifiers often feature technologies such as UV lamps and air ionization systems to further enhance air purification capabilities, making them integral components in maintaining indoor air quality standards.

Based on Region Analysis, the Asia Pacific will have the largest revenue share in the Global Air Purifiers Market

Asia Pacific emerged as a leader in the global air purifier market, accounting for 38.9% of the total revenue share in 2023. This dominance can be attributed to factors such as a large population with increasing disposable income, rapid urbanization, and industrialization across the region.

Competitive Analysis

Due to the presence of multiple domestic and foreign participants in the market, the air purifier sector is quite diversified worldwide. The primary focus of major market participants is on the creation and improvement of new products. Following this, they make significant investments in research and development (R&D), which has resulted in the creation of several innovative goods. One notable advancement in air purifier technology is the use of artificial intelligence (AI) and the Internet of Things (IoT) to create smarter, more sophisticated products.

Market Segmentation:

By Technology

• Activated Carbon
• High-Efficiency Particulate Air (HEPA)
• Ionic Filters
• Others

By Application

• Commercial
• Residential
• Industrial

By Type

• Standalone/Portable
• In-duct/Fixed

By Region

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

North America

• United States
• Mexico
• Canada

Europe

• Germany
• United Kingdom
• France
• Rest of Europe

Rest of the world

• Middle East
• Africa
• Latin America

Major Players Leading in the Global Air Purifiers Market:

• Honeywell International, Inc.
• IQAir
• Koninklijke Philips N.V
• Unilever PLC
• Sharp Electronics Corporation
• Samsung Electronics Co., Ltd.
• LG Electronics
• Panasonic Corporation
• Whirlpool Corporation
• Dyson
• Carrier