Air Purifier Market Size, Share Analysis and Forecast To 2030
The growing incidence of motorization and industrialization globally, coupled with increasing concern of air pollution, is driving the demand for the market.
Market Size – USD 8.16 billion in 2019,
Market Growth - CAGR of 12.9%, Market Trends – High demand for the air
purifiers that can remove or kill airborne or other contagious diseases.
The Air Purifier market is projected to reach USD
21.69 billion by 2030, according to a new report by Reports and Data. The
sector expects to be powered by an increased prevalence of infectious
pathogens, as well as increasing pollution levels in urban areas. Many of the
variables projected to drive change are also improved working standards,
increased disposable earnings, and enhanced health literacy. The rising need
for air pollution control equipment to be introduced anticipates rising demand
for air purifiers, especially in emerging regions. Growing understanding of
health expects to make a significant contribution to growth, particularly among
urban youth.
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Strict environmental conservation
regulations, increasing globalization, and awareness of emissions management
expect to have a positive effect on U.S. market development over the forecast
period. The U.S. industry predicted to lead the commodity segment of
High-Efficiency Particulate Matter (HEPA) over the projected period, as it is
the most effective method for collecting harmful airborne particles.
Asia-Pacific anticipated it would become
the fastest-growing national segment over the forecast period. Owing to many
factors, including rapid urbanization and increasing industrialization, the
region expects to dominate the market together with a growing disposable income
population.
COVID-19
Impact:
The
coronavirus outbreak has created a major fright and concern pertaining to the
contagious diseases. As a preventive preparation, more and more common
individuals and commercial sectors are incorporating technologies that can
potentially mitigate the spread of the virus outbreak or execute entirely. Many
consumer electronics & appliances corporations are heavily investing in
their R&D and looking into ways to find electronics products that can kill
the harmful bacteria and viruses in the airflow designed for both the household
and commercial purposes. Many companies have already come up with product
line-ups that are claimed to kill or remove the COVID-19.
However, due to the lockdown situation, the
manufacturing industries are being drastically affected, which is expected to
meet its peak during the Q3 of this fiscal year upon resuming the production
facility and distribution chains.
Further key findings from the report
suggest
- The
market, in terms of the end-use
industry, divides into commercial, residential, industrial, and
medical sectors. Significant demand projected to come from the mainly
HVAC-led market segment.
- Air
purifier from the company Blue air, can prevent some airborne diseases by
trapping and removing the flu viruses from the air. On account of the
COVID-19 pandemic air purifiers that can palliate severe airborne contagions
are expected to meet a substantial demand from the consumers, and many
more product-based or consumer electronics companies would start investing
in the R&D to invent newer technological breakthroughs.
- The
industry expects to be driven by an increased prevalence of airborne
diseases, as well as rising rates of hazardous emissions from rapid
urbanization. Increased disposable income and increased knowledge of
health are also some of the listed factors which expect to drive market
growth. The rising need for air pollution control equipment to be
introduced anticipates pressing demand for air purifiers, especially in
developing regions. The ever-growing concern for health expects to make a
significant contribution to the growth of this market.
- In
recent years, all of the major market players have invested heavily in
R&D initiatives, leading to the invention of several innovative
products. Major players aim to enhance their product portfolio by
strategic mergers and acquisitions of small and medium-scale companies. In
the coming years, therefore, an intense rivalry among players is expected.
- In
March 2019, Sharp introduced a new air purifier cum humidifier in India.
Sharp KC-G40 M., The main point of sale of this device, is the integrated
humidifying system, which maintains a comfortable level of humidity
through natural technology for evaporation during the summer. It also
helps in maintaining the level of body hydration. The goal of the company
was to expand its Indian base and to supply its goods to the vast
population base.
- In
September 2018, the parent company of Austro-American filter maker dexwet
International AG, Dexwet Holdings Company, announces the acquisition of
the German air purification equipment manufacturer Aludo. The takeover of
Aludo marks the entry into the development of new high-quality
air-purification equipment.
- Key participants include
Honeywell International Inc., IQAir, Atalanta Health Care, Blue Air AB,
Eureka Forbes, Daikin Industries Ltd, Koninklijke Philips NV, and Panasonic
Corporation., among others.
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Reports and Data segmented the global air
purifier industry report based on technology, type, CADR Values, and
applications for this study:
Technology Outlook (Revenue, USD Billion;
2019-2030)
- High-Efficiency
Particulate Air (HEPA)
- Activated
Carbon
- Thermodynamic
Sterilization System (TSS)
- Ionic
Filters
- Ultraviolet
Germicidal Irradiation
- Others
Type Outlook (Revenue, USD Billion; 2019-2030)
- Dust
& Pollen Purifier
- Smoke
& Fume Purifier
CADR Values Outlook (Revenue, USD Billion;
2019-2030)
- Low
(Up to 250 cfm)
- Medium
(251 to 500 cfm)
- High
(Above 500 cfm)
Application Outlook (Revenue, USD Billion;
2017-2030)
- Commercial
- Residential
- Industrial
- Others
Regional Outlook (Volume, Kilo Tons;
Revenue, USD Billion; 2022-2028)
- North
America
- Europe
- Asia
Pacific
- MEA
- Latin
America
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