Air Purifier Market overview
The Air purifier market is witnessing rapid revenue growth. Increasing sale of portable air purifiers is a major driving force behind the market growth. Besides, the rising use of portable air purifiers in residential and commercial setups pushes the market value.
As of the latest available data in 2022, the Air Purifier Market Size was estimated to be valued at USD 6.3 billion. However, according to projections, the industry is expected to experience substantial growth in the coming years. It is projected to reach USD 7.0 billion in 2023 and further expand to USD 13.4 billion by the year 2030. This growth trajectory signifies a remarkable compound annual growth rate (CAGR) of 11.4% during the forecast period from 2023 to 2030.
COVID-19 Pandemic:
The COVID-19 pandemic further boosted the demand for air purifiers as people became more concerned about virus transmission indoors. Many sought air purifiers as a precautionary measure to reduce the potential spread of airborne viruses.
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Market Players
• Sharp Corporation (Japan)
• Dyson (Singapore)
• Panasonic Corporation (Japan)
• Honeywell International Inc (US)
• Unilever (UK)
• Midea Group (China)
• Xiaomi Inc (China)
• COWAY CO. LTD (South Korea)
• Koninklijke Philips N.V. (the Netherlands)
• Blueair (Sweden)
• Daikin Industries Ltd (Japan)
• LakeAir (US)
• Samsung (South Korea)
• IQAir (Switzerland)
• Broad Group (China)
• AB Electrolux (Sweden)
• Whirlpool Corporation (US)
• YADU Int’l Technology (Beijing) Co. Ltd (China)
• BONECO AG (Switzerland)
• Austin Air (US)
• Airgle Corporation (US)
• Rabbit Air (US)
• Airdogusa (US)
• Levoit (US), among others
Increasing Awareness of Indoor Air Quality:
With growing awareness of the harmful effects of indoor air pollution on health, consumers have become more conscious of the air they breathe. Air purifiers are seen as an effective solution to combat pollutants like dust, pollen, pet dander, smoke, and volatile organic compounds (VOCs).
Urbanization and Industrialization:
Rapid urbanization and industrial activities have led to increased outdoor air pollution, which can also impact indoor air quality. As a result, consumers in urban areas have shown a greater interest in air purifiers to create a cleaner indoor environment.
Technological Advancements:
Advances in air purification technology have resulted in more efficient and sophisticated air purifier models. HEPA (High-Efficiency Particulate Air) filters, activated carbon filters, UV-C light, and ionizers are some of the technologies commonly integrated into modern air purifiers.
Air Purifier Market – Segments
Air Purifier Product Outlook (USD Million, 2018-2030)
- HEPA Purifiers
- UV Air Purifiers
- Activated Carbon Air Purifiers
- Ion & Ozone Generator Air Purifiers
- Others
Air Purifier Sales Channel Outlook (USD Million, 2018-2030)
- Offline
- Online
Air Purifier Regional Outlook
- North America
- Europe
- Asia-Pacific
- Rest of the World
Industry/ Innovation/ Related News
• December 2020 Development:
In December 2020, Zeco Aircon made a significant announcement regarding their air purification technology. The company introduced an innovative air purification system capable of destroying harmful viruses, including COVID-19 and SARS-CoV-2.
• June 2021 Development:
In June 2021, Panasonic Corporation made advancements in its air purification technology with the announcement of a new nanoe X device. This latest device was capable of generating 100 times more Hydroxyl (OH) radicals compared to their traditional nanoe device.
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