Global Air Purification Market Size, Share, and Covid-19 Impact Analysis, by Filtration Technology (High-Efficiency Particulate Air (HEPA), Electrostatic Precipitator, and Ultraviolent), by Type (Portable Air Purifiers, and In-Duct Air Purifiers), by End-User (Residential, Commercial, And Industrial), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Analysis and Forecast 2022 - 2028
KEY MARKET INSIGHTS
The global Air Purification Market was valued at USD 12.26 billion in 2021. The market is projected to grow USD 21.1 billion in 2028 at a CAGR of 8.06%.
Air purifiers are primarily utilized for the removal of dust, volatile organic matter, toxic fumes harmful odors, and oil mist. Stringent government rules and regulations for controlling air pollution are driving the growth in air purification market.
Increasing health consciousness among individuals, and rising pollution levels in urban areas are rapidly boosting the adoption of air purifiers. Moreover, increasing disposable income and the increasing threat of airborne diseases are expected to boost sales during the forecast period.
The COVID-19 outbreak has severely affected the economy but the air purification market saw increased sales due to need to curb cross contamination.
The benefits of air purifiers such as eliminating harmful chemicals from indoor environments, neutralizing unpleasant odors, and reducing the spread of airborne diseases are expected to propel demand.
Changing lifestyle preferences, rising concerns about health, and increasing awareness among individuals about the benefits associated with air purifiers will create opportunities in the years to come. Also, growth in the per capita income and emerging economies in the Asia-Pacific region present lucrative investment opportunities.
Rapid Industrialization and urbanization across the globe have increased the emission of toxic gases, volatile chemicals, biological components, and fine particulate matter (PM), thereby raising air pollution levels. Also, rising awareness about the benefits of air purifiers is aiding market growth.
The growing demand for green buildings and environmental organizations that are highly focused on constructing green buildings is also bolstering the air purification market sales across the globe.
The initial investment in adoption and maintenance of air purifiers is moderately high. Therefore, the setup cost of products is not accessible for the average income households, which is restricting rapid growth.
The Air Purification Market is segmented by Filtration Technology, Type, End-User, and Region. Based on Filtration Technology, the market is categorized into High-Efficiency Particulate Air (HEPA), Electrostatic Precipitator, and Ultraviolent. Based on Type, the market is categorized into Portable Air Purifiers, and In-Duct Air Purifiers. Based on End-User, the market is categorized into Residential, Commercial, And Industrial. Based on region, the market is categorized into North America, Europe, the Asia-Pacific, Latin America, the Middle East and Africa.
Asia-Pacific is projected to dominate the air purification market during the forecast period, due to emerging economies such as China, India, Indonesia, and Singapore. The increasing investment in research and development activities is propelling the adoption of the product, across the region.
For instance, In December 2021, Koninklijke Philips N.V. has introduced a new 3-in-1 multifunctional air purifier in India, that comes with several functionality modes like purifcation, fan, and heating. The product claims to remove 99.95% of airborne particles and is equipped with a HEPA filtration system.
North America is the largest market for air purifiers, due to increasing disposable income and rising awareness about the benefits of air purifiers in the region. High levels of industrialization and urbanization are projected to drive the sales of air purifiers.
LIST OF KEY COMPANIES PROFILED:
- Honeywell International, Inc.
- IQAir, Koninklijke Philips N.V.
- Unilever PLC
- Sharp Electronics Corporation
- Samsung Electronics Co., Ltd.
- LG Electronics
- Panasonic Corporation
- Whirlpool Corporation
KEY INDUSTRY DEVELOPMENTS:
In 2021- Panasonic Corporation. has developed an advanced Nanoe X device that generates 100 times more Hydroxyl (OH) radicals than the traditional Nanoe device. The advanced Nanoe X has increased effectiveness in air purifiers.
In 2021- Dyson opened its fourth Dyson Demo store in France. The new space will showcase Dyson’s latest technology in air purification, home cleaning, and lighting,
By Filtration Technology
- High-Efficiency Particulate Air (HEPA)
- Electrostatic Precipitator
- Portable Air Purifiers
- In-Duct Air Purifiers
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy, Spain, Rest of Europe
- Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
- South America- Brazil, Argentina, Colombia, Rest of South America
- The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
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