Global Air Purification Market Size By Filtration Technology (High-Efficiency Particulate Air (HEPA), Electrostatic Precipitator, Ultraviolet), Type (Portable Air Purifiers, In-Duct Air Purifiers), End-User (Residential, Commercial, Industrial), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030
Market Perspective
Global Air Purification Market was worth around USD 16.12 billion in 2022 and is anticipated to be valued at nearly USD 29.32 billion by 2030, progressing at a CAGR of about 7.76% between 2023 and 2030.
The global air purification market has seen remarkable growth in recent years. Air purifiers play a vital role in eliminating dust, volatile organic matter, toxic fumes, harmful odors, and oil mist, making them indispensable in the fight against air pollution. Stringent government regulations addressing air quality have boosted the global demand for air purifiers. Moreover, the growing awareness of health issues and the escalating pollution levels in cities have accelerated the adoption of air purifiers worldwide. As individuals become increasingly conscious of their well-being, the need for cleaner indoor air is rising. Subsequently, air purifiers are emerging as a key solution for ensuring healthier living environments, thereby driving market growth.
Key Insights
- Based on filtration technology, the high-efficiency particulate air (HEPA) segment held the dominating position with the highest market value in 2022
- Based on type, the portable air purifiers segment is expected to hold the largest market share by the end of the forecast period
- Based on end-user, the commercial segment dominated the market in 2022
- On the basis of region, North America accounted for the largest market share in 2022
Rapid Industrialization and Urbanization to Augment Air Purification Market Revenue
Rapid industrialization and urbanization worldwide have led to a surge in the emission of toxic gases, volatile chemicals, biological components, and fine particulate matter (PM), resulting in elevated air pollution levels. As a result, the demand for air purifiers has seen significant growth. Increasing awareness about the various benefits of air purifiers, including improved indoor air quality and health benefits, is further contributing to the market growth.
The rising demand for green buildings and the active involvement of environmental organizations in constructing environmentally-friendly structures are also fueling air purification market expansion. These green initiatives emphasize the importance of cleaner indoor air and contribute to the increasing adoption of air purifiers globally, fostering a healthier living and working environment.
High Adoption and Maintenance Costs Limit Air Purifier Market Growth
Air purifiers are sophisticated devices equipped with advanced filtration technologies to ensure optimal performance. While these cutting-edge features contribute to their efficiency, they also contribute to the higher upfront costs. The high setup cost of these products has made them unaffordable for average-income households, which is restricting access to the product and hindering market growth.
Additionally, ongoing maintenance requirements, such as filter replacements and regular servicing, add to the overall cost of ownership. The affordability gap affects a substantial segment of potential customers who seek to enhance indoor air quality but are constrained by budgetary limitations. As a result, the adoption rate of air purifiers may be slower among residential consumers, especially in regions with lower average income levels.
Recent Developments
January 2023: AeroClean Technologies and Molekule successfully completed a merger. The merger brought together two leading companies in the air purification industry and was purposed to enhance their product offerings and market presence. This strategic move is expected to fuel innovation and growth, as they pool resources and expertise to address the increasing demand for cleaner indoor air and create a stronger foothold in the market.
November 2021: iRobot, a prominent robotics company, acquired Aeris CleanTec AG, a specialized air purification company. This acquisition marked iRobot's entry into the air purification market and strengthened its position in the smart home technology sector. With Aeris CleanTec's expertise in air purification solutions, iRobot aims to offer innovative products that integrate robotics and air purification technologies. This strategic move is expected to expand iRobot's product portfolio, enhancing its ability to cater to the growing demand for smart and sustainable home solutions.
Segmentation Analysis
Based on filtration technology, the market is segmented into high-efficiency particulate air (HEPA), electrostatic precipitator, and ultraviolet. The high-efficiency particulate air (HEPA) segment held the largest revenue share in 2022 due to its exceptional ability to effectively remove up to 99.97% of airborne particles, including dust, allergens, and pollutants. HEPA filters are widely recognized for their superior performance in providing cleaner indoor air, making them the preferred choice among consumers. With growing concerns about indoor air quality and the increasing adoption of air purifiers, the HEPA segment stood out as the most efficient filtration technology in the market.
Based on type, the market is bifurcated into portable air purifiers and in-duct air purifiers. The portable air purifiers segment is growing at the fastest pace in the market, exhibiting the highest CAGR over the review period, and is projected to generate the highest revenue by 2030. This growth can be attributed to the convenience and flexibility offered by portable air purifiers, allowing users to move them easily between different indoor spaces. As people increasingly prioritize health and air quality, the demand for compact and efficient air purifiers for personal use is surging, supporting the expansion of the portable air purifiers segment.
North America Emerges as the Dominant Market for Air Purification Solutions
North America emerged as the dominant region in the global air purification market. The robust economic growth of the region and higher disposable income levels enabled greater affordability and adoption of air purifiers among households and businesses. Strict environmental regulations and growing public awareness of indoor air quality issues compelled consumers and industries to invest in air purification solutions. Additionally, advancements in technology, and research & development in North America contributed to the availability of cutting-edge air purifiers, further bolstering its market share. These factors are solidifying North America's position as the leading market for air purification solutions.
Soaring Demand for Air Purifiers Fuels Asia-Pacific Market Growth
The Asia-Pacific air purification market is experiencing rapid growth. The significant population and urbanization in the region have led to increasing concerns about air pollution and indoor air quality, impelling the demand for air purifiers. Rising disposable incomes and a growing middle-class population have made air purifiers more affordable and accessible to a larger consumer base. The increasing awareness of health and wellness, coupled with the impact of recent health crises, has fueled the adoption of air purifiers for personal and commercial use. These factors, along with continuous technological advancements, have contributed to the rapid growth of the Asia-Pacific market.
Competitive Landscape
The global air purification market is fragmented with key players such as Honeywell International, Inc., Koninklijke Philips N.V., Unilever PLC, Sharp Electronics Corporation, Samsung Electronics Co., Ltd., LG Electronics, Panasonic Corporation, Whirlpool Corporation, Dyson, Carrier, amongst others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.
The global air purification market is segmented as follows:
By Filtration Technology
- High-Efficiency Particulate Air (HEPA)
- Electrostatic Precipitator
- Ultraviolet
By Type
- Portable Air Purifiers
- In-Duct Air Purifiers
By End-User
- Residential
- Commercial
- Industrial
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- GCC
- South Africa
- North America
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Global Air Purification Market Size By
- August-2023
- 148
- Global
- automotive
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