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Air Purifier Market (By Product Type (Stand-alone Water Purifiers and In-duct Water Purifiers), By End-use (Residential, Commercial, and Industrial), By Technology (HEPA, Electrostatic Precipitators, and Ionizers & Ozone Generators)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2020 - 2027

The market for air purifiers is poised to witness strong growth worldwide during the forecast period of 2020–2027. Due to an increase in the occurrences of airborne diseases, air purifiers are quickly gaining acceptance among consumers across various end-use segments. The combination of factors, including the rising level of air pollution due to the ever-growing population, the rise in the number of on-road vehicles, and rapid industrialization, has deteriorated the air quality and increased the incidences of airborne diseases like asthma, anthrax, lung cancer, etc. This, coupled with rising awareness regarding health hazards pertaining to untreated indoor air, bodes well for market growth. In addition, recovery in the global real estate industry following the bleak economic conditions prevalent during the economic recession is expected to augment the number of residential units, thereby driving fresh installations of air purifiers. In addition, increasing demand for HEPA-based purifiers and the emergence of several energy-efficient variants are further supporting market demand. The trend is expected to continue throughout the forecast period. All these aforementioned factors are expected to contribute to a compounded annual growth rate (CAGR) of XX% during the forecast period of 2020–2027.

The report also includes competitive profiling of the leading air purifier manufacturers, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers. Some of the major players profiled in the report include Daikin Industries, Ltd., Sharp Corporation, Honeywell International, Inc., LG Electronics Inc., Camfil AB, Whirlpool Corporation, AllerAir Industries, Inc., Blueair AB, Panasonic Corporation, Jarden Consumer Solutions (Europe) Limited, Koninklijke Philips N.V., 3M, EcoQuest International, IQAir, Rabbit Air, and WINIX Inc., among others. Apart from the company profiles, the report includes a section covering the competitive landscape, wherein the market positioning of the companies is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.

The global air purifier market is classified into the following categories:

By Type

  • Stand-alone air purifiers
  • In-duct air purifiers

end-use application

  • Residential
  • Commercial
  • Industrial

By Technology

  • HEPA
  • Electrostatic Precipitators
  • Ionizers and Ozone Generators

By Region

  • North America
  • The United States
  • rest of North America

Europe

  • The United Kingdom
  • Germany
  • France

Rest of Europe

  • Asia-Pacific (APAC)
  • India
  • China
  • Japan

Rest of APAC

  • Rest of the World
  • Latin America
  • Middle East and Africa

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the global air purifier industry
  • Comparative analysis of different segments for the years 2019 and 2027
  • Market fuelers, market impediments, and their impact on market growth
  • In-depth competitive environment analysis, including the positioning of market players and their business strategy analysis
  • Trailing 2-year market size data (2018–2019)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global air purifier market, offering market size and estimates for the period from 2020 to 2027, keeping in mind the above-mentioned factors.

On the basis of end-use, the air purifier market is categorized into the following segments:

  • Residential
  • Commercial
  • Industrial

In the base year of 2019, the non-residential segment, comprising air purifier installations across industrial and commercial segments, accounted for the majority of revenue share in the global air purifier market. The economic development resulting in the growth of commercial space, including restaurants, hotels, commercial complexes, healthcare facilities, business buildings, and schools, among others, coupled with the need for healthy indoor air quality, is expected to drive new air purifier installations at commercial establishments. At industrial facilities, the air contains a mix of particulate contaminants, harmful VOCs, and toxic gases. Thus, in view of workplace safety, larger air purifier units are affixed to air handler units or HVAC units at industrial facilities. On the other hand, the residential end-use segment is expected to witness maximum growth over the forecast period of 2020–2027. The ever-rising population and consequent increase in the number of residential units, improving discretionary income of consumers, and growing incidences of respiratory diseases are collectively driving demand for air purifiers in the residential segment.

On the basis of geography, the global air purifier market is segmented into the following regions and countries:

  • North America
    • U.S.
    • rest of North America
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

As of 2019, North America, comprising the U.S., Canada, and Caribbean Islands, represented the largest air purifier market worldwide in terms of revenue. The United States represents the largest air purifier market in North America and worldwide. The country accounted for over 85% of the North American market revenue in the base year of 2019. The combination of factors, including stringent government regulations concerned with CADR (Clean Air Delivery Rate), awareness regarding healthy indoor air quality, and demand for energy-efficient variants from consumers, is driving demand for air purifiers in the U.S. The demand for air purifiers in developed economies like North America and Europe is expected to remain fairly steady during the forecast period of 2020–2027. On the other hand, Asia-Pacific is presumed to register maximum growth in the coming years, primarily on account of rising pollution levels due to a growing population and industrialization in the region.

Frequently Asked Questions:

The market for Air Purifier is expected to reach US$ XX Mn in 2027.

The Air Purifier market is expected to see significant CAGR growth over the coming years,at 11%.

The report is forecasted from 2020-2027.

The base year of this report is 2019.

Daikin Industries, Ltd.,Sharp Corporation,Honeywell International, Inc.,LG Electronics Inc.,Camfil AB are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Mar 2021
Category:  Consumer Goods
Report ID:   58761
Report Format:   PDF
Pages:   120
Rating:    4.8 (70)
Delivery Time: 24 Hours to 48 Hours   
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