Air Purifiers Global Market Report 2024

An air purifier is a device designed to cleanse the air by removing airborne toxins and particulate matter. The purpose of using air purifiers is to minimize health risks associated with breathing air contaminated by pollutants such as pollen grains, harmful gases, and emissions.

The primary types of air purifiers include dust collectors, fume and smoke collectors, and other variations intended for use in both residential and commercial areas. Dust collectors and air purifiers function by providing clean air and filtering the air using specialized filters. The technologies employed in air purifiers encompass HEPA filters, activated carbon, and various other filtration methods aimed at improving air quality.

The air purifiers market research report is one of a series of new reports from The Business Research Company that provides air purifiers market statistics, including air purifiers industry global market size, regional shares, competitors with an air purifiers market share, detailed air purifiers market segments, market trends and opportunities, and any further data you may need to thrive in the air purifiers industry. This air purifiers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The air purifiers market size has grown rapidly in recent years. It will grow from $2.02 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth observed in the historical period can be attributed to several key factors, including a rise in air pollution levels, increased awareness about health issues, technological advances in air purification, a higher prevalence of respiratory diseases, an increased geriatric population, and economic growth in emerging markets. These factors collectively contributed to the increased demand for air purifiers and related technologies during the historical period.

The air purifiers market size is expected to see rapid growth in the next few years. It will grow to $3.94 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. Anticipated growth is driven by increased allergies, rising health consciousness, changing climate conditions, growing prevalence of obstructive sleep apnea, the impact of the COVID-19 pandemic, and ongoing urbanization. Key trends include the development of smart air purifiers and a focus on energy-efficient, multi-functional, portable, and wearable options.

The escalating concern surrounding airborne diseases is a significant catalyst driving the burgeoning air purifier market. The rise in health complications such as asthma, allergies, and respiratory ailments due to airborne contaminants urges consumers to invest in air purifiers for both commercial and residential settings. For instance, an American Lung Association report highlighted that in 2021, 4 out of every 10 individuals in the US were exposed to polluted air, and the 22nd annual State of the Air report indicated a 61% higher likelihood for people of color to reside in areas with unhealthy air compared to their white counterparts. Additionally, Singapore's Department of Statistics reported 246 cases of airborne diseases across the country. Consequently, the increasing prevalence of airborne diseases significantly contributes to the escalating demand within the air purifier market.

The burgeoning expansion of residential construction endeavors is poised to serve as a driving force behind the burgeoning air purifier market. Residential construction projects encompass the planning, design, and execution involved in erecting new residential structures, catering to various housing needs, including houses, apartment complexes, and townhomes. The integration of air purification systems or devices into newly constructed or renovated residential properties significantly enhances indoor air quality by eliminating contaminants, allergens, odors, and pollutants from the indoor environment. Notably, according to the U.S. Census Bureau's data, privately-owned residential housing completions surged to 1,406,000 housing units in August 2023, marking a 3.7% increase from 1,355,000 units in August 2022. This burgeoning trend in residential construction projects is anticipated to be a primary driver propelling the growth trajectory of the air purifier market.

The utilization of smart air purifiers integrated with smartphone-enabled applications has emerged as a prominent trend within the market. These innovative devices allow real-time monitoring and management of air quality through dedicated smartphone applications, offering users live data readings on air quality parameters. For example, IKEA introduced the STARKVIND smart air purifier in August 2021. This indoor air purifier, equipped with an air quality sensor, can be controlled and scheduled via the IKEA Home smart app. Offering five fan speeds and an auto-mode feature, it dynamically adjusts fan speed based on the enclosed space's air quality.

Leading companies operating in the air purifier market are delving into plant-based air purification technologies, exemplified by products such as Ubreathe Life, to enhance their competitive edge and broaden their product offerings. Ubreathe Life represents a living-plant-based air purification system utilizing a 'Smart Bio-Filter' to naturally enhance indoor air quality by leveraging interactions between plant leaves and soil-root zones. Urban Air Laboratory introduced this groundbreaking technology in September 2021, showcasing its capacity to significantly improve indoor air quality across diverse settings, including healthcare facilities, educational institutions, offices, and residential spaces. The innovative system integrates natural leafy plants to effectively filter pollutants, allowing room air to interact with the plant leaves and pass through the soil-root zone, thereby efficiently eliminating airborne pollutants.

In November 2021, iRobot Corp., a United States-based consumer robot company, successfully acquired Aeris Cleantec AG for an undisclosed amount. This strategic acquisition is expected to empower iRobot in developing more innovative robotics and intelligent home solutions. Aeris Cleantec AG, based in Switzerland, is recognized as a premium air purifier manufacturer, and its integration into iRobot's portfolio is anticipated to enhance the company's offerings in the realm of home solutions and robotics.

Major companies operating in the air purifiers market report are LG Electronics Inc., Coway Co. Ltd., Daikin Industries Ltd., Dyson Ltd., Whirlpool Corporation, Xiaomi Corporation, Resideo Technologies Inc., Koninklijke Philips N.V., Panasonic Corporation, Samsung Electronics Co. Ltd., Sunbeam Products Inc., YADU, Midea, Beiangtech, IQ Air, Honeywell International, Camfil, Sharp, Blue Air (Unilever), Teqoya, Dexwet True Filter Solutions, Tion, Americair Corporation, Wynd Technologies, Samsung Electronics America, Haier Group, Electrolux, GE Healthcare, Viking Range, Nordic Air Filtration, ResMed Inc., Phillips, Elaraby Group.

North America was the largest region in the air purifiers market in 2023. Asia-Pacific was the second-largest region in the global air purifiers market share. The regions covered in the air purifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the air purifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

The air purifiers market consists of sales of high-efficiency particulate air (HEPA) filter air purifiers, activated carbon air purifiers, and other air purifiers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Air Purifiers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on air purifiers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for air purifiers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The air purifiers market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Dust Collectors; Fume & Smoke Collectors; Other Types
• 2) By Technology: HEPA Filter; Activated Carbon; Other Technologies
• 3) By End-User: Residential; Commercial
• Companies Mentioned: LG Electronics Inc.; Coway Co. Ltd.; Daikin Industries Ltd.; Dyson Ltd.; Whirlpool Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.