Air Purifiers Market 2021 Analysis by Global Manufacturers – Honeywell International Inc., Whirlpool Corp, Sharp Corporation

The Global Air Purifiers Market Report provides a study with an in-depth overview, describing the product/industry Scope and elaborating market outlook and status (2021-2030). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Air Purifiers market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The global air purifiers market is expected grow from $1.42 billion in 2020 to $1.53 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.09 billion in 2025 at a CAGR of 8%.

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Top Companies in the Global Air Purifiers Market: Honeywell International Inc.; Whirlpool Corp; Sharp Corporation; Daikin Industries Ltd; LG Electronics Inc.; Dyson Ltd; Panasonic; Xiaomi Corporation; Blue Air; Coway; Samsung Electronics Co. Ltd; Koninklijke Philips; Sunbeam Products Inc.; Americair Corp

Recent Updates:

For instance, in January 2019, Pathpartner, an India-based technology company, developed an IoT-enabled smart air purifier that gives information about air quality and provides a report on the humidity content of the air. Through this technology, the temperature of the room and freshening up the room can be controlled remotely.

In November 2018, General Filters, Inc., a USA-based manufacturer of air quality products, acquired Second Wind Air Purifier for an undisclosed amount. Acquisition of Second Wind Air Purifier was aimed to strengthen the former in the business of manufacturing ultraviolet air purification equipment. Second Wind Air Purifier, a USA-based manufacturer of air purifiers, specializes in ultraviolet air purification equipment for residential and commercial applications.

Market Overview:

The air purifiers market consists of sales of air purifiers and related services for purification of airborne toxins and particulate matter. The usage of air purifiers is to minimize the health risks associated with breathing air contaminated with pollen grains, harmful gases, and emissions.

Rising concern for airborne diseases is driving the air purifiers market. An increase in health issues such as asthma, allergies, and other breathing disorders due to airborne diseases encourages consumers to invest in air purifiers at commercial and residential locations. For instance, as per the estimates of the World Health Organization (WHO), 90% of people across the globe breathe air containing high levels of pollutants. According to the Centers for Disease Control and Prevention, 19.2 million adults in the USA aged 18 and above had asthma. As per the department of statistics in Singapore, there were 246 cases of airborne diseases reported across Singapore. Therefore, the increasing prevalence of airborne diseases contributes to the growth of the air purifier market.

The high installation and maintenance costs of air purifiers are hindering the market growth. Individuals in urban cities in developing nations consider air purifiers as a luxury. Regular maintenance cost for air purifier also adds as an additional expense, which is for filter changes and cleaning of media filter because of continuous use. For instance, a home air purifier will cost up to $1,000 and the installation of an air purifier will be added extra over it. The customers cannot gauge the benefit of using air purifiers against any parameters and this leaves them clueless in understanding the actual benefit of the purifier against the money invested. Therefore, high installation and maintenance costs coupled with customers' lack of understanding about the appliance have a negative impact on the growth of the air purifiers market.

Segmentation:

Markets Covered: 1) By Technology: HEPA Filter; Activated Carbon; Others 2) By Type: Dust Collectors; Fume & Smoke Collectors; Others 3) By End-User: Residential; Commercial

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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