Air Purification Market is Booming with Strong Growth Prospects 2023 | Industry Analysis By Innovations, New Technology, Growth Estimate, Business Development and Forecast Till 2028

Report Overview:

A device called an air purifier or air cleaner eliminates impurities from the air in a space to enhance indoor air quality.

The global Air Purification Market was estimated at USD 12.26 billion in 2021. The market is anticipated to expand to USD 21.1 billion in 2028, recording a CAGR of 8.06% in the forecast period. Dust, volatile organic compounds, hazardous gasses, foul odors, and oil mist removal are the main uses for air purifiers. The government's strict rules and regulations for reducing air pollution are what are fueling the market's expansion for air purifiers.

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Rising population health consciousness and rising pollution levels, particularly in urban areas, are driving the market. .Additionally, it is anticipated that rising disposable income and the threat of airborne infections will increase sales during the projection period. Sales of air purifiers have risen globally as a result of growing public awareness of healthy living. Due to the lockdown measures taken by the governments of several countries in preparation for the COVID-19 pandemic's arrival in 2020, sales of household products like air purifiers, cleaning supplies, kitchen appliances, and water filtration systems have surged.

DRIVING FACTORS:
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.

Competitive Analysis:
Prominent Companies to Establish Various Corporate Strategies to Aid in Global Expansion. These players are focusing on strategic collaborations and partnerships to expand their market presence and strengthen their product portfolio.

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
• Dyson
• Carrier

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Segmentation:
On the basis of Filtration Technology, the market is categorized into High-Efficiency Particulate Air (HEPA), Electrostatic Precipitator, and Ultraviolet. HEPA segment is expected to dominate the global market share of air purification. Pollen, dust, smoke, and bio-contaminants are all effectively captured by HEPA filters, which are quite effective at doing so. HEPA filters' superior performance and dependability in removing airborne particles will probably help them gain traction on the world market.

By Filtration Technology
• High-Efficiency Particulate Air (HEPA)
• Electrostatic Precipitator
• Ultraviolent
By Type
• Portable Air Purifiers
• In-Duct Air Purifiers
By End-User
• Residential
• Commercial
• Industrial

Recent Key Developments:

● In 2021, Panasonic Corporation created a cutting-edge gadget that produces 100 times as many hydroxyl (OH) radicals as the standard Nanoe gadget. The upgraded Nanoe X offers improved air purifier efficacy.

● In 2021, Dyson established its fourth Dyson Demo location in France. The new area will include the newest air purification, home cleaning, and lighting innovations from Dyson.

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Regional Data Analysis:

Increased Research Developments in Asia Pacific to Propel Air Purification Market
Due to the developing economies of China, India, Indonesia, and Singapore, the Asia-Pacific region is expected to dominate the air purification market over the forecast period. The region's adoption of the product is being accelerated by the rising investment in R&D activities. Growing public awareness of illnesses and health risks brought on by exposure to dangerous particles at work or home is projected to have a favorable effect on the region's market expansion.

TABLE OF CONTENTS:
Chapter 1: Air Purification Market Overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production Capacity by Region
Chapter 4: Air Purification Consumption by Region
Chapter 5: Segment by Type
Chapter 6: Segment by Application
Chapter 7: Key Companies Profiled
Chapter 8: Air Purification Manufacturing Cost Analysis
Chapter 9: Marketing Channel, Distributors and Customers
Chapter 10: Market Dyanamics
Chapter 11: Production and Supply Forecast
Chapter 12: Consumption and Demand Forecast
Chapter 13: Forecast by Type and by Application (2023-2028)
Chapter 14: Research Finding and Conclusion
Chapter 15: Methodology and Data Source

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