Residential Air Purifier Market Size 2021 Analysis, Growth Strategy, Developing Technologies, and Forecast by 2030

Global Residential Air Purifier Market Size in 2021 was USD 3,260 Million, Market Value set to reach USD 6,648 Million at 8.4% CAGR by 2030

Residential Air Purifier Market Overview

The global residential air purifier market is poised for substantial growth in the coming years, driven by the high prevalence of respiratory diseases, rising air pollution levels, and growing awareness about indoor air quality. The market can be segmented by product type, technology, application, and geography, offering diverse and unique applications to cater to various needs.
The market offers two types of air purifiers - portable and whole-house - to address different space requirements. It also features a range of technologies, such as HEPA, activated carbon, UV-C, electrostatic precipitators, and ionizers, catering to different levels of air purification needs.

The residential air purifier market is further segmented by application, including the residential, commercial, and industrial sectors. While the residential sector holds the largest share of the market, the commercial and industrial sectors offer unique and specialized applications to address specific air quality concerns.

In terms of geography, the Asia Pacific region is expected to witness the fastest growth, driven by the high air pollution levels and rising health awareness among consumers.
Despite the high cost of air purifiers, the market is projected to grow significantly, driven by the high demand for clean indoor air. Major players such as Honeywell International Inc., LG Electronics, Philips, Panasonic Corporation, Samsung Electronics, and Sharp Corporation are actively working to meet the diverse needs of the market with innovative and advanced air purification technologies.

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Residential Air Purifier Market Research Report Highlights and Statistics

● The global Residential Air Purifier market size in 2021 stood at USD 3,260 Million and is set to reach USD 6,648 Million by 2030, growing at a CAGR of 8.4%
● The key drivers of the residential air purifier market include the increasing prevalence of respiratory diseases, rising air pollution levels, and growing awareness about indoor air quality.
● Key challenges facing the market include the high cost of air purifiers and the availability of alternative air purification technologies.
● Major players operating in the global residential air purifier market include Honeywell International Inc., LG Electronics, Philips, Panasonic Corporation, Samsung Electronics, and Sharp Corporation.

Trends in the Residential Air Purifier Market

● High demand for smart air purifiers: The integration of AI and IoT in air purifiers has made them smarter and more efficient, leading to increased demand for smart air purifiers in the residential market.
● Growing adoption of portable air purifiers: The portability and convenience of portable air purifiers have made them popular among consumers, leading to increased adoption of these devices.
● Emergence of wearable air purifiers: The use of wearable air purifiers, such as necklaces and bracelets, has gained popularity due to their portability and efficiency in providing clean air.
● Increase in demand for high-efficiency particulate air (HEPA) filters: HEPA filters are highly effective in capturing microscopic particles, and their demand has increased due to the rising concern over indoor air pollution.
● Preference for air purifiers with multiple filtration technologies: Consumers are opting for air purifiers that offer multiple filtration technologies, such as HEPA, activated carbon, and UV-C, for comprehensive air purification.
● Increased use of activated carbon filters: Activated carbon filters are highly effective in removing odors and volatile organic compounds (VOCs), leading to their increased use in air purifiers.
● Rising demand for silent air purifiers: Consumers are increasingly opting for air purifiers with noise levels below 50 decibels, leading to the rising demand for silent air purifiers in the residential market.

Residential Air Purifier Market Dynamics

● Increasing prevalence of respiratory diseases: The rising prevalence of respiratory diseases like asthma, allergies, and chronic obstructive pulmonary disease (COPD) is driving the demand for residential air purifiers.
● Rising levels of air pollution: The alarming levels of air pollution due to industrialization and urbanization have led to a rise in the adoption of residential air purifiers.
● Rapid urbanization: The growing urbanization and resulting increase in pollution levels have led to the need for residential air purifiers in cities and urban areas.
● Technological advancements in IoT and AI: The integration of IoT and AI technology in air purifiers is leading to the development of more efficient and smarter air purifiers, driving the demand for residential air purifiers.
● Rising consumer health consciousness: The rising consumer health consciousness is driving the demand for residential air purifiers as people seek to maintain a healthy living environment.
● Growing demand for energy-efficient solutions: The demand for energy-efficient air purifiers is growing as consumers seek to reduce their energy bills and environmental impact.
● Advances in air purification technology: The development of advanced air purification technologies, such as HEPA filters and UV-C lights, has made air purifiers more effective in removing airborne pollutants.

Growth Hampering Factors in the market for Residential Air Purifier

● High initial cost: One of the main reasons that can hamper the growth of the residential air purifier market is the high initial cost of air purifiers. Many consumers may not be willing to pay a premium for air purifiers, which can limit their adoption.
● Availability of alternative solutions: Some consumers may opt for alternative solutions such as opening windows, using fans, or installing air filters in HVAC systems, which can limit the demand for residential air purifiers.
● Maintenance and replacement costs: Air purifiers require regular maintenance and filter replacements, which can add to the overall cost of ownership and discourage some consumers from purchasing them.
● Limited effectiveness: Some consumers may not find air purifiers to be effective in addressing their specific air quality concerns, which can limit their adoption.
● Noise level: Air purifiers can produce noise while operating, which can be a deterrent for some consumers, especially for those who want a quiet environment.
● Energy consumption: Some air purifiers may consume significant amounts of energy, leading to higher electricity bills, which can be a concern for some consumers.
● Perceived health risks: There may be a perception among some consumers that air purifiers themselves pose health risks, which can hinder their adoption.

Residential Air Purifier Market Key Players

Some of the leading players in the market include Honeywell, LG Electronics, 3M, Whirlpool, Sharp Corporation, Daikin Industries, Panasonic Corporation, Coway, Blueair AB, IQAir, Austin Air Systems, Dyson Ltd, Camfil, Rabbit Air, Alen Corporation, Winix Inc., Airgle Corporation, Airpura Industries, Inc., Amway, and Vornado Air, LLC.

Market Segmentation

● By Type
○ In-Duct
○ Portable or Standalone
○ Web-based
○ Standalone

● By Technology
○ Ionic Filters
○ HEPA
○ Activated Carbon
○ Others

Residential Air Purifier Market Overview by Region

● The Asia-Pacific region's Residential Air Purifier Market share is the largest, driven by the increasing levels of air pollution in the region, especially in densely populated urban areas. The region has a large and growing middle class with high disposable income, which is driving the demand for premium air purifiers. Furthermore, the rise in awareness of the importance of indoor air quality and its impact on health is driving the growth of the market. The market is expected to experience strong growth in countries such as China, Japan, and India.
● North America's Residential Air Purifier market share is also huge and is growing at a rapid pace, driven by the high prevalence of allergies and asthma. The region is home to several leading manufacturers of air purifiers, such as Honeywell, Whirlpool, and 3M. Furthermore, the rise in the number of COVID-19 cases has led to a surge in demand for air purifiers as consumers seek to maintain a clean indoor environment. In addition, the increasing popularity of smart homes and the integration of air purifiers into home automation systems are driving the growth of the market.
● Europe is another key market for Residential Air Purifiers, driven by the increasing awareness of the importance of indoor air quality and its impact on health. The region has stringent regulations and standards for air quality, which is driving the demand for residential air purifiers. Furthermore, the increasing popularity of energy-efficient and eco-friendly products is driving the demand for air purifiers made from sustainable materials. In addition, the demand for whole-house air purifiers is growing, as these devices can provide comprehensive air purification for large living spaces.
● The South American and MEA regions have a smaller Residential Air Purifier market share, however it is expected to grow at a steady pace.

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