Air Purifiers Market is Projected to Reach USD 20.34 Billion by 2030: Cognitive Market Research

Market Overview:
An air purifier is a device that helps in purifying the air by eliminating pollutants from the indoor environment, such as dust, pollen, smoke, and other hazardous particles. It typically functions by capturing and neutralizing airborne contaminants using a number of filters or other technologies like UV-C light or ionizers. Air purifiers are frequently used in homes, offices, and other indoor spaces to enhance air quality and lower the risk of allergies or respiratory issues. People with asthma or other respiratory diseases and people who live in places with high levels of pollution or allergens can benefit particularly from them.

Summary:
As per the study of CMR, the Global Air Purifiers market size was valued at USD 10.97 Billion in 2022 and it will expand to USD 20.34 Billion at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030.

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Market Dynamics:
What are the driving factors for the global air purifier market?
The main growth drivers for the worldwide air purifier market are the prevalence of airborne diseases, rising air pollution, and rising demand for HEPA filters from patients with respiratory conditions. According to the World Air Quality Report, PM2.5 air pollution was estimated to have directly contributed to the deaths of 40,000 children under the age of five in 2021. In addition, air pollution is regarded as the biggest environmental health issue in the world, causing seven million deaths annually. Numerous ailments, including heart disease, cancer, lung conditions, and asthma, are brought on by or made worse by air pollution.

What are the opportunities and challenges for the global air purifier market?
Additionally, it is projected that in the upcoming years, the need for air purifiers would increase due to rising standards for the use of air pollution management technology, particularly in emerging nations. Rising technical development may also provide an attractive business potential for air purifiers worldwide. However, the complexity of indoor contaminants and the high price of air purifiers can pose problems for the market.

Air Purifiers Market Segmentation:
Type:
• Portable Air Purifier
• Whole House Air Purifier

Technology:
• HEPA
• Activated Carbon
• Ionic Filters
• Others
The market for air purifiers is divided into HEPA, Activated Carbon, Ionic Filters, and other categories based on the technology utilized in such devices. Due to its efficiency at removing dirt or other dangerous airborne particles, the HEPA sector accounts for the biggest share of the market. The second-largest supplier to the market is activated charcoal, which is created from minute particles of carbon that have been carefully treated with oxygen to open the pores of carbon atoms.

Material:
• Glass Fiber
• Synthetic Fiber

Price:
• Under US$ 50
• US$ 50 - US$ 60
• Above US$ 60

End-user:
• Residential
• Commercial
The market is divided into Residential and Commercial segments based on end users. Restaurants and hotels, bars and pubs, railway stations and airports, schools and colleges, corporate offices, theaters, and bus stops are the different categories of the commercial sector. The business sector currently controls the market. The usage of air purifiers in classrooms, conference rooms, malls, hotels, theaters, and other commercial places is credited with this growth.

Distribution Channel:
• Online
• Offline
Based on distribution channels, the market is segmented into online and offline. The online segment is further classified into, Company-owned Websites, and E-commerce Websites. Further, the offline segment is bifurcated into Specialty Stores, Hypermarkets/Supermarkets, and Independent Retailers. The offline segment is holding the largest market share due to the customer preference of buying products according to their choice by physically examining the products. However, the online segment is estimated to grow with the highest CAGR due to the growing popularity of e-commerce platforms.

Competitive Analysis of Air Purifiers Market: Sharp, Philips, Panasonic, Daikin, Midea, YADU, Coway, Blueair, Electrolux, Whirlpool, Austin, IQAir, MANN+HUMMEL, Boneco, Samsung, Airgle, Broad, Mfresh, Lexy, Beiangtech, Honeywell

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Air Purifiers Market Regional Analysis:
Geographically, the APAC region dominates the world market for air purifiers. This is ascribed to elements like rising investments by significant market participants in this region, less strict governmental standards for product approval, and shifting lifestyles. Additionally, it is predicted that this region will continue to dominate this market during the forecast period. Since air pollution, population, and industrialization are all on the rise, the top air purifier markets are India, China, South Korea, and Japan.

Air Purifiers Market Industry News:
Havells India launched an air purifier with an AQI monitor (November 2022)
Havells India, a consumer appliance manufacturer has announced the launch of a new air purifier along with an AQI (air quality index) monitor named the 'Meditate' air purifier which comes in silver satin color and is priced at Rs 64,900. The device will soon be available on Amazon, said the company.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Air Purifiers Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Air Purifiers Market Segmentation
1.5.1 Air Purifiers Market Regional Fragmentation
1.5.1 Air Purifiers Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Air Purifiers Market
• 3.1 Global Air Purifiers Market Size 2018 - 2030, (USD Million)
• 3.2 Global Air Purifiers Value, Absolute & Opportunity Analysis
• 3.3 Global Air Purifiers Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Air Purifiers Market Statistics 2022: Snapshot
Chapter 4 Global Air Purifiers Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Air Purifiers Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Air Purifiers Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Air Purifiers Market by End-User Segmentation Analysis (2018-2030)
Chapter 12 Global Air Purifiers Market Regional Analysis
Chapter 13 North America Air Purifiers Market Outlook (2018 - 2030)
Chapter 14 Europe Air Purifiers Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Air Purifiers Market Outlook (2018 - 2030)
Chapter 16 Latin America Air Purifiers Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Air Purifiers Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

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