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Residential Air Purifiers Market | Know the Latest Innovations in the Industry

05-02-2023 04:55 PM CET | Health & Medicine

Press release from: MarketsandMarkets

Residential Air Purifiers Market worth $14.1 billion by 2026

Residential Air Purifiers Market worth $14.1 billion by 2026

The residential air purifiers market is projected to reach USD 14.1 billion by 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1%. Residential air purifiers are the most effective devices to improve indoor air quality and to reduce or remove the sources of pollutants and to ventilate with clean air. These are designed to filter the air in a single room or area and reduce indoor air pollution. Over the years, residential air purifiers have gained importance among homes and residential buildings with the inclination towards quicker, safer, simpler, and high-end air purifiers, encouraging the growth of the residential air purifiers market. Other factors driving market growth include the rising air pollution levels and increasing urbanization, which have further necessitated the need for better air quality at home. However, the high cost of these products and technical limitations associated with air quality monitoring products are expected to restrain market growth to a certain extent.

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Residential air purifiers and air cleaners are machines that remove airborne contaminants including dust, smoke, pollen, and pet dander to enhance the quality of the air indoors. The primary part of a home air purifier is the high-efficiency air filter. Residential air purifiers come in two primary categories: stand-alone and in-duct. Stand-alone, as the name implies, is a portable room system made to purify and cleanse the air in a specific room at home or work. The majority of the materials used to construct stand-alone air purifier cases are plastic, typically high-impact polystyrene, polyvinyl chloride, high-density polyethylene, or polypropylene.

Fibrous media air filters and electronic air cleaners are the most commonly used air filtration technology in residential air purification systems. The fibrous media air filter includes fibrous or porous fabrics that are tightly positioned that eliminate microscopic fine particles such as dust, pollen, mold, and bacteria. Electronic air filter technology utilizes electrically charged filters to lower the number of airborne pollutants at home. Activated carbon technology, UV technology, negative ion, and ozone are some of the new air filtration technologies that are capable to provide 100% bacteria-free air.

The HEPA technology segment is accounted for the largest share of the residential air purifiers market.
Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arresting or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the largest market share. HEPA filters incorporated in residential air purifiers are beneficial at trapping gases and particles, absorbing odours and gases from mould, cooking, pets, smoke, and chemicals, thereby reducing pollution in the indoor environment.

The portable/stand-alone purifiers is expected to grow at the highest CAGR

Based on type, the residential air purifiers market is segmented into portable/stand-alone purifiers and in-duct purifiers. The portable/ stand- alone purifiers segment is also expected to witness the highest growth during the forecast period. This can mainly be attributed to its various capabilities such as smart controls, sensors, multiple filtration layers and ability to move around. Furthermore, their installation is cost-effective as compared to the in-duct system.

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Asia Pacific accounted for the largest share of the residential air purifiers market

Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.

Key Market Players

The prominent players in the global residential air purifiers market are Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc. (US), IQAir (Switzerland), Winix Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Airpura Industries Inc. (Canada), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), SHIL Limited (India), IDEAL Krug & Priester GMBH & Co. KG (Germany), Havells India Ltd. (India), Molekule (US), Carrier Global (US), and Coway CO., Ltd. (South Korea).

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