Press release
Global Air Purifier Market to Witness Increasing Product Launches; MRFR Reveals Insights for 2024-2030
Air Purifier Market
The Air purifier market is witnessing rapid revenue growth. Increasing sale of portable air purifiers is a major driving force behind the market growth. Besides, the rising use of portable air purifiers in residential and commercial setups pushes the market value.
As of the latest available data in 2022, the Air Purifier Market Size was estimated to be valued at USD 6.3 billion. However, according to projections, the industry is expected to experience substantial growth in the coming years. It is projected to reach USD 7.0 billion in 2024 and further expand to USD 13.4 billion by the year 2030. This growth trajectory signifies a remarkable compound annual growth rate (CAGR) of 11.4% during the forecast period from 2024 to 2030.
An air purifier is a device that promotes improving indoor air quality by eliminating pollutants from the air. A portable air purifier is used indoors to purify the air. Air purifiers differ in their setup, operation, technology, and the volume of air they clean, all of which influence air cleaner effectiveness.
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Market Players
Sharp Corporation (Japan)
Dyson (Singapore)
Panasonic Corporation (Japan)
Honeywell International Inc (US)
Unilever (UK)
Midea Group (China)
Xiaomi Inc (China)
COWAY CO. LTD (South Korea)
Koninklijke Philips N.V. (the Netherlands)
Blueair (Sweden)
Daikin Industries Ltd (Japan)
LakeAir (US)
Air Purifier Market - Segmentation
The air purifier market is characterized by various product categories that contribute to its overall growth. From 2018 to 2030, the market is expected to witness significant financial expansion, measured in USD million. The diverse range of air purifiers includes HEPA purifiers, UV air purifiers, activated carbon air purifiers, ion & ozone generator air purifiers, and other innovative solutions. This product outlook reflects the market's commitment to offering diverse technologies and features to address different air purification needs.
In addition to product segmentation, the market is also classified based on sales channels, with a focus on revenue in USD million from 2018 to 2030. The sales channels encompass both offline and online platforms, reflecting the dynamic nature of consumer preferences and the industry's adaptation to digital trends. This segmentation provides insights into the changing landscape of consumer behavior in purchasing air purifiers.
Geographically, the air purifier market is regionally divided into North America, Europe, Asia-Pacific, and the Rest of the World. Each region contributes to the overall market dynamics differently, influenced by factors such as air quality concerns, regulatory standards, and technological advancements. By understanding the regional outlook, stakeholders can tailor their strategies to capitalize on specific opportunities and challenges in different parts of the world, ensuring a more nuanced and effective approach to the global air purifier market.
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Market USP Covered
Market Drivers:
Growing Awareness of Air Quality: Increasing awareness about the health risks associated with indoor air pollution is driving the demand for air purifiers. Consumers are becoming more conscious about the air they breathe, especially in urban areas where pollution levels are high.
Rising Health Concerns: Concerns about respiratory illnesses, allergies, and other health issues related to poor indoor air quality are prompting individuals to invest in air purifiers for their homes, offices, and other indoor spaces.
Technological Advancements: Continuous advancements in air purification technology are making purifiers more efficient, energy-efficient, and affordable. Features such as HEPA filters, activated carbon filters, UV-C light sterilization, and smart connectivity are enhancing the performance and usability of air purifiers.
COVID-19 Pandemic:
The COVID-19 pandemic has heightened awareness about the importance of clean indoor air for preventing the spread of viruses and other pathogens. This has led to increased demand for air purifiers as a precautionary measure against airborne transmission of diseases.
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Regional Analysis
By Region, the study provides the market insights into North America, Europe, Asia-Pacific, and Rest of the World. Asia Pacific Air Purifier market accounted for USD 2.8 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to rapid urbanization and industrialization combined with a growing population with increased disposable income.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
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