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Car Air Purification Technologies: Market Forecast 2024
Car Air Purifier Market Trends
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According to The Business Research Company's, The car air purifier market size has grown rapidly in recent years. It will grow from $1.95 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increased air pollution levels, rising demand for automobiles, technological advancements, increased older population, economic growth in emerging markets and increased disposable income and living standards.
The car air purifier market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rise in car sales with safety features, rising incidence of allergies, changing climate conditions, increasing car air purifiers demand due to covid and growing urbanization. Major trends in the forecast period include developing unique car air purification systems for electric cars, developing antimicrobial filters for better safety, focusing on the technological advancements for ensuring better cabin air quality and leveraging strategic partnerships to strengthen position in the market.
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Market Drivers and Trends:
The significant pollution levels in the atmosphere are expected to propel the growth of the car air purifier market going forward. Pollution level refers to air quality index which is an index used to report the air quality daily. Car air purifier protects passengers from contaminants in the air they breathe, as they help in the purification of polluted air to clean air. For Instance, in June 2022, according to The Economic Times, an Indian daily newspaper, Indians may lose 5 years of life expectancy due to air pollution. South Asia has accounted for 52% almost half of the expected lost life years globally due to the high pollution levels. Therefore, the significant pollution levels in the atmosphere are expected to boost demand for car air purifiers during the forecast period.
Technological advancements are the key trend gaining popularity in the car air purifier market. Major companies operating in the market are introducing new products with innovative technologies such as dual technology to meet end customer demands and sustain their position in the market. For instance, in August 2022, Tata Motors, an India-based Automotive manufacturer, launched an Air-o-Pure 95 Air Purifier. The Air-o-Pure 95 air purifier features an Active Carbon HEPA filter and a UV-C light to enhance air quality, eliminate volatile organic compounds, viruses, and bacteria, and filter out dangerous smoking. The purifier is attractively designed and fits easily into the cup holder position of any Tata vehicle.
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Major Key Players of the Market:
Engie SA, Air Liquide, EnviTec Biogas AG, Hitachi Zosen Corporation, Gasum Oy, Ameresco, Wartsila, Schmack Biogas GmbH, Future Biogas Limited, Weltec Biopower GmbH, Green Elephant India Private Limited, Spectrum Renewable Energy Pvt. Ltd., Atmos BioEnergy, Biogas Engineering India Pvt Ltd, Nikkiso Clean Energy & Industrial Gases Group, Aqua Society Co. Ltd., AAT Biogas Technology, Biogass Renewables Pty Ltd, Aquatec Maxcon, Cyy Bio Power Co. Ltd., K-BioPower Co. Ltd., New Energy Technology Co. Ltd., Mingshuo Environment Technology Group Co. Ltd., Hubei Kexin Environmental Energy Co. Ltd., Asia Biogas, Beijing Shenwu Environment & Energy Technology, TotalEnergies SE, Aerzener Maschinenfabrik GmbH, PlanET Biogas Group GmbH, Zorg Biogas GmbH, Evergaz, Veolia Environnement S.A., BTS Biogas Srl/GmbH, Biogas Systems Nord LLC, RosBio LLC, SIBIO LLC, BD Agro Renewables, Dynamic Biogas Development Sp. z o.o., Polish Biogas Group, DVO Inc., Greenlane Biogas, Nacelle, Paques Environmental Environmental Technologies Inc., Raven, Harp Renewables Limited, GranBio, CIBiogás, Ennox, Biomaster, Ecometano, Itaipu Biogas Plant, Masdar, Abu Dhabi National Oil Company, BEEAH Group, Bahwan Renewable Energy Company, ACWA Power, Neutral Fuels, Saudi Aramco, Bambino Bio Refinery Limited, HomeBiogas, Biogas Solutions, SAR Energy, Avenam Links Int`l Ltd.
Car Air Purifier Market 2024 Key Insights:
• The car air purifier market size is expected to see strong growth in the next few years. It will grow to $3.13 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
• Rising Atmospheric Pollution Drives Demand For Car Air Purifiers To Safeguard Passengers
• Innovative Technologies Drive The Evolution Of Car Air Purifiers For Enhanced Air Quality
• Asia-Pacific was the largest region in the car air purifier market in 2023, and it is expected to be the fastest-growing region in the forecast period
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