Press release
Global Air Purifiers Market: Unleashing a CAGR of 15.2% with Increased Health Awareness and Technological Advances
Air Purifiers Market Size
What Is The Projected Market Size Of The Global Air Purifiers Market And Its Growth Rate?
The global air purifiers market is projected to undergo a rapid expansion in the coming years, with key drivers being the increase in air pollution levels, health consciousness, prevalence of respiratory diseases, and economic growth in emerging markets. Some of the key statistics include:
- From $2.25 billion in 2024, the market will grow to $2.53 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.3% .
- With the higher incidence of allergies, the market size is expected to grow to $4.45 billion in 2029 at a CAGR of 15.2%.
What Is Driving The Growth In The Air Purifiers Market?
Surge in airborne diseases can be attributed as one of the major factors driving the air purifier market. Escalating health concerns such as asthma, allergies, and other breathing disorders have propitiated consumers to invest in air purifiers at commercial and residential venues. Reports published by the US-based, Centers for Disease Control and Prevention revealed 8,331 reported TB cases in the United States for the year 2022, indicating increased prevalence of airborne diseases that further fuels the growth of the air purifier market.
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Who Are the Key Players Driving Air Purifiers Market Growth?
Major companies contributing to the growth of the air purifiers market include:
- LG Electronics Inc.
- Coway Co. Ltd.
- Daikin Industries Ltd.
- Dyson Ltd.
- Whirlpool Corporation,
- Xiaomi Corporation
- Resideo Technologies Inc.
- Panasonic Corporation
- Samsung Electronics Co. Ltd.
- Sunbeam Products Inc., YADU, Midea, Beiangtech, IQ Air, Honeywell International, Camfil, Sharp, and others.
What Are The Key Trends In The Air Purifiers Market?
Key trends shaping the forecast period include:
- Development of smart air purifiers to keep pace with changing consumer trends.
- Focus on producing energy-efficient, portable, multi-functional products and wearable air purifiers.
- Companies increasingly focusing on M&A growth strategies to expand customer base.
- Investment in providing automated air purifiers.
What Are The Segments Of The Global Air Purifiers Market?
The report segments the air purifiers market as follows:
- By Type: Dust Collectors, Fume And Smoke Collectors, Other Types
- By Technology: HEPA Filter, Activated Carbon, Other Technologies
- By End-User: Residential, Commercial
Which Region Leads The Air Purifiers Market?
North America held the largest share in the global air purifiers market in 2024. Asia-Pacific followed as the second-largest region. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Air Purifiers Market Global Market Report?
- Market Size Analysis: Analyze the Air Purifiers Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Air Purifiers Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Air Purifiers Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Air Purifiers Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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