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Health Impacts Of Air Pollution Fueling Demand For Air Purification Equipment Driver: A Major Catalyst in the Evolution of the Air Purification Equipment Market in 2025
Air Purification Equipment Market
The market for air purification equipment has experienced robust growth in recent years. The market size is predicted to expand from $69.52 billion in 2024 to $75.75 billion in 2025, achieving a compound annual growth rate (CAGR) of 9.0%. Factors such as growing consciousness about air quality, industrial and urban development, governmental regulation, and health issues contributed to this growth during the historic period.
In the coming years, the market size for air purification equipment is projected to witness robust growth. The market is predicted to expand to $103.61 billion by 2029, with a compound annual growth rate (CAGR) of 8.1%. The expansion during the predicted period could be as a result of factors such as sustainability and green initiatives, climate change and natural disasters, the increased demand for smart homes, an aging population, and air quality monitoring. Technological advancements, smart and interconnected devices, hepa and advanced filtration, customization and personalization, as well as portable and compact designs are seen as the major trends for the forecast period.
What Are the Key Drivers Behind the Growth of the Air Purification Equipment Market?
Projected growth in the air purification equipment market is associated with the increase in health concerns resulting from air pollution. The rise in air pollution-induced deaths and illnesses is leading to a surge in demand for air purifiers which help eliminate harmful air pollutants. The World Health Organization (WHO), a specialized agency of the United Nations based in Switzerland concerned with global public health, states air pollution as a leading contributor to death and numerous diseases. Approximately 4.2 million fatalities globally per year are due to air pollution, primarily from heart disease, chronic obstructive pulmonary disease, lung cancer, acute respiratory infections, and stroke. In the USA, premature deaths due to air pollution amount to roughly 200,000 per year. Furthermore, air pollution singly accounts for 29% of lung cancer, 43% of chronic obstructive pulmonary disease, 17% of acute lower respiratory infections, and 24% of strokes, relating to all deaths and diseases worldwide. The rise in air contaminants is anticipated to propel the demand for the air purification equipment market in the projected period.
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Who Are the Major Industry Players Fueling Air Purification Equipment Market Expansion?
Major companies operating in the air purification equipment market include Daikin Industries Ltd., Sharp Corporation, Camfil Group, Philips Electronics N.V., LG Electronics Inc., Panasonic Corporation, 3M Company, Mann+Hummel, Honeywell International Inc., Clarcor Inc., Whirlpool Corporation, SPX Flow, Eureka Forbes, Electrocorp, Fumex Inc.
Which Key Developments Are Influencing the Air Purification Equipment Market?
Large companies are tactically forming collaborations and alliances with start-ups and medium-sized companies in the air purification market to expand the products and services they offer. Such strategic affiliations and partnership deals enable businesses to increase their existing product range and geographical presence. For instance, in May 2022, ScentAir Technologies, LLC, a firm from the US delivering scent solutions, teamed up with HealthWay to deliver DFS Compact and DFS Ultrafine, a ground-breaking air purification system that merges HealthWay's unique Disinfecting Filtration System technology with ScentAir's service. The DFS Compact and DFS Ultrafine are completely portable in-room solutions for supplying pure air. HealthWay is a company providing air purification solutions based in the US.
How Is the Segmentation of the Air Purification Equipment Market Defined?
The air purification equipment market covered in this report is segmented -
1) By Product Type: Stand-Alone Air Purification Equipment, Induct Air Purification Equipment
2) By Technology: HEPA, Electrostatic Precipitators, Activated Carbon, Ionic Filters, Other Technologies
3) By End User: Residential, Commercial, Industrial
Subsegments:
1) By Stand-Alone Air Purification Equipment: HEPA Air Purifiers, Activated Carbon Air Purifiers, UV-C Air Purifiers, Ionic Air Purifiers
2) By Induct Air Purification Equipment: Centralized HVAC Air Purifiers, Ducted UV Air Purifiers, In-Duct HEPA Filters
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What Is the Leading Region in the Air Purification Equipment Market?
Asia-Pacific was the largest region in the air purification equipment in 2023. Western Europe was the second largest region in the air purification equipment market during the forecast period. The regions covered in the air purification equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Air Purification Equipment Global Market Report?
- Market Size Analysis: Analyze the Air Purification Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Air Purification Equipment 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 Purification Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Air Purification Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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