Air Purifier Market Analysis
Explore In-Depth Air Purifier Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2030
Report Code: 12293
Explore In-Depth Air Purifier Market Analysis, Covering Detailed Segmentation and Geographical Insights for the Period of 2019 to 2030
The HEPA category accounts for the largest share in the market, of 35%. HEPA air purifiers incorporate HEPA filters that comprise multi-layered meshes made of fine fiberglass threads. These filters are bombarded with high-velocity air, which dries out any virus. They capture the smallest airborne particles found in indoor air, thus helping fight asthma and preventing allergies and other respiratory diseases. In fact, these filters are capable of capturing the COVID-19 virus, which is approximately 0.125 microns in size. This is why HEPA filters are recommended in spaces that need highly pure air, such as hospitals, semiconductor manufacturing plants, and industrial and medical cleanrooms.
The photocatalytic category will likely witness the highest CAGR, of 7.7%, over the forecast period. This technology uses titanium dioxide as a photocatalyst and UV light to break down volatile organic compounds and organic pollutants into harmless particles. The increasing awareness of air pollution is driving people to purchase air purifiers with advanced technologies that offer higher efficiency.
The following technologies have been analyzed in the report:
In 2024, the residential category accounts for 40% market share, and they are likely to witness the highest CAGR during the forecast period, on the basis of application. The growth of this category is majorly attributed to the increasing awareness among individuals on their health, because of the concerns arising due to the polluted air, and growing popularity of smart homes.
The HEPA technology is the most-widely accepted by residential air purifier users due to its high reliability and performance.
Residential portable air purifiers are becoming popular as they are small and lightweight, along with being cost-effective compared to in-duct systems. They also have various features, such as multiple filtration layers, sensors, and smart controls, which makes them the choice of a large proportion of consumers.
The hospital category is expected to grow the fastest, during the forecast period. Pure air is vital as hospitals because they host patients with compromised immune systems, who could easily get infected by airborne bacteria, fungi, and viruses. Additionally, the COVID-19 pandemic brought hospital-acquired infections into the limelight, further compelling healthcare facilities to maintain high air quality levels. Pure air is imperative in critical areas, such as operating rooms and cleanrooms, which operate under stringent disinfection and sterilization mandates.
The report offers insights for the below-mentioned applications:
The Asia-Pacific air purifier market generates approximately 45% of the global revenue, and it will witness the highest CAGR, of 7.5%, over the forecast period. This will be on account of the growing population, rapid urbanization and industrialization, along with the increasing disposable income of individuals. Moreover, India, Bangladesh, and Pakistan are among the countries with the worst air quality, which exceeds the WHO limits by at least ten times, as per the IQAir report of air quality. Moreover, even though China’s air pollution levels dropped in 2021, the country still has significantly polluted air, which raises health concerns among people.
Thus, China leads the market in the region, accounting for around 50% of the market share, being the manufacturing base of a large number of companies in the market. In fact, companies have been massively investing in air purifier R&D and launches. For instance, in 2021, SGS opened a new filtration laboratory in Suzhou, China. The 2,500m2 facility is focused on the filtration testing of compressed air HEPA & ULPA, HVAC & industrial air, and residential air purification technologies.
The following regions and countries have been studied in the report:
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