Global Air Purifier Market Research Report: Forecast (2024-2030)

Market Definition

Air Purifiers are swiftly gaining traction across different sectors worldwide & becoming a prominent part of the Heating, Ventilation, and Air-Conditioning (HVAC) systems. They help remove minute particles like dust, smoke, etc., from the air and prevent the spread of airborne diseases.  

Market Insights & Analysis: Global Air Purifier Market (2024-30)

The Global Air Purifier Market size is valued at around USD 9.76 billion in 2023 and is estimated to grow at a CAGR of about 11.2% during the forecast period, i.e., 2024-30. The market depicts considerable growth during historical years and is estimated to expand in the forecast years, owing to the rising air-borne infection, industrialization, urbanization, etc., in the world. As the level of pollutants rises in the environment, individuals become aware of their effects, especially in the urban areas, and to tackle these concerns individuals are rapidly adopting air purifiers in their homes, commercial spaces, etc., which drives the demand for air purifiers in the global market. For instance:

• In 2023, the State of Air asses that after decades of cleaning up air pollution, around 36% of Americans (over 119.6 million) live in areas with falling grades for harmful levels of particle pollution or ozone.

Furthermore, the growing pace of urbanization and industrial growth, especially in developing and emerging economies like India, Bangladesh, Africa, and others, has resulted in increased levels of air pollution. Densely polluted cities face higher pollution levels, which surge the demand for air purifiers to combat both indoor and outdoor pollution to improve the quality and remove micro contaminants from the air. Moreover, the stringent regulations & standards to improve air quality and control air pollution are anticipated to boost the market growth. Additionally, the initiatives by the government and non-government organizations (NGOs) globally are also driving the demand for air purifiers.

The advancement of technology in air purifiers, like the usage of HEPA filters, IoT-enabled smart purifiers, etc., is also accelerating the demand for air purifiers as these technologically advanced purifiers offer more compatibility to the user in the current technology scenario, which drives the demand for smart or technology-enabled air purifiers. Hence, shifting lifestyle preferences, degrading indoor air quality, rising health concerns, and growing consumer awareness of the benefits of air purifiers would drive the Air Purifier Market in the future.

Global Air Purifier Market Driver

Rising Demand for Air Purifiers as a Defence Against Airborne Diseases – The escalating prevalence of respiratory diseases linked to air pollution, such as asthma and allergies, has spurred a growing demand for air purifiers in both residential and commercial spaces. Heightened awareness of the health risks associated with airborne diseases has made people more proactive in safeguarding themselves from air pollutants & pathogens. This increased consciousness, particularly in urban areas, has led to a surge in the adoption of air purifiers as a pre-emptive measure to enhance indoor air quality and mitigate the risk of airborne illnesses.

Moreover, the global pandemic has played a pivotal role in amplifying concerns related to diseases, resulting in a significant uptick in the adoption of air purifiers as a preventive tool against pathogenic viruses, further accelerating the Air Purifier Market.

Global Air Purifier Market Challenge

Cost Barriers & Awareness Gap Impacting Air Purifier Adoption – The high installation and maintenance costs of air purifiers are hindering the Air Purifier Market growth. In developing and underdeveloped economies, air purifiers are considered a luxury product, even in the urban part of the country. Moreover, the cost of regular maintenance of air purifiers adds as an additional expense, like filter changes and cleaning of media filters due to continuous use of the air purifiers. This has resulted in the low adoption of air purifiers in the market and hampers its growth.

Furthermore, the lack of awareness of the usage of air purifiers, especially in rural areas, can prevent them from considering air purifiers as a viable solution for improving indoor air quality. Thus, the high installation and maintenance cost of air purifiers with a lack of awareness could hamper the market growth of air purifiers.

Global Air Purifier Market Trend

Smart Air Purifiers Revolutionizing Indoor Air Quality Management – Smart air purifiers enabled with a smartphone are emerging as a new trend in the Air Purifier Market, aligning with the broader adoption of smart-home devices and the increasing demand for connected devices. Smart air purifiers allow the air quality to be monitored and managed from a smartphone application, which provides a live reading of quality data.

The convenience of remote control, real-time monitoring, and automated operation simplifies the use of air purifiers, making them more appealing to consumers seeking seamless integration into their modern lifestyles. Hence, smart air purifiers have gained traction as a new trend in the market, which would increase the demand for air purifiers in the forecast years.

Global Air Purifier Market (2024-30): Segmentation Analysis

The Global Air Purifier Market study by MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & includes predictions for the period 2024–2030 at the global, regional, and national levels. In accordance to the analysis, the market has been further classified as:

Based on End User:

• Residential
• Commercial
• Industrial
• Institutional

The Commercial sector is anticipated to capture a substantial share of the Air Purifier Market. Places like schools, malls, workplaces, hotels, and others widely use air purifiers to improve the quality of air & eliminate airborne disease, odor, and smoke. The adoption of air purifiers in healthcare settings in hospitals, clinics, and labs are also driving the demand for air purifier in the commercial segment. The high adoption of air purifiers in the commercial setting increase the demand for air purifier and holds a significant share in commercial spaces in the forecast year.

Based on Filter Type:

• High-frequency Particulate Air (HEPA) filters
• Ionic filters
• Activated Carbon
• Electrostatic Precipitators

High-Frequency Particulate Air (HEPA) filters acquired the largest share in the Global Air Purifier Market in the previous few years. It is attributed to the mounting awareness among people about their higher efficiency in trapping airborne particles (dust, pollen, bio-contaminants, smoke, etc.), i.e., projecting an increasing demand for air purifiers with HEPA filters across various end-users, such as commercial, residential, industrial, institutional, and others.

Besides, with high effectiveness & capabilities to entice atoms, HEPA filters are gaining swift traction across the healthcare & residential sectors. It, in turn, is generating remunerative opportunities for the leading players to develop & introduce new features in air purifiers with HEPA filters and projecting significant expansion for the global market in the coming years.

Global Air Purifier Market (2024-30): Regional Projection

Geographically, the Global Air Purifier Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Asia-Pacific is projected to continue its dominance in the Air Purifier Market with the largest share over the forecast years. It owes principally to the mounting focus of governments of different regional countries on infrastructural developments, i.e., leading to massive pollution levels and, in turn, surging demand for air purifiers. Nevertheless, improving economic conditions & purchasing power, changing living standards, and growing awareness about air purifiers are other aspects stimulating the regional market growth. Due to this, the leading players are extending their product offerings to meet the burgeoning consumer demand across Asia-Pacific.

Moreover, changing environmental conditions, coupled with increasing breathing issues & chronic diseases, leading to the surging adoption of air purifiers in the region, especially across China & India, are other prominent aspects likely to drive the Asia-Pacific Air Purifier Market through 2030.

Global Air Purifier Industry Recent Development:

• 2022: Daikin Europe N.V. announced that it would invest nearly 300 million Euro to establish a new factory in Lodz Poland, which would be Daikin’s first production base in the country. The new factory would manufacture residential heat pump units and start operations by July 2024.
• 2022: Carrier announced to invest around USD 16 million build a Research & Development Center of Excellence for heating, air conditioning and domestic water systems in Villasanta (MB), Italy. The new facility would focus on the development of new innovations to expand Carrier’s sustainable and intelligent solutions, primarily heat pumps, hydrogen-ready boilers and IoT-enabled systems for the residential and commercial segments in Europe.

Gain a Competitive Edge with Our Global Air Purifier Market Report

• Global Air Purifier Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Air Purifier Industry Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.