Global Air Purifier Market Value to Surpass USD14 Billion by 2025
Consumer Goods and Retail | Dec, 2022
According to World Health
Organization (WHO) statistics, almost 99% of the global population is exposed
to high levels of pollutants present in the air. Household combustion, vehicular
emissions, industrial pollution, and forest fires are some of the major reasons
attributing to the intensifying air pollution across the globe, leading to
adverse public health concerns. Developments in air purification technologies
seem like a practical and promising solution to counter pollutants while being
indoors. Growing awareness about air pollution and rising incidences of
respiratory ailments resulting from prolonged exposure to bad air quality have
created a greater demand for air purifiers across residential and commercial
sectors. Innovations and research by key players in the air purifier market
have various options for the consumers to choose from, according to their
preference and convenience.
HEPA air purifiers segment
is expected to account for 48.21% of the global air purifier market share.
Consumers prefer HEPA air purifiers as they are designed to remove 99.97% of
the fine particles that are 3 microns in diameter. HEPA filters are effective
in capturing dust, smoke, pollen, pet dander, wildfire, and more.
Smart air purifiers, the
upgraded versions of traditional air purifiers, are registering the fastest
growth as consumers now increasingly prefer devices that can be remotely
operated on the app using smartphones. Some of the essential benefits of smart
air purifiers include tracking and controlling indoor air quality according to
the concentration of pollutants in the ambient air and facilitating users to
change setting remotely via their smart devices. Coway, a leading player in the
air purifier industry, recently introduced Airmega Icon, which comes with a
robust 3-stage HyperCaptive filtration process, capable of removing 99.99% of
ultra-fine particles, and its design perfectly blends with the home décor. In
2021, Dyson unveiled a new range of purification technology, Dyson Purifier
Cool, Dyson Purifier Hot+Cool, and Dyson Purifier Cool Formaldehyde, to deliver
clean air while providing cooling or heating. Thus, investments by the market
players to expand their product portfolio and improve the air purification
technologies as per the customers' expanding needs are expected to support the
smart air purifier market growth.
In recent years, consumer
inclination towards compact size and portable air purifiers has been growing to
increase the accessibility of air purifiers in the outdoor environment and
enhance ease of convenience. From travel mug-sized cleaners to plasma
purifiers, market players are launching purifiers that are smaller, smarter,
and more efficient and effective than ever. With continued research and
development initiatives and technological advances, newer models of portable
air purifiers are expected to mark their entry into the market. Innovative
product offerings by the market players and the rising personal disposable
income of the population are expected to impact the growth of portable air
purifier sales positively.
During the COVID-19
pandemic, the sales of air purifiers surged in the United States, and companies
ran out of stock within weeks. Recommendations instituted by government
agencies to cope with the virus, such as improving air quality and ensuring
proper ventilation, led to an urgent demand for air cleaners and purifiers.
However, social distancing measures resulted in the temporary ban on visiting commercial
spaces and educational institutions, which impacted the overall sales of air
purifiers in the country. Lack of product awareness among consumers, misleading
claims, and cheap alternatives to air purifiers might present some challenges
to the market growth during the forecast period.
Recently, US President Joe Biden launched Clear Air
in Buildings Challenge that requires owners and operators of buildings and
commercial spaces such as schools and universities to adopt key strategies to
enhance air quality, making air filtration improvements to keep the occupants
safe. In 2021, the German government announced a maximum subsidy amount of
EUR500,000 per location for installing air purification units at schools and
daycare centers to ensure a good learning atmosphere, free from aerosols and
fine dust. More such initiatives and funding by regulatory authorities and
government bodies could boost the growth of the air purifiers market in the
coming years. Moreover, alarming levels of pollution in some Asian countries
such as China and India and greater awareness of air purifiers among the
population in the region are anticipated to contribute to the air purifiers
market growth.
According to the
TechSci Research report on “Global
Air Purifier Market By Filter Type (HEPA & Activated Carbon,
Ion & Ozone, Electrostatic Precipitators, HEPA & Activated Carbon + Ion
& Ozone, HEPA, Activated Carbon and Others), By End User (Residential,
Commercial and Industrial), By Region, Competition, Forecast & Opportunities,
2025”, the global air purifier market is anticipated to grow at a CAGR of
13.25% throughout the forecast period, 2020-2025. The market growth can be
attributed to the growing respiratory disorders, especially among children and
geriatric population. Besides, rising number of product innovations and
improving air filter availability are some of the factors contributing to the
market growth.Web: https://www.techsciresearch.com