Market Insights - Industry Research Report

Air Purifier Market

Air Purifier Market Size, Share, and Growth Report by Technology (Activated Carbon, High-Efficiency Particulate Air, Ionic Filters, and Others), By Mounting Type (Fixed and Portable), By Application (Commercial, Residential, Industrial), and By Region – Global and Regional Industry Overview, Market Intelligence, Premium Insights, Complete Analysis, Historical Data, and Forecasts 2024 – 2032

In 2023, the worldwide air purifier market had a value of USD 14.28 billion and is projected to reach USD 29.50 billion by 2032. This anticipated growth reflects a Compound Annual Growth Rate (CAGR) of around 8.4% during the forecast period from 2024 to 2032.

Air Purifier Market Overview

Air purifiers are portable devices that combine an internal filter and fan to pull unwanted particles from the air in a specific room. Increased population and airborne emissions of harmful gases and volatile materials are effects of rapid urbanization and population growth globally. Most air purifiers use a passive monitoring mechanism that requires manual data entry at predetermined intervals. Only a small percentage of air purifiers include active monitoring systems, which may automatically collect and transmit data over a wireless network. During the projection period, air purifier producers and distributors are expected to benefit significantly from marketplaces in developing nations like China, India, and Russia. Rising pollution, increased public health consciousness, rising population, rising disposable income, and government investments in better air quality management and monitoring are all to be credited for these opportunities.

The following points provide an overview of the key factors influencing the air purifier market, reflecting the current trends and dynamics in the industry:

  • Market Overview:
    • The global air purifier market is experiencing substantial growth.
    • Increased awareness of indoor air quality drives market demand.
  • Technological Advancements:
    • Integration of advanced filtration technologies, such as HEPA filters and UV-C light, enhances efficiency.
    • Smart and connected air purifiers gaining popularity with remote control and monitoring features.
  • Health Concerns:
    • Growing health concerns related to air pollution contribute to market expansion.
    • The rising prevalence of respiratory issues fuels the demand for air purifiers.
  • COVID-19 Impact:
    • Heightened awareness during the pandemic leads to increased adoption of air purifiers.
    • Focus on products with virus and bacteria filtration capabilities.
  • Commercial and Residential Segments:
    • The surge in demand for air purifiers in both residential and commercial spaces.
    • Offices, schools, and healthcare facilities increasingly deploying air purification systems.
  • Energy Efficiency and Sustainability:
    • Demand for energy-efficient and eco-friendly air purifiers is on the rise.
    • Adoption of reusable and recyclable filter materials.
  • Regional Dynamics:
    • Asia-Pacific dominates the market, driven by concerns over air pollution in major cities.
    • North America and Europe witnessing steady growth, with a focus on technological innovations.
  • Market Players:
    • Key companies investing in research and development for improved air purification technologies.
    • A competitive landscape characterized by product innovation and strategic partnerships.
  • Consumer Awareness and Education:
    • Increasing efforts to educate consumers about the benefits of air purifiers.
    • Awareness campaigns regarding the impact of indoor air quality on health.
  • Future Outlook:
    • Continued market growth is expected with a focus on sustainable and health-oriented products.
    • Technological advancements and innovation are likely to shape the future of the air purifier market.

Air Purifier Market

Air Purifier Market Drivers:

As the globe has grown increasingly globalized, the growth of public and private infrastructure has accelerated, with major nations investing heavily in the building of seaports, airports, transportation infrastructure, and housing. Unfortunately, these projects have raised pollution levels because of the reduction in forest cover. Moreover, more people are using air conditioners in homes and businesses, increasing particulate matter emissions. As a result, there is a growing global need for air purifiers. As a result, during the forecast period, worries about environmental pollution are fueling the growth of the air purifier market.

Air Purifier Market: Restraints

Consumer needs are what essentially drives the air purification sector. Air purifier manufacturers work by learning more about the needs and specifications of their clients. On the other hand, customer expectations continually change since they favor extra benefits above the product’s core features. For instance, home air purifiers that guarantee allergen-free breathing should feature cooling capabilities. Customers choose ozone control applications and fine particulate filters over conventional air purifiers that cost the same. Therefore, the air purifier market’s expansion during the forecast period is constrained by the high costs associated with research and development.

Air Purifier Market: Segmentation

The global air purifier market has been segmented into technology, mounting type, and Application.

  • Based on technology, activated carbon, high-efficiency particulate air, ionic filters, and others are segments of the global air purifier market. The high-efficiency particulate air (HEPA) dominated the global market. HEPA filters are particularly good at removing airborne pollutants such as pollen, dust, smoke, and bio-contaminants. The better effectiveness and dependability of HEPA filters in eliminating airborne particles would probably aid in their growth in the international market. Activated carbon or charcoal filters are made of tiny bits of carbon in the form of powdered blocks or granules that have been suitably treated with oxygen to open the pores of the carbon atoms. As a result, the carbon has a greater surface area and becomes more porous, which enhances its ability to collect airborne particles. These filters may be used to absorb gases and aromas from cooking, mold, chemicals, pets, and smoke.
  • Based on application, the global air purifier market is segmented into residential, retail shops, offices, healthcare facilities, hospitality, schools & educational institutions, laboratories, transport, commercial, industrial, and others. The commercial segment dominated the global market. Hospitals, offices, hotels, schools, theatres, malls, conference centers, and other leisure facilities are among the commercial applications where air purifiers are used. Hotels and restaurants utilize air purifiers with activated carbon and HEPA to remove smoke, odor, and airborne particles from the air, enhancing the quality of the air in the spaces.

Air Purifier Market: Regional Landscape

Due to several factors, including increasing urbanization, industrialization, and population growth with rising disposable income, Asia Pacific led the market in 2021. Moreover, it is anticipated that rising smog and air pollution incidents, particularly in nations like China and India, will raise the usage of air purifiers and support regional market expansion. The ecological balance and air quality in South Korea have been harmed by reasons such as expanding urbanization, governmental decisions, and increasing industrialization. Growing public awareness of illnesses and health risks from exposure to dangerous particles at work or home is projected to favor the country’s market expansion.

Air Purifier Market: Competitive Landscape

Some of the prominent competitors dominating the global air purifier market include-

  1. Honeywell International, Inc.
  2. IQAir North America, Inc.
  3. LG Electronics Inc.
  4. Aerus LLC
  5. Unilever PLC
  6. Daikin Industries Ltd.
  7. Panasonic Corporation
  8. Philips
  9. Whirlpool Corporation
  10. Hamilton Beach Brands, Inc.

Recent Developments

  • February 2022: In Qatar, the new and enhanced PuriCare Wearable Air Purifier will be launched, according to a statement from LG Electronics. It has two H13 HEPA filters and a completely automatic fan airflow control system, which improves breathing comfort.
  • December 2021: A new 3-in-1 multifunctional air purifier with three modes—purify, heat, and fan—was introduced by Philips India. It has a three-layer HEPA filtration system installed.

The Global Air Purifier Market is segmented as follows:

Air Purifier Market by Technology (Revenue, USD Million, 2018 – 2032)

  1. Activated Carbon
  2. High-Efficiency Particulate Air (HEPA)
  3. Ionic Filters
  4. Others

Air Purifier Market by Mounting Type (Revenue, USD Million, 2018 – 2032)

  1. Fixed
  2. Portable

Air Purifier Market by Application (Revenue, USD Million, 2018 – 2032)

  1. Commercial
    • Retail Shops
    • Offices
    • Healthcare Facilities
    • Hospitality
    • Schools & Educational Institutions
    • Laboratories
    • Transport
    • Others
  2. Residential
  3. Industrial

Air Purifier Market by Region (Revenue, USD Million, 2018 – 2032)

  1. North America
    • The U.S.
    • Canada
    • Mexico
  2. Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  3. Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
    • Rest of Southeast Asia
  4. The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  5. Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
Air Purifier Market Report Scope
Report AttributeDetails
Market Size Value in 2023USD 14.28 billion
Revenue Forecast in 2032USD 29.50 billion
Growth RateCAGR of 8.4 % from 2024 to 2032
Base Year for Estimation2023
Historical Data2018 – 2023
Forecast Years2024 – 2032
Quantitative UnitsRevenue in USD million and CAGR from 2024 to 2032
Report CoverageRevenue forecast, company ranking, Trends
competitive landscape, and growth factors
Segments Covered Technology, Mounting Type, Application, and Region
Regional ScopeNorth America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country ScopeU.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others
Key Companies ProfiledHoneywell International Inc., IQAir North America Inc., LG Electronics Inc., Aerus LLC, Unilever PLC, Daikin Industries Ltd., Panasonic Corporation, Philips, Whirlpool Corporation, and Hamilton Beach Brands Inc.

Frequently Asked Questions

The main reasons anticipated to propel the air purifier market during the forecast period are an improved standard of living, increasing disposable income, and growing health consciousness.
According to Beyond Market Insights, the global air purifier market was worth $14.28 billion in 2023 and is estimated to grow to $29.50 billion by 2032, with a CAGR of around 8.4 % over the forecast period.
Due to several factors, including increasing urbanization, industrialization, and population growth with rising disposable income, Asia Pacific led the market in 2023.
Some of the main competitors dominating the global air purifier market include – Honeywell International, Inc., IQAir North America, Inc., LG Electronics, Inc., Aerus LLC, Unilever PLC, Daikin Industries, Ltd., Panasonic Corporation, Koninklijke Philips N.V., Whirlpool Corporation, and Hamilton Beach Brands, Inc.

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