The global air purifier market size is expected to reach USD 31.52 billion by 2029 according to a new study by Polaris Market Research. The report “Air Purifier Market Share, Size, Trends, Industry Analysis Report by Type [High-Efficiency Particulate Air (HEPA), Activated Carbon, Ionic Filters]; By Application [Commercial, Residential, Industrial]; By Residential End-Use; By Region, Segment Forecast, 2021 - 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is expected to witness significant growth due to the pandemic outbreak. Purifiers are widely used in residential, manufacturing facilities & industries, hospitals & healthcare, environmental consulting, bars and restaurants, museums, odor control, laboratory, commercial, retail, and construction & infrastructure initiatives to improve air quality indoor. Purifiers traps and holds various types of particulates and contaminants such as pollen, dust & dirt, bacteria & microorganisms, animal fur, fibers & lint, metal, plaster or wood particulates, mold & mold spores that affect health and comfort.
Growing industrial pollutants, as well as increased health concerns and vulnerability to breathing problems, are projected to drive the industry forward. Furthermore, a rise in disposable revenue and improved knowledge of the advantages of the product are likely to drive market expansion. Nevertheless, the expensive cost of replacing filters might stifle market expansion.
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During the forecast timeframe, the North American industry is expected to grow at a considerable pace. Air quality legislation, including the U.S. EPA's establishment of national ambient pollution guidelines, the U.S. Clean Air Act, and Environmental Canada's overall reducing emissions programs, is projected to open up new prospects for manufacturers.
Major players operating in the industry include Carrier, Daikin Industries Ltd., Eureka Forbes Ltd., Dyson, Hitech Ultraviolet Pvt. Ltd., IQAir, Koninklijke Philips N.V., Honeywell International Inc., L.G. Electronics, Samsung Electronics Co., Ltd., Panasonic Corporation, Sharp Corp., Unilever PLC, Sharp Electronics Corporation, and Whirlpool Corporation.
Polaris Market Research has segmented the air purifier market report on the basis of type, application, residential end-use, and region:
Air Purifier, Type Outlook (Revenue, USD Million, 2017 – 2029)
Air Purifier, Application Outlook (Revenue, USD Million, 2017 – 2029)
Air Purifier, Residential End-Use Outlook (Revenue, USD Million, 2017 – 2029)
Air Purifier, Regional Outlook (Revenue, USD Million, 2017 – 2029)