The global air purifier market size is expected to reach USD 28.3 billion by 2027 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 (Bedroom, Living Room, Kitchen), By Regions, Segments & Forecast, 2021 – 2027” 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. Air 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 industry to improve the indoor quality of air. Air purifiers filter the air that circulates through the system. It traps and holds various types of particulates and contaminants such as pollen, dust & dirt, bacteria & microorganisms, hair & animal fur, fibers & lint, metal, plaster or wood particulates, mold & mold spores, that have an effect on the health and comfort.
Air Purifiers can be defined as valuable and the most sophisticated systems used for air purification. The market is very much organized even in developing economies such as India and China as well. The market in the Asia Pacific region is expected to grow at a CAGR of around 13.3% from 2021 to 2027. The product in the past found acknowledgment only in the premium segment but now is finding demand from mid-segment as well. The industry rivalry in the market is currently high and is expected to further get fueled due to the rising demand post-pandemic.
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Existing manufacturers and brands are trying hard to diversify their product portfolio across almost all price points, are taking concentrated efforts to expand and catalyze their R&D efforts, and are investing heavily in such efforts. Awareness creation regarding the health benefits of air purifiers is a major challenge faced by industry participants. Strengthening of distribution channels focus on tier-2 cities especially in developing markets, a considerable rise in marketing spend, are some of the top priorities of industry participants.
In addition, air purifier demand for residential sectors in the recent past was due to the demand from consumers who were suffering from ailments such as respiratory disorders. But post-pandemic this is not the case as the product is being viewed as a means to clean air and a healthy lifestyle and is appealing to health-conscious consumers across the globe. The market for the residential sector is expected to reach USD 9.9 billion by 2027.
Awareness about the technology for manufacturing air purifiers has increased the competition in the market. The R&D division of a company plays a crucial role in its future growth and improves its competitive potential. Activities related to product quality improvements, innovative designs, new technology invention, and product development are expected to provide a competitive edge to the market players. In order to meet the ever-changing consumer requirements, companies spend huge amounts on research & development activities every year.
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, 2016 – 2027)
- High-efficiency Particulate Air (HEPA)
- Activated Carbon
- Ionic Filters
Air Purifier Application Outlook (Revenue, USD Million, 2016 – 2027)
Air Purifier Residential End-Use Outlook (Revenue, USD Million, 2016 – 2027)
- Living Room
Air Purifier Regional Outlook (Revenue, USD Million, 2016 – 2027)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa