Air purifier market to reach $31,195.6 million by 2030, according to P&S Intelligence

NEW YORK, April 28, 2022 /PRNewswire/ — The World air purifier market is ready to reach $31,195.6 million by 2030 from $11,422.7 million in 2021, growing at a CAGR of 11.8% between 2021 and 2030, according to P&S Intelligence. The growth of the market is attributed to increasing levels of air pollution globally, decreasing indoor air quality, increasing incidence of airborne diseases, as well as the increase in the standard of living and the purchasing power of individuals.

According to the WHO, almost everyone in the world breathes air that exceeds minimum quality standards. Indoor air quality is one of the main causes of respiratory diseases, cancers and even blindness, as well as premature mortality, especially in underdeveloped countries.

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Key Findings of the Air Purifiers Market Report

  • The cost of air purifiers using ionizing technology depends on the size, model and brand. Additionally, the inexpensive operating and purchasing costs of ionic air purifiers, along with their noise reduction, are driving the industry, with North America being, by far, the first user. However, nations such as Russia, Indiaand China are likely to have a strong need for it in the future.
  • HEPA and ionic air purifiers retain more than half air purifier market share, with HEPA air purifiers in mind. HEPA filters are multi-layered meshes made up of tiny fiberglass threads, which are hit with high-pressure air to kill viruses.
  • Since ionic air purifiers do not have a filter, production costs are expected to drop in the coming years along with the emergence of new technologies, thus providing opportunities for product development for market players.
  • COVID-19 has prompted individuals to seek cleaner air, to reduce their risk of contracting the disease. Hence, the market has witnessed significant growth in 2020.
  • the Asia Pacific The region accounts for more than 40% of global revenue, due to its growing population, rapid urbanization and industrialization, and increasing disposable income. Besides, Bangladesh, Pakistanand India are among the countries with the worst air quality.
  • As a result, China dominates the market in the region, accounting for about half of the air purifier market share. Moreover, it serves as a production base for a large number of players and component suppliers, which leads to easy and cost-effective product availability.

Residential air purifiers held around 20% market share in 2021, and they are expected to grow at the highest rate during the forecast period. The growing popularity of smart homes and growing health awareness among individuals due to concerns about breathing contaminated air are both contributing to the rise in demand for these devices in this industry.

Browse the detailed report on Global Air Purifier Market Opportunities, Emerging Trends, Competitive Strategies and Forecast 2022-2030

To remain competitive, air purifier market In recent years, players have launched products with innovative features and technologies, as well as upgrading their product portfolios and expanding their businesses. The main manufacturers of these systems are Panasonic Corporation, Samsung Electronics Co. Ltd., Koninklijke Philips NV, Dyson Ltd., Honeywell International Inc., Daikin Industries Ltd., Whirlpool Corporation, IQAir, Sharp Corporation and LG Electronics.

Air Purifier Market Segmentation Analysis

By technology

  • HEPA
  • Ionic
  • Charcoal
  • Photocatalytic
  • Ultraviolet
  • Electrostatic precipitators

By app

  • Residential
  • Office spaces
  • Hotels
  • Hospitals
  • Airports
  • Educational institutes
  • Shopping centers
  • Gyms and fitness centers
  • Government centers

By region

  • North America
  • Europe
    • Germany
    • France
    • UK
    • Russia
    • Italy
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Australia
    • India
  • Latin America
    • Brazil
    • Mexico
    • Chile
    • Argentina
    • Colombia
  • Middle East and Africa
    • United Arab Emirates
    • Saudi Arabia
    • Turkey
    • South Africa
    • Egypt

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On P&S intelligence

P&S Intelligence is a provider of market research and advisory services serving the market intelligence needs of growing industries around the world. Providing the bedrock of market intelligence, P&S, as an enterprising research and advisory firm, believes in providing in-depth landscape analyzes on the ever-changing market scenario, to enable businesses to make decisions enlightened and base their business strategies on cunning.

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SOURCE P&S Intelligence

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