Air Purifier Market Size Worth $25.97 Billion by 2030 | CAGR: 8.1%: Grand View Research, Inc.

SAN FRANCISCO, Feb. 24, 2022 /PRNewswire/ -- The global air purifier market size is expected to reach USD 25.97 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.1% from 2022 to 2030. The market is primarily driven by increasing air pollution levels, coupled with the outbreak of the COVID-19 pandemic and the rising awareness pertaining to the benefits of air purifiers. Air purifiers assist in eliminating various health hazards caused by poor air quality by removing contaminants, including dust, smoke, and pollen. In addition, these products aid people suffering from asthma, airborne allergies, and other respiratory conditions. Thus, increasing health awareness among consumers is expected to drive the product demand over the forecast period.

Key Insights & Findings from the report:

• The HEPA technology segment held the largest revenue share of over 40.0% in 2021 owing to the high efficiency of HEPA filters in removing airborne particles as compared to other technologies, thereby augmenting its penetration in the market.
• The commercial application segment is expected to witness significant growth from 2022 to 2030 on account of the growing demand for air purifiers in hospitals, universities, and government facilities amidst the COVID-19 pandemic.
• In the APAC market, Malaysia is likely to expand at a significant CAGR of 12.7% over the forecast period on account of worsening air quality due to urbanization and seasonal haze, coupled with the increasing health awareness and a growing emphasis on good indoor air quality.
• In September 2020, MANN+HUMMEL introduced two new high-performance room air purifiers, namely OurAir TK 850, which is suitable for filtering the air in indoor spaces of up to 70 m², and the OurAir SQ 2500, which is ideal for spaces up to 200 m².

Read 152-page market research report, "Air Purifier Market Size, Share & Trends Analysis Report By Technology (HEPA, Activated Carbon, Ionic Filters), By Application (Commercial, Residential, Industrial), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Air Purifier Market Growth & Trends

Lockdown measures to curb the spread of COVID-19 and the stay-at-home and work-from-home norms have boosted the demand for air purifiers in residential applications. Furthermore, the demand for air purifiers increased in healthcare and other commercial facilities amidst the pandemic owing to their ability to limit the spread of infectious diseases. New product developments and technological advancements amid the COVID-19 pandemic are anticipated to augment the market growth. For instance, in September 2020, Aurabeat Technology Limited, a Hong Kong-based company, introduced Aurabeat AG+ Silver Ion Plasma Sterilization Air Purifier, which can eliminate more than 99.9% of COVID-19 within 30 minutes.

Wildfires and stubble burning that are increasingly found in the U.S., Australia, and India are some of the key reasons for causing air pollution. The smoke has several health implications such as eye and respiratory tract infection, lung infection, bronchitis, and heart failure. This has prompted consumers to buy air purifiers and is likely to augment the market growth over the forecast period. The pandemic provided an opportunity for companies with higher cashflows to acquire air purifier companies resulting in increased activity in the market. For instance, in November 2021, iRobot Corporation acquired Aeris Cleantec AG in a USD 72 Million all-cash deal in a bid to strengthen its portfolio of intelligent home innovation solutions.

Air Purifier Market Segmentation

Grand View Research has segmented the global air purifier market on the basis of technology, application, and region:

Air Purifier Technology Outlook (Revenue, USD Million, 2017 - 2030)

• High Efficiency Particulate Air (HEPA)
• Activated Carbon
• Ionic Filters
• Others

Air Purifier Application Outlook (Revenue, USD Million, 2017 - 2030)

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

Air Purifier Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Asia Pacific
• China
• Japan
• South Korea
• Singapore
• Malaysia
• Central & South America
• Brazil
• Middle East & Africa
• Saudi Arabia

List of Key Players of Air Purifier Market

• Honeywell International, Inc.
• IQAir
• Koninklijke Philips N.V.
• Unilever PLC
• Sharp Electronics Corporation
• Samsung Electronics Co., Ltd.
• LG Electronics
• Panasonic Corporation
• Whirlpool Corporation
• Dyson
• Carrier

Check out more related studies published by Grand View Research:

• Smart Air Purifier Market - The global smart air purifier market size is expected to reach USD 4.71 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 12.2% during the forecast period. Rising efforts to eradicate airborne diseases and to maintain clean and healthy environment are anticipated to drive the growth. Rise in pollution levels across the world is a major factor driving the demand for anti-pollution products including smart air purifiers.
• Residential Air Purifier Market - The global residential air purifier market size is anticipated to reach USD 6.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2022 to 2030. The market participants compete based on various parameters, including product performance, technical competence, price, quality, and corporate reputation. New product launches, technological investments, licensing agreements, and mergers and acquisitions are some of the strategies adopted by the participants to gain market share and strength their position in the market.
• Filters Market - The global filters market size is expected to reach USD 112.87 billion by 2030, registering a CAGR of 5.1% over the forecast period, according to a new report by Grand View Research, Inc. Growing demand from the automobile industry for the reduction of emission levels, owing to the regulations by several agencies, such as the U.S. Environment Protection Agency (EPA) and the Department of Energy, is expected to drive the market over the forecast period.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Grand View Pipeline
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg