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Air Purifier Market Is Forecast To Reach $22.80 Billion By 2028 | Grand View Research, Inc.

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Air Purifier Market Is Forecast To Reach $22.80 Billion By 2028 | Grand View Research, Inc.

January 20
09:20 2022
Air Purifier Market Is Forecast To Reach $22.80 Billion By 2028 | Grand View Research, Inc.
Grand View Research, Inc. – Market Research And Consulting.
According to a new report published by Grand View Research, the market is expected to be driven by rising airborne diseases and increasing pollution levels in urban areas. Moreover, growing health consciousness, improving standards of living, and rising disposable income are expected to fuel the market growth.

Air Purifier Market Growth & Trends

The global air purifier market size is expected to reach USD 22.80 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.0% from 2021 to 2028. The market for air purifiers 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.

Lockdown measures to curb the spread of COVID-19, coupled with 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.

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Air Purifier Market Report Highlights

  • The HEPA technology segment accounted for the largest revenue share of 39.9% share in 2020 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 expand at the fastest CAGR from 2021 to 2028 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 the fastest CAGR of 19.5% 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

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Air Purifier Market Segmentation

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

Air Purifiers Technology Outlook (Revenue, USD Million, 2017 – 2028)

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

Air Purifiers Application Outlook (Revenue, USD Million, 2017 – 2028)

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

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

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Browse More Related Report: Smart Air Purifier Market Size, Share & Trends Analysis Report By Technology (HEPA Filter, Activated Carbon, Others), By Application (Commercial, Residential), By Region, And Segment Forecasts, 2019 – 2025

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States

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