Air Purifier Market will Grow at a CAGR of 9.18% during 2023-2030

Overview:

An air purifier is a device that removes contaminants from the air to improve indoor air quality. These devices are usually marketed as being useful to allergy and asthma patients, as well as reducing or eliminating second-hand cigarette smoke. Dust, mould spores, pollen, and dust mite faeces are all allergens that can cause allergies in sensitive persons. VOCs (volatile organic compounds) and smoke particles can be hazardous to one's health. When many components, such as VOCs, are exposed, the chance of sick building syndrome symptoms increases.

Market Size and Future Apprehension:

According to the most recent DataM Intelligence analysis, the worldwide “Air Purifier Market” is expected to grow at a CAGR of 9.18% during the forecast period 2022-2029.

To get more insights into the market report, and research methodology kindly download our?Sample Report

Market Dynamics:

Drivers:

-Increasing Environmental Pollution Concerns

As the globe has grown increasingly globalised, the development of public and private infrastructure has increased, with major nations undertaking huge building projects to create seaports, airports, transit infrastructure, and housing. Unfortunately, these initiatives have raised pollution levels due to the loss of forest cover. In addition, the usage of air conditioners in residential and commercial buildings is growing, which contributes to particulate matter emissions. As a result, global demand for air purifiers is increasing. Thus, rising environmental pollution concerns are propelling the air purifier market throughout the projected period.

Restraints:

The air purification sector is largely driven by customer requirements. Manufacturers of air purifiers function by gathering information about their clients' wants and requirements. Consumer expectations, on the other hand, are continually shifting since they desire extra advantages in addition to the product's basic tasks. Cooling capabilities should be included in residential air purifiers, for example, to provide allergen-free breathing. At the same price as a basic air purifier, consumers choose added features such as fine particle filters and ozone control applications. As a result, the high R&D costs are limiting the growth of the air purifier market over the projected period.

Market Opportunities:

-Surge in demand for mechanical air purifiers

Mechanical air filters impede dust particles and draw them to the filter surface, where they are collected and removed from the environment. Mechanical filters have increased in popularity due to their capacity to prevent dust and debris from accumulating in mechanical sections of heating and air conditioning systems. As a result, the spike in demand for mechanical air purifiers is offering attractive prospects for the air purifier market to develop.

Challenges:

-Technical Limitations

Most portable or stand-alone air purifiers can only monitor air quality in a short area and do not support three-dimensional data gathering. Many air quality monitoring systems employ passive monitoring sensor nodes instead of active monitoring sensor nodes, which demand frequent and human data updates. Active monitoring sensor nodes can collect, send, and store data automatically over wireless or other networks. Specific air purifiers may suffer from technological restrictions in the absence of active monitoring sensor nodes, restricting their acceptance and, to some extent, market growth.

Covid-19 Impact:

Because of increased product knowledge, the COVID-19 epidemic increased demand for air purifiers from the home sector in various nations. However, the pandemic had a negative impact on the business sector, which is a big end-user of air purifiers, resulting in a drop in demand.

Some of the major countries covered in the global report such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.

Segmentation Analysis:

The global Air Purifiers market is segmented based on Technology, application, region

By Technology:

·????????Activated Carbon

·????????High Efficiency Particulate air

·????????Ionic Filters

·????????Others

By Application:

·????????Residential

·????????Commercial

·????????Industrial

By Region:

·????????North America

·????????Europe

·????????Asia Pacific

Competitive Analysis:

There are various international and local markets in the global air purifier industry. Businesses compete on pricing, product specs, innovation, and market presence. Some of the competitive companies in Air Purifies market are

·????????Honeywell International Inc.

·????????Daikin Industries, Ltd

·????????Koninklijke Philips

·????????Guardian Technologies

·????????Xiaomi Corporation

·????????Blue Air India Pvt Ltd

·????????Camfil AB

·????????Woongjin Coway Co.

·????????Whirlpool Corporation

·????????Americair Corporation

Regional Analysis:

In terms of region, North America is the largest section of the air purifier market. The increasing need for air purifiers in the facility from the industrial units would raise regional demand. The air purifier market in the United States will expand due to increased demand from the commercial sector, which will be propelled by the growing risk of illness from airborne particles.

Recent Developments:

·????????In 2022 - LG Electronics announced plans to launch the updated and enhanced PuriCare Wearable Air Purifier in Qatar in February 2022. It has a completely automated fan airflow control system that improves breathing comfort, as well as two H13 HEPA filters.

·????????In 2021 - Philips India announced a new 3-in-1 multipurpose air purifier with three modes: cleanse, heat, and fan in December 2021. It features a three-layer HEPA filtration system.

Contact Us:

Sai Kiran

DataM Intelligence 4Market Research LLP

+1 877–441–4866

[email protected]