Published Date : 13 Nov 2023
The global air purifier market size surpassed USD 10.21 billion in 2022 and is projected to rise to USD 22.84 billion by 2030, anticipated to grow at a CAGR of 10.6 percent during the projection period from 2022 to 2030.
The air purifier is generally utilized to sanitize the air and to remove pollutants and impurities. The air purifier's main objective is to circulate air in the room and remove airborne chemical substances permanently from the air. The air purifier also helps in removing the harmful bacteria that cause allergic symptoms and sickness. Increasing pollution rates and vehicle traffic intensify air pollution and decrease air quality. The rising rate of global warming due to the increasing instances of air pollution is impacting health, especially in developing countries that carry major industries. Such instances create a significant demand for a sustainable system or gadgets that can balance the air quality.
Increasing vehicle traffic is one of the major reasons behind the air pollution that is driving the need for air purifiers in vehicles. Increasing demand from cities like Mumbai, Delhi, Chennai, Kolkata, Pune, and Ahmedabad for vehicle air purifiers is observed to promote the market’s expansion in the upcoming years.
Asia Pacific dominated the air purifier market with a significant market share in 2022. The region will continue its dominance in the market owing to the higher population in the countries like India, and China. Additionally, rapid urbanization and industrialization continuously lower the air quality resulting in severe health issues in the geriatric population and children. Increasing chemical or other industrial investments in the region due to the growth in the Asian countries are resulting in a higher rate of pollution in the environment and a decreasing level of breathable air, the increasing number of respiratory disease due to the air quality is driving the demand for the air purifier market across the region.
The continuous drop in the air quality in India is promoting the demand for air purifiers. The current Air Quality Index (AQI) of the major city is dropping with 469 in Delhi, 157 in Mumbai, and 353 in Kolkata.
The sales of air purifiers have suddenly increased due to the worsening of the quality of air in the national capital Delhi and the adjoining areas. Companies like Kent RO, Philips, Daikin, and Xiaomi are anticipating to uptick the demand in the upcoming days due to the impact on the air quality by the construction sector and health awareness among the population.
|Market Revenue in 2023||USD 11.27 Billion|
|Projected Forecast Revenue by 2030||USD 22.84 Billion|
|Growth Rate from 2022 to 2030||CAGR of 10.6%|
|Largest Market||Asia Pacific|
|Forecast Period||2022 to 2030|
|Regions Covered||North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa|
Rising respiratory disease
Lowering the breathing air quality directly impacts the health of the human body, continuous air pollution due to urbanization and industrial development is highly infecting the air quality and making it more harmful day by day. As per several studies, there is an increase in respiratory and lung diseases like asthma, lower respiratory infection, strokes, etc. in all age groups due to pollution is driving the demand for the air purifier market across the world.
Rapid industrialization across the globe is highly impacting air quality. Increasing technological growth increasing population and rising need for their requirements are contributing to the development of the industries. Releasing chemical fumes or waste of the industries into the air results in the adulteration of harmful chemicals into the air which will be highly infectious in the environment. Rising concern about health and the environment is driving the demand for the air purifier market.
Air purifiers are considered one of the most expensive gadgets or technology. However, it cannot be affordable for medium and small-income households restraining the growth of the air purifier market. The deployment of advanced solutions and overall cost of raw material usually add up to the final cost of air purifier system. High cost of gadgets generally create consumer skepticism that can cause a major restraint for the market.
The air filter in the air purifier requires regular maintenance, the air purifier does not work with the dirt on its filter thus the filter needs to be regularly cleaned and replaced. On the other hand, the filter and other parts of the air purifier are expensive to be replaced often, this creates consumer skepticism. Thereby, the factor of regularly maintaining the air purifier creates a restraint for the industry to expand.
Rising demand for industrial air purifier
Increasing industrialization results in rising air pollution in the environment. Air filtration is taking major importance in production and manufacturing sites since it can protect the health of the employees and company assets and also keep indoor air clean and safe. There are several benefits of industrial air purifiers including optimal equipment life and providing employees with safe healthy breathable air. Industrial air purifiers remove harmful particles from waste gases at power-generating stations or industrial facilities. There are several types of solutions in the industrial air purifier such as Electrostatic Precipitators (ESPs), UVGI Air Purification Technology, Molecular Industrial air purification technology, HEPA & ULPA Filtration Technology.
Air purifiers in healthcare facilities
Rising air purifier demand from healthcare centers like doctors’ offices, clinics, diagnostic centers, and pathology labs due to the frequent visits of people with sickness or any other disease having higher chances of concentration of contaminants in the air. Technological advancement in the air purifier market is owing to the latest portable, and unobtrusive products in air purifiers which can purify the air in the waiting room, pathologies, dental operatory, or examination room and can remove the contaminant, airborne, surface pollution, and germs on the place. Higher quality air purifiers make the medical facilities environment clean, and safer. The increasing adaptation of air purifiers by medical facilities is creating a significant market opportunity for the air purifier market.
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