The global air purifier market size is projected to reach USD 14.79 billion by 2025, according to a new report by Grand View Research, Inc. expanding at a CAGR of 10.7% over the forecast period. Rising prevalence of health problems related to pollution in the emerging economies is forecast to drive the demand for the industry over the forecast period.
Increasing airborne diseases and rising pollution level are anticipated to be the key factor behind the growth of the market over the forecast period. A burgeoning population, improved standard of living and increased health consciousness worldwide has been fueling the demand for air purifiers. Several international organizations have set standards and regulations as well as issued guidelines, which are expected to drive the industry.
Air purifiers are now being considered a necessity in developed countries; however, they are considered a luxury good in developing countries such as India. The overall cost associated with the purchase and maintenance of these products is high, which proves to be a deterrent for many consumers and acts as a challenge for industry growth.
Key challenges faced by the market are the emission of ozone gas which affects the lungs, causing shortness of breath, and chest pain among other problems. A few international boards & governments have declared retraction on indoor cleaning devices which produce ozone gas beyond the limit.
Asia Pacific emerged as the leading market with 34.0% revenue share in 2018 and dominated the industry due to several factors including rapid urbanization and industrialization, followed by North America and Europe. North America is expected to surpass USD 4.00 billion by 2025 owing to various environmental protection laws and increasing awareness to curb pollution.
To request a sample copy of this report, click the link below:
Further key findings from the report suggest:`
- In terms of value, the air purifier market is anticipated to reach USD 14.79 billion by 2025, on account of factors such as rising health concerns, deteriorating indoor air quality, and changing lifestyle preferences among consumers
- HEPA technology is expected to dominate the market by 2025. The segment is expected to lose its market share to the ionic filter and the activated carbon segments owing to new product innovation and growing R&D.
- Asia Pacific held the largest share in 2018 and is anticipated to register significant growth over the next seven years owing to rising demand for HEPA purifiers on account of its enhanced efficiency and effectiveness.
- The air purifier market in the U.S. is anticipated to reach USD 3.23 billion by 2025. Increasing consumer consciousness regarding health issues & improved living standard has facilitated manufacturers to increase production of products for various applications.
- The global market is fragmented with the presence of a numerous market participants. However, the market is dominated by big giants such as Panasonic Corporation, Unilever PLC, Honeywell International, Inc., and LG Electronics, Inc.
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, 2014 - 2025)
- High Efficiency Particulate Air
- Activated Carbon
- Ionic Filters
- Others
Air Purifier Applications Outlook (Revenue, USD Million, 2014 - 2025)
- Commercial
- Residential
- Industrial
Air Purifier Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
