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Air Purifier Market Size (2024 - 2029)

The air purifier market is projected to experience significant growth over the forecast period, driven by factors such as the increasing prevalence of airborne diseases, rising industrial emissions, and heightened consumer health awareness. Despite technological advancements, the perception of air purifiers as luxury items in underdeveloped and emerging economies, due to high installation and maintenance costs, poses a challenge to market expansion. The Asia-Pacific region, particularly countries like Bangladesh, India, and Vietnam, is anticipated to lead the market, with growing air pollution presenting both challenges and opportunities for market development.

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Market Size of Air Purifier Industry

Air Purifier Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 16.83 Billion
Market Size (2029) USD 23.60 Billion
CAGR (2024 - 2029) 7.00 %
Fastest Growing Market Europe
Largest Market Asia Pacific

Major Players

Air Purifier Market Major Players

*Disclaimer: Major Players sorted in no particular order

Air Purifier Market Analysis

The Air Purifier Market size is estimated at USD 16.83 billion in 2024, and is expected to reach USD 23.60 billion by 2029, at a CAGR of 7% during the forecast period (2024-2029).

  • Factors such as increasing airborne diseases, rising emissions due to industrial activities, and growing consumer health consciousness are driving the market.
  • On the other hand, despite the various technological developments, air purifiers have been perceived as a luxury item in both underdeveloped and emerging economies, particularly in the commercial and residential segments, owing to the high installation and maintenance costs. This, in turn, is expected to hinder the market's growth.
  • Growing air pollution in the densely populated Asia-Pacific region has emerged as a significant challenge, damaging the environment, public health, and agricultural crop yields. However, such problems will likely create several future opportunities for the air purifier market.
  • Asia-Pacific is expected to dominate the market during the forecast period, with most of the demand coming from countries like Bangladesh, India, and Vietnam.

Air Purifier Industry Overview

The market is segmented by filtration technology, type, end user, and geography. The market is segmented into high-efficiency particulate air (HEPA) through filtration technology. By type, the market is segmented into stand-alone and in-duct. By end users, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for the air purifier market across the major regions (Asia-Pacific, Europe, North America, South America, and Middle East and Africa). The market sizing and forecasts for each segment are based on revenue (USD Billion).

Filtration Technology
High-efficiency Particulate Air (HEPA)
Other Filtration Technologies (Electrostatic Precipitators (ESPs), Ionizers and Ozone Generators, etc.)
Type
Stand-alone
In-duct
End User
Residential
Commercial
Industrial
Geography
North America
United States
Canada
Rest of North America
Europe
United Kingdom
Germany
Spain
NORDIC
Russia
Turkey
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
United Arab Emirates
Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
Rest of Middle East and Africa
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Air Purifier Market Size Summary

The air purifier market is poised for significant growth, driven by increasing concerns over airborne diseases, industrial emissions, and heightened consumer awareness about health. Despite technological advancements, the perception of air purifiers as luxury items in developing and emerging economies, due to high installation and maintenance costs, poses a challenge to market expansion. However, the escalating air pollution, particularly in the densely populated Asia-Pacific region, is expected to create substantial opportunities for market players. The region is anticipated to lead the market, with countries like Bangladesh, India, and Vietnam contributing significantly to demand.

The market is characterized by a focus on high-efficiency particulate air (HEPA) technology, which is expected to dominate due to its effectiveness in removing airborne particles and pathogens. Companies are innovating to meet the rising pollution levels, with new product launches such as ISO-Aire's RSF500 and Nirvana's Micro-electrostatic precipitator technology-based purifier. The fragmented market includes key players like Daikin Industries, Sharp Corporation, IQAir, LG Electronics, and Dyson, who are continuously enhancing product features to boost sales. The growing demand in Asia-Pacific, driven by industrialization and urbanization, further underscores the region's dominance in the air purifier market during the forecast period.

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Air Purifier Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2029

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitute Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Filtration Technology

      1. 2.1.1 High-efficiency Particulate Air (HEPA)

      2. 2.1.2 Other Filtration Technologies (Electrostatic Precipitators (ESPs), Ionizers and Ozone Generators, etc.)

    2. 2.2 Type

      1. 2.2.1 Stand-alone

      2. 2.2.2 In-duct

    3. 2.3 End User

      1. 2.3.1 Residential

      2. 2.3.2 Commercial

      3. 2.3.3 Industrial

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 Germany

        3. 2.4.2.3 Spain

        4. 2.4.2.4 NORDIC

        5. 2.4.2.5 Russia

        6. 2.4.2.6 Turkey

        7. 2.4.2.7 Italy

        8. 2.4.2.8 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 India

        3. 2.4.3.3 Japan

        4. 2.4.3.4 Malaysia

        5. 2.4.3.5 Thailand

        6. 2.4.3.6 Indonesia

        7. 2.4.3.7 Vietnam

        8. 2.4.3.8 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Colombia

        4. 2.4.4.4 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 United Arab Emirates

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 South Africa

        4. 2.4.5.4 Nigeria

        5. 2.4.5.5 Qatar

        6. 2.4.5.6 Egypt

        7. 2.4.5.7 Rest of Middle East and Africa

Air Purifier Market Size FAQs

The Air Purifier Market size is expected to reach USD 16.83 billion in 2024 and grow at a CAGR of 7% to reach USD 23.60 billion by 2029.

In 2024, the Air Purifier Market size is expected to reach USD 16.83 billion.

Air Purifier Market Report Snapshots

Air Purifier Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)