Asia-Pacific Air Purifier Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Air Purifier Market Analysis
The Asia-Pacific air purifier market is expected to register a CAGR of more than 4% during the forecast period.
The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns, leading to a decrease in demand for air purifiers. The market has currently rebounded from the effects of COVID-19.
- The Asia-Pacific air purifier market is likely to be driven by things like air quality getting worse and how that affects people's health.
- But the Asia-Pacific air purifier market is likely to be held back by the fact that some purifiers release ozone and other dangerous byproducts.
- The increasing actions taken by the countries in the region, such as India and South Korea, to make the air breathable are expected to create several opportunities for the Asia-Pacific air purifier market in the future.
Due to its increasing urbanization, which makes the cities more populated, China is expected to be the largest market for the Asia-Pacific air purifier during the forecast period.
Asia-Pacific Air Purifier Market Trends
Residential Segment Expected to Dominate the Market
- Residential air purifiers are devices designed for domestic use. These devices are used to remove harmful contaminants from the air in the room. These contaminations mainly include but are not limited to dust, pollens, and smoke.
- Air pollution is a growing risk factor for poor health in the area, and it is a big reason why there are so many diseases. Poor air quality is a problem in both rural and urban areas. Many cities in the region are suffering from dangerous pollution levels due to increasing industrial activities, which is likely going to drive the air purifier market in the region.
- In 2021, the total carbon dioxide emission in Asia-Pacific was about 19,978.7 million metric tons (MT), which was higher than the region's release in 2020, 19,004.7 MT. Carbon dioxide emissions in the region are going up because coal, crude oil, and natural gas are used for a lot of different things. When these things are burned, they release carbon dioxide and other harmful gases into the air.
- In India, the government and other groups have paid more attention to cleaning up household air pollution in the past few years.Several government initiatives have been launched in the past few years to reduce air pollution. This is likely going to drive the air purifier market in the country.
Due to the above reasons, it seems likely that the residential segment will lead the Asia-Pacific air purifier market during the forecast period.
China Expected to Dominate the Market
- China, due to the rapidly increasing energy demand and an increasing number of commercial and industrial operations, causes the release of a large number of harmful gases and pollutants into the air. The country is likely to be the largest market for air purifiers in Asia-Pacific.
- Moreover, over the past two decades, China has been instrumental in driving the manufacturing sector globally. The country is a global leader in the steel, chemical, power, and cement industries and is among the top players in the petrochemical and refining industries. Such industries mostly release a vast amount of carbon dioxide and other harmful gases into the atmosphere, which may cause several health-related issues.
- In 2021, China's coal consumption was 86.17 Exajoules, which was about 67.5% of the total coal consumption of the Asia-Pacific. China's increasing share of coal consumption, which releases carbon dioxide and other gasses on burning, directly affects the country's air quality and is likely to drive the air purifier market in the country.
- Rapid industrialization and urbanization are leading to high pollution levels in major cities across China. The Ministry of Environmental Protection imposed stringent anti-pollution targets on 28 cities around Beijing, increasing the number of air purifiers installations in most residential, commercial, and industrial buildings across these cities.
- Hence, owing to the above points, China is expected to dominate the Asia-Pacific air purifier market during the forecast period.
Asia-Pacific Air Purifier Industry Overview
The Asia-Pacific air purifier market is fragmented. Some of the key players in this market (in no particular order) include Daikin Industries Ltd, Dyson Ltd, Koninklijke Philips NV, IQAir, and Panasonic Corporation.
Asia-Pacific Air Purifier Market Leaders
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Daikin Industries Ltd
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Dyson Ltd
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Koninklijke Philips NV
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IQAir
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Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Air Purifier Market News
- November 2022: Havells Studio launched a new product, the Meditate air purifier. The company said the air purifier is tested and verified by Equinox Lab for efficacy against the removal of hazardous gaseous pollutants as well as microorganisms like bacteria, viruses, and fungal strains.
- November 2022: Samsung launched two new purifiers in India. According to the company, the new air purifiers-AX46 and AX32-have been designed to remove 99.97 percent of nano-sized particles, ultrafine dust, bacteria, and allergens.
Asia-Pacific Air Purifier Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Force Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Filtration Technology
5.1.1 High-efficiency Particulate Air (HEPA)
5.1.2 Other Technologies
5.2 Type
5.2.1 Stand-alone
5.2.2 In-duct
5.3 End User
5.3.1 Residential
5.3.2 Commercial
5.3.3 Industrial
5.4 Geography
5.4.1 China
5.4.2 India
5.4.3 Japan
5.4.4 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Company Profiles
6.3.1 Daikin Industries Ltd.
6.3.2 Honeywell International Inc.
6.3.3 LG Electronics Inc.
6.3.4 Unilever PLC (erstwhile BlueAir AB)
6.3.5 Dyson Ltd.
6.3.6 Whirlpool Corporation
6.3.7 Panasonic Corporation
6.3.8 Koninklijke Philips NV
6.3.9 IQAir
6.3.10 Samsung Electronics Co. Ltd.
6.3.11 Xiaomi Corp.
6.3.12 AllerAir Industries Inc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Asia-Pacific Air Purifier Industry Segmentation
An air purifier moves the air in a room. It has filters that catch dust and gases. An air purifier needs to move enough air and have high-efficiency filters in order to function properly. The Asia-Pacific air purifier market report is segmented by filtration technology, type, end-user, and geography. By filtration technology, the market is segmented into high-efficiency particulate air (HEPA) and other technologies. By type, the market is segmented into stand-alone and in-duct. By end-user, the market is segmented into residential, commercial, and industrial. The report also covers the market size and forecasts for air purifiers across the major countries in the region. For each segment, market sizing and forecasts have been done based on revenue (USD billion).
| Filtration Technology | |
| High-efficiency Particulate Air (HEPA) | |
| Other Technologies |
| Type | |
| Stand-alone | |
| In-duct |
| End User | |
| Residential | |
| Commercial | |
| Industrial |
| Geography | |
| China | |
| India | |
| Japan | |
| Rest of Asia-Pacific |
Asia-Pacific Air Purifier Market Research FAQs
What is the current Asia-Pacific Air Purifier Market size?
The Asia-Pacific Air Purifier Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Air Purifier Market?
Daikin Industries Ltd, Dyson Ltd, Koninklijke Philips NV, IQAir and Panasonic Corporation are the major companies operating in the Asia-Pacific Air Purifier Market.
What years does this Asia-Pacific Air Purifier Market cover?
The report covers the Asia-Pacific Air Purifier Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Air Purifier Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia Pacific Industrial Air Filtration Industry Report
Statistics for the 2024 Asia Pacific Industrial Air Filtration market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia Pacific Industrial Air Filtration analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
