Air Purifier Market is expected to reach US$ 26.90 billion by 2028

The air purifier market size is expected to reach at US$ 26.90 billion by 2028; registering at a CAGR of 9.8% between 2022 and 2028, according to a new research study conducted by The Insight Partners.

Rising Airborne Diseases and Increasing Pollution Levels in Urban Areas Catalyzing Air Purifier Market Growth

Source: The Insight Partners Analysis

Air pollution is a significant problem to public health worldwide. In developed economies such as the US and Europe, air pollution is severe and remains a considerable environmental and public health problem. Most countries are moving toward industrialization, leading to severe air pollution due to large-scale demolishment and reconstructions and intense energy consumption. They are increasing emissions from transportation in the process of industrialization and urbanization. Exposure to air pollution has many severe effects on public health. For example, in April 2022, according to the findings of the World Health Organization, almost 99% of the entire global population breathed air that exceeded WHO air quality limits, which is harmful to health. Moreover, in the surveyed 117 countries, the air in 17% of cities in high-income countries falls below the WHO’s Air Quality Guidelines for PM2.5 or PM10.

In low- and middle-income countries, air quality in less than 1% of the cities complies with WHO-recommended thresholds. Furthermore, in July 2022, ~2.4 billion people worldwide cook food using open fires or stoves fueled by kerosene, biomass, or coal, which generates harmful household air pollution. Household air pollution leads to non-communicable diseases such as ischemic heart disease, stroke, and lung cancer. For instance, according to the WHO, ~3.2 million people die annually, including over 237,000 deaths of children under the age of 5, due to household air pollution. Approximately seven million deaths occurred per year due to the effects of air pollution globally. Chronic respiratory diseases such as chronic obstructive pulmonary disease (COPD) and asthma usually occur due to the harmful effects of air pollutants which increase respiratory morbidity and mortality. Furthermore, according to the WHO, air pollution is estimated to cause about 29% of lung cancer deaths, 43% of COPD deaths, ~25% of ischemic heart disease deaths, and 24% of stroke deaths. According to World Health Organization data, 1.6 million people died from TB in 2021. TB is the 13th leading cause of death and the second leading infectious disease after COVID-19 worldwide. Thus, rising airborne diseases and increasing air pollution levels cause harmful health effects and deaths, fueling the need for air purifiers.

Based on technique, the air purifier market is segmented into high-efficiency particulate air (HEPA), ultraviolet germicidal irradiation (UVGI), activated carbon filtration, ionizer purifiers, and others. The high-efficiency particulate air (HEPA) segment is expected to dominate the market as HEPA filters have high quality and reliability to remove airborne particles such as pollen, smoke, dust, and biocontaminants. HEPA air purifiers can remove 99.7% of the airborne particulate matter (PM) circulating in the environment, which helps alleviate asthma symptoms. All these factors are contributing to the growth of the high-efficiency particulate air (HEPA) segment in the air purifier market.

Based on end user, the air purifier market is segmented into commercial, residential, and industrial. The commercial segment is expected to dominate the air purifier market as the commercial verticals are majorly adopting air purifiers for their facilities. Commercial applications of air purifiers include offices, healthcare facilities, hotels, educational centers, movie theaters, shopping malls, conference centers, and other recreational facilities. The ability of air purifiers to limit the spread of infectious diseases during the COVID-19 pandemic has boosted the demand for air purifiers in various healthcare facilities worldwide, thereby contributing to the growth of the commercial segment in the air purifier market.

North America holds the largest share of the global air purifier market. National ambient air quality standards by the US EPA, the US Clean Air Act, and other policies for emission reduction by economies in North America are expected to contribute to the growth of the market in North America. Moreover, Asia Pacific is expected to grow at the highest CAGR in the global air purifier market, owing to factors such as rapid industrialization and urbanization, rise in population, and increased disposable income. Moreover, rising air pollution levels in countries such as India and China are expected to increase the adoption of air purifiers, thereby contributing to the air purifier market growth in Asia Pacific.

Honeywell International, Inc.; Koninklijke Philips N.V.; Unilever PLC; Sharp Electronics Corporation; Samsung Electronics Co., Ltd.; LG Electronics; Panasonic Corporation; Whirlpool Corporation; Dyson; and Carrier are among the key market players profiled during the air purifier market study. Several other major market players were studied and analyzed during this research study to get a holistic view of the air purifier market and its ecosystem.

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