Honeywell International, Inc., Camfil, Samsung Electronics Co., Ltd, Sharp Electronics Corporation, LG Corporation, and Blue Star Limited among others, are the major players in the global air purifier market.
The global air purifier market is expected to grow at a CAGR of about 10% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is primarily expected to be driven by the increasing pollution levels across the globe.
An air purifier is a device that is used to eliminate contaminants like pollen and dust for purifying air. It is used to improve the standard of air while restricting the spread of harmful remnants. Air purifiers sanitise the air by eliminating pollutants, allergens, and toxins, thus reducing the risk of transmission of airborne diseases.
The growing industrialisation and urbanisation in both developing and developed countries is significantly surging pollution levels across the globe. Such trends are driving the utilisation of air purifiers to reduce the prevalence of airborne and respiratory diseases. Air purifiers also improve quality of life and increase life expectancy by removing airborne matter and pollutants; hence, they are preferred in indoor spaces.
The rapid climate change and the rising prevalence of wildfires and smog, among others, are also fuelling the market growth. Moreover, the introduction of various favourable initiatives by governments across the globe to surge the awareness regarding the negative health impact of air pollution is increasing the demand for air purifiers. With the surge of the coronavirus outbreak, the demand for air purifiers that can neutralise microbes is growing. Various government bodies are also recommending air purifiers to reduce airborne contaminants in an indoor confined space, further boosting the market growth.
One of the leading companies in the air purifier market, Sharp Corporation, along with the Kyoto Institute of Technology, confirmed the effectiveness of air purifiers in delivering Plasmacluster ions on airborne virus droplets in September 2020. Meanwhile, in November 2021, Bluestar launched an air conditioner with built-in air purifiers to improve the quality of life of consumers.
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|Headquarters:||North Carolina, United States|
Honeywell International Inc. is a global company that manufactures products in building technologies, performance materials and technologies, aerospace, and safety and productivity solutions sectors. The company has 110,000 people working globally and had a revenue of USD 34.4 billion as of 2021.
The Camfil Group is a manufacturer of clean air products and filters. Camfil is also a specialist in global air filtration and offers solutions in areas of air pollution control, power systems, and molecular contamination control. With an employee base of 5,200 and 31 manufacturing sites, the company reached net sales of SEK 9.8 billion in 2021.
|Headquarters:||Suwon, South Korea|
Samsung is a major manufacturer of electronic products and their components such as phones, televisions, semiconductors, and image sensors, among others. It is one of the world's largest electronic device companies. It has over 260,000 employees and more than 230 global bases in over 74 countries and attained revenue of KRW 279.6 billion in 2021.
Sharp Corporation is a Japanese multinational corporation majority-owned by the Taiwan-based Foxconn Group. It mainly manufactures electronic goods and components and telecommunication equipment. The company has about 50,000 employees worldwide and attained consolidated sales of JPY 2,495,588 million in 2021.
|Headquarters:||Seoul, South Korea|
LG is a leading consumer electronics and technology company that offers diverse products ranging from televisions to automotive components and service robots. The company has four major divisions, namely, Home Entertainment (HE), Business Solutions (BS), Vehicle Component Solutions (VCS), and Home Appliances and Air Solutions (H&A). It has more than 75,000 employees in its workforce in over 80 countries and its global sales reached more than USD 63 billion in 2021.
Blue Star Limited, based in India, is a company that manufactures and develops a wide range of products related to air conditioning and refrigerators. It has 2621 employees and has a revenue of INR 60.45 billion in 2021. The company has a wide presence across 900 towns in India and boasts of 5 modern manufacturing facilities, 31 offices, and 3950 channel partners.
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.