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Global Air Purifier Market to Grow at a CAGR of 10% During 2021-2026, Aided by the Rising Concerns Regarding Surging Air Pollution

According to a new report by EMR titled, ‘Global Air Purifier Market Report and Forecast 2021-2026’, the market attained a value of about USD 11.2 billion in 2020. The industry is further expected to grow at a CAGR of 10% in the forecast period of 2021-2026.

The rising health awareness among consumers regarding the ill-effects of air pollution and the high prevalence of novel air borne diseases during the coronavirus pandemic is leading the industry growth.  The presence of harmful carcinogenic radon gas and asbestos particles, which can cause various lung diseases and cancer, is eliminated by an air purifier, consequently propelling the industry growth. Additionally, the surging demand for air purifiers after the reopening of schools, colleges, and offices, to combat the virus is further invigorating the market growth.  Evolving lifestyle preference and rising consumer awareness regarding the benefits of air purifiers, especially among the young generation, is invigorating the market growth. The increasing commercial applications of air purifier in hotels, offices, hospitals, and educational institutions to remove allergens, airborne pathogens, smoke, and odours are also augmenting the market growth for air purifier.

The development of advanced products by major companies to provide better air quality is augmenting the market growth. LG Corporation (KRX: 066570), one of the leading players in the industry, introduced PuriCare™ Wearable Air Purifier in IFA in August 2020. The purifier employs the latest technology of H13 HEPA filters to supply fresh and clean air both indoor and outdoor. Its patented respiratory sensor detects the cycle and volume of the wearer’s breath and adjusts the dual three-speed fans accordingly. Furthermore, the purifier fits snugly on the user’s face, which can be worn comfortably for hours. It can also send a notification to the mobile app when the replacement of filters is required. Moreover, all the components of the product are made of recyclable materials. Such innovations are expected to aid the market growth.

Market Analysis by Mounting Type, Technology, Application, and Region:

  • The market, on the basis of mounting type, can be divided into fixed and portable.
  • Based on technology, the industry can be divided into high-efficiency particulate air (HEPA), activated carbon, and ionic filters, among others.
  • The applications for air purifier include commercial, residential, and industrial.
  • The regional markets for air purifier include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The alarming surge of pollution levels and rising awareness regarding the ill-effects of air pollution is driving the market growth.
  • The market is aided by the stringent government policies regarding emission and air pollution from the industrial sector, which is increasing the demand for air purifier.
  • The rise of wildfires and smog in various regions around the world is raising the demand for air purifier in residential and commercial usage, hence augmenting the market growth.
  • Recent researches regarding the air-borne spread of the coronavirus and the use of air purifiers to reduce air-borne containments are propelling the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global air purifier market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the mounting types, technologies, applications, and regions of air purifier.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for air purifier are Honeywell International, Inc., Camfil AB, Samsung Electronics Co., Ltd, Sharp Electronics Corporation, LG Corporation, and Blue Star Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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