Press Release

Global Portable Air Purifier Market to Grow at a CAGR of 11.5% During 2021-2026, Aided by Alarming Pollution Levels

Global Portable Air Purifier Market

According to a new report by EMR titled, ‘Global Portable Air Purifier Market Report and Forecast 2021-2026’, the market attained a value of about USD 9,514 million in 2020. The industry is further expected to grow at a CAGR of 11.5% in the forecast period of 2021-2026 to reach a value of nearly USD 18,281 million by 2026.

The Asia Pacific region is witnessing robust growth due to rapid industrialisation and urbanisation. The deteriorating air quality in countries such as India, China, and Indonesia, owing to alarming pollution levels, is surging the use of portable air purifiers, hence aiding the market growth. Moreover, the emergence of the middle class, with enhanced living standards and inflated per-capita income, is increasing the use of portable air purifiers, which is propelling the industry growth. The rising awareness regarding the adverse effects of polluted air is also augmenting the market growth of portable air purifiers in the region. Technological advancements and rapid adoption of the latest technologies in countries such as South Korea, Singapore, and Japan is accelerating the market growth, thereby contributing to the overall industry growth.

Coway Co., Ltd (KRX: 021240), one of the leading companies in the market, in April 2021 launched the Coway Airmega 250, which is its newest and most budget-friendly premium air purifier model. It has enhanced 99.999% filtration for rooms up to 930 square feet. A purifier is a perfect option for consumers that require a minimalist and compact design as well as an advanced filtration model for larger room sizes. The filtration of the purifier is the company’s most powerful system yet, with a washable pre-filter, and certified Green True HEPA filter technology to enhance the comfortability of consumers while providing cleaner air. The purifier is designed for easy filter maintenance with a washable EZ Release pre-filter to capture particles such as hair, fur, and dust. The development of such products is expected to fuel the market growth.

Market Analysis by Type, Technique, Distribution Channel, and Region:

  • The market, on the basis of type, can be divided into dust collectors, and fume and smoke collectors, among others.
  • Based on technique, the industry can be divided into high-efficiency particulate air filter (HEPA) and activated carbon filtration, among others.
  • The distribution channels for portable air purifier include hypermarkets and supermarkets, convenience stores, and online stores, among others.
  • The regional markets for portable air purifier include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The deteriorating air quality due to surging air pollution is aiding the market growth.
  • The increasing use of HVAC systems for enhanced cleanliness and purity of air is augmenting the market growth.
  • The market is being driven by the rising use of portable air purifiers owing to the COVID-19 pandemic as concerns regarding airborne virus increases.
  • The development of sustainable portable air purifiers, appealing to the environmentally-conscious population, is augmenting the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global portable 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 types, techniques, distribution channels, and regions of portable 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 portable air purifier are Austin Air Systems Limited, Coway Co., Ltd, Dyson Limited, Honeywell International Inc., and Panasonic Corporation, 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.

*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.

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