Press Release

South Korea Air Purifier Market to Grow at a CAGR of 10.0% During 2024-2032, Aided by the Growing Health Consciousness Among Consumers

South Korea Air Purifier Market

According to a new report by EMR titled, ‘South Korea Air Purifier Market Report and Forecast 2024-2032’, the market is estimated to grow at a CAGR of 10.0% between 2024 and 2032. The market is being driven by growing incidences of airborne diseases in the country.

One of the principal factors propelling the South Korea air purifier market growth is the recurring episodes of 'yellow dust', also known as Asian Dust in the country. These seasonal meteorological events significantly degrade air quality levels. The dust storms originate from deserts located in Mongolia and China, carrying sand as well as a variety of pollutants and microorganisms eastward.

 

Such occurrences have led South Korean residents to increasingly purchase air purifiers in order to guarantee a more salubrious indoor atmosphere. These periodic dust storms stemming from Central and East Asian deserts, coupled with their assorted airborne contaminants, have created heightened awareness among the South Korean population regarding indoor air purification.

 

As awareness of indoor air quality continues to grow, more individuals are investing in residential air purification systems. This upward trend stems from heightened health consciousness and a desire for purer living environments.

 

While commercial and industrial applications still account for sizable portions of sales, the rapid rise of domestic adoption signals a notable change in end-user preferences within the market. Manufacturers are responding to meet this demand by engineering compact, energy-efficient models customised for residential installation and use.

 

The increasing launches of innovative air purifiers by key players such as Koninklijke Philips N.V. (OTCMKTS: RYLPF) and Coway are aiding the market. For instance, in April 2023, Coway launched the Airmega 250 Art, an air purifier with aesthetic appeal that can fit into any indoor space’s décor. The air purifier is equipped with features like smart modes, real-time air quality indicators, filter replacement indicators, and certified Green True HEPA™ filter technology.

 

Read more about this report REQUEST FREE SAMPLE COPY IN PDF

 

Market Breakup by Technology and Application:

  • On the basis of the technology, the market is divided into HEPA (high-efficiency particulate air), activated carbon, and ionic filters, among others.
  • The market, based on application, is segmented into commercial, residential, and industrial.

 

Key Findings of the Report:

  • The adoption of air purifiers in residential environments has expanded due to heightened awareness around the risks posed by volatile organic compounds (VOCs), smoke particulates, and additional airborne particles to human wellness. Moreover, growing safety concerns, especially after the COVID-19 pandemic, and the rising trend of remote work have fuelled the South Korea air purifier market expansion.
  • Industries such as printing, petrochemicals, power generation, chemicals, food and beverage, and manufacturing frequently utilise air purification systems. When harmful particulates including welding smoke, asbestos, construction dust, and other irritants go untreated, they can cause injury to personnel and negatively impact facilities. Air purifiers help remove such particles, improving workplace safety and environmental conditions. Proper filtration equipment is thus important across multiple sectors to protect occupational health and indoor air quality, aiding in the demand for air purifiers across the industrial segment.
  • Certain chemicals released by indoor air purifiers can contribute to global warming and ozone depletion. UV radiation in purifiers destroys particles trapped in filters but can split water and oxygen into compounds reactive with other contaminants, potentially posing health hazards. While UV treatment improves filtration efficiency, the breakdown products interacting with other substances may present challenges. Thus, UV purifiers may not suit particle removal needs despite expanded environmental consciousness among consumers affecting market opportunities.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the South Korea air purifier market for the periods (2018-2023) and (2024-2032).
  • The report also offers historical (2018-2023) and forecast (2024-2032) market information for the technologies and applications of air purifier in South Korea.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the South Korea air purifier market are IQAir AG, LG Electronics, Blueair, Koninklijke Philips N.V., Samsung Electronics Co., Ltd., Coway, Dyson Limited, WINIA Electronics Co., Ltd, Cuckoo Holdings Co., Ltd., and Xiaomi 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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Application
Breakup by Technology
  • HEPA (High-Efficiency Particulate Air)
  • Activated Carbon
  • Ionic Filters
  • Others
Breakup by Application
  • Commercial
  • Residential
  • Industrial
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • IQAir AG
  • LG Electronics
  • Blueair
  • Koninklijke Philips N.V.
  • Samsung Electronics Co., Ltd.
  • Coway
  • Dyson Limited
  • WINIA Electronics Co., Ltd
  • Cuckoo Holdings Co., Ltd.
  • Xiaomi Corporation
  • Others

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER