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Household Air Purifier is a machine purifying the air by removing the impurities and contaminants from the household air. It is installed as it purifies air by removing impurities and pollutants from the household air. They eliminate various air contaminants such as smoke, dust, dander, and pollen to ensure the quality of indoors. Market growth for household air purifiers is driving the demand for cleaners.
According to Fortune Business Insights, the global household air purifier market size was USD 10.46 billion in 2022. The market is projected to touch USD 16.32 billion by 2028, exhibiting a healthy CAGR of 7.7% from 2023-2030
Business Research Insights Presents the 10 Prominent Names in the Household Air Purifier Industry
1. Amway
Amway was founded on November 9, 1959, and is headquartered in the United States. It is a multi-level marketing (MLM) company that trades beauty, health, and home care products. By revenue it’s the biggest multi-level company globally. The company has expanded its business in over a hundred territories and countries. The number of employees in the company is around more than 15,000.
2. Panasonic
Panasonic was founded on March 7, 1918, and is headquartered in Osaka, Japan. The company's products are expanded in various domains, such as artificial Intelligence, automation, construction, electrical equipment, and home appliances. The company stated that "Panasonic" has launched the global tagline "Panasonic ideas for life" and would become its global brand.
3. Whirlpool
Whirlpool was founded on November 11, 1911, and is headquartered in the United States. The company has revenue of the company of approximately USD 21 billion yearly. The company has around 78,000 employees and around 70 manufacturing and technology research centers worldwide. The company’s main products are major appliances and small appliances.
4. Honeywell
Honeywell was founded in the year 1906 and is headquartered in the United States. The company primarily operates in building, technologies, aerospace, performance materials and techniques (PMT), and safety and productivity solutions (SPS). The company ranked 94th in 2021 Fortune 100 companies. Honeywell Aerospace provides aircraft engines, avionics, flight management systems, and service solutions to manufacturers and airlines. In contrast, Honeywell Building Technologies involves Honeywell Building Solutions, Honeywell Security and Fire, Environmental and Energy Solutions, and Honeywell Performance Materials and Technologies comprise another six business units.
5. Samsung
Lee Byung-Chul founded this trading company on March 1, 1938 and is headquartered in South Korea. The company's products comprise automotive, clothing, consumer electronics, chemicals, medical equipment, flash memory, and semiconductors. Samsung moved in the electronics industry by the end of 1960s and the shipbuilding and construction industries in the mid-1970s. in the next thirty years, the group divided into areas including textiles, food processing, securities, insurance, and retail.
6. Daikin
Daikin was founded on October 25, 1924, and is headquartered in Japan. It is a Japanese air conditioning company. The company operates in China, Japan, the U. S, India, Australia, Southeast Asia, Europe, the Middle East, Africa and Latin America. Daikin is the inventor of variable refrigerant flow (VRF) air conditioners. The company innovates in the divided air-cooling system market, making multi-split and first split air conditioners.
7. Philips
Philips was founded on May 15, 1891, and is headquartered in the Netherlands. Previously, the company's name was Koninklijke Philips N.V. which was further renamed to Philips. This Dutch multinational company was one of the largest electronics companies in the world. The company has around 80,000 people across 100 countries. Philips has been divided into three main divisions as Personal Health, Connected Care, and Diagnosis & Treatment. As measured by applicable revenues, Philips was the only largest manufacturer of lighting in the world.
8. Midea Group
Midea Group was founded in the year 1968 and is headquartered in China. The company produces lighting, water appliances, small kitchen appliances, floor care, large cooking appliances, and refrigerator appliances. Historically, the company produced home and commercial heating, ventilation, and air conditioning (HVAC) products. It is one of the world’s largest producers of applications and robotics. The company’s main business is producing home appliances and commercial air conditioners.
9. Sharp Corporation
Sharp Corporation was founded on September 15, 1912, and is headquartered in Japan. It is a company that manufactures and designs electronic products. The company has around 50,000 people globally. The company was founded in 1912 in Tokyo as Ever-Sharp, invented by the company’s founder Tokuji Hayakawa in 1915. The company’s products include televisions, home appliances, audiovisual, information equipment, solar cells, mobile phones, and electronic components.
10. IQAir
IQAir was founded in the year 1963 and is headquartered in Switzerland. It is a company that deals in air quality technology and specialises in protection alongside aerial contaminants, manufacturing air cleaning and air quality monitoring products. The company also operates AirVisual, a company well-known in a real-time air quality information platform. As of February 2020, the company employs more than 500 people globally, out of which 150 are from China, and its most significant markets were North America and Asia.
Artificial Intelligence and Robotics to Propel Market to High Growth Path
The implementation of artificial intelligence through vertical farms allows tracing the progress of plants starting from irrigation to harvesting. Robots help to move farms from one place to other. The growing technological advancements, consisting analytics and automation, permits effective managing of crop production through farms. Hence, the implementation of AI, IoT, Analytics, and robotics is predicted to drive the market for vertical farms during the forecast period.