Filter Air Purifiers Market Size, Share, Growth, And Industry Analysis, By Type (Stand-Alone Filter Air Purifiers, In-Duct Filter Air Purifiers, Others), By Application (Residential, Commercial, Other), Regional Forecast From 2024 To 2031

Updated On: 22 April 2024

FILTER AIR PURIFIERS MARKET REPORT OVERVIEW 

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The global filter air purifiers market size expanded rapidly in 2022, & the market is expected to generate substantial revenue by 2031, a robust CAGR during the forecast period. Daikin, Honeywell, Sharp, Philips, Panasonic are the key players in the filter air purifiers market.

The global COVID-19 pandemic has been unprecedented and staggering, with the filter air purifiers market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A filter air purifier, in its most basic form, is an interior device that collects and filters hazardous particles before releasing fresher, cleaner air. Most purifiers have been shown to successfully eliminate indoor pollutants such germs, dust, pollen, odor, and pet dander.

The purifier can help prevent respiratory ailments and allergies by limiting the transmission of hazardous particles and allergens. The device is frequently utilized in offices, residences, educational institutions, and hospitals. We all require clean indoor air, particularly those who have allergies and respiratory disorders like asthma. Improved air quality in the office, house, school, and vehicle can help lessen allergies and asthma triggers. Contaminants from vehicle exhaust, building contaminants, new paints, and other sources are all present in certain buildings. If user occupy those buildings, implementing a purifier can filter all of these dangerous pollutants from the indoor air.

COVID-19 Impact: Healthcare Institutions to Advance Market Growth

Because of the COVID-19 epidemic, demand for the consumer good increased significantly, as did innovation. Since the COVID-19 pandemic, there has been an increase in demand for air purifiers in various healthcare institutions around the world due to their potential to limit the transmission of infectious illnesses. The application of severe at-home standards depleted the activities in most region thus uplifting the filter air purifiers market growth. Everything from office meetings to school and college classes to having to shop for daily needs was done online, resulting in an increase in the use of purifiers to uplift the air quality of the working area.

Latest Trends

"Utilization of HEPA Channels to Intensify Market Magnification "

Even in the dead of winter, filter air purifiers are an effective way to make the home more aired, hotter, and less dependent on other energy sources. An air purifier can help you save money on many other energy-based utilities. The HEPA channels let them to operate more quickly and effectively, allowing one to better plan the electricity and utility expenses. Kittens and puppies are a large responsibility to take on at home. With such air, one may notice a distinct pet odor in the home. Not to mention the microbes they bring in from the outside. If the user has Asthma or are allergic to pollen, living with pets can be a difficult experience. One will have no trouble cuddling with their favorite pet if he has an air purifier installed in his home.

FILTER AIR PURIFIERS MARKET SEGMENTATION 

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• By Type Analysis

According to type, the market can be segmented into stand-alone filter air purifiers, in-duct filter air purifiers, others

Stand-alone filter air purifiers are the leading part of the type segment

• By Application Analysis

According to application, the market can be segmented into residential, commercial, other

Residential is the leading part of the application segment

Driving Factors

"Commercial Segment to Boost Market Share "

In 2022, the commercial segment dominated the market, accounting for 57.0% of global revenue. Air purifiers are utilized in classrooms, malls, conference centers, offices, hospitals, hotels, theaters, and other commercial settings such as fitness centers and amusement parks. Air purifiers containing activated charcoal and HEPA are used in restaurants and hotels to remove airborne, smell, and smoking particulates from the atmosphere, enhancing the air's overall cleanliness in the premises. To preserve indoor air quality both for staff and patients operating in these amenities, odor airborne microbes and allergens are removed, and pollutants are eliminated from the air utilizing air purifiers in dental and medical offices, vet services, animal kennels, clinics and hospitals, boarding kennels. Therefore, will boost up the filter air purifiers market share.

"Industrial Application Category to Expand Market Forwarding"

The worldwide filter air purifiers market is expanding due to variables. Over the projection period, the industrial application category is expected to grow at a consistent Rate. Printing, petrochemical and power plants, food and beverage, chemical, and industrial industries all employ air purifiers. Air purifiers aid in the removal of construction debris, asbestos, welding smoke, and many other particles that seem to be hazardous to workers and have an adverse effect on the environment if left untreated. Filter a ir purifiers are employed to eliminate impurities from indoor air. Individuals are becoming more cognizant of the threats that VOCs, smoke particles, and other particulates bring to human health, hence the use of air purifiers in the house has increased. Also, people had remained at their homes because of the countermeasures put in place to prevent the transmission of COVID-19.

Restraining Factors

"Ozone Gas Emissions to Deplete Market Advancement"

These emissions may be difficult to detect; the more no conditioned a space is, the more pollutants will be present in the home. As previously said, a combination of toxic gases would be hazardous to the user and the animals' health. In spite of that many manufacturers claim to supply items with low ozone levels. Yet, many air purifiers produce ozone gas as a consequence, which is poisonous to human beings. The filter air purifier may appear to be a great fit for the needs at first, but it may later become somewhat intimidating. Breathlessness, chest tightness, coughing, and many other respiratory illnesses are all side effects of ozone gas. The above-mentioned features will hinder the market from advancing during the forecasted period.

FILTER AIR PURIFIERS MARKET REGIONAL INSIGHTS 

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"Residential Warming to Foster Market Growth in Asia Pacific  "

Due to a multitude of factors, along with a bigger population with higher disposable money and rising urbanization and industrialization, Asia Pacific took over the market in 2022, accounting for 42.6% of total sales. According to a 2019 Clean Air Coalition research, East Asia accounted for more than 35% of global premature deaths due to air pollution, followed by South Asia. A common source to airborne particles is a lack of enforcement and controls for industrial emissions, residential warming, and oil-based road vehicles. Rising pollutants and air pollution levels, notably in China and India, are expected to boost the adoption of filter air purifiers and encourage regional market growth. Some of the factors that have impacted South Korea's ecological balance and lowered air quality are political actions and fast urbanization. The filter air purifiers market is expected to gain from rising public knowledge about the diseases and health concerns caused by hazardous particle exposure at work or at home.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Daikin (Japan)
• Honeywell (U.S.)
• Sharp (Japan)
• Philips (U.S.)
• Panasonic (Japan)
• Coway (South Korea)
• Xiao Mi (China)
• Whirlpool (U.S.)
• Midea (China)
• Blueair (Sweden)
• Samsung (South Korea)
• Austin (U.S.)

Report Coverage

The industry's growth was significantly influenced by the tactics employed by market participants in recent years, such as extensions. The report provides details and information on the companies and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other criteria considered for this market are the firms that develop and provide new products, the areas in which they operate, mechanisation, innovative techniques, making the most money, and using their products to have a large social impact. This analysis examines the global and regional effects of the outbreak mostly on the market. The study describes the market share features, and market growth by type, industry, and customer sector.

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.