Home Air Purifier Market Size, Share, Growth, and Industry Analysis, By Type (< 20 Sqm, 20-50 Sqm, 50-80 Sqm, >80 Sqm), By Application (Living Room, Bedroom, Kitchen, Others), Regional Forecast To 2031

Updated On: 15 April 2024

Report Overview

• 

• Request a Free Sample to learn more about this report

The global home air purifier market size expanded USD 8162 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with the home air purifier market experiencing higher-than-anticipated/lower-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is expected to generate substantial revenue by 2028, exhibiting a CAGR of 6.75% during the forecast period. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Home air purifiers, commonly referred to as "air cleaners," are devices that may absorb, break down, or alter a variety of air pollutants, including PM2.5, dust, pollen, smells, formaldehyde from building materials, bacteria, and allergies.

In the upcoming years, the market is expected to increase as a result of a number of factors, including shifting lifestyle preferences, declining indoor air quality, rising health concerns, and growing consumer knowledge of the advantages of air purifiers. However, it is anticipated that the high cost of air purifier adoption and maintenance will restrict their use.

COVID-19 Impact: Mobility Restriction Increased the Market Demand

Lockdown measures have been used by governments of numerous nations to stop the spread of COVID-19. As a result, the rules around working from home and staying at home have increased demand for air purifiers. Furthermore, since people are looking for ways to stop the spread of coronavirus, there is a sizable demand for air purifiers from medical facilities, academic institutions, and governmental organizations.

In the upcoming years, the market is expected to increase as a result of a number of factors, including shifting lifestyle preferences, declining indoor air quality, rising health concerns, and growing consumer knowledge of the advantages of air purifiers. However, it is anticipated that the high cost of air purifier adoption and maintenance will restrict their use.

Latest Trends

"Smart features to facilitate the market growth "

Rising urban pollution levels and the prevalence of airborne diseases are the main drivers of the air purifier market's expansion. Additionally, greater health consciousness, a higher standard of living, and rising disposable money are the other major drivers anticipated to fuel the industry's expansion. In the upcoming years, there will be an increasing need for air pollution control technology, particularly in developing nations where demand is expected to soar.

According to a recent survey, consumers place a high priority on clean air to prevent numerous health issues. In addition, developing countries' increasing industrialization and building and mining activities significantly contribute to air pollution, which is predicted to drive up demand for air purifier products.

Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the global home air purifier market can be segmented into < 20 sqm, 20-50 sqm, 50-80 sqm, >80 sqm.

• By Application Analysis

Based on application, the market can be divided into living room, bedroom, kitchen, others.

Driving Factors

"Increasing awareness about air pollution and its health impacts"

Growing awareness about the harmful effects of air pollution on human health has led to an increased demand for home air purifiers. People are becoming more conscious of the need for clean indoor air and are investing in air purifiers to ensure the health and wellbeing of their families.

"Rapid urbanization and Technological advancements "

The rapid pace of urbanization has led to an increase in the concentration of pollutants in urban areas, which has further fuelled the demand for air purifiers. Technological advancements: Technological advancements in air purifiers, including the development of new filters, sensors, and smart features, have made these devices more efficient and effective in removing pollutants from the air.

Restraining Factors

"High Maintenance cost limiting the growth of the market  "

The market may benefit greatly from the rising demand for smart, energy-efficient air purifiers. High maintenance costs and the availability of air purifiers of subpar quality, however, are some of the key challenges limiting the home air purifiers market growth of the residential air purifier market.

Regional Insights

• 

• Request a Free Sample to learn more about this report

"Growing Demand in Asia Pacific Anticipated to Boost Market Expansion"

The global home air purifiers market is growing rapidly, with Asia Pacific being the largest and fastest-growing region due to high levels of air pollution and increasing awareness of air quality issues. The region is dominated by China and India, which account for a significant portion of the global market. Europe and North America are also have significant home air purifiers market share, driven by concerns for health and air quality. The Middle East and Africa and South America are smaller markets, but are expected to see growth due to increasing urbanization and rising awareness of air pollution.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development"

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. The top key players in the market are Sharp, Panasonic, Philips, Daikin, Midea, Coway, Smartmi, Electrolux, IQAir and Amway. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market growth.

List of Market Players Profiled

• Sharp
• Panasonic
• Philips
• Daikin
• Midea
• Coway
• Smartmi
• Electrolux
• IQAir
• Amway
• Whirlpool
• Honeywell
• Yadu
• Samsung
• Austin
• Blueair
• Boneco
• Broad

Report Coverage

This report examines an understanding of the home air purifier market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.