April 13, 2022
According to the research report titled ‘Global Air Purifier Market (2021 Edition): Analysis By Filter Technology (HEPA, ION & Ozone, Activated Carbon, Electronic Precipitator, Others), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global air purifier market was worth USD 9,850.45 million in 2020 and is slated to amass a sizeable valuation over the analysis period 2021-2026.
As per the report findings, factors such as high level of disposable income, deteriorating air quality in major cities, and prevalence of air borne disease like COVID-19 are primarily propelling global air purifier market growth.
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Furthermore, growing demand for electronics, coupled with technological advancements are also driving the industry development. Introduction of new applications of electronics in the automotive sector and surging product use in residential sector will further add to market revenue in the coming years.
High concentration of ODMs and OEMs across various sectors, including automotive, consumer electronics, industrial, and healthcare in the APAC region will also contribute to overall market growth in the upcoming years.
By end user scope, global air purifier market is split into residential, commercial, and industrial sectors. Considering technology type, the market sphere is classified into electronic precipitator, ION & ozone, HEPA (high efficiency particulate air) filters, activated carbon, and others. The HEPA filters segment has shown noteworthy growth over the past few years and is speculated to follow similar trends through 2026. This can be attributed to the indispensable role played by HEPA filters in reduction of
ambient and household air pollution.
On the regional front, Asia Pacific is expected to gain leadership in the global industry by 2026, driven by increasing awareness about respiratory diseases like chronic obstructive pulmonary disease (COPD) and asthma, growing healthcare expenditure, and rising CO2 emissions.
Prominent players in worldwide air purifier industry are Blueair AB, IQAir AG, LG Electronics, Panasonic Corp., Unilever plc, Whirlpool, Daikin Industries Ltd., Koninklijke Philips N.V., Honeywell International Inc., and Sharp Corp.