The Global Residential Air Purifier Market size is expected to reach $5.9 billion by 2027, rising at a market growth of 7.0% CAGR during the forecast period.
Air purifiers are the device used to remove contagion from the air. There is a drastic increase in the growth of air pollution and assumed to get worse in upcoming year progresses. Air pollution can result in many serious diseases related to respiratory problems, which increased the demand for commercial air purifiers and residential air purifiers.
Residential air cleaners and air purifiers are used to remove contaminated air particles such as pollen, smoke, dander, and dust to enhance air quality. In-duct air purifiers and stand-alone air purifiers are the two main categories of air residential purifiers.
In-duct air purifiers system works along with central heating, ventilation, and air conditioning (HVAC) and furnace unit to clear all the air coming inside. It makes sure to sanitize all the air coming through the air ducts into the workplace or home. In-duct air purifiers are designed to cover and clean a large area of a resident.
Stand-alone air purifiers are portable room purifier devices, designed to sanitize and clean a specific area of the room or office. It is entirely manufactured by high-impact polystyrene, high-density polyethylene, polypropylene, polyvinyl chloride, and plastic. High-efficiency filters are the main component to manufacture these air purifiers. Electronic air cleaners and fibrous media air filters technologies are used in residential air purification systems.
The COVID-19 pandemic outbreak has initiated various opportunities for air purifier manufacturers. The high-performance units, combining HEPA and installed carbon technologies to reduce the spread of the virus for specific rooms or spaces. Additionally, high-performance air purifiers can strain out the virus up to 1 micron, whereas COVIS-19 virus size was estimated at around 1.2 microns. The spread of awareness related to air purification among the consumers to avoid the impact of the COVID-19. Many manufacturers have extended the production of air purifiers with technological enhancements such as activated carbon purifiers, iconic filters, HEPA filters, and photo catalytic purifiers.
Air purifier business was acutely hindered since the lockdown was imposed globally. Online and Retail sales of the purifiers came to a halt due to the interruption in the logistics, supply chains, and online channels were allowed to deliver essential items. This caused a standstill in the sale of the residential air purifier depending on the end-users to create demand during the period. Manufacturers provided some solutions for the indoor environment, which would propel the demand in the coming decade.
Rising population and industrialization have increased emissions of volatile chemicals, fine particulate matter poisonous gases, and biological components, resulting in higher levels of air pollution. Developing countries are observing higher levels of carbon emissions because of their industrial growth as well as lack of compliance with pollution monitoring and control rules. The migration of the population from remote to urban locations is likely to amplify this trend even more. In addition, the number of vehicles is also increasing with the rising urbanization all over the world, due to which, the amount of carbon that is being emitted from vehicles is also increasing. Moreover, the rising adoption of technologies is also accelerating the utilization of various home appliances.
Various compounds, such as benzene, gasoline, and formaldehyde, decompose and emit an odor when exposed to the normal temperature. Moreover, Paints, upholstered furniture, aerosol sprays, and air fresheners all contain these chemicals, which are known as volatile organic compounds (VOCs). The odor of VOCs can make a user feel unwell. In addition, it can also impair the cognitive abilities of the user through the irritation caused by its odor. Low VOC levels across the ambient air can increase productivity as well as performance. HEPA and activated carbon filters incorporated in air purifiers are beneficial at trapping gases and particles, reducing pollution in the indoor environment.
Most of the portable or stand-alone air purifiers can only monitor the air quality of a small area and don't have three-dimensional data collection capabilities. Rather than active monitoring sensor nodes, several air quality monitoring systems use passive monitoring sensor nodes, which require periodic and manual data updates. Utilizing wireless or other networks, active monitoring sensor nodes can automate data collecting, data transfer, and data storage. Due to the lack of active monitoring sensor nodes, technological restrictions connected with individual air purifiers may arise.
Based on Type, the market is segmented into Standalone/Portable and In-Duct. The standalone/Portable segment garnered the highest revenue share in the residential air purifier market in 2020. These air purifiers are mainly assigned according to their easy operation, portability without changing any structure in the house. Standalone purifiers offer a wide range of sensors, are easy to maintain, controls and portable nature that make their perfect choice for residential or household applications.
Based on Technology, the market is segmented into High-efficiency Particulate Absorbing (HEPA), Activated Carbon, Ionic Filters, and Others. The Activated Carbon segment recorded a significant revenue share in the residential air purifier market in 2020. These filters have excellent trapping capacity made for absorbing odors and gases from mold, cooking, pets, smoke, and chemicals. These technologies are used by the centres for the prevention of Disease Control and Prevention (CDC) diseases.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 3.5 Billion |
| Market size forecast in 2027 | USD 5.9 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 7% from 2021 to 2027 |
| Number of Pages | 178 |
| Number of Tables | 264 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Technology, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific emerged as the leading region in the residential air purifier market with the highest revenue share in 2020. Urbanization and the rapid growth in industrialization along with increasing disposable income, growing population play a crucial role in accelerating the growth of this region. Countries like India and China tackle the problems related to worse air pollution and smog which result in increasing adaption of residential air purifiers.
Free Valuable Insights: Global Residential Air Purifier Market size to reach USD 5.9 Billion by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Samsung Electronics Co., Ltd. are the forerunners in the Residential Air Purifier Market. Companies such as Honeywell International Inc., Xiaomi Corporation and Panasonic Corporation are some of the key innovators in the Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, The Whirlpool Corporation, Koninklijke Philips N.V., Xiaomi Corporation, Daikin Industries, Ltd., Dyson Limited, LG Electronics, Inc., Sharp Corporation, and Honeywell International, Inc.
By Type
By Technology
By Geography
The global residential air purifier market size is expected to reach $5.9 billion by 2027.
Increasing urbanization across the world are driving the market in coming years, however, high operational cost and technological limitations of the product limited the growth of the market.
Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, The Whirlpool Corporation, Koninklijke Philips N.V., Xiaomi Corporation, Daikin Industries, Ltd., Dyson Limited, LG Electronics, Inc., Sharp Corporation, and Honeywell International, Inc.
COVID-19 the spread of awareness related to air purification among the consumers to avoid the impact. Many manufacturers have extended the production of air purifiers with technological enhancements such as activated carbon purifiers, iconic filters, HEPA filters, and photo catalytic purifiers.
The High-efficiency Particulate Absorbing (HEPA) segment acquired maximum revenue share in the Global Residential Air Purifier Market by Technology 2020.
The Asia Pacific is fastest growing region in the Global Residential Air Purifier Market by Region 2020, and would continue to be a dominant market till 2027.
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