The increased need for air purification to ameliorate the worsening air quality brought on by fast industrialization and heavy industrial discharge is the main factor driving the global market for air purification. The demand for air purifiers is further increased by the growing number of vehicles on the road and the consequent increase in air pollution, particularly in emerging nations like Bangladesh, Pakistan, India, China, etc. Additionally, these areas have seen an increase in adopting air pollution control tools like air purifiers due to rising consumer living standards and growing health awareness of chronic respiratory illnesses. Along with numerous awareness campaigns highlighting the necessity for air purification, the government's establishment of strict regulations in these developed economies also supports market expansion.
COVID-19 IMPACT
As a result of the COVID-19 epidemic, many businesses in the global market for air purification were compelled to temporarily halt operations to adhere to new laws enacted to stop the disease's spread. The market for air purification will suffer from this interruption in operations in terms of revenue flow. The industrial product production has also come to a halt due to a shortage of resources during the lockdown, specifically raw materials and labor. Additionally, businesses in this industry don't receive any new consignments. As a result, the market share for air purification was negatively impacted by the suspension of industrial activities and the lengthy state of lockdown.
DRIVING FACTORS
Rising Technical Progress Will Accelerate Market Expansion
Real-time monitors and remote sensing devices are examples of technologically advanced air quality monitors that help determine air quality parameters for residents. The development and commercialisation of advanced air quality monitoring systems (such as miniaturized devices, nanotechnology-based systems, infrared spectroscopy, and remote sensing instruments) present for established and up-and-coming players in the air purification market significant growth opportunities. Leading companies in the global air purification market concentrate on conducting R&D operations to create cutting-edge air monitoring equipment in order to take advantage of significant potential.
RESTRAINING FACTORS
High Product Costs To Restrict The Market
Typical air quality monitoring sensors measure factors like temperature, particulate matter concentration, the presence of gaseous molecules, and concentration of hazardous chemicals or biological agents (such as bacteria, viruses, and fungi). Advanced technologies like nephelometers, gas sensors, radio-frequency identification detectors (RFID), and PCR-based biosensors are needed to detect gaseous and biological components. These cutting-edge technology for identifying and eliminating complicated contaminants are present in the majority of today's air quality monitors. For instance, the Pure Cool Air series of air purifiers from Dyson have built-in LCD screens that display the air quality in real time as well as temperature and humidity sensors. However, the majority of this cutting-edge technology are expensive, which drives up the price of air purification even more.
SEGMENTATION
By Technology
Based on technology, the air purification market is segmented into high efficiency particulate air (HEPA), activated carbon, ionic filters and others. The high efficiency particulate air (HEPA) category dominated the market in 2022. Pollen, dust, smoke, and bio-contaminants are all effectively captured by HEPA filters. The high caliber and dependability of HEPA filters to remove airborne particles will encourage product penetration in the international market. Small bits of carbon in granular or powdered form that have been specifically treated with oxygen to open the pores of the carbon atoms make up activated carbon or charcoal filters. This helps to increase the carbon surface area and make it porous, which improves its capacity to absorb airborne particles.
By Application
Based on application, the air purification market is segmented into commercial (retail shops, offices, healthcare facilities, hospitality, schools & educational institutions, laboratories, transport, other), residential and industrial. The commercial category dominated the market in 2022. Hospitals, offices, hotels, schools, theatres, malls, conference centres, and other recreational facilities are just a few commercial settings where air purification is used. The air quality in hotels and restaurants is improved by using air purifiers with activated carbon and HEPA to remove odors, smoke, and airborne particulates from the air. Air purifiers are employed in dental and medical labs, veterinary clinics, boarding kennels, animal kennels, clinics, and hospitals to eliminate allergens, airborne pathogens, and odor from the air and maintain indoor air quality for clients as well as staff members working in these establishments.
REGIONAL INSIGHTS
Asia Pacific is projected to hold the largest share of the air purification market over the forecast period due to a number of variables, including a growing population with more disposable income, expanding urbanisation, and industrialisation. Additionally, it is anticipated that rising smog and air pollution incidents, particularly in nations like China and India, will enhance the usage of air purification, supporting regional market expansion. On the other hand, North America air purification market is anticipated to grow significantly due to the existence of significant market players in these nations, namely IQAir North America Inc. and Honeywell International, Inc. The industry is anticipated to benefit from significant investments made in the healthcare sector. In addition, as people become more aware of the illnesses linked to air pollution, the need for air filtration rises along with the prevalence of asthma and other allergies.
LIST OF KEY COMPANIES PROFILED:
- IQAir
- Honeywell International, Inc.
- LG Electronics, Inc
- Unilever PLC
- Koninklijke Philips N.V.
- Panasonic Corporation
- Hamilton Beach Brands, Inc.
- Whirlpool Corporation
- Carrier
- Camfi
- Sharp Electronics Corporation
- COWAY Co., Ltd.
- Samsung Electronics Co., Ltd.
- Dyson
- Molekule
- February 2022: PuriCare Wearable Air Purifier will be debuted in Qatar, according to a proposal revealed by LG Electronics. Two H13 HEPA filters are included in the automatic fan airflow management system, improving breathing comfort.
- December 2021: With three modes—purify, heat, and fan—Philips India has unveiled a new 3-in-1 multifunctional air purifier. The HEPA filtration system has three layers.
| Attributes | Details |
| Market Size in 2022 | USD 12.5 Billion |
| Market Forecast in 2030 | USD 22.1 Billion |
| Compound Annual Growth Rate | 8.50% |
| Unit | Revenue (USD Million) and Volume (Kilo Tons) |
| Segmentation | By Technology, By Application and By Geography |
| By Technology |
|
| By Application |
|
| By Region |
|
| Base Year | 2022 |
| Historical Year | 2016-2021 |
| Forecast Year | 2023-2030 |
