SNS Insider Black Friday Offer
Residential Air Purifiers Market

Residential Air Purifiers Market Size, Share & Segmentation by Type (Standalone/Portable and In-Duct), by Technology (HEPA, Activated Carbon, Ionic Filters, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/EQIP/1143 | May 2022 | Region: Global | 120 Pages

Report Scope & Overview:

The Residential Air Purifiers Market Size was valued at USD 4.34 Bn in 2021 and is expected to reach at USD 6.48 Bn by 2028, and grow at a CAGR of 5.9% over the forecast period 2022-2028.

The rising commonness of airborne infections and expanding levels of contamination in metropolitan regions across the globe have been the key elements leaning toward the development of this market for residential air purifiers. Additionally, the worldwide population is developing wellbeing awareness blended with the further developing ways of life and rising dispensable salaries. There is a rising awareness relating to the unsafe effect of air contamination is likewise driving the reception of air contamination control hardware, particularly in creating areas across the globe. Developing interest for a solid way of life, particularly among the metropolitan youth, is supposed to be a critical supporter of the development of this market before long.

Residential Air Purifiers Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Fast population development and industrialization across the globe have expanded raising air contamination levels.

  • Urbanization has likewise multiplied the quantity of vehicle armadas that produce a lot of toxin gases.

  • Developing awareness about the adverse impacts on health of indoor air contamination.

RESTRAINTS:

  • some air purifiers are limited to checking the air quality of just a little region.

  • Not having active checking sensor hubs could bring about specialized impediments antagonistically influencing its acceptance in the market.

CHALLENGES:

  • The air purification industry is mainly consumer-driven

  •  constantly changing consumer expectations since they prefer additional benefits.

OPPORTUNITY:

  • Emerging nations will offer significant opportunities to the manufacturers of residential air purifiers in the coming years

  • Increasing per capita income, increasing healthcare awareness, growing air borne diseases, and the increasing population will grow the opportunity for the market

IMPACT OF COVID-19:

The COVID-19 episode has created major gainful open doors for air purifier makers, with elite execution units, involving HEPA and enacted carbon advancements, being profoundly famous, to limit the spread of the infection for encased spaces. Exceptional, superior execution air purifiers are fit for sifting through particles, and the COVID-19 infection spread worldwide. Thus, producers have shown trust in having the option to give an answer for indoor conditions, during the flare-up, which will support interest for the not-so-distant future.

MARKET ESTIMATION:

By Type:

The standalone or portable air purifier fragment ruled the market for private air purifiers and represented the biggest income portion in 2021. The strength of standalone air purifiers is predominantly ascribed to its convenience, basic activity with practically no primary changes in the house and simple support. Additionally, the wide scope of capacities presented by the standalone air purifiers, for example, shrewd controls, sensors, different filtration layers and capacity to move around, make it the most appropriate for family or private applications. Poor indoor air quality hampers efficiency causes disease and builds the progressions of constant pneumonic issues, which makes it fundamental to have a portable air purifier to take in clean air.

By Technology:

In terms of income, by technology fragment, the High-efficiency Particulate Absorbing (HEPA) filter technology section held the biggest income portion in 2021. This is chiefly ascribed to the elite presentation and dependability of HEPA channels to trap and eliminate airborne particles successfully. HEPA is utilized to eliminate up to all toxins.  These channels are exceptionally effective in catching airborne particles, including dust, residue, smoke, and bio-toxins. The top-notch and dependability of HEPA channels to eliminate airborne particles is expected to fuel its reception in the residential air purifier market.

Activated carbon air filters have great catching limit inferable from the high surface region of the carbon granules and microporosity, which makes them extremely powerful in catching gases, exhaust, scents. These sorts of channels are utilized for retaining gases and scents from cooking, form, synthetic compounds, pets, and smoke.

KEY MARKET SEGMENTS:

ON THE BASIS OF TYPE

  • Standalone/Portable

  • In-Duct

ON THE BASIS OF TECHNOLOGY

  • HEPA

  • Activated Carbon

  • Ionic Filters

  • Others

Residential Air Purifiers Market Segment Chart

KEY PLAYERS:

The major key players are DAIKIN INDUSTRIES, Ltd., Sharp Home (Sharp Corporation), Honeywell International Inc., Panasonic Corporation, LG Electronics, Koninklijke Philips, N.V.,Dyson, SAMSUNG, Whirlpool, Blueair (Unilever).

REGIONAL ANALYSIS:

Asia Pacific ruled the market for residential air purifiers and represented the biggest income portion in 2021. A portion of the central point leaning toward the strength of the locale incorporate strong urbanization and fast industrialization, alongside a developing populace, expanding extra cash, and by and large pay levels. Likewise, there are developing worries over expanding exhaust cloud and demolishing air contamination, principally in significant nations like India and China. Besides, the developing awareness and government mediations in alleviating the effects of air contamination on the population has brought about expanding the reception of air purifiers, consequently supplementing the local market development.

In North America, the market for residential air purifiers is assessed to grow over the estimate period. High entrance and expanding reception of the private air purifiers in the North American households in fundamentally ascribed to the air quality strategies and extensive techniques for emanation decrease by the Environment Canada. Such approach mediations are expected to offer new open doors and development roads for private air purifier makers. Moreover, the developing establishment of extensive encompassing air quality checking frameworks, combined with the turn of events and execution of administrative activities and sorting out air quality administration projects to make mindfulness among individuals, is supposed to flood the interest for air purifiers in Mexico before long.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Residential Air Purifiers Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 4.34  Billion
Market Size by 2028 US$ 6.48 Billion
CAGR CAGR 5.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Standalone/Portable and In-Duct)
• by Technology (HEPA, Activated Carbon, Ionic Filters, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles DAIKIN INDUSTRIES, Ltd., Sharp Home (Sharp Corporation), Honeywell International Inc., Panasonic Corporation, LG Electronics, Koninklijke Philips, N.V.,Dyson, SAMSUNG, Whirlpool, Blueair (Unilever).
Key Drivers •Urbanization has likewise multiplied the quantity of vehicle armadas that produce a lot of toxin gases.
•Developing awareness about the adverse impacts on health of indoor air contamination.
Restraints •some air purifiers are limited to checking the air quality of just a little region.


Frequently Asked Questions (FAQ) :

Ans: - The forecast period of the Residential Air Purifiers market is 2022-2028.

Ans: - The air purification industry is mainly consumer-driven so constantly changing consumer expectations since they prefer additional benefits.

Ans: - In North America, the market for residential air purifiers is assessed to grow over the estimate period.

Ans: - The primary growth tactics of Residential Air Purifiers market participants include merger and acquisition, business expansion, and product launch.

Ans: - The study includes a comprehensive analysis of Residential Air Purifiers Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.


Table of Contents

 

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis 

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Residential Air Purifiers Market Segmentation, by type

8.1 Standalone/Portable

8.2 In-Duct

 

9. Residential Air Purifiers Market Segmentation, by technology

9.1 HEPA

9.2 Activated Carbon

9.3 Ionic Filters

9.4 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profiles

11.1 DAIKIN INDUSTRIES,,Ltd.

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Sharp Home (Sharp Corporation)

11.3 Honeywell International Inc

11.4 Panasonic Corporation

11.5 LG Electronics

11.6 Koninklijke Philips N.V.

11.7 Dyson, SAMSUNG

11.8 Whirlpool

11.9 Blueair (Unilever)

 

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.