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Residential Air Purifiers Market Report Scope & Overview:

Residential Air Purifiers Market Size was valued at USD 4.65 Bn in 2023 and is expected to reach USD 7.09 Bn by 2031 and grow at a CAGR of 5.9% over the forecast period 2024-2031.

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 Analysis

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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 SEGMENTATION

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 Analysis

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REGIONAL ANALYSIS:

Asia Pacific ruled the market for residential air purifiers and represented the biggest income portion in 2023. 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

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).

LG Electronics-Company Financial Analysis

Residential Air Purifiers Market Report Scope:

Report Attributes Details
Market Size in 2023  US$ 4.65  Billion
Market Size by 2031  US$ 7.09 Billion
CAGR  CAGR 5.4% From 2024 to 2031
Base Year  2022
Forecast Period  2024-2031
Historical Data  2020-2021
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

Ans: The Residential Air Purifiers Market size was valued at USD 7.09 Bn in 2023.

Ans: The Residential Air Purifiers Market is to grow at a CAGR of 5.4% over the Forecast Period 2024-2031.

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

4.3 Impact of Ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

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

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Secondary Research

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Primary Research

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Data Bank Validation

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