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.
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.
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.
The air purification industry is mainly consumer-driven
constantly changing consumer expectations since they prefer additional benefits.
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.
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.
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
ON THE BASIS OF TECHNOLOGY
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).
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 4.34 Billion|
|Market Size by 2028||US$ 6.48 Billion|
|CAGR||CAGR 5.9% From 2022 to 2028|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
9. Residential Air Purifiers Market Segmentation, by technology
9.2 Activated Carbon
9.3 Ionic Filters
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1 DAIKIN INDUSTRIES,,Ltd.
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
11.9 Blueair (Unilever)
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share analysis
12.3 Recent Developments
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