A recent Fact.MR analysis projects that between 2022 and 2032, the worldwide residential air purifier market will expand at a CAGR of 6.3%.
The COVID-19 outbreak has considerably raised the demand for air purifiers. This is because it cleans the air that the air purifier filters of pollutants and other impurities. Customers are buying standalone air purifiers to ensure clean air in reaction to the COVID-19 outbreak. This will fuel the expansion of the global market for air purifiers. New devices are constantly being introduced as air purifier sales rise.
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Asia Pacific is likely to dominate the home air purifier market in 2022, accounting for approximately 41.5% of market revenue. The same trend is expected to continue during the forecast period due to rapid urbanization and industrialization, growing population, increasing disposable income and overall income level. In addition, concerns about air pollution and smog are rising in major countries such as China and India.
Highlights of market research
- Home air purifier market to grow to $4.04 billion by 2022
- During the forecast period, the North American residential air purifier market is expected to grow at a CAGR of 5.2%.
- Approximately 41.5% of market revenue will be generated in Asia-Pacific in 2022
- Accumulated sales by 40.5% with HEPA filter technology by application
- Standalone or portable segment dominates the market with 65% revenue share.
- Sales of induct air purifiers are expected to grow at an average annual rate of 6.4% between 2022 and 2032
competitive landscape
The home air purifier market is dominated by international, regional and domestic manufacturers. To increase revenue and strengthen its position in this market, the company implements various strategies and initiatives including mergers and acquisitions, new product launches, product development, distribution agreements and technology investments.
- Panasonic will launch a new air purifier called the WhisperAir Repair Spot in February 2022. The device is easy to install and requires no maintenance.
- American consumer robot manufacturer iRobot Corporation acquired Aeris Cleantec AG, a premium air purifier manufacturer based in Cham, Zug, in November 2021.
- UK-based air purifier manufacturer Radic8 has signed a 2020 agreement with American healthcare product distributor Henry Schein to distribute its products in North America and Europe.
Key players in the residential air purifier market
- Blue Air (Unilever)
- Swirl
- samsung
- Dyson
- Royal Philips NV
- LG Electronics
- Panasonic Corporation
- Honeywell International
Standalone air purifiers should continue to stand out.
In 2022, stand-alone or portable residential air purifiers are expected to dominate the market with a 65% revenue share. This is mainly due to the standalone air purifier’s portability, simplicity of operation and ease of maintenance.
In addition, stand-alone air purifiers are the best option for your home, as they are equipped with smart controls, sensors, multiple filtration layers, movement capabilities, and more. Therefore, to avoid health problems caused by poor indoor air quality, a portable air purifier to breathe clean air is essential.
Industry Survey
- by type
- Induct Residential Air Purifier
- Standalone/Portable Residential Air Purifiers
- by application
- Ion filter based residential air purifier
- Activated Carbon Based Residential Air Purifier
- HEPA-Based Residential Air Purifiers
- Residential air purifiers based on other applications
Key highlights of this report
- Overview of key Used construction equipment market forces propelling and restraining market growth
- Up-to-date analyses of Used construction equipment market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
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