Air Purifier Market: Global Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Description

Air Purifier Market is expected to be valued at USD 13,365.2 million in 2022, growing at an 8.4% CAGR from 2022 to 2028. An air purifier or air cleaner is a device that removes contaminants from the air in a room to improve indoor air quality. These devices are commonly marketed as beneficial to allergy sufferers and asthmatics, and to reducing or eliminating second-hand tobacco smoke. The market is primarily driven by increasing pollution levels in urban areas which leads to increasing airborne diseases. Apart from this, rising health consciousness, coupled with the improving standard of living and increasing disposable income, is further expected to boost market growth. During COVID-19, various lockdown measures were implemented by governments across the world, which resulted in boosting the sales of home appliances such as air purifiers, cleaning appliances, kitchen appliances, and water filtration devices. Moreover, numerous governmental bodies are focusing on regulating air pollution by introducing various stringent regulations and standards for indoor air quality, which are projected to fuel the industry during the forecasted period. Additionally, numerous air pollution control campaigns undertaken worldwide by governments and NGOs are further expected to enhance market growth over the forecast period. However, the high cost of implementation and maintenance of air purifiers are expected to hinder the market growth globally. North America is expected to have a significant market share in the upcoming few years owing to the rising prevalence of airborne diseases, coupled with the increasing air pollution levels in the U.S.  Additionally, The HEPA technology segment is projected to dominate the U.S. market over the forecast period due to its effective technology for trapping harmful airborne particles.

Recent Market Developments:

In August 2020, LG Electronics launched PuriCare™ wearable air purifier. This product employs two H13 HEPA filters and offers up to eight hours of operation in low mode and two hours in high mode. It is an addition to the growing lineup of products designed to deliver meaningful health and hygiene benefits.