Government to Initiate High Investment in the Global Air Purifier Market

According to the latest Arizton's market research report, the global air purifier market size to reach around USD 19.33 billion by 2026, growing at a CAGR of 12.37% during the forecast period.

Air Purifier Market Growth

The global air purifier market is expected to see a surge in sales, particularly residential air purifiers to witness a high share during the forecast period. Government bodies have proposed for construction and expansion of airport projects that are expected to be complete by the end of 2027, which will substantially rising the application of air purifiers in airports and lounges of several airports around the world. Standalone air purifiers with HEPA filters are expected to have a high market share in the upcoming year. Global air purifiers market in countries such as China, India, South Korea, the US, Germany, Mexico, and Russia are expected to experience high demand in the market.  Development and innovation, such as wearable and other portable air purifiers and smart purifiers, are also expected to increase the penetration rate in the global air purifier market.

The FDA has issued a guideline to provide a policy to expand the availability of sterilizers, air purifiers, and other devices during a public health emergency in March 2020. Air purifiers systems are intended for medical purposes to kill microorganisms in the air. These factors are expected to propel the growth of the air purifier market. For instance, in 2020, Dyson launched wearable air purifiers in the shape of a headphone.

What’s trending in the market?

• Legacy smart air purifier companies have a competitive edge over emerging players as these companies have restored a sense of faith in their customers.
• HEPA air purifiers are increasing in demand as it is beneficial due to their ability to reduce 99.97% particulate matter indoors and reduce smallest to 0.1micron harmful particles.
• Multinational smart air purifier companies are teaming up with marketing partners in India to devise strategies to tackle COVID-19.

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Key Offerings:

• Market Size & Forecast by Revenue | 2020−2026
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Segmentation – A detailed analysis by application, technology, distribution channel, CADR, and geography
• Competitive Landscape – 6 Key Company Profiles and 30 Other Prominent Vendors

Air Purifier Market – Geographical Analysis

In 2020, China and the US were the largest players in the global air purifier market.  The commercial office space, hospitality industry, airports, and industrial clusters have tremendously contributed to the growth of the air purifier across all regions. The market in North America and Europe are rapidly evolving with the adoption of newer variations in air purifiers on account of stricter policies related to greenhouse gas emissions. This is expected to impact the market concerning the demand for new technology and user-friendly products. The market for air purifiers in Europe is expected to grow due to the rise in disposable income and increase in consumer awareness of the benefits of using air purifiers. Germany, the UK, and France are some of the countries that are expected to generate high revenues during the forecast period. The high demand for air purifiers in North America comes in the form of industrialization and high pollution. The concentration of some pollutants is often higher indoors than outdoors. The demand for residential air purifiers is expected to grow during the forecast period.

Competition Overview

There is an immense opportunity for the vendors in the global air purifier market to expand their business in high polluted areas and densely populated areas. Some European countries are under-penetrated with a large potential to be leveraged. Mergers and acquisitions can help the air purifier companies to extend their penetration level and expansion strategies, which is expected to be the key success factor for the air purifier industry. Most of the vendors are also trying to outplay the competition through differentiated price points, providing discounts, a user-friendly technological interface such as enhancement of features in a smart air purifier, and higher after-sales service than the competitors.

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