Air Purification Market

Market Study on Air Purification Market - Demand for Sustainability and Management of Electric Power spurring growth of Air Purification

Air Purification Market Segmentation By Product Type - Activated Carbon Filtration | High-Efficiency Particulate Air (HEPA) | Ionizer Purifiers | Ultraviolet Germicidal Irradiation (UVGI)

Industry: Industrial Automation

Published Date: November-2022

Format: PPT*, PDF, EXCEL

Delivery Timelines: Contact Sales

Number of Pages: 280

Report ID: PMRREP33232

Report Price

$ 4900*

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Air Purification Market Snapshot (2022-2032)

The global air purification market is likely to garner a market value of US$ 28.01 Billion in 2022 and is expected to accumulate a market value of US$ 142.93 Billion by registering a CAGR of 17.7% in the forecast period 2022-2032. Growth of the Air Purification market can be attributed to the increase in the number of vehicles on road, due to urbanization, which results in a significant amount of toxic gasses. The market for Air Purification registered a CAGR of 3.5% in the historical period 2017-2021. The number of vehicles on road has also doubled, due to urbanization, which. Old home appliances like Air conditioners and Refrigerators are major emitters of CFCs.

“Rapid urbanization, modernization, and industrialization have led to an increase in the global pollution level, which resulted in making it difficult to breathe. This is one of the biggest reasons for the increase in demand for air purifiers.”

Moreover, the number of vehicles on the road is increasing at a very high rate. The fuel gases emitted from these vehicles is very harmful. Thus, this has led to a great market opportunity for the air purifiers market. Key players and new emerging players are focusing on utilizing and providing the best of the technology in the form of air purifiers. Thus, technological up-gradation, increase in investment of the same, and research and development have contributed to the air purifiers market to expand.

The growing level of CO2 across some of the developing countries like India, Mexico, China, etc. is very high, and the major reason behind this is the high population and rapid urbanization combined with low restriction and monitoring on pollution rules and regulations. Especially in the Asia-Pacific the movement of population from rural to urban areas is growing which will propel this phenomenon even more.

Attributes

Details

Air Purification Market CAGR (2022-2032)

17.7%

Air Purification Market Size (2022)

US$ 28.01 Billion

Air Purification Market (2032)

US$ 142.93 Billion

Which are Some Prominent Drivers of Air Purification Market?

Rising Demand for Air Purifiers across Automotive Industry to Widen the Market Prospects

There has been a continual growth witnessed in the automotive industry, which results in a vast demand for filter installation in all vehicles, ultimately influencing its demand. The growth is influenced by the trends such as vehicle miles driven, vehicle parks, as well as filters embedded in the vehicles.

Additionally, the high demand for these filters in the automotive industry is attributed to their benefits for aftermarket services. The filters are principally utilized to clean the internal combustion engines and improve efficiency while shielding automotive engine components from harmful dust particles. An air filter aims to strain the air imbibed by the engine during a series of strokes.

What are the Prevailing Opportunities in the Air Purification Market?

Increasing Demand for Reusable Air Purifiers to Propel the Market Growth

The air purifier manufacturers are competing based on dust-holding capacity, uniform air-flow supply, and filtering performance. The end-user is inclining towards sustainable alternatives, including the utilization of washable and reusable air purifiers. These filters control harmful emissions by providing high indoor air quality, attributed to their uniqueness in preventing microbiological growth.

Also, the payback on reusable filters is relatively short as it costs less than buying a new filter after every four to six months. In addition, governmental bodies and several environmental organizations are developing green building standards to provide fresh indoor and outdoor air quality in every end-use application.

As per the World Green Building Council, countries majorly focusing on green buildings are Australia with nearly 46%, Ireland with nearly 40%. The emerging countries are extensively focusing on providing energy-efficient air purifying products. Therefore, the rise in demand for green buildings with increased installation of reusable filters is bolstering air filters market growth.

How has COVID-19 Impacted the Growth of the Air Purification Market?

The COVID-19 disruption has been a key factor resulting in the slowdown of several industries. However, the air purification market is one of the less affected markets in the HVAC system industry, due to rise in the importance of fresh air. As per the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), standard 52.2 low-efficiency filters have less than eight minimum efficiency reporting values (MERV) and are unlikely to clean air. This is attributed to its improper installation setup. ASHRAE has recommended a two-step approach for the filtration of air to mitigate the transmission of COVID-19.

The increased support by the governmental bodies, including the Federation of European Heating, ASHRAE, Ventilation and Air Conditioning Association, and others, complement the rise in demand for HEPA filters, dust collectors, and other air quality systems in such pandemic affected situations. The modern HEPA filter is utilized in industrial applications such as automotive, manufacturing, etc., and commercial applications as it possesses the ability to trap approximately 99.95% of bacterial particles that contaminates the air.

Moreover, the HEPA filters in residential applications stop the multiplication of bacterial viruses that causes breathing difficulties. The demand for the installation of air purifiers is expected to experience a rapid growth in the forthcoming years. This is attributed to the growing demand for fresh indoor air quality (IAQ) globally.

What are the Factors Hampering the Global Air Purification Market?

High Initial Installation and Maintenance Cost May Restrain the Air Purification Market Development

The rising awareness regarding the fresh indoor air quality or IAQ is resulting in the demand for filtration systems. However, the high maintenance cost of these filters is one of the primary factors that is restraining the market growth. The cost of replacing a filter is generally very high, i.e., around USD 40 to USD 60, as it requires regular change and service every four to six months. Further, several commercial and industrial end-users purchase low-priced filter equipment that hinders the working environment in HVAC applications. Moreover, a lack of awareness regarding the detrimental effects of bacteria and virus-contaminated air is also impeding the market's growth across the globe.

Comparative View of Air Purification Market

Attributes

Air Purification Market

CAGR (2022-2032)

17.7%

Market Value (2032)

US$ 142.93 Billion

Growth Factor

The market is expected to be driven by the rising airborne diseases and increasing pollution levels in urban areas.

Opportunity

The rising prevalence of airborne diseases, coupled with the increasing air pollution levels is anticipated to positively influence the market growth over the forecast period.

Comparative View of Smart Air Filter Market

Attributes

Smart Air Filter Market

CAGR (2022-2032)

12.2%

Market Value (2032)

US$ 10.54 Billion

Growth Factor

Rising demand for anti-pollution products owing to high pollution levels is anticipated to drive the growth of the market.

Opportunity

The increasing prevalence of airborne diseases is anticipated to drive the adoption of the product in the near future.

Comparative View of Portable Air Filtration Market

Attributes

Portable Air Filtration Market

CAGR (2022-2032)

11.5%

Market Value (2032)

US$ 35.1 Billion

Growth Factor

The use of HAVC systems to decontaminate airborne particles in the healthcare sector is expected to create lucrative opportunities to the market growth.

Opportunity

The creation of portable air purifiers with displays for temperature, humidity, and air quality is anticipated to provide lucrative opportunities to the market expansion.

Category-Wise Insights

Which Segment to Remain Dominant in the Product Type Category?

HEPA Technology Air Filters Segment to push the Market Growth

By product type, the HEPA Technology Air Filters, the HEPA technology segment of the global market accounted for a value share of 35.6% in 2021. HEPA air filters are a primary component of most air purifiers. HEPA filters serve as a strong filter against large particulate matter, including pollen, pet dander, and dust mites.

A growing number of market players selling HEPA air purifiers is an important contributing factor to rising HEPA filter air purifier sales. The segment is expected to hold a CAGR of 17.5% during the forecast period.

Which is the Most Sought-after Application Category?

Commercial Sector to Account for Higher Sales of Air Purifying Units

The commercial sector is expected to register considerable revenue in 2022 and is expected to depict a CAGR of nearly 13.7% through 2032. The segment is anticipated to account for a market share of 56% over the analysis period.

According to PMR, the air purifier suppliers are expected to witness commercially lucrative opportunities from the commercial industry. From hospitals to theaters, academic facilities, hotels, shopping malls, conference rooms, and other areas, there are many places where air purifiers are widely used commercially. Food and restaurant businesses use purifiers with activated carbon and high-efficiency particulate air (HEPA) to remove harmful substances.

Which are the Key Regions in the Air Purification Market?

Regions

CAGR

North America

17.6%

South Asia

15.8%

Europe

14.4%

Latin America

11.3%

Middle East & Africa

10.8%

Regional Insights

How will North America Perform in the Global Air Purification Industry Landscape?

High Awareness about Clean Air Quality & Related Products is propelling market growth

The global air purifier market is dominated by North America with a market share of 21.2% in 2022, which is further led by the United States. Rising product demand is a result of heightened pollution levels and escalating instances of airborne diseases in the U.S. Air purifiers are becoming progressively more popular among Americans for improving indoor air quality.

There is an increase in demand for air purifiers that drain infection-laden particles from the dwelling. Groundwater contamination caused by rapid urbanization and industrialization is also contributing significantly to the rise in public demand for air purifiers. The Air Purification Market in North America is anticipated to expand at a CAGR of 17.6% during the forecast period.

How will the Growth of Air Purification Market Escalate across South Asia?

Increase in Consumer Health Consciousness to create lucrative opportunities for Air Purification in South Asia

The South Asia air purifier market is anticipated to expand at a high rate of 15.8%, over the forecast period. Factors such as the rise in airborne illnesses and consumer health consciousness are accelerating the market growth in the region. Air pollution produced by industries has developed into a dominant risk to both, human and environmental health.

Furthermore, the air purifiers are in high demand as the quality of the atmosphere is deteriorating and diseases are spreading rapidly. Despite the burst of technological advancements, air purifiers have typically been considered a carry-over from the well-developed to developing or middle class.

Market Competition

Business Footprint Expansion Strategies to shape the Global Industry Landscape

The prominent companies partaking in the global Air Purification market share include American Air & Water Inc., Daikin Industries Ltd., Eureka Forbes Ltd., Hitech Ultraviolet Pvt. Ltd., Honeywell International Inc., IQAir, Koninklijke Philips N.V., Panasonic Corporation, LG Electronics, and Sharp Corp., among others. These firms are adopting strategies such as partnerships, joint ventures, and product line expansions to enhance their presence in the global market.

  • In May 2021, Daikin launched Air Purifiers, portable room air purifiers designed to enhance the indoor air quality for the Middle East and Africa. Two models are introduced by the company, namely the premium and economy models.
  • In October 2020, Koninklijke Philips N. V. announced 'The Urban Living Series', a new line of air purifiers in India. These air purifiers feature VitaShield and AeraSense Intelligent technologies for superior indoor pollutant class filtration.

Report Scope

Attributes

Details

Forecast Period

2022-2032

Historical Data Available For

2017-2021

Market Analysis

US$ Million for Value

Key Countries Covered

  • U.S.
  • Canada
  • Mexico
  • Brazil
  • Germany
  • Italy
  • France
  • U.K
  • Spain
  • China
  • Japan
  • South Korea
  • Singapore
  • Thailand
  • Indonesia
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel

By Market Segments

  • Product Type
  • Application
  • Region

Key Companies Profiled

  • Whirlpool Corporation
  • Camfil
  • Daikin Industries Ltd.
  • Honeywell International Inc.
  • Koninklije Philips N.V
  • LG Electronics
  • Panasonic Corporation
  • Unilever PLC
  • ActivePure Technologies LLC
  • IQAir

Pricing

Available Upon Request

Key Segments Profiled in the Air Purification Industry Survey

Air Purification by Product Type

  • Activated Carbon Filtration
  • High-Efficiency Particulate Air (HEPA)
  • Ionizer Purifiers
  • Ultraviolet Germicidal Irradiation (UVGI)
  • Others

Air Purification by Application

  • Commercial
  • Residential
  • Industrial

Air Purification Market by Region

  • North America Air Purification Market
  • Latin America Air Purification Market
  • Europe Air Purification Market
  • Asia Pacific Air Purification Market
  • Middle East & Africa Air Purification Market

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Companies Covered in This Report

  • Whirlpool Corporation
  • Camfil
  • Daikin Industries Ltd.
  • Honeywell International Inc.
  • Koninklije Philips N.V.
  • LG Electronics
  • Panasonic Corporation
  • Unilever PLC
  • ActivePure Technologies LLC
  • IQAir

Frequently Asked Questions

The global air purification market is estimated at a 17.7% growth rate during the forecast period of 2022-2032.

The global air purification market is expected to garner US$ 142.93 Billion by 2032.

North America is projected to register a CAGR of 17.6% for air purification market in the forecast period 2022-2032.

South Asia is expected to register a CAGR of 15.8% for Air Purification market in the forecast period 2022-2032.

The global air purification market was estimated at US$ 23.80 Billion in 2021.

High-Efficiency Particulate Air (HEPA) is expected to register considerable revenue in 2022 and is expected to depict a growth rate of nearly 17.5% through 2032.

Commercial sector is expected to grow at a CAGR of 13.7% in the air purification market.

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