Market Size of Air Purifier Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR (2024 - 2029) | > 12.00 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Air Purifier Market Analysis
The Air Purifier Market is expected to register a CAGR of greater than 12% during the forecast period.
The COVID-19 pandemic had a detrimental effect on the market. However, the market has now reached pre-pandemic levels.
Factors such as increasing airborne diseases and growing health consciousness among consumers are driving the market. Despite the various technological developments, air purifiers have been perceived as a luxury item in both underdeveloped and emerging economies, particularly in the commercial and residential segments, owing to the high installation and maintenance costs. This, in turn, is expected to hinder the market's growth.
Due to its critical applications in semiconductor, pharmaceutical, food and beverage manufacturing, medical, and other industrial facilities, high-efficiency particulate air technology is expected to dominate the market during the forecast period.
Growing air pollution in the densely populated Asia-Pacific region has emerged as a major challenge, with damaging impacts on the environment, public health, and agricultural crop yields. However, such problems are likely to create several opportunities for the air purifier market in the future.
Asia-Pacific is expected to dominate the market during the forecast period, with the majority of the demand coming from countries like China, India, etc.
