Market Size of Residential Air Purifiers Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.38 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Residential Air Purifiers Market Analysis
The residential air purifier market is expected to register a CAGR of approximately 5.38 % during the forecast period of 2022 - 2027, reaching a market size of USD 5.36 billion in 2027 from USD 3.71 billion in 2020. The outbreak of COVID-19 increased the popularity of air purifiers significantly, as air purifiers and HVAC filters are designed to filter pollutants or contaminants out of the air that passes through them. Due to the COVID-19 pandemic, stand-alone air purifiers are adopted by consumers for clean and virus-free air, which is likely to boost the global air purifier market. With increasing sales of air purifiers, companies are launching new products. For instance, in July 2020, VironAire announced two affordable HEPA technology-based hospitals medical-grade air cleaners for hospitals, businesses, and homes. The residential air purifiers market is being driven by the high pollution levels, particularly in industrial countries in the Asia-Pacific region, and the increasing awareness about health issues associated with air pollution. With the growing population in urban areas where air pollution is more intense, air purifiers are likely to grow. However, in the countries where the air purifiers' standards do not exist, the consumers who opt for ineffective non-standard air purifiers feel cheated, making the air purifiers unpopular in those countries, thus, restraining the market.
- The high-efficiency particulate air (HEPA) filtration technology dominated the market in 2021, owing to its effectiveness in removing particulate matter. Also, the technology is becoming more readily available for use in home central air systems.
- With increasing pollution and deteriorating Air Quality Index in many countries, like India, China, and others, governments and organizations, like WHO, are formulating policies and steps to create significant market opportunities.
- Asia-Pacific dominated the market in 2021, with the most demand from countries like China, India, Japan, and South Korea.
