Global Air Purification Systems Market By Type (HEPA Purifier, Activated Carbon Purifier, Static Electricity Purifier), By Application (Residential, Commercial, Other), By Region, And Segment Forecast...
Report Id: 44315 | Published Date: Aug 2024 | No. of Pages: 200 | Base Year for Estimate: Aug 2024 | Format:
Air purification systems are generally used in filtering a variety of pollutants and particles that may clinically cause significant health problems. They are used in indoor spaces for filtering pet hair, pollen, and dust smoke, thereby reducing pollution. These systems are also increasingly being used in residential buildings to help filter out volatile organic compounds (VOC) emitted by the regular use of cleaning products, paints and adhesives in these buildings.
The global air purification systems market was valued at USD 15.95 billion in 2023 and is projected to reach USD 21.8 billion by 2027, growing at a CAGR of 7% from 2023-2027. Rising consumer awareness about air purifiers and increasing pollution due to rapid urbanization fuel the demand for residential air purification systems, especially in emerging economies like India and China.
Premium Insights:
With the rising number of stringent regulations, the use of air filters for general ventilation, among others has made the adoption of air purifiers mandatory in many sectors.
Key players are increasingly investing in innovative technologies for the development of optimum purification, energy emission and low-emission products that help reduce environmental degradation.
Global Air Purification Systems Market Dynamics:
Drivers: Growing awareness of health risks, technological advancements and rising disposable income.
-Increased public awareness of the health risks associated with air pollution, such as respiratory illnesses and allergies, fuels demand for air purifiers to create a healthier home environment.
-Advancements in filtration technology and smart features like air quality sensors, automatic controls, and smartphone connectivity enhance the effectiveness and convenience of air purifiers.
-Growing disposable income in some regions allows consumers to invest in high-performance air purifiers with advanced features and sleek designs, catering to a premium market segment.
Restraints: Affordability concerns, replacement filter costs and limited effectiveness in large spaces.
-High-quality air purifiers can be expensive, particularly those with advanced features. This can be a barrier to entry for budget-conscious consumers.
-The ongoing cost of replacement filters can be a factor for some consumers. Easy-to-maintain air purifiers with clear filter replacement reminders are essential.
-The effectiveness of air purifiers is often limited to smaller spaces. Large commercial buildings may require complex air filtration systems beyond the scope of standalone purifiers.
Opportunities: Focus on smart home integration, expansion into niche markets and focus on portability and compact designs.
- Developing air purifiers that integrate with smart home systems and offer voice control options can enhance user experience and convenience.
-Developing air purifiers specifically designed for healthcare facilities, industrial settings, or baby nurseries can cater to unique air quality needs in these segments.
-Developing portable air purifiers for personal use or travel can expand market reach and cater to a wider range of consumers.
Market By Air Purification Type Insights:
Based on technology, the market can be segmented into HEPA, Activated carbon, Ionic Filters, and Electrostatic precipitators among others. High-efficiency particulate air (HEPA) filters occupy a major portion of the market as these filters excel at capturing very fine particles like dust, allergens and even some viruses. These filters also have a wide range of applications, in residential, commercial and industrial sectors making them a popular choice in the market.
Based on sales channels, the market is segmented into online and offline. Online sales are on the rise but offline sale channels still dominate the market. This dominance can be attributed to factors like expert advice during product selection, and installation maintenance services that are provided when air purifiers are bought offline.
Market By End-Use Insights:
Based on end-use, the commercial sector holds a major share of the market owing to factors such as diverse applications in commercial buildings like offices as well as in healthcare facilities, and various building codes and regulations that mandate specific air filtration standards.
Market By Region Insights:
Based on regional coverage, the market is segmented into North America, Asia-Pacific, Europe, Latin America, Middle East & Africa. North America held over 65.1 % market share in 2023 owing to certain regulations and established standards set by the government regarding air quality. The Association of Home Appliance Manufacturers (AHAM) has established the Clean Air Delivery Rate (CADR), which is a standard used to measure the effectiveness of air purifiers, thereby enabling consumers to compare the performance of air purifiers in eliminating dust, pollen, and tobacco smoke.
Competitive Scenario:
Major players in the region consist of Honeywell International, Inc., IQAiṛ, Koninklijke Philips N.V., Unilever PLC, Sharp Electronics Corporation, and Samsung Electronics Co., Ltd.
LG Electronics, Panasonic Corporation, Whirlpool Corporation, Dyson and Carrier.
Scope Of Work-Global Air Purification Systems Market
Key Market Developments:
August 2022- Atem X, a smart, slim bionic air purifier, was introduced by IQAir. Four seemingly unrelated features—strong air purification, silent operation, low energy consumption, and a slim design—were combined to create the Atem X air purifier.
February 2023- A brand new carbon air purifier was introduced that enhances indoor air quality with UV technology. This system aids in clearing the air inside the house of undesired gases, odours, and volatile organic compounds. Furthermore, the technology lessens the development of bacteria and viruses on the evaporator coil.
January 2024- The Airmega 100 was introduced by COWAY CO., LTD. Its 3-stage HEPA filtration system and 360° air intake efficiently remove harmful pollutants from the air, purifying an 810-square-foot area every hour. Among the key features of this new air purifier are a precise particle sensor, auto mode, energy-saving technology, and a real-time air quality indicator.
Frequently Asked Questions (FAQs)
What factors are driving the growth of the air purification systems market?
Ans. Key drivers include growing awareness of health risks, technological advancements and rising disposable income.
What are the major challenges in the air purification systems market?
Ans. Challenges include affordability concerns, replacement filter costs and limited effectiveness in large spaces.
Who are the key players in this market?
Ans. Key players include Honeywell International, Inc., IQAiṛ, Koninklijke Philips N.V., Unilever PLC, Sharp Electronics Corporation, and Samsung Electronics Co., Ltd.LG Electronics, Panasonic Corporation, Whirlpool Corporation, Dyson and Carrier.
What are the opportunities available in this market?
Ans. Opportunities include a focus on smart home integration, expansion into niche markets and focus on portability and compact designs.
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