Global Purifiers Market By Type (Activated Carbon, UV Technology, Ion and Ozone Generator), By Application (household, Induatrial, Others), By Region, And Segment Forecasts, 2023 to 2032

The Global Purifiers Market was valued at USD 13.8 billion in 2023 and is projected to reach USD 26.8 billion by 2030, registering a CAGR of 9.6% during the forecast period of 2023-2030. The market is driven by the increasing awareness of air & water pollution rising health consciousness and technological advancements in filtration technologies. Purifiers act as a great aid to our life standards by cleaning the contaminants and providing you with clean air and water.

Global Purifiers Market Dynamics:

Drivers:

Rising Pollution Levels, Health Awareness, and Technological Advancements.

• Pollution Levels: The purifier market is generally being boosted by the increasing pollution levels in urban areas, largely because of industrial activities and vehicular emissions etc. An increasing requirement for pure air and water has led to a rise in the usage of purifiers.

• Health Awareness: Growing awareness about the health effects of dirty air and water has given a push to consumers to take an interest in purifiers. The rapid increase in respiratory disorders, allergies and waterborne diseases has increased the demand for efficient purifying solutions.

• Technological Innovations: Advances in purification technologies such as HEPA filters, activated carbon filters, UV purification and reverse osmosis are making the purifiers more efficient. All these innovations are being made and implemented in various markets to give users better services.

  
  

Restraints:

High Costs and Maintenance Requirements.

• High Costs: Due to the considerable costs associated with advanced purifiers, it may be challenging for some consumers, especially low-income ones, to purchase them. In addition to requiring initial financing, some purifiers can require expensive parts or filters. In many cases, buying a purifier is not enough, as replacement and maintenance must also be taken into account.

• Maintenance: To effectively work, purifiers require constant maintenance and filter or part replacement. This work creates a demand determinant that limits or retards the growth of the market.

  
  

Opportunity:

Emerging Markets, Smart Purification Solutions, and Increasing Disposable Income.

• Emerging Markets: The growing market in emerging markets is a significant untapped opportunity. High levels of urbanization, rapid increases in income, and awareness levels of pollution and health are expected to boost the demand for purifiers.

• Smart Purification Solutions: The adoption of smart solutions in purifiers through IoT and AI is securing millions of new growth avenues. With real-time monitoring, remote-control technology, and excellent user experiences, smart purifiers are meeting tech-savvy consumers.

• Disposable Income: Fast growth for low-income groups in emerging economies is generating enough income that can be spent on health and wellness and water and air purifiers.

  
  

  
  

  
  

Market by Product Type Insights:

Air Purifiers and Water Purifiers Dominate the Market.

• Air Purifiers: The Air Purifier segment accounted for the largest revenue in 2023 and is expected to continue dominating throughout the forecast period. Rising levels of pollution and increasing respiratory problems across the country is leading to a growth in demand for air purifiers.

• Water Purifiers: Water purifiers are very high in demand due to impure drinking water, & contamination issues. Reverse osmosis, UV purification and activated carbon filters are the most common technologies.

  
  

Market by End-use Insights:

Residential Sector Leads the Market.

• Residential: Accounting for more than 60% of the market in 2023, the residential sector is the most extensive end-user. The growth of purifiers in this sector is influenced by the desire to have clean air and water in the home to guarantee the safety and health of the families.

• Commercial: As one of the most extensive end-users, the commercial sector comprises offices, hospitals, and hospitality, among others. Purifiers are used to ensure a safe working space for employees and ensure the patient’s and guests’ environments are safe.

  
  

Market by Regional Insights:

Asia-Pacific Holds the Largest Market Share.

Asia-Pacific: Rapid industrialization, urbanization and an expanding consumer base led the region to hold more than 45% of the market share in 2023. Rising pollution levels in countries such as China and India, and increasing health awareness among people are the major factors driving avenues of market growth.

Competitive Scenario:

Major players in the Global Purifiers Market include Samsung Electronics Co., Ltd., LG Electronics Inc., Panasonic Corporation, Honeywell International Inc., Daikin Industries, Ltd., Koninklijke Philips N.V., Coway Co., Ltd., 

Scope of Work – Global Purifiers Market Report Metric Details

Metric Details

Market Size in 2023 USD 13.8 Billion

Market Size in 2030 USD 26.8 Billion

Growth Rate (CAGR) 9.6%

Market Segments By Product Type, By End Use

Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East & Africa

Growth Drivers Rising Pollution Levels, Health Awareness, Technological Advancements

Opportunities Emerging Markets, Smart Purification Solutions, Increasing Disposable Income

Companies Covered Samsung Electronics Co., Ltd., LG Electronics Inc., Panasonic Corporation, Honeywell International Inc., Daikin Industries, Ltd., Koninklijke Philips N.V., Coway Co., Ltd., Whirlpool Corporation, Xiaomi Corporation, Unilever PLC

Key Market Developments:

• August 2022-IQAir has commercialized a smart slim bionic air purifier Atem X. This third generation of Air Purifiers, was ideally created to coalesce four unrelated characteristics like energy conservation with powerful purification and silent operation along with its ergonomic design that can be put in a corner space surrounding you anywhere.

• February 2023-The business launched UV technology-supported carbon air cleaner to require care of an indoor clean atmosphere. This system takes odours, gases and volatile organic compounds out of the air in your home. In addition, it minimizes microorganisms such as viruses and bacteria growth in the evaporator coil.

• January 2024-The Airmega 100 was introduced by COWAY CO., LTD, features a 360-degree air intake and 3-stage HEPA filtration to remove harmful pollutants, cleaning the air in an area of around 810 square feet every hour. This new air purifier also comes with some essential features including a real-time air quality indicator, energy-saving technology, auto mode and a precise particle sensor.

  
  

Market Segmentation:

Based on Product Type:

• Air Purifiers

• Water Purifiers

• Combination Purifiers

• Others

  
  

Based on End Use:

• Residential

• Commercial

• Industrial

  
  

Based on Region:

• North America (U.S., Canada)

• Europe (Germany, France, UK, Rest of Europe)

• Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)

• Latin America (Brazil, Mexico, Rest of Latin America)

• Middle East & Africa (South Africa, UAE, Rest of MEA)

  
  

Frequently Asked Questions:

Q1. What is the current market size of the Global Purifiers Market? 

Ans. The global purifiers market size was estimated at USD 13.8 billion in 2023 and is expected to reach USD 26.8 billion by 2030, registering a CAGR of 9.6% during the forecast period of 2023-2030.

Q2. What are the major growth drivers of the Global Purifiers Market? 

Ans. The growth of the Global Purifiers Market is mainly driven by rising pollution levels, increasing health awareness, and technological advancements in purification solutions.

Q3. Which region holds the largest market share in the Global Purifiers Market? 

Ans. Asia-Pacific accounted for more than 45% of the market share in 2023, driven by rapid industrialization, urbanization, and a growing consumer base.

Q4. Which segment accounted for the largest market share in the Global Purifiers Market? 

Ans. The air purifiers segment accounted for the largest market share in 2023.

Q5. Who are the key market players in the Global Purifiers Market?

 Ans. Key players include Samsung Electronics Co., Ltd., LG Electronics Inc., Panasonic Corporation, Honeywell International Inc., Daikin Industries, Ltd., Koninklijke Philips N.V., Coway Co., Ltd., Whirlpool Corporation, Xiaomi Corporation, and Unilever PLC.