Residential Air Purifier Market (By Type: Standalone/Portable, In-Duct; By Technology: HEPA, Activated Carbon, Ionic Filters) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20222030

The global residential air purifier market size was valued at USD 3.8 billion in 2020, and is predicted to be worth around USD 6.6 billion by 2030, registering a CAGR of 6.1% during the forecast period 2022 to 2030.

Growth Factors

The increasing prevalence of airborne diseases and increasing levels of pollution in urban areas across the globe have been the key factors favoring the growth of this market for residential air purifiers. Also, the global population is growing health consciousness mingled with the improving standards of living and rising disposable incomes. There is a rising awareness pertaining to the harmful impact of air pollution is also driving the adoption of air pollution control equipment, especially in developing regions across the globe. Growing demand for a healthy lifestyle, especially among the urban youth, is expected to be a significant contributor to the growth of this market in the coming years.

The lockdown measures taken by governments of various countries have resulted in boosting the sales of home appliances such as air purifiers, cleaning appliances, kitchen appliances, and water filtration devices. Rising awareness regarding healthy living has contributed to the increased sales of air purifiers across the globe. The outdoor air quality in various cities across the globe has witnessed an improvement, meeting the WHO guidelines of clean air, on account of the lockdowns enforced to curb the spread of COVID-19.

Report Coverage

By Technology Analysis

In terms of revenue, the High-efficiency Particulate Absorbing (HEPA) filter technology segment held the largest revenue share of around 40.0% in 2021. This is mainly attributed to the high performance and reliability of HEPA filters to effectively trap and remove airborne particles. 

The high-quality and reliability of HEPA filters to remove airborne particles is anticipated to fuel its adoption in the residential air purifier market. However, other contaminants in the air such as Volatile Organic Compounds (VOCs), viruses, bacteria, and mold are not trapped in HEPA filters.

Activated carbon air filters have excellent trapping capacity owing to the high surface area of the carbon granules and microporosity, which makes them very effective in trapping gases, fumes, odors. These types of filters are used for absorbing gases and odors from cooking, mold, chemicals, pets, and smoke.

By Type Analysis

The standalone or portable air purifier segment dominated the market for residential air purifiers and accounted for the largest revenue share of around 65.5% in 2021. The dominance of standalone air purifiers is mainly attributed to its portability, simple operation without any structural changes in the house and easy maintenance. 

The in-duct air purifiers segment is expected to witness a CAGR of around 6.5% in the market for residential air purifiers during the forecast period. The healthy growth of this segment is primarily due to the rising awareness pertaining to the lung diseases associated with deteriorating outdoor air quality. 

By Regional Analysis

Asia Pacific dominated the market for residential air purifiers and accounted for the largest revenue share of around 42.0% in 2021. Some of the major factors favoring the dominance of the region include robust urbanization and rapid industrialization, along with a growing population, increasing disposable income, and overall income levels.

In North America, the market for residential air purifiers is estimated to expand at a CAGR of 5.3% over the forecast period. High penetration and increasing adoption of the residential air purifiers in the North American households in mainly attributed to the air quality policies such as establishing national ambient air quality standards by the U.S. EPA, the U.S. Clean Air Act, and comprehensive strategies for emission reduction by the Environment Canada.

Key Players 

• DAIKIN INDUSTRIES, Ltd.

• Sharp Home (Sharp Corporation)

• Honeywell International Inc.

• Panasonic Corporation

• LG Electronics

• Koninklijke Philips N.V.

• Dyson

• SAMSUNG

• Whirlpool

• Blueair (Unilever)

Market Segmentation

• By Type

  • Standalone/Portable

  • In-Duct

• By Technology 

  • HEPA

  • Activated Carbon

  • Ionic Filters

  • Others

• Regional

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

The residential air purifier market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of residential air purifier market for the base year 2021 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global residential air purifier market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the residential air purifier market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted residential air purifier market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the residential air purifier capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of residential air purifier by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global residential air purifier market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major residential air purifier market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of residential air purifier market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the residential air purifier industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

residential air purifier market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to residential air purifier market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of residential air purifier market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new residential air purifier market. These factors have benefited the growth of the global market for residential air purifier. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for residential air purifier. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of residential air purifier are as follows:

• History Year: 2019-2020

• Base Year: 2021

• Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2019-2021) and forecast (2022-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.