Residential Air Purifier Market

Air Purifier is a device that eliminates air pollutants to improve indoor air quality. Air purifiers are majorly designed to assist allergy sufferers, asthma patients, and reduce passive tobacco smoke. Nowadays, the air has become highly toxic in most of regions due to the increasing number of vehicles on the road. The rush of vehicles in metropolitan cities has grown the amount of harmful pollutants in the air. Air purifiers provide the benefits of inhaling fresh air at home with its filtering technologies.

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The primary factor driving the growth of the global residential air purifier market is increasing pollution across the globe with the rise in the number of vehicles on the road. The annual population rate is increasing worldwide, which is further raising the occupancy at public places. These over-occupied places increase the presence of contaminants in the air. Air purifiers provide technology to inhale fresh air at home, which is increasing the demand for residential air purifiers. The growing trend of smart homes, government initiatives to effectively monitor and control air pollution, public and private funding to counter air pollution, and increasing awareness of health and pollution are further surging the growth of the global residential air purifier market.

The Covid-19 pandemic has provided many opportunities for air purifier manufacturing companies as the demand for purified air in enclosed spaces has increased to restrict virus from spreading. High-performance air purifiers are capable of filtering particles of size 1 micron. The Covid-19 virus is assumed to be of 1.2micron size. Air purifier manufacturers are boosting their research & development activities to innovate premium filtering technologies, provide solutions to filter this virus for indoor environment and fulfill the growing demand for energy-efficient purifiers. These innovations are likely to propel the growth of the global residential air purifier market.

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Based on the technology, the market is segmented into high-efficiency particulate matter (HEPA) and other technologies. The high-efficiency particulate matter (HEPA) segment is anticipated to witness a faster CAGR over the forecast period. HEPA air purifiers have the capability to effectively filter particulate matter of size PM2.5, PM10. HEPA can restrict large airborne particles, such as pollen, dust, animal dander, and cockroach allergens. It comes with two major standards- 99.95% (European Standard) and 99.97% (ASME Standard), which filter particulate matter of size greater or equal to 0.3 micrometers. These features play a significant role in driving the growth of the HEPA segment in the global residential air purifier market.

Based on the type, the market is segmented into portable/stand-alone air purifiers and in-duct air purifiers. The portable/stand-alone air purifiers segment is expected to grow at a higher CAGR over the forecast period. The primary factor surging the growth of this segment is the cost-effectiveness of portable/stand-alone air purifiers as compared to in-duct air purifiers. Other factors, such as rising awareness regarding health and energy-efficiency, increasing popularity for smart homes, and growing concern for environmental sustainability, are further propelling the growth of the portable/stand-alone air purifiers segment in the global residential air purifiers market.

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Based on the region, the Asia-Pacific region is projected to grow at a higher CAGR during the forecast period. It is attributed to the growing adoption of indoor air quality monitoring technologies, continuous technological enhancements of particulate sensors and filtering, supportive government regulations due to the concern regarding environmental sustainability, and public & private funding. Rapid industrialization and the growing rate of population is increasing the air contaminants, which are further increasing the demand for air purifiers. This increase in demand is likely to surge the growth of the residential air purifier market in Asia-Pacific.

Various notable players operating in the market, include, Sharp Corporation, Daikin Industries, Ltd., Panasonic Corporation, Honeywell International Inc, LG Electronics, Dyson, Samsung, Unilever, Whirlpool Corporation, Xiaomi, among others. 

Key Developments:

• • In 2019, Xiaomi launched its new air purifier, the Mi Air Purifier 3. It has a triple-layered filter, which includes a primary filter (intercepts particles of PM10 and above), an activated carbon filter (eliminates toxic substances, formaldehyde, and foul odor), and a HEPA filter (eliminates 99.97% of PM2.5 particles).
  • In 2019, Samsung launched new air purifiers, which are designed to provide clean air for every environmental condition. These new air purifiers provide smart technologies and convenient features with cutting-edge technologies that guarantee 99.97% filtration of particles.

The global residential air purifier market has been segmented on the basis of technology, type, and regions. Based on technology, the market is segmented into high-efficiency particulate air (HEPA) and other technologies. Based on type, the market is segmented into portable/stand-alone air purifiers and in-duct air purifiers. Based on region, the global residential air purifier market is segmented into North America, Europe, Asia-Pacific, and roW. 

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Key questions answered in this research report:

• • At what pace is global residential air purifier market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in residential air purifier market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global residential air purifier market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various type areas of global residential air purifier market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Residential Air Purifier Market by Technology

• • High-Efficiency Particulate Air (HEPA)
  • Other Technologies

Global Residential Air Purifier Market by Type

• • Portable/Stand-Alone Air Purifiers
  • In-Duct Air Purifiers

Global Residential Air Purifier Market by Region

• • North America Residential Air Purifier Market (Option 1: As a part of the free 25% customization)
    • North America Residential Air Purifier Market by Technology
    • North America Residential Air Purifier Market by Type
    • US Residential Air Purifier Market All-Up
    • Canada Residential Air Purifier Market All-Up
  • Europe Residential Air Purifier Market (Option 2: As a part of the free 25% customization)
    • Europe Residential Air Purifier Market by Technology
    • Europe Residential Air Purifier Market by Type
    • UK Residential Air Purifier Market All-Up
    • Germany Residential Air Purifier Market All-Up
    • France Residential Air Purifier Market All-Up
    • Spain Residential Air Purifier Market All-Up
    • Rest of Europe Residential Air Purifier Market All-Up
  • Asia-Pacific Residential Air Purifier Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Residential Air Purifier Market by Technology
    • Asia-Pacific Residential Air Purifier Market by Type
    • China Residential Air Purifier Market All-Up
    • India Residential Air Purifier Market All-Up
    • Japan Residential Air Purifier Market All-Up
    • Rest of APAC Residential Air Purifier Market All-Up
  • RoW Residential Air Purifier Market (Option 4: As a part of the free 25% customization)
    • RoW Residential Air Purifier Market by Technology
    • RoW Residential Air Purifier Market by Type
    • Brazil Residential Air Purifier Market All-Up
    • South Africa Residential Air Purifier Market All-Up
    • Saudi Arabia Residential Air Purifier Market All-Up
    • UAE Residential Air Purifier Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Residential Air Purifier Market All-Up

Major Players Operating in the Residential Air Purifier (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sharp Corporation
  • Daikin Industries, Ltd.
  • Panasonic Corporation
  • Honeywell International Inc
  • LG Electronics
  • Dyson
  • Samsung
  • Unilever
  • Whirlpool Corporation
  • Xiaomi