According to the Market Statsville Group (MSG), the global air purifiers market size is expected to grow from USD 14.93 billion in 2022 to USD 31.11 billion by 2033, growing at a CAGR of 6.9% from 2023 to 2033. The growing popularity of smart homes, supporting government legislation for effective air pollution monitoring and management, and increased public awareness of the healthcare and environmental repercussions of air pollution are driving the expansion of this industry. In addition, the necessity for an energy-efficient air purifier, as well as R&D to bring novel products to market, is assisting market growth. Nevertheless, the high cost of these devices, as well as the technological constraints associated with air quality monitoring equipment, are projected to impede market growth throughout the projection period.
Moreover, supportive government initiatives for effective air pollution monitoring & control, for instance, in September 2021, the Indian Government inaugurated the first functional smog tower in Delhi on International Day of Clean Air for Blue Skies. The smog tower is a structure that is used as a large/medium-scale air purifier to reduce pollutants by forcing air through filters. This will also create opportunities in the market over the forecasting period all over the globe.
Air purifiers are devices that filter the air to eliminate infectious or polluting particles such as dust or pollen; they are used to maintain good air quality while limiting the spread of dangerous chemicals. Air purifiers can help prevent diseases caused by air pollution, such as respiratory issues and neurological issues. Air purifiers are also useful for allergy and asthmatic sufferers; these machines are also used to eliminate cigarette smoke from a room. Air purifiers are also utilized in a variety of sectors, including printing, power plants, food and beverage processing, chemical manufacturing, and fuel manufacture. Because certain of the gases and airborne particles emitted in this business can be detrimental to personnel and have a significant impact on the environment if not managed, air purifiers are essential for air monitoring and cleaning. Air purifiers are also used in residences to enhance indoor air quality by eliminating odors, smoke, and airborne dust particles.
The COVID-19 pandemic led several firms in the worldwide smart air purifiers industry to temporarily suspend operations in order to comply with new government restrictions aimed at limiting disease transmission. This halt in operations has a direct impact on the air filter market's revenue flow. Also, manufacture of industrial items has ceased due to a scarcity of raw materials and workers during the lockdown time. Also, no fresh consignments are received by enterprises in this industry. As a result, the stop in industrial activity and lockout for many months impacted the smart air purifiers market share, and the market is expected to recover slowly throughout the projection period.
Several emerging and developed nations have observed a steep increase in the rate of industrialization and urbanization in the global economy that act as a prominent demand for the market growth over the forecast period. As the world constantly urbanizes and industries facing pollution, many organizations and other industrial sectors are expanding their production output, which, in turn, is leveraging the demand for air purifier market. The air purifiers are used in various industries such as food and beverage, printing, chemical, power plants, and fuel manufacturing. Air purifiers are used in this industry for air monitoring and cleaning while manufacturing process various gases and airborne particles released, which are harmful to the employees and can affect the environment substantially if not controlled. In addition, air purifiers are used in homes to improve indoor air quality by eliminating odors, smoke, and airborne dust particles.
Furthermore, the rapid expansion in the setup of new facilities, including processing and manufacturing industries as a result of urbanization, is expected to favour this market. For instance, as per the data published by the World Bank, several leading nations, including Italy, China, Vietnam, and India, hold around 71%, 60%, 37%, and 34%, respectively, of their population living in urban localities by 2020. With this increasing rate of urbanization across the world, the standards of living of individuals are improving. Thus, many individuals prefer the use of air purifier as it increases life expectancy, which results in driving the growth of the market.
Most portable or stand-alone air purifiers can only monitor the air quality of a small area and don't have three-dimensional data collection capabilities. Instead of active monitoring sensor nodes, many air quality monitoring systems use passive sensor nodes, requiring periodic and manual data updates. Active monitoring sensor nodes can automate data collecting, data transfer, and data storage through wireless or other networks. Due to the lack of active monitoring sensor nodes, restricts market expansion and negatively impacts adoption.
Moreover, HEPA filters collect all the microorganisms over time and are left untreated. These filters have the potential to become ideal breeding grounds for bacteria and germs. The clumped microscopic creatures can quickly increase, allowing them to re-enter the room. This makes many people dubious about installing an air purifier or going natural. In addition, UV rays eliminate all particulate matter that goes through a filter. UV technology is frequently paired with air filters to achieve optimal efficiency and air quality. People are also surprised by the facts since the UV-activated filter tends to break down oxygen and water molecules into ozone and hydroxyl. The elements that have been broken down will then react with other contaminants, making them even more dangerous. As a result, UV air purifiers may not be viable for particle matter. Many UV air purifiers miss out on trapping microorganisms due to the shielding provided by the particles. Thus, limitations associated with air quality monitoring products will hamper the market’s growth.
Advancing technologies penetration significantly impacts the global air purifier market. The ability to infect and exacerbate the COVID-19 infection has expanded threefold since confirmation of virus may be airborne and transmit through fine particles in the air that last considerably longer, and travel far farther than previously predicted. As a result, although vaccinations and other forms of treatment are being developed to eradicate the virus from the human body, it is important to inactivate and neutralize virus the air. Ultraviolet (UV) light technology is one potent choice among the limited technology solutions that have recently gained attention. Ultraviolet germicidal irradiation (UVGI) is gained when UV is employed as a germicidal agent to neutralise bacteria.
In addition, the adoption of portable air purifier is another factor that creates a lucrative growth opportunity for the market in the forthcoming years. The rise in demand for air purifiers and growing concerns about indoor air quality have resulted in a significant demand for portable air purifiers all over the world. Furthermore, the growth of the portable air purifier market is aided by an increase in disposable income and a shift in lifestyle and spending patterns.
The study categorizes the air purifiers market based on technology, and application area at the regional and global levels.
Based on the type, the market is divided into high efficiency particulate air (HEPA), activated carbon, ionic filters and others. The high efficiency particulate air (HEPA) segment is expected to dominate the market share in 2022 in the global air purifiers market. The high efficiency particulate air (HEPA) segment currently dominates the market share in the air purifiers market. HEPA filters are particularly efficient in capturing airborne particles such as smoke, dust, bio-contaminants, and pollen. Because of the high fineness and dependability of HEPA filters to remove airborne particles, the global air purifier business is expected to witness growing product penetration. Filters using activated carbon or charcoal are formed of microscopic particles of carbon that have been treated with oxygen particularly to open the pores of the carbon atoms. As a result, the carbon becomes porous and has a bigger surface area, increasing its ability to trap airborne particles.
Based on the regions, the global air purifiers market has been segmented across Europe, North America, the Middle East & Africa, Asia-Pacific, and South America. Asia Pacific is projected to account for the highest market share in 2022. Due to a variety of factors, such as a greater population with more disposable money and rising urbanization and industrialization. According to a 2019 Clean Air Coalition research, East Asia accounted for more than 35% of worldwide premature deaths due to air pollution, followed by South Asia. A common contributor to airborne particulates is a lack of enforcement and regulations for industrial emissions, domestic heating, and oil-based road transportation. Rising smog and air pollution levels, notably in China and India, are expected to boost the use of air purifiers and encourage regional market growth. Some of the factors that have impacted South Korea's ecological balance and lowered air quality are political actions and fast urbanization.
The air purifiers market is a significant competitor, and extremely cutthroat in the sector are using strategies including product launches, partnerships, acquisitions, agreements, and growth to enhance their market positions. Most sector businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.
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