Air Purifier Market Size, Developments Status, Trends and Leading Players Analysis, Forecast 2027

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The global Air Purifier market size is expected to surpass around US$ 16.99 billion by 2027 and the market is expected to garner growth at a CAGR of 10.6% over the forecast period 2021 to 2027.

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Growth Factors

Release of harmful gases from the chemical industries as well as other manufacturing industries contaminate the environment and gives rise to airborne diseases. Despite of various government norms related to the air pollution control, compulsory filtration of industrial gases before releasing them in air, and other regulations related to the use of bio-friendly processes; air quality is still depleting at a rapid pace. The above mentioned factors significantly trigger the need for air purifier to prevent the airborne disease as well as to maintain the air quality.

Market Report Scope

Report Highlights Details
Market Size USD 16.99 Billion by 2027
Growth Rate CAGR 10.6% From 2020 to 2027
Base Year 2021
Largest Market Asia Pacific
Fastest Growing Market North America

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Market Overview

A recent study by Precedence Research on the Air Purifier market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Air Purifier market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Air Purifier. The study also provides the dynamics that are responsible for influencing the future status of the Air Purifier market over the forecast period.

A detailed assessment of the Air Purifier market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Air Purifier market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • The Asia Pacific anticipated to be the fastest growing market over the forecast period due to rising industrialization & rapid urbanization along with rising population with increased disposable income
  • North America projected to maintain its significant market share in the upcoming years because of notable contribution from technological advancement and numerous applications
  • HEPA technology segment held the majority of value share in the year 2019 and projected to exhibit substantial growth over the analysis period
  • Activated carbon filters poses exceptional trapping capacity due to larger surface area of carbon granules that makes them very effective in trapping fumes, gases, and odors
  • The commercial application captured the largest market share of nearly 70% in the year 2019 because of rising demand of air purifiers in educational institutions and office spaces
  • The residential application anticipated to witness the fastest CAGR of around 12% over the analysis period due to increasing pollution levels along with rapid urbanization

Regional Snapshots

The Asia Pacific dominated the global air purifier market in the year 2019 and anticipated to exhibits the fastest growth over the forecast period. The prime factors attributed to this are rapid urbanization as well as rising industrialization in the region. Further, large population in the region triggers the demand for personal and commercial mode of transportation that again contributes prominently towards the rising level of air pollution in the region. To curb the air pollution, government has issued stringent regulations for vehicle emission as well as release of gases from industries.

Europe expected to hold significant value share and expected to surpass USD 3.76 Billion by the year 2027 due to rapid growth of application industries in U.K., Italy, Germany, and France. In addition, most of the global manufacturers are based in Europe, especially in the U.K. and Germany; in addition also accounts for a substantial share in the total exports of equipment around the world.

Central and South America predicted to register significant value growth, with a growth rate of 4.9% over the analysis period. The market provides tremendous potential and lucrative opportunities to the air purifier manufacturers because of high growth in the developing countries that include Argentina and Brazil. The region expected to gain an economic recovery in Brazil together with other countries that anticipated contributing remarkably for the steady market growth.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Honeywell International, Inc.
  • IQAir North America, Inc.
  • LG Electronics, Inc.
  • Aerus LLC
  • Unilever PLC
  • Daikin Industries, Ltd.
  • Panasonic Corporation
  • Koninklijke Philips N.V.
  • Whirlpool Corporation
  • Hamilton Beach Brands, Inc.

Segments Covered in the Report

By Technology

  • Activated Carbon
  • High Efficiency Particulate Air
  • Ionic Filters
  • Others

By Application

  • Residential
  • Commercial
  • Industrial

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Air Purifier market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Air Purifier are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Air Purifier Market, By Product

7.1. Air Purifier Market, by Product Type, 2020-2027
7.1.1. Activated Carbon
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. High Efficiency Particulate Air
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Ionic Filters
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Others
7.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Air Purifier Market, By Application

8.1. Air Purifier Market, by Application, 2020-2027
8.1.1. Residential
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Commercial
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Industrial
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Air Purifier Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. Honeywell International, Inc.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. IQAir North America, Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. LG Electronics, Inc.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Aerus LLC
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Unilever PLC
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Daikin Industries, Ltd.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Panasonic Corporation
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Koninklijke Philips N.V.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Whirlpool Corporation
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Hamilton Beach Brands, Inc.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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