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Air Purifier Market Size is Estimated to Exhibit USD 14.79 Billion By 2025: Grand View Research, Inc.

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Air Purifier Market Size is Estimated to Exhibit USD 14.79 Billion By 2025: Grand View Research, Inc.

August 19
08:08 2019
Air Purifier Market Size is Estimated to Exhibit USD 14.79 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Increasing airborne diseases and rising pollution level are anticipated to be the key factor behind the growth of the market over the forecast period. A burgeoning population, improved standard of living and increased health consciousness worldwide has been fueling the demand for air purifiers market.

According to a report, “Air Purifier Market Size, Share & Trends Analysis Report By Technology (HEPA (High Efficiency Particulate Air), Activated Carbon, Ionic Filters), By Application, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc.,The global air purifier market size is projected to reach USD 14.79 billion by 2025, according to a new report by Grand View Research, Inc. expanding at a CAGR of 10.7% over the forecast period.  Rising prevalence of health problems related to pollution in the emerging economies is forecast to drive the demand for the industry over the forecast period.

Increasing airborne diseases and rising pollution level are anticipated to be the key factor behind the growth of the market over the forecast period. A burgeoning population, improved standard of living and increased health consciousness worldwide has been fueling the demand for air purifiers. Several international organizations have set standards and regulations as well as issued guidelines, which are expected to drive the industry.

Air purifiers are now being considered a necessity in developed countries; however, they are considered a luxury good in developing countries such as India. The overall cost associated with the purchase and maintenance of these products is high, which proves to be a deterrent for many consumers and acts as a challenge for industry growth.

Key challenges faced by the market are the emission of ozone gas which affects the lungs, causing shortness of breath, and chest pain among other problems. A few international boards & governments have declared retraction on indoor cleaning devices which produce ozone gas beyond the limit.

Asia Pacific emerged as the leading market with 34.0% revenue share in 2018 and dominated the industry due to several factors including rapid urbanization and industrialization, followed by North America and Europe. North America is expected to surpass USD 4.00 billion by 2025 owing to various environmental protection laws and increasing awareness to curb pollution.

U.S. air purifier market

Further key findings from the report suggest:

  • In terms of value, the air purifier market is anticipated to reach USD 14.79 billion by 2025, on account of factors such as rising health concerns, deteriorating indoor air quality, and changing lifestyle preferences among consumers

  • HEPA technology is expected to dominate the market by 2025. The segment is expected to lose its market share to the ionic filter and the activated carbon segments owing to new product innovation and growing R&D.

  • Asia Pacific held the largest share in 2018 and is anticipated to register significant growth over the next seven years owing to rising demand for HEPA purifiers on account of its enhanced efficiency and effectiveness.

  • The air purifier market in the U.S. is anticipated to reach USD 3.23 billion by 2025. Increasing consumer consciousness regarding health issues & improved living standard has facilitated manufacturers to increase production of products for various applications.

  • The global market is fragmented with the presence of a numerous market participants. However, the market is dominated by big giants such as Panasonic Corporation, Unilever PLC, Honeywell International, Inc., and LG Electronics, Inc.


Application Insights

Commercial application segment dominated the market and is projected to grow at a CAGR of 10.5% from 2019 to 2025. Growing number of commercial spaces including offices, hospitals, educational institutes, and recreational facilities among others is expected to have a positive impact on the industry over the forecast period.

Residential application includes small and large scale homes and residential properties. This is expected to be one of the fastest growing application segments on account owing to the growing pollution levels and rapid urbanization in developing countries including India, and China. In addition, rising health consciousness among consumers globall will fuel product demand.

Global air purifier market

The ambient air quality has been deteriorating over the past decades owing to the growing industrialization and urbanization. This in turn affects the indoor air quality due to dust, gases, and other contaminants entering the indoor premises owing to which there has been a growing requirement for a clean environment which is expected to boost market growth over the next few years.

Request A Free Sample Copy Of Air Purifier Market Report At: www.grandviewresearch.com/industry-analysis/air-purifier-market/request/rs1

Air purifiers are used in numerous industries including HVAC, power plants, and manufacturing among others. Its eliminates weld smoke, asbestos, construction dust, tobacco smoke, and other particles that are harmful to employees and workers and also have a negative impact on the environment if untreated.

Regional Insights

Asia Pacific emerged as the leading regional market and accounted for 34.04% revenue share in 2018. The region is expected to dominate the industry on account of several factors including rapid urbanization and industrialization coupled with a growing population. Moreover, worsening air quality in several emerging countries in the region such as China, and India, and increasing spending on lifestyle products is expected boost the air purifier market growth.

The North America market is expected to reach USD 4.12 billion by 2025 owing to rising disposable income coupled with environmental protection laws, massive industrialization, and increasing awareness to curb pollution. Moreover, several retailing and promotional events offering discounts as well as attractive payment options may help in augmenting the demand for air purifiers over the forecast period.

Europe air purifier market is anticipated to grow at a CAGR of 9.9% over the forecast period owing to the high purchasing power of consumers coupled with growing awareness among individuals regarding various airborne diseases which is expected to increase the adoption air purifiers in future.

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  • North America Baby Food Market – The region is witnessing augmented demand from U.S. on account of rising health consciousness, strengthening brand marketing paired with rising number of working women. In addition, increasing trend of adopting premium organic baby foods is also one of the major contributors to the regional North America baby food market growth.

Grand View Research has segmented the global air purifier market on the basis of technology, application, and region.

Air Purifier Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • High Efficiency Particulate Air

  • Activated Carbon

  • Ionic Filters

  • Others

Air Purifier Applications Outlook (Revenue, USD Million, 2014 – 2025)

  • Commercial

  • Residential

  • Industrial

Air Purifier Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Website: www.grandviewresearch.com/industry-analysis/air-purifier-market