Air Purifier Market Size Worth $14.79 Billion By 2025

According to a study by Grand View Research, Inc., the Air Purifier Market was valued at USD 7.27 billion in 2018 and is estimated to expand at a CAGR of 10.7% over the forecast period (2019 – 2025). Growing health awareness, harmful effects of air pollution, and increasing disposable income is expected to fuel the industry growth. Increasing number of vehicles along with industrialization and urbanization have contributed to immense air pollution around the world.

Air purifiers have now become a necessity, which once were just considered a luxury. Smoke particles and volatile organic compounds (VOCs) pose serious risks to health. Dust, pet dander, pollen, and mold spores can also cause allergies to people who are sensitive to them. In order to improve air quality, air purifiers are extensively used to get rid of contaminants from air.

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

In the North America region, U.S. held the largest market share in 2018. The growth is due to increasing awareness to curb pollution, higher disposable income, environmental protection laws, and massive industrialization. Asia Pacific held a significant share of the market in terms of revenue in 2018, due to rapid industrialization and urbanization, among other factors.

Press Release: Air Purifier Market Size Worth $14.79 Billion By 2025 

Other factors that are expected to drive the growth of the air purifier industry include set regulations, standards, and guidelines by international and government organizations for controlling indoor air quality. Moreover, several efforts and initiatives by governments and NGOs for air pollution awareness are further expected to boost air purifier industry growth over the forecast period. For instance, in U.K., Clean Air Day campaign is conducted in order to create awareness among people about different sources of air pollution as well as to tackle air pollution with effective and sustainable solutions.  

However, air purifiers being considered as luxury items in developing countries is a factor affecting the growth of the market. Another deterrent for many consumers is high product price and high cost associated with product maintenance and replacement of components and filters.

In order to gain a competitive advantage, manufacturers often compete on the price factor. The industry has a presence of a large number of participants and is highly fragmented in nature. Some of the prominent players operating in the air purifier market include  Honeywell International, Inc.; Unilever PLC; Panasonic Corporation; and LG Electronics, Inc.; IQAir North America, Inc.; Aerus LLC; Daikin Industries, Ltd.; Hamilton Beach Brands, Inc.; and Whirlpool Corporation.

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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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