The Air Purifiers Global Market Report 2023 by The Business Research Company, provides air purifiers market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with The Business Research Company’s comprehensive Air Purifiers Global Market Report for the year 2023, it is anticipated that the market’s dimensions will undergo a substantial expansion, progressing from $1.79 billion in 2022 to an estimated $2.02 billion in 2023, reflecting a noteworthy compound annual growth rate (CAGR) of 13.1%. However, the trajectory of global economic recuperation from the lingering effects of the COVID-19 pandemic has been temporarily hindered by the Russia-Ukraine conflict. This geopolitical tension has resulted in the imposition of economic sanctions on multiple nations, a notable escalation in commodity prices, and disruptions within the global supply chain. Consequently, these multifaceted repercussions have spurred inflationary pressures across diverse sectors, significantly impacting global markets. Despite these challenges, the market for air purifiers on a global scale is poised for robust growth, with an anticipated market size reaching $3.41 billion by the year 2027, and a CAGR of 14.0%.
The rising concern for airborne diseases is driving the air purifiers market. An increase in health issues such as asthma, allergies, and other breathing disorders due to airborne diseases encourages consumers to invest in air purifiers at commercial and residential locations.
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The air purifiers market is segmented:
1) By Technology: HEPA Filter, Activated Carbon, Other Technologies
2) By Type: Dust Collectors, Fume & Smoke Collectors, Other Types
3) By End-User: Residential, Commercial
Top 5 Major Players:
- Honeywell International Inc
- Whirlpool Corp
- Sharp Corporation
- Daikin Industries Ltd
- LG Electronics Inc
A prominent trend within this burgeoning market is the pervasive adoption of smart air purifiers, facilitated through smartphone-enabled applications. This innovative technological integration empowers users to monitor and regulate air quality seamlessly via a dedicated smartphone application, furnishing real-time data readings. A noteworthy illustration of this trend is exemplified by the introduction of STARKVIND, a smart air purifier by IKEA, a Switzerland-based company renowned for its expertise in home furniture. Launched in August 2021, STARKVIND is specifically engineered for indoor use and offers an array of advanced features. Notably, it can be controlled and scheduled through the IKEA Home smart app, providing users with a comprehensive interface for managing air quality. Equipped with a built-in air quality sensor, STARKVIND boasts five distinct fan speeds, an auto-mode functionality, and the capability to dynamically adjust fan speed based on the dimensions of the enclosed space. This innovative foray into smart air purification not only underscores the industry’s commitment to technological advancements but also signifies a paradigm shift in consumer preferences towards intelligent, connected solutions for optimizing indoor air quality.
1. Executive Summary
2. Air Purifiers Market Characteristics
3. Air Purifiers Market Trends And Strategies
4. Air Purifiers Market – Macro Economic Scenario
5. Air Purifiers Market Size And Growth
….
26. Africa Air Purifiers Market
27. Air Purifiers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air Purifiers Market
29. Air Purifiers Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Air Purifiers Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Air Purifiers Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Air Purifiers Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 46: Honeywell International Inc. Financial Performance
Table 47: Whirlpool Corp Financial Performance
Table 48: Sharp Corporation Financial Performance
Table 49: Daikin Industries Ltd Financial Performance
Table 50: LG Electronics Inc. Financial Performance
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