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The air purifiers market size has experienced rapid growth in recent years, increasing from $2.02 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. This growth in the historic period can be attributed to the rise in air pollution levels, heightened health awareness, technological advances, increased prevalence of respiratory diseases, a growing geriatric population, and economic growth in emerging markets. Moving forward, the air purifiers market is expected to continue its upward trajectory, reaching $3.94 billion in 2028 at a CAGR of 14.5%. Factors driving this anticipated growth include a higher incidence of allergies, rising health consciousness, changing climate conditions, the increasing prevalence of obstructive sleep apnea, the lasting impact of the coronavirus, and growing urbanization. Noteworthy trends for the forecast period involve the development of smart air purifiers to align with changing consumer preferences, a focus on energy-efficient, multi-functional, portable, and wearable air purifiers, along with an increased emphasis on mergers and acquisitions as growth strategies to expand the customer base, all contributing to the industry’s evolution.

The air purifier market is experiencing growth driven by the escalating concern for airborne diseases. Health issues such as asthma, allergies, and other respiratory disorders associated with airborne diseases prompt consumers to invest in air purifiers for both commercial and residential spaces. For example, a report from the American Lung Association revealed that in 2021, 4 in every 10 people in the US lived with polluted air. The 22nd annual State of the Air report indicated that people of color were 61% more likely to reside in areas with unhealthy air compared to their white counterparts. The Department of Statistics in Singapore reported 246 cases of airborne diseases in the country. The increasing prevalence of airborne diseases underscores the growth potential of the air purifier market, projecting a rise from $X billion in 2023 to $Y billion in 2024 at a compound annual growth rate (CAGR) of Z%. Moving forward to 2028, the market is anticipated to reach $W billion, highlighting its continued expansion.

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What Are The Key Trends That Influence Air Purifiers Market Share Analysis?

The market for smart air purifiers is seeing a trend toward integration with smartphone applications, allowing users to monitor and manage air quality through their devices. For example, in August 2021, IKEA, a Switzerland-based home furniture company, introduced the STARKVIND smart air purifier. This indoor air purifier can be controlled and scheduled via the IKEA Home smart app. It features a built-in air quality sensor, five fan speeds, and an auto-mode that adjusts the fan speed based on the enclosed space.

Which Market Players Are Driving Growth In The Air Purifiers Market?

Major companies operating in the air purifiers market report are LG Electronics Inc., Coway Co. Ltd., Daikin Industries Ltd., Dyson Ltd., Whirlpool Corporation, Xiaomi Corporation, Resideo Technologies Inc., Koninklijke Philips N.V., Panasonic Corporation, Samsung Electronics Co. Ltd., Sunbeam Products Inc., YADU, Midea, Beiangtech, IQ Air, Honeywell International, Camfil, Sharp, Blue Air (Unilever), Teqoya, Dexwet True Filter Solutions, Tion, Americair Corporation, Wynd Technologies, Samsung Electronics America, Haier Group, Electrolux, GE Healthcare, Viking Range, Nordic Air Filtration, ResMed Inc., Phillips, Elaraby Group.

How Is The Global Air Purifiers Market Segmented?

The air purifiers market covered in this report is segmented –

1) By Type: Dust Collectors, Fume & Smoke Collectors, Other Types
2) By Technology: HEPA Filter, Activated Carbon, Other Technologies
3) By End-User: Residential, Commercial

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The Air Purifiers Global Market Report 2024 provides an overview of the air purifiersmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air purifiers market forecast analyzes air purifiers market size, air purifiers market share, leading competitor and their market positions.

The Table Of Content For The Air Purifiers Market Include

1. Air Purifiers Market Executive Summary
2. Air Purifiers Market Segments
3. Air Purifiers Market Size And Template Market Growth Rate
4.  Key Air Purifiers Market Trends
5. Major Air Purifiers Market Drivers
……
25. Key Mergers And Acquisitions In The Air Purifiers Market
26. Top Air Purifiers Companies
27. Air Purifiers Market Opportunities And Strategies
28. Air Purifiers Market, Conclusions And Recommendations
29. Appendix

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