Air Purification Market is expected to reach US$ 73437.36 Million by 2028

Rising Air Purification Products Sale in Emerging Countries Provide Lucrative Opportunities for Air Purification Market

According to our new research study, titled “Air Purification Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, Application, and Geography,” the air purification market is projected to reach US$ 73437.36 million by 2028 from US$ 23809.52 million in 2021. It is estimated to grow at a CAGR of 17.7% from 2021 to 2028.

The demand for air purification products prominently comes from emerging countries wherein investment prospects and an increase in the uptake are showing a positive outlook. Emerging countries are ongoing rapid urbanization and industrialization, along with a growing population with increased disposable income, creating potential opportunities for air purification products. For instance, India holds a potential opportunity for the growth of air purification products, which is strengthening the market outlook. The FDI equity inflow in the manufacturing sector has increased by 76% in FY 2021-22 to US$ 21.34 billion compared to the previous FY 2020-21 to US$ 12.09 billion. Thus, such growth prospects in the manufacturing sector are bringing the need for a healthy and safe working environment for the workers, further accelerating the air purification market over the forecast period. Thus, such growth prospects in 2021 are further anticipated to bring more lucrative opportunities for air purification manufacturers during the forecast period, driving the market.

The air purification market in Asia Pacific is primarily attributed to increasing airborne diseases, the growing uptake of air purifiers in the industrial sector, and supportive government regulations for air purity. The countries in Asia Pacific are highly vulnerable to airborne diseases due to the rise in industrial activities and construction projects. As per the World Air Quality Report 2021, none of the Indian cities met the prescribed World Health Organization air quality standards of 5 micrograms per cubic meter in 2021. The report has also stated that 35 of the top 50 most polluted cities in the world are from India.

The increasing launch of new products by leading players is strengthening the market dynamics over the projected period. For instance, in April 2022, Aura Air, an Israel-based air purification products manufacturer, planned to introduce a smart air management platform in India. This product offers a platform that can be connected to IoT-enabled air purifiers through smartphones and helps them remove airborne particles. It enables them to optimally detect, capture, and kill viruses, bacteria, and molds. It also delivers real-time updates for the overall indoor and outdoor applications.

The air purification market has been analyzed on the basis of product type, application, and geography. Based on product type, the market is segmented into activated carbon filtration, high-efficiency particulate air (HEPA), ionizer purifiers, ultraviolet germicidal irradiation (UVGI), and others segment. The HEPA segment accounted for the largest market share in 2021 due to the growing demand for air purifiers in various industries, primarily semiconductors, and microelectronics.

Based on application, the market is segmented into commercial, residential, and industrial. The commercial segment accounted for the largest market share in 2021.

In terms of geography, the market is divided into 5 regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South America. In 2021, Asia Pacific dominated the overall market, and Europe contributed to the second-largest market share.

Impact of COVID-19 Pandemic on Air Purification Market

The COVID-19 pandemic has affected the growth of several industries worldwide, including the air purification market. The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicle and human movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries

The COVID-19 outbreak has created a huge revenue opportunity for air purification makers as high-performance units using HEPA and activated carbon technology has become prevalent to minimize the spread of the virus indoors. A high-quality, high-performance air purification can filter particles down to 1 micron, and the COVID-19 virus is estimated to be about 1.2 microns. As a result, manufacturers are confident in offering indoor solutions that will sustain demand in the near future.

Increased consumer awareness of air purification due to COVID-19 presents an opportunity for air purification retailers to increase sales. Some companies are ramping up the production of air quality systems by adding various technologies, such as high-efficiency particulate filters (HEPA), photocatalytic purifications, activated carbon purifications, and ion filters. During the initial outbreak and before nationwide lockdowns and social distancing norms were implemented, air purification makers saw a slight spike in consumer demand as a precaution against the virus. In addition, some air purifiers are equipped with antibacterial and antiviral filters for viruses, such as H1N1, which is expected to increase demand during the forecast period.

ACTIVEPURE TECHNOLOGIES LLC; WHIRLPOOL CORPORATION; CAMFIL; DAIKIN INDUSTRIES, LTD.; HONEYWELL INTERNATIONAL, INC.; IQAIR NORTH AMERICA, INC.; KONINKLIJKE PHILIPS N.V.; LG ELECTRONICS, INC.; PANASONIC CORPORATION; UNILEVER PLC are key players operating in the market. In addition, several other market players have been analyzed to understand the air purification market.

Air Purification Market Share – by Region, 2021

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