Air Purifiers Global Market Report 2023: Rising Concern Around Airborne Diseases Boosts Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Air Purifiers Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The global air purifiers market will grow from $1.79 billion in 2022 to $2.02 billion in 2023 at a compound annual growth rate (CAGR) of 13.1%. The air purifiers market is expected to grow to $3.41 billion in 2027 at a CAGR of 14.0%.

North America was the largest region in the air purifierss market in 2022. Asia Pacific was the second-largest region in theair purifiers market. The regions covered in the air purifiers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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.

For instance, according to the report by the American Lung Association, in 2021, 4 in every 10 people in the US live with polluted air. further, the 22nd annual "State of the Air" report shows that people of color were 61% more likely to live in a country with unhealthy air than white people. As per the department of statistics in Singapore, there were 246 cases of airborne diseases reported across Singapore. Therefore, the increasing prevalence of airborne diseases contributes to the growth of the air purifier market.

The high installation and maintenance costs of air purifiers are hindering the market growth. Individuals in urban cities in developing nations consider air purifiers a luxury. Regular maintenance cost for air purifiers also adds as an additional expense, which is for filter changes and cleaning of media filter because of continuous use.

For instance, a home air purifier will cost up to $1,000 and the installation of an air purifier will be added extra over it. The customers cannot gauge the benefit of using air purifiers against any parameters and this leaves them clueless in understanding the actual benefit of the purifier against the money invested. Therefore, high installation and maintenance costs coupled with customers' lack of understanding about the appliance have a negative impact on the growth of the air purifiers market.

The use of smart air purifiers through the smartphone-enabled application is a key trend in the market. Smart air purifiers allow the air quality to be monitored and managed from a smartphone application, which provides a live reading of quality data. For instance, in August 2021, IKEA, a Switzerland-based company operating in the home furniture, introduced STARKVIND, a smart air purifier. STARKVIND smart air purifier is designed for indoor use that can be can be controlled and scheduled via the IKEA Home smart app, with the built-in air quality sensor it has five different fan speeds and an auto-mode and can adjust the fan speed correlated with enclosed space.

In April 2021, iRobot Corp., a consumer robots company announced the acquisition of privately held Aeris Cleantec AG, a premium air purifiers company for an undisclosed amount. The acquisition enables iRobot to make more innovative robotics and intelligent home solution. Aeris Cleantec AG is a premium air purifier market based in Switzerland, Germany established in 1900.

The countries covered in the air purifiers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

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Scope

Markets Covered:

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

A selection of companies mentioned in this report includes

• Honeywell International Inc.
• Whirlpool Corp
• Sharp Corporation
• Daikin Industries Ltd.
• LG Electronics Inc.
• Dyson Ltd.
• Panasonic
• Xiaomi Corporation
• Blue Air
• Coway
• Samsung Electronics Co. Ltd.
• Koninklijke Philips
• Sunbeam Products Inc.
• Americair Corporation
• Electrolux
• YADU
• Midea
• Lexy
• Austin
• Beiangtech

For more information about this report visit https://www.researchandmarkets.com/r/tvh7it-purifiers?w=4

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