Residential Air Purifiers Market

The global residential air purifiers market size is expected to grow from USD 8.31 billion in 2020 to USD 13.71 billion by 2026 at a CAGR of 8.7%.

The growth of this market is largely driven by the growing popularity of smart homes, supportive government regulations for the monitoring and control of effective air pollution, increasing public and private funding for effective air pollution monitoring, rising global air pollution levels, and increasing public health care and environmental impacts of air pollution. Also, the need for energy-efficient cleaners and R&D has been made to bring new products to market to help market growth. However, the high cost of these products and the technical limitations associated with air quality monitoring products are expected to hinder the growth of this market during the monsoon season.

According to our findings, the residential air purifiers market is expected to grow at a CAGR of 8-10% over the next two years. According to our analysis, the following factors play a major role in shaping the global market growth;

The advent of COVID-19 has created significant opportunities for leading air purifier manufacturers, through more efficient units, combining HEPA with more efficient, more popular carbon technology, to reduce the spread of the virus in confined spaces. The premium, highly efficient purifier can filter up to 1-micron particles, and the COVID-19 viral load is estimated to be 1.2 microns. As a result, manufacturers have shown confidence in being able to provide a solution for indoor spaces, in the event of an outbreak, which will keep the need for the future closer.

Growing awareness among consumers regarding air purification after COVID-19 is an opportunity for air purification retailers to increase their sales. Some companies are increasing the production of air quality systems with the use of different technologies such as High-Efficiency Particulate Air (HEPA) filters, photocatalytic cleaners, carbon cleaners, and ionic filters.

In India, during the first outbreak and before the introduction of national norms and anti-social norms, air purifiers have seen a slight increase in consumer demand as a means of controlling the virus. Also, some air purifiers have anti-virus and anti-virus filters for viruses such as H1N1 and others, which are expected to further the demand.

On the supply side, the residential air purifiers market business has been severely disrupted since lockdown began around the world. Internet sales and sales have stalled due to disruption of goods, shipping, and online channels used exclusively for the delivery of essential goods. While this has led to the suspension of residential sales, air purification companies rely on end-users of commercial ventures to create demand during that time. However, without disruption to the procurement process, after the closure of the closure restrictions, global air purification companies have started using existing catalogs to deal with disruptive products and global trade.

Smart connected homes equipped with smart devices allow residents to control or edit a list of automated devices/homes remotely with a smartphone. Smart homes are often equipped with devices, such as sensors and sensors, to monitor, analyze, and control the quality of indoor air quality. When air quality is below the required level, the sensors approach the pollutants in the air and signal air quality monitors to start cleaning the air.

The cost of maintenance of pollution control equipment is also high (up to 10% of the cost of installing total maintenance over 5-6 years). The high costs associated with the purchase, installation and maintenance of these air-conditioning sensors are further exacerbated by the implementation of strict pollution control policies in mature markets that require compliance with air pollution control monitoring. Adherence to these strict policies results in additional costs for the development and implementation of air and sensor filters that meet regulatory requirements.

Emerging markets such as China, India, Brazil, and Russia are expected to provide significant opportunities for air purifiers and distributors in the coming years. This could be due to rising levels of pollution in these countries, coupled with an increase in population, an increase in the number of airborne diseases, an increase in consumer spending due to population growth and waste disposal, and higher government spending on effective air quality.

Indoor air pollution is one of the most serious natural threats to human health. According to the National Security Council, a person spends an average of 90% of their time indoors. Manufacturers of indoor air quality monitoring face significant challenges in designing and developing products to identify and control complex air pollution. These indoor pollutants can emit gases such as carbon monoxide and nitrogen dioxide, which are difficult to decompose with regular air filters.

By technology, the residential air purifiers market is divided into HEPA filters (high-efficiency particulate arresting or high-efficiency particulate air) and other technologies. The other technologies segment contains electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment has had a major market share in 2019. Growing concern for environmental sustainability, raising public awareness about the health impacts of air pollution, and the growing popularity of smart/national households on food have led to increased adoption of HEPA technology in the residential air purifiers market.

By type, the residential air purifiers market is divided into portable/stand-alone purifiers and in-duct purifiers. The portable/stand-alone cleaning unit is expected to experience the highest growth during the dry season. This is mainly due to the need to remove sources of pollution or pathogens from the body, increasing the popularity of smart homes / health-assisted neighborhoods, and increasing public awareness of the health effects of air pollution. In addition, their installation is more expensive compared to in-duct systems.

Asia Pacific is the largest regional market for residential air purifiers. The rapid adoption of advanced technologies for indoor air quality, continuous technological advances in the particle field, rising public and private finances and investments, and the availability of supportive government regulations are key drivers of the Asia Pacific residential air purifiers market.

The major players in this market are Sharp Corporation (Japan), LG Electronics Inc. (South Korea), Honeywell International Inc. (US), Daikin Industries, Ltd. (Japan), Panasonic Corporation (Japan), Dyson (UK), and Koninklijke Philips N.V. (Netherlands).