Air Purifier Market to Achieve $28.8 Billion by 2031

Global Air Purifier Industry Projected to Reach $28.8 Billion by 2031

Air Purifier Market - 2024-2031 Meticulous Research a leading global market research company, published a research report titled, Air Purifier Market Size, Share, Forecast, & Trends Analysis by Product Type (HEPA, Activated Carbon, Ionic, Hybrid), Circulation (Forced, Natural), Portability, Distribution Channel, End User (Industrial, Residential, Commercial), and Geography - Global Forecast to 2031. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5841?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=03-09-2024 The latest report by Meticulous Research projects that the global air purifier market is expected to reach $28.8 billion by 2031, with a steady compound annual growth rate (CAGR) of 8.9% from 2024 to 2031. This growth is primarily fueled by increasing urbanization and indoor air pollution, rising demand for energy-efficient air purifiers, growing public awareness of the health risks associated with poor air quality, and various government initiatives aimed at improving air quality standards. However, the high costs associated with purchasing and maintaining air purifiers continue to pose a challenge for market expansion. Market Segmentation: Product Type: The air purifier market is segmented by product type, including HEPA purifiers, activated carbon air purifiers, ionic air purifiers, UV air purifiers, hybrid air purifiers, and others. The HEPA purifiers segment is anticipated to dominate in 2024, accounting for approximately 48% of the market. This dominance is driven by rising air pollution in urban areas, heightened awareness of health risks from poor air quality, and stringent government regulations. For instance, Dyson introduced the Purifier Big+Quiet with a HEPA-H13 grade particle filter for large rooms in August 2023. Portability: The market is further divided into standalone/portable and in-duct/fixed air purifiers. The in- duct/fixed segment is expected to command a larger share of around 57% in 2024, driven by advancements in HVAC systems and increased commercial investments in air quality improvement. Meanwhile, the standalone/portable segment is forecasted to grow at a higher CAGR, propelled by rising sales in the residential sector and the benefits of targeted air cleaning. Distribution Channel: The distribution channels for air purifiers are split between online and offline. The offline segment is anticipated to hold a dominant 72% market share in 2024, supported by in-store purchasing guidance and immediate product availability. However, the online segment is expected to grow at a faster rate due to the rapid expansion of e-commerce, 24/7 accessibility, and advantages such as a wider variety of products, easy comparison of features, and customer reviews. End User: End users of air purifiers are categorized into industrial, residential, and commercial sectors. The commercial segment is projected to hold the largest share of around 55% in 2024, driven by strategic developments, stringent government regulations on indoor air quality, and increased public Page 1 of 2 Meticulous Research| sales@meticulousresearch.com

Air Purifier Market - 2024-2031 awareness. For example, ISO-Aire introduced new commercial-grade air purifiers for various indoor spaces in July 2023. Geography: Geographically, the air purifier market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to lead the market in 2024, with a market share of approximately 43%. This dominance is attributed to rapid industrialization, urbanization, rising disposable incomes, and technological advancements in HVAC systems. The region also grapples with severe air pollution, prompting stricter government regulations and the introduction of advanced air purifiers by market players. The Asia-Pacific region is forecasted to achieve the highest CAGR of around 10% during the forecast period. Key Industry Players: Leading companies in the air purifier market include Honeywell International Inc., Dyson, Panasonic Corporation, IQAir, Unilever PLC, Blueair, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., LG Electronics Inc., Carrier Global Corporation, Winix Inc., Whirlpool Corporation, Sharp Corporation, Resideo Technologies Inc., and AllerAir Industries Inc. Buy Now@ https://www.meticulousresearch.com/Checkout/25692774?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=03-09-2024 About Meticulous Research : Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 Meticulous Research| sales@meticulousresearch.com