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Pulished Date October, 2021
ID: 12344
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Air Purification System Market Segmentation by Type (Dust Collectors, Fume and Smoke Collectors, and Others); By Technology (HEPA Filters, Activated Carbon, Ionic Filter and Other); By End-User (Residential and Commercial) - Demand Analysis & Opportunity Outlook 2026

Pulished: October, 2021
ID: 12344
Pages: 175

Air purification systems market Size & Growth (2021-2026):

The air purification systems market is expected to increase at a CAGR of 12.94% from USD 16.12 billion in 2021 to USD 29.62 billion in 2026. Increased pollution, particularly in emerging nations, faster industrialisation, and restrictions governing industrial emissions are driving up demand for air filtration systems.

An air purification system is a device that helps remove pollutants from the air and is beneficial for allergy and asthma sufferers since it cleans the air. The gadget can also be used to remove secondhand smoke, and the intended audience is primarily smokers. Poor indoor air quality (IAQ) is a source of concern for schools, buildings, and hospitals because it can harm the health of those who work there. Falling air quality, rising income levels, an ageing population, technical breakthroughs, and the impact of the coronavirus are just a few of the factors propelling the air purification system market forward.

Air purifier manufacturers are gradually developing energy-efficient equipment to reduce their environmental impact and deliver energy savings to consumers. Government regulations governing electric home appliances, as well as technological advancements, have contributed to the rise of energy-efficient appliances. Energy-efficient appliances are built to utilise the least amount of energy feasible to do the task at hand. As a result, consumers save a lot of money. All major equipment, including air purifiers, have energy efficiency ratings. Energy-efficient appliance regulations and labelling are already in place in over 80 countries.

Recent Developments:

According to Aura Air, an air purification company that offers solutions that make the air clean and safe, Innovative Bioanalysis Laboratory today published studies demonstrating Aura's efficiency in cleansing indoor air from the SARS-CoV-2 virus. After testing, Aura's smart air purification system was found to eliminate 99.99 per cent of airborne SARS-CoV-2 particles, including Delta variant particles, in just 60 minutes.

According to Unilever PLC, even as a business in the United States and Europe returns to normal, pandemic-related restrictions in numerous important countries are limiting sales growthSharp's Sharp Xperience event included some new product lines. It is concentrating on household appliances because it has experience in this field. The main product category is air treatment, and affordability is the buzzword, with new equipment such as a £109 air purifier, a £34.99 scent diffuser, a £449 portable air conditioner, and two £229 and £279 dehumidifiers.

Daikin Industries, the world's largest air conditioner manufacturer, will open its third manufacturing facility in India at Sri City, Andhra Pradesh, to make air conditioners and their components.

Market Drivers:

As people become more health concerned, the market for air purifiers is booming. Infectious diseases and pathogens have become more common. As a result, there is a heightened awareness of the significance of preserving hygiene in both care and residential settings, which is boosting the air purifier market. In recent years, there has been a significant increase in public awareness. By 2020, 35% of Indians will have modified their diet and 34% will have started yoga and exercise programmes. As a result, increased health awareness is driving the air purifier market forward.

Restraints:

Air purifiers are regarded as luxury commodities because of their high adoption and maintenance costs, which are market-restricting factors. Air purifiers cost between $200 and $900, according to Consumer Reports, and they require a lot of maintenance because the filters need to be cleaned two or three times a year, and some have many filters. For example, the average carbon activated filter air purifier on the market that eliminates bad odours requires the filter to be replaced every three months to be functional, which costs $50, as well as the primary filter, which costs $20 to $200 each.

AIR PURIFICATION SYSTEMS MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021–2026

Base Year

2020

Forecast Period

2021–2026

CAGR

12.94%

Segments Covered

  • Type
  • Technology
  • End-User

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Honeywell International Inc (US), 3M Co (US), Carrier (US), Whirlpool (US), Sharp Corp (Japan), Panasonic (Japan), Samsung (South Korea), LG Electronics (South Korea), IQAir (Switzerland), Unilever PLC (England), Dyson (UK), Koninklijke Philips N.V. (Netherlands)

Market Segmentation

Air purification systems market By Type:

  • Dust Collectors

  • Fume and Smoke Collectors

  • Others.

The fume and smoke collectors market was the most lucrative area of the air purifiers market by type in 2020, accounting for $791.3 million, or 49.1% of the total market. During the period 2021-2026, the dust collector market is predicted to grow at the quickest rate, with a CAGR of 11.5 per cent.

Air purification systems market By Technology:

  • HEPA filters

  • Activated Carbon

  • Ionic Filter

  • Other technologies

In 2020, the HEPA filter market accounted for $850.2 million, or 52.8 per cent of the total market, and it is expected to grow at a CAGR of 9.6 per cent from 2021 to 2026.

Activated carbon or activated charcoal filters are made up of small particles of carbon in powdered blocks or granular form that have been treated with oxygen to open the pores of carbon atoms. This boosts the carbon's ability to absorb airborne particles by increasing its surface area and porousness. These filters capture gases and odours from cooking, mould, chemicals, pets, and smoke.

The ionic filters segment is predicted to increase at a CAGR of 8.3 per cent over the forecast period. Ionic filters have a larger market penetration than other filters because they do not need to be replaced as frequently. However, the creation of ionised air and ozone during the purification process causes respiratory problems including asthma, which is likely to limit the technology's applicability.

Other air purification technologies include UV irradiation, photocatalytic oxidation, ozonation, non-thermal plasma, and electrostatic precipitators. The photocatalytic oxidation method may transform fine particles as small as 0.1 micron and hazardous gases into safer compounds. This approach eliminates VOCs, germs, and chemically active substances (CACs).

Air purification systems market By End-User:

  • Residential

  • Commercial

The residential market, which accounted for $1,179.9 million or 73.3 per cent of the entire market in 2020, was the largest section of the air purifiers market by end-user. During the period 2021-2026, the commercial market is predicted to develop at the quickest rate, with a CAGR of 9.1%.

Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle east and Africa 

In 2020, Asia Pacific dominated the market, accounting for 41.6 per cent of worldwide revenue. This is due to a combination of causes, including expanding urbanisation and industrialisation, as well as a bigger population with more discretionary income. Furthermore, rising smog and air pollution situations, particularly in nations like India and China, are predicted to drive air purifier usage, complementing regional market expansion.

Growing urbanisation, governmental policies, and increased industrialization are only a few of the factors that have harmed South Korea's ecological balance and lowered air quality. Rising public awareness of the health risks and diseases associated with exposure to hazardous particles at work or home is expected to boost the market growth in the country.

The North American market is predicted to increase at an annual pace of 8.8% over the forecast period. Air quality policies such as the United States Environmental Protection Agency's establishment of national ambient air quality standards, the United States Clean Air Act, and Environment Canada's comprehensive emission reduction plans are expected to open up new opportunities for air purifier manufacturers.

During the forecast period, demand for air purifiers in Mexico is expected to rise due to the increased use of comprehensive ambient air quality monitoring systems, as well as the development and implementation of regulatory actions and the organisation of air quality management programmes to raise public awareness.

In Western Europe, the market for air filtration systems will grow at the fastest rate after APAC and North America. The leading income contributors in the sector are Germany, France, and the United Kingdom. The penetration rate is likely to rise in the next years as end-user awareness grows, propelling the air purifier business forward. From 2021 to 2026, the Middle East and Eastern Europe will be the fastest-growing regions in the air purifiers market, with CAGRs of 13.0 per cent and 11.5 per cent, respectively.

Key Players:

  1. Honeywell International Inc (US)
  2. 3M Co (US)
  3. Carrier (US)
  4. Whirlpool (US)
  5. Sharp Corp (Japan)
  6. Panasonic (Japan)
  7. Samsung (South Korea)
  8. LG Electronics (South Korea)
  9. IQAir (Switzerland)
  10. Unilever PLC (England)
  11. Dyson (UK)
  12. Koninklijke Philips N.V. (Netherlands)

Market Leader:

  • Daikin from Japan is the leader in the Air Purification System Market.

Impact of COVID-19 on Air purification systems market:

The COVID-19 epidemic has increased demand since the healthcare industry has increased expenditure on installing high-quality air purifiers to keep the area pathogen-free. Because UV-based purification is becoming more popular, the air purification system industry has a lot of promise. If used appropriately, air purifiers can help minimise air contaminants, including viruses, in homes or confined places, according to the United States Environmental Protection Agency (EPA). Portable air filters, on the other hand, are insufficient to protect humans against COVID19.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Air Purification System Market, By Type                        

                                6.1.1 Dust Collectors      

                                6.1.2 Fume and Smoke Collectors            

                                6.1.3 Others      

                                6.1.4 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.5 Y-o-Y Growth Rate Analysis             

                                6.1.6 Market Attractiveness Index          

                6.2 Air Purification System Market, By Technology                           

                                6.2.1 HEPA Filters            

                                6.2.2 Activated Carbon 

                                6.2.3 Ionic Filter               

                                6.2.4 Other        

                                6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.6 Y-o-Y Growth Rate Analysis             

                                6.2.7 Market Attractiveness Index          

                6.3 Air Purification System Market, By End-User                               

                                6.3.1 Residential              

                                6.3.2 Commercial            

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Air Purification System Market, by Region                      

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Technology       

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Technology       

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Technology       

                                7.4.4 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Technology       

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Technology       

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 Honeywell International Inc                

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 3M Co                           

                8.3 Carrier                          

                8.4 Whirlpool                    

                8.5 Sharp Corp                  

                8.6 Panasonic                    

                8.7 Samsung                      

                8.8 LG Electronics                            

                8.9 IQAir                              

                8.10 Unilever PLC                            

                8.11 Dyson                         

                8.12 Koninklijke Philips N.V.                       

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional,and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identifying the regions that are still untapped
  • The segment-level analysis in terms of Type, Technology, By End-User and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment
  • Competitive landscape analysis lists out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Air Purification System  Market By Region, From 2021-2026 ( USD Billion )
  2. Global Air Purification System  Market By Type, From 2021-2026 ( USD Billion )
  3. Global Dust Collectors Market By Region, From 2021-2026 ( USD Billion )
  4. Global Fume and Smoke Collectors Market By Region, From 2021-2026 ( USD Billion )
  5. Global Others Market By Region, From 2021-2026 ( USD Billion )
  6. Global Air Purification System  Market By Technology, From 2021-2026 ( USD Billion )
  7. Global HEPA Filters Market By Region, From 2021-2026 ( USD Billion )
  8. Global Activated Carbon Market By Region, From 2021-2026 ( USD Billion )
  9. Global Ionic Filter  Market By Region, From 2021-2026 ( USD Billion )
  10. Global Other Market By Region, From 2021-2026 ( USD Billion )
  11. Global Air Purification System  Market By End-User, From 2021-2026 ( USD Billion )
  12. Global Residential  Market By Region, From 2021-2026 ( USD Billion )
  13. Global Commercial Market By Region, From 2021-2026 ( USD Billion )

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