Growing Automotive Sector Spurs Demand for Air Purifiers Worldwide

The global air purification market is estimated to be valued at USD 41.26 billion in 2024, with projections indicating a strong growth at a CAGR of 17.1%, reaching USD 200.7 billion by 2034.

The air purification market has experienced significant growth as concerns over air quality and respiratory health continue to rise globally. Air purification systems, which include devices like air purifiers, filters, and scrubbers, are designed to remove contaminants, allergens, and harmful particles from the air, creating a cleaner and healthier indoor environment. These systems find applications in residential, commercial, and industrial settings, offering solutions tailored to specific needs. The surge in awareness about the health effects of air pollution, coupled with increased industrialization and urbanization, has led to a growing demand for air purification solutions worldwide.

Market Insights

The air purification market is characterized by a variety of products and technologies, each suited to different air quality challenges. High-efficiency particulate air (HEPA) filters, activated carbon filters, and UV-based purification are among the leading technologies. HEPA filters, in particular, have gained popularity for their ability to capture fine particles, making them effective against allergens like pollen, dust, and pet dander. Meanwhile, activated carbon filters are highly effective in removing odors and volatile organic compounds (VOCs), making them ideal for use in industrial and commercial environments. The market is also witnessing an increase in demand for portable air purifiers, driven by the need for personal space management and enhanced mobility. This trend has been amplified by the growing focus on wellness and indoor air quality, particularly in urban areas with high pollution levels.

Dynamics and Growth Factors

Several factors are driving the growth of the air purification market. The increasing awareness of the adverse effects of indoor and outdoor air pollution on health has been a major catalyst. This awareness has been heightened by events like wildfires, which have drawn attention to the need for effective air purification solutions during periods of poor outdoor air quality. Additionally, the rise in respiratory conditions such as asthma and allergies has made air purifiers a necessity in many households. On the commercial side, industries such as manufacturing, pharmaceuticals, and food processing are adopting air purification systems to meet regulatory standards and ensure the safety of their work environments. Technological advancements, including the development of more energy-efficient and quieter air purifiers, have also contributed to market growth by making these systems more attractive to a broader audience.

List of Key Companies Profiled in The Report

• Daiken Industries Ltd.
• American Air & Water Inc.
• Eureka Forbes Ltd.
• Honeywell International Inc.
• Hitech Ultraviolet Pvt. Ltd.
• IQAir
• Panasonic Corporation
• Others

Recent Industry News

Recent industry developments in the air purification market underscore the growing focus on technological innovation and sustainability. For example, several leading companies have introduced air purifiers equipped with advanced sensors that provide real-time feedback on air quality levels. This feature enables users to track improvements in air quality, making the effectiveness of the device more transparent. In addition, there has been a surge in collaborations between air purifier manufacturers and tech firms to create devices that integrate seamlessly with existing smart home ecosystems. These collaborations have resulted in products that offer enhanced user experiences through voice control and app-based functionalities. Furthermore, new regulations in various countries regarding indoor air quality standards have prompted businesses to invest in air purification systems, contributing to a steady demand for commercial-grade solutions.

Competitive Landscape

Key players in the air purification market are employing various strategies, such as new product development, enhancing product quality, and optimizing supply chain management to boost profitability and expand their presence across different regions.

For example:

In May 2021, Daikin introduced a new range of portable air purifiers aimed at improving indoor air quality, specifically targeting the Middle East & Africa markets.

In October 2020, Koninklijke Philips N.V. launched “The Urban Living Series,” a new line of air purifiers featuring AeraSense and VitaShield intelligent technologies to deliver superior air filtration.