Air Purifier Market Size, Share, Growth & Forecast 2025

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MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com GLOBAL AIR PURIFIERS MARKET FORECAST & OPPORTUNITIES 2015 2025

description

Global air purifier market is exhibiting a CAGR of around 13% during 2020 - 2025 on account of rising concerns about various diseases due to pollution, growth disposable income, increasing product innovations and improving air filter availability through multiple channels. The global air purifier market is segmented based on filter type, end-user, region and competition. Based on the end-user segment, the market is bifurcated into commercial, industrial and residential. Until 2019, the commercial segment dominated the global air purifier market and the trend is expected to continue during the forecast period.Click: https://bit.ly/2VJJozn

Transcript of Air Purifier Market Size, Share, Growth & Forecast 2025

Page 1: Air Purifier Market Size, Share, Growth & Forecast 2025

MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com

GLOBAL AIR PURIFIERS MARKET

FORECAST & OPPORTUNITIES

2015 – 2025

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Scope of ReportProduct of Interest (POI): Air Purifiers

Review Period

2015 – 2018

Base Year

2019

Estimated Year

2020

Forecast Period

2021 – 2025

Year RangeREGION

• North America

• Europe

• Middle East & Africa

• Asia-Pacific

• South America

The global air purifiers market is expected to witness significant growth during the forecastperiod owing to the rising prevalence of airborne diseases along with increasing pollutionlevels in urban areas. Moreover, improving standard of living, increasing disposable incomeand growing health consciousness are some of the other major factors expected to drive themarket. Increasing need for the adoption of air pollution control equipment, especially in thedeveloping regions, is also anticipated to drive the demand for air purifiers.

Market Segmentation

FILTER TYPE

• HEPA & Activated Carbon

• Ion & Ozone

• Electrostatic Precipitators

• Activated Carbon and Ion & Ozone

• HEPA

• Activated Carbon

• Others

END USER

• Commercial

• Residential

• Industrial

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Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global Air Purifiers Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1.By Filter Type (HEPA & Activated Carbon, Ion & Ozone, Electrostatic Precipitators, Activated Carbon and Ion & Ozone, HEPA, Activated Carbon, Others)

5.2.2. By End User (Commercial, Residential & Industrial)

5.2.3. By Region (Asia-Pacific, North America, Europe, South America, MEA)

5.2.4. By Company (2019)

5.3. Market Attractiveness Index

6. Asia-Pacific Air Purifiers Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Filter Type

6.2.2. By End User

6.2.3. By Country

6.3. Asia Pacific: Country Analysis

6.3.1. Asia-Pacific: Country Analysis

6.3.1. China Air Purifiers Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value & Volume

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Filter Type

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S. No. Contents Page No.

6.3.2. India Air Purifiers Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value & Volume

6.3.2.2. Market Share & Forecast

6.3.1.2.2. By Filter Type

6.3.3. Japan Air Purifiers Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value & Volume

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Filter Type

6.3.4. South Korea Air Purifiers Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value & Volume

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Filter Type

6.3.5. Malaysia Air Purifiers Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value & Volume

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Filter Type

7. Europe Air Purifiers Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Filter Type

7.2.2. By End User

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S. No. Contents Page No.

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. France Air Purifiers Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Filter Type

7.3.2. Germany Air Purifiers Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Filter Type

7.3.3. United Kingdom Air Purifiers Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Filter Type

7.3.4. Netherlands Air Purifiers Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Filter Type

7.3.5. Italy Air Purifiers Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value & Volume

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S. No. Contents Page No.

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Filter Type

8. Middle East and Africa Air Purifiers Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Filter Type

8.2.2. By End User

8.2.3. By Country

8.3. Middle East and Africa: Country Analysis

8.3.1. South Africa Air Purifiers Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Filter Type

8.3.2. Saudi Arabia Air Purifiers Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Filter Type

8.3.3. UAE Air Purifiers Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Filter Type

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9. North America Air Purifiers Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Filter Type

9.2.2. By End User

9.2.3. By Country

9.3. North America: Country Analysis

9.3.1. United States Air Purifiers Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Filter Type

9.3.2. Mexico Air Purifiers Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Filter Type

9.3.3. Canada Air Purifiers Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Filter Type

10. South America Air Purifiers Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

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10.2. Market Share & Forecast

10.2.1. By Filter Type

10.2.2. By End User

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Air Purifiers Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Filter Type

10.3.2. Argentina Air Purifiers Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Filter Type

10.3.3. Colombia Air Purifiers Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Filter Type

11. Market Dynamics

11.1. Drivers

11.2. Challenges

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Table of Contents

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12. Market Trends & Developments

13. Competitive Landscape

14. Strategic Recommendations

15. About Us & Disclaimer

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RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global air purifiers

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global air purifiers

market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global air purifiers market. The team has analyzed the

outlook of various segments of this market, while considering the major influencing factors such as rising prevalence of airborne diseases along with

rising pollution levels in urban areas. The study includes market forecasting, which would enable our clients to take better decisions while planning

their strategy to achieve sustainability in the global air purifiers market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2019 was calculated based on information collected

through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as air purifier companies, channel

partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 air purifiers companies, 100 – 120 end users, 15 – 20 industry experts and other value chain stakeholders in

the global air purifiers market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard

deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.

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Research Methodology

• Respondents were asked about the current and future market growth rates, market shares by filter type, by end user, by each region, and by

company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various

segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from

other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares shares by filter type, by end user, by each region, and by company were calculated based on the responses received through primary

surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of air

purifiers markets. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after

eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global air purifiers

market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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Research Methodology

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),

with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ Sunbeam Products Inc.

▪ Xiaomi Corporation

▪ Whirlpool Corporation

▪ Americair Corporation

▪ Dyson Technology Limited

▪ Blue Star Ltd

▪ Daikin Industries, Ltd.

▪ LG Electronics Inc.

▪ Eureka Industries Ltd.

▪ Atlanta Healthcare

▪ IQAir AG,

▪ Koninklijke Philips N.V.

▪ Honeywell International Inc.

▪ Camfil AB

▪ COWAY Co Ltd

▪ Panasonic Corporation

▪ Blueair AB

▪ Samsung Electronics Co. Ltd

▪ Sharp Corporation

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci Research report, “Global Air Purifier Market By Filter Type, By End User, By Region, Competition, Forecast &

Opportunities, 2025”, the global air purifier market is forecast to grow at a CAGR of around 13% during 2020 – 2025 due to growing

health concerns among people about indoor air pollution, rising number of product innovations and increasing disposable income. To

meet the increasing requirements and looking at rising air pollution levels, globally, leading market players are focusing more towards

developing high-end air purifiers, which is expected to further drive global air purifier market through 2025.

The shift towards using air purifiers is expected to increase over the next five years due to rising health consciousness among the

people and increasing incidences of health-related problems due to air pollution. The global air purifier market is segmented based

on the product type, end-user, region and competition. Based on the end-user, the market is bifurcated into Residential, Commercial

and Industrial. Until 2019, the commercial segment dominated in the global air purifier market and the segment’s share is forecast to

further increase during the forecast period. Further, the global air purifier market is segmented based on filter type which includes

HEPA & Activated Carbon, Ion & Ozone, Electrostatic Precipitators, HEPA & Activated Carbon + Ion & Ozone, HEPA, Activated

Carbon and Others. Till 2019, HEPA & Activated Carbon category held the largest share in the global air purifier market.

Asia Pacific accounts for the largest share in the global air purifier market and this trend is anticipated to continue with the region

grabbing more than 55% share by 2025. Camfil AB, Panasonic Corporation, IQAir AG, Blueair AB, Koninklijke Philips N.V., Honeywell

International Inc., Coway Co., Ltd., Sharp Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., Austin Air Systems Ltd. ,

Jarden Consumer Solutions (Europe) Limited, AllerAir Industries, Alen Corporation, Eureka Forbes Ltd., Rabbit Air, Beijing YADU

Science & Technology Co., Ltd., and Daikin Industries Ltd are some of the leading players operating in the global air purifier market.

The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost

their market share and to expand their customer base.

.

“Asia Pacific holds the largest share in the global air purifier market, followed by North America, owing to growing industrial air

pollution in both the regions. Both of these regions account for more than 90% of the global air purifier market. Asia-Pacific is

expected to continue its dominance in the coming years, which can be attributed to rising and ageing population, increasing air

pollution and growing awareness about its impact on human health.” said Mr. Karan Chechi, Research Director with TechSci

Research, a research-based global management consulting firm.

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Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00

2015 2019 2020E 2025F

By Value (USD Million)

By Volume (Million Units)

Global Air Purifiers Market Size, By Value (USD Million) & By Volume (Million Units), 2015–2025F

CAGR By Value & Volume

XX%CAGR By Value & Volume

YY%

North America Air Purifiers Market Share, By Filter Type, By Value, 2015–2025F

30%30%30%30%30%30%30%30%30%30%30%

20%20%20%20%20%20%20%20%20%20%20%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

HEPA & Activated Carbon Ion & Ozone Electrostatic Precipitators

Activated Carbon and Ion & Ozone HEPA Activated Carbon

United States Air Purifiers Market Share, By Filter Type, By Value, 2015–2025F

30%30%30%30%30%30%30%30%30%30%30%

20%20%20%20%20%20%20%20%20%20%20%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

10%10%10%10%10%10%10%10%10%10%10%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

HEPA & Activated Carbon Ion & Ozone Electrostatic Precipitators

Activated Carbon and Ion & Ozone HEPA Activated Carbon

Page 17: Air Purifier Market Size, Share, Growth & Forecast 2025

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Report Name: GLOBAL AIR PURIFIERS MARKET

FORECAST & OPPORTUNITIES

2015 – 2025

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Page 18: Air Purifier Market Size, Share, Growth & Forecast 2025

About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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