The Air Purifier Market is being driven by Technological innovation and portfolio extension leading to product premiumization
The Air Purifier Market is expected to grow at a CAGR of 8.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 7271.8 million. The Air Purifier market is experiencing significant growth due to increasing consumer awareness and demand for advanced, innovative air purification solutions. Smart air purifiers, in particular, are gaining popularity for their user-friendly design, energy efficiency, and advanced features. These appliances boast Energy Star certification, ensuring energy savings, and hassle-free maintenance through automated cleaning and maintenance. Additionally, smart air purifiers come equipped with alert systems, notifying users of any faults or issues, enhancing user comfort and convenience.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
208 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.2% |
Market growth 2025-2029 |
USD 7271.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
7.4 |
Key countries |
US, China, Japan, South Korea, Germany, India, UK, France, Italy, and Canada |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Air Purifier Market is witnessing significant growth due to rising concerns over airborne diseases, increasing pollution levels, and heightened health awareness. With urbanization and industrial activities contributing to outdoor and indoor air pollution, the need for effective air purification solutions is on the rise. HEPA filters, submicron glass fibers, and mechanical air filters are popular choices for removing pollutants such as mold spores, animal dander, dust mite, cockroach allergens, respirable particles, and pleated filters. Urban pollutants, including airborne infections from vehicular emissions and industrial processes, are also targeted by these advanced filtration systems. Extended-surface filters provide an additional layer of protection against these harmful contaminants, ensuring a higher standard of living and improved respiratory health.
The Air Purifier market falls under the segment of Small Household Appliances within the broader context of the global Household Appliances industry. This market is driven by factors such as increasing airborne diseases, rising pollution levels, and heightened health awareness leading to an improvement in standard of living. HEPA filters and submicron glass fibers are essential technologies employed in Air Filters, ensuring efficient removal of pollutants. Regulatory acts, such as the Clean Air Act, further fuel market growth. Product substitutes, including natural air fresheners and ionizers, pose competition. Smart home technologies integration is a significant trend, offering convenience and enhanced air quality monitoring.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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