Authored By: Sarah
15 Nov 2023

Air Purifier Market to witness growth at a CAGR of 7.3% through 2023 - 2027  | Market Growth and Analysis
Market Growth and Forecasts for 2023-2027

According to estimates, the air purifier market will grow at a CAGR of 7.3%  from 2023 to 2027 followed by a market revenue growth of   USD 5.58 billion. The market's expansion is dependent on a number of variables, including the simplicity of use and convenience of air purifiers, rising air pollution levels, and technological innovation and portfolio expansion that lead to product premiumization.

Navigating through the emerging market trends it is observed that one of the major trends in the air purifier industry is the advent of smart, connected air purifiers. The market for creative products and sophisticated air purifiers is growing, which gives businesses more chances to launch smart air purifiers. Users may operate air purifiers effortlessly and without difficulty which are designed with several technologies, aesthetic enhancements, and user-friendliness in mind.

Senior Analyst at Technavio Quoted ~ Innovation and portfolio extension leading to product premiumization are driving growth in the air purifier market "

Air Purifier Market to witness growth at a CAGR of 7.3% through 2023 - 2027  | Market Growth and Analysis

Snapshot of the Air Purifier Market


When it comes to the market drivers the market for air purifiers is expanding due to portfolio expansion and technological innovation that results in product premiumization. The global market for air purifiers has become more competitive over time. Furthermore, as technology has advanced and innovated more, consumer preferences and needs have shifted, increasing the market for novel items. Since it has become more difficult for rivals to compete in the market, they have continued to invest in R&D and innovation. 

Companies like 3M Co., Daikin Industries Ltd., Honeywell International Inc., IQAir North America Inc., Koninklijke Philips NV, LG Electronics Inc., Panasonic Corp., Samsung Electronics Co. Ltd., Unilever Group, and Whirlpool Corp. are some of the major market participants that come with a wide array of offerings for the consumers.

Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers along with key companies which are likely to impact the market in focus. Track down a detailed analysis of the prevalent market forces, trends, and drivers that are likely to impact the market in focus in our report.

Air Purifier Market Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive air purifier market growth during the next five years
  • Precise estimation of the air purifier market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the air purifier market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on market players.
  • Comprehensive details of factors that will challenge the growth of the air purifier market players
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