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Air Purification Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type and Application

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    Report

  • 174 Pages
  • September 2022
  • Region: Global
  • The Insight Partners
  • ID: 5659418
The air purification market is expected to grow from US$ 23,809.52 million in 2021 to US$ 73,437.36 million by 2028. It is estimated to grow at a CAGR of 17.7% from 2022 to 2028.

Air purifiers are air cleaner devices that remove contaminants from the air in a room to improve air quality. The increasing concern for rising air pollution levels in indoor and outdoor spaces is augmenting the need for air purifiers. As per the United States Environmental Protection Agency (EPA), indoor air can be five times as polluted as outdoor air. Since indoor air is not circulated as much as the outside air, many airborne pollutants continue to thrive inside, further emerging the need for air purifiers, which helps drive the air purification market.

Furthermore, a factor supporting the air purification market dynamics throughout the anticipated time is the significant technological advancement from leading industry competitors. For example, in November 2020, Molekule, a pioneer in the US air purification industry, unveiled its patented Photo Electrochemical Oxidation (PECO) air purification system. Additionally, in February 2021, Molekule launched two products in India, the Molikule Air Mini and Air Mini+, which are excellent choices for both residential and commercial applications. Therefore, it is expected that these developments will propel the air purification market throughout the forecast period.

The air purification market is segmented on the basis of product type, application, and geography. Based on product type, the market is segmented into Activated Carbon Filtration, High-efficiency Particulate Air (HEPA), Ionizer Purifiers, Ultraviolet Germicidal Irradiation (UVGI), and others. Based on application, the market is segmented into commercial, residential, and industrial. Further, the market is divided into 5 regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The key companies operating in the field of Air Purification market that are profiled in the report include Activepure Technologies LLC; Whirlpool Corporation; Camfil; Daikin industries, LTD.; Honeywell International, INC.; IQAir North America, INC.; Koninklijke Philips N.V.; LG Electronics, INC.; Panasonic Corporation; and Unilever PLC.

Impact of COVID-19 Pandemic on Air Purification Market

The COVID-19 outbreak dramatically impacted the global economy during its initial days and peak in 2020. The crisis hampered the business activities in manufacturing industries. Before the outbreak, the air purification market was experiencing substantial growth owing to the growing population, increasing disposable income, and easy availability of credit and financing in the industrial equipment sector. In the pre-pandemic scenario, there were significant investments in the development of Air Purification that could strengthen the air purification market growth. However, the eruption of the pandemic slowed down the investments and shut production units, hampering the market. During the initial days of the pandemic, the crisis restricted all business deals, collaborations, and partnerships, which shattered the market significantly.

The COVID-19 pandemic has had a swift and severe impact on the globally integrated manufacturing industry. The pandemic disrupted the parts exports from China, interrupted large-scale manufacturing across Europe, and closed assembly plants in the US. All these factors are declining the demand for air purification solutions worldwide. However, with ease in restrictions and the reopening of business units, the demand for woodworking and meat processing is rising and achieving the new normal.

From 2021, market players have significantly invested in adopting advanced technologies in the industrial equipment and machinery industry. The pandemic has forced businesses to restructure their business models, focusing on strengthening strategies to achieve economies of scale. Furthermore, the COVID-19 pandemic has invoked a rising need for featured air purification solutions that enable high precision and performance, which are trending among consumers. Therefore, although the global air purification market plummeted initially due to the adverse impact of the COVID-19 pandemic and the related regulations, it has achieved a strong recovery from the pandemic and is expected to gain strong recovery in the coming years due to the rise in the uptake of advanced technologies across the world.

The Air Purification Market size has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. The process also serves the purpose of obtaining an overview and forecast concerning all the market segments. Also, primary interviews were conducted with industry participants to validate data and gain more analytical insights into the topic. Participants in this process are industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Air Purification market.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Air Purification Market - By Product Type
1.3.2 Global Air Purification Market - By Application
1.3.3 Global Air Purification Market - By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Air Purification Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Air Purification Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Urbanization & Industrialization is propelling the market growth
5.1.2 Supportive Government Regulations and Policies for improving the Air Quality Drives the Market Growth
5.2 Key Market Restraints
5.2.1 Low cost substitutes may hamper the growth of the market
5.3 Key Market Opportunities
5.3.1 Rise in Sale of Air purification Products from Emerging Countries holds potential opportunity for growth of the market
5.4 Trends
5.4.1 Rising adoption of Portable Residential Air Filter
5.5 Impact analysis of Drivers and Restraints
6. Air Purification Market - Global Market Analysis
6.1 Air Purification Market Global Overview
6.2 Global Air Purification Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Air Purification Market Revenue and Forecast to 2028 - Product Type
7.1 Overview
7.2 Air Purification Market, By Product Type (2021 And 2028)
7.3 Air Purification Market, By Product Type (2021 And 2028)
7.4 Activated Carbon Filtration
7.4.1 Overview
7.4.2 Activated Carbon Filtration: Air Purification Market Revenue and Forecast To 2028 (US$ Million)
7.5 High-efficiency Particulate Air (HEPA)
7.5.1 Overview
7.5.2 High-efficiency Particulate Air (HEPA): Air Purification Market Revenue and Forecast To 2028 (US$ Million)
7.6 Ionizer Purifiers
7.6.1 Overview
7.6.2 Ionizer Purifiers: Air Purification Market Revenue and Forecast To 2028 (US$ Million)
7.7 Ultraviolet Germicidal Irradiation (UVGI)
7.7.1 Overview
7.7.2 Ultraviolet Germicidal Irradiation (UVGI): Air Purification Market Revenue and Forecast To 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Air Purification Market Revenue and Forecast To 2028 (US$ Million)
8. Global Air Purification Market Analysis - By Application
8.1 Overview
8.2 Air Purification Market, By Application (2021 And 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: Air Purification Market Revenue and Forecast To 2028 (US$ Million)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: Air Purification Market Revenue and Forecast To 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Air Purification Market Revenue and Forecast To 2028 (US$ Million)
9. Air Purification Market - Geographic Analysis
9.1 Overview
9.2 North America: Air purification
9.2.1 North America: Air purification - Revenue, and Forecast to 2028 (US$ Million)
9.2.2 North America Air Purification Market Breakdown, By Product Type
9.2.3 North America Air Purification Market Breakdown, By Application
9.2.4 North America Air Purification Market Breakdown, by Country
9.2.4.1 US Air Purification Market, Revenue and Forecast to 2028
9.2.4.1.1 US Air Purification Market Breakdown, By Product Type
9.2.4.1.2 US Air Purification Market Breakdown, By Application
9.2.4.2 Canada Air Purification Market, Revenue and Forecast to 2028
9.2.4.2.1 Canada Air Purification Market Breakdown, By Product Type
9.2.4.2.2 Canada Air Purification Market Breakdown, By Application
9.2.4.3 Mexico Air Purification Market, Revenue and Forecast to 2028
9.2.4.3.1 Mexico Air Purification Market Breakdown, By Product Type
9.2.4.3.2 Mexico Air Purification Market Breakdown, By Application
9.3 Europe: Air Purification Market
9.3.1 Overview
9.3.2 Europe Air Purification Market Revenue and Forecast to 2028 (US$ million)
9.3.3 Europe Air Purification Market Breakdown, By Product Type
9.3.4 Europe Air Purification Market Breakdown, By Application
9.3.5 Europe Air Purification Market Breakdown, by Country
9.3.5.1 Germany Air Purification Market, Revenue and Forecast to 2028
9.3.5.1.1 Germany Air Purification Market Breakdown, By Product Type
9.3.5.1.2 Germany Air Purification Market Breakdown, By Application
9.3.5.2 France Air Purification Market, Revenue and Forecast to 2028
9.3.5.2.1 France Air Purification Market Breakdown, By Product Type
9.3.5.2.2 France Air Purification Market Breakdown, By Application
9.3.5.3 Italy Air Purification Market, Revenue and Forecast to 2028
9.3.5.3.1 Italy Air Purification Market Breakdown, By Product Type
9.3.5.3.2 Italy Air Purification Market Breakdown, By Application
9.3.5.4 UK Air Purification Market, Revenue and Forecast to 2028
9.3.5.4.1 UK Air Purification Market Breakdown, By Product Type
9.3.5.4.2 UK Air Purification Market Breakdown, By Application
9.3.5.5 Russia Air Purification Market, Revenue and Forecast to 2028
9.3.5.5.1 Russia Air Purification Market Breakdown, By Product Type
9.3.5.5.2 Russia Air Purification Market Breakdown, By Application
9.3.5.6 Rest of Europe Air Purification Market, Revenue and Forecast to 2028
9.3.5.6.1 Rest of Europe Air Purification Market Breakdown, By Product Type
9.3.5.6.2 Rest of Europe Air Purification Market Breakdown, By Application
9.4 APAC: Air Purification Market
9.4.1 Overview
9.4.2 APAC Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.4.3 APAC Air Purification Market Breakdown, By Product Type
9.4.4 APAC Air Purification Market Breakdown, By Application
9.4.5 APAC Air Purification Market Breakdown, by Country
9.4.5.1 Australia Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.1.1 Australia Air Purification Market Breakdown, By Product Type
9.4.5.1.2 Australia Air Purification Market Breakdown, By Application
9.4.5.2 China Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.2.1 China Air Purification Market Breakdown, By Product Type
9.4.5.2.2 China Air Purification Market Breakdown, By Application
9.4.5.3 India Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.3.1 India Air Purification Market Breakdown, By Product Type
9.4.5.3.2 India Air Purification Market Breakdown, By Application
9.4.5.4 Japan Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.4.1 Japan Air Purification Market Breakdown, By Product Type
9.4.5.4.2 Japan Air Purification Market Breakdown, By Application
9.4.5.5 South Korea Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.5.1 South Korea Air Purification Market Breakdown, By Product Type
9.4.5.5.2 South Korea Air Purification Market Breakdown, By Application
9.4.5.6 Rest of APAC Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.4.5.6.1 Rest of APAC Air Purification Market Breakdown, By Product Type
9.4.5.6.2 Rest of APAC Air Purification Market Breakdown, By Application
9.5 MEA: Air Purification Market
9.5.1 Overview
9.5.2 MEA Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.5.3 MEA Air Purification Market Breakdown, By Product Type
9.5.4 MEA Air Purification Market Breakdown, By Application
9.5.5 MEA Air Purification Market Breakdown, By Country
9.5.5.1 Saudi Arabia Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.5.5.1.1 Saudi Arabia Air Purification Market Breakdown, By Product Type
9.5.5.1.2 Saudi Arabia Air Purification Market Breakdown, By Application
9.5.5.2 UAE Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.5.5.2.1 UAE Air Purification Market Breakdown, By Product Type
9.5.5.2.2 UAE Air Purification Market Breakdown, By Application
9.5.5.3 South Africa Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.5.5.3.1 South Africa Air Purification Market Breakdown, By Product Type
9.5.5.3.2 South Africa Air Purification Market Breakdown, By Application
9.5.5.4 Rest of MEA Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.5.5.4.1 Rest of MEA Air Purification Market Breakdown, By Product Type
9.5.5.4.2 Rest of MEA Air Purification Market Breakdown, By Application
9.6 SAM: Air Purification Market
9.6.1 Overview
9.6.2 SAM Air Purification Market, Revenue and Forecast to 2028 (US$ million)
9.6.3 SAM Air Purification Market Breakdown, By Product Type
9.6.4 SAM Air Purification Market Breakdown, By Application
9.6.5 SAM Air Purification Market Breakdown, by Country
9.6.5.1 Brazil Air Purification Market, Revenue and Forecast to 2028
9.6.5.1.1 Brazil Air Purification Market Breakdown, By Product Type
9.6.5.1.2 Brazil Air Purification Market Breakdown, By Application
9.6.5.2 Argentina Air Purification Market, Revenue and Forecast to 2028
9.6.5.2.1 Argentina Air Purification Market Breakdown, By Product Type
9.6.5.2.2 Argentina Air Purification Market Breakdown, By Application
9.6.5.3 Rest of SAM Air Purification Market, Revenue and Forecast to 2028
9.6.5.3.1 Rest of SAM Air Purification Market Breakdown, By Product Type
9.6.5.3.2 Rest of SAM Air Purification Market Breakdown, By Application
10. Impact of COVID-19 Pandemic on Air Purification Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 APAC: Impact Assessment of COVID-19 Pandemic
10.5 MEA: Impact Assessment of COVID-19 Pandemic
10.6 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 New Development
12. Company Profiles
12.1 Whirlpool Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Camfil
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 DAIKIN INDUSTRIES, Ltd.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Honeywell International Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Koninklijke Philips N.V.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 LG Electronics
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Panasonic Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Unilever PLC
12.8.1 Business Description
12.8.2 Products and Services
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 ActivePure Technologies, LLC.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 IQAir
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
List of Figures
Figure 1. Air Purification Market Segmentation
Figure 2. Air Purification Market Segmentation - Geography
Figure 3. Air Purification Market Overview
Figure 4. Air Purification Market, By Product Type
Figure 5. Air Purification Market, By Application
Figure 6. Air Purification Market, By Region
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Air Purification Market Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Air Purification Market: Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Air Purification Market
Figure 16. Global Air Purification Market, Forecast and Analysis (US$ Million)
Figure 17. Market Positioning- Top Five Players
Figure 18. Air Purification Market, By Product Type (2021 and 2028)
Figure 19. Air Purification Market, By Product Type (2021 and 2028)
Figure 20. Activated Carbon Filtration: Air Purification Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. High-efficiency Particulate Air (HEPA): Air Purification Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Ionizer Purifiers: Air Purification Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Ultraviolet Germicidal Irradiation (UVGI): Air Purification Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Air Purification Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Air Purification Market, By Application (2021 and 2028)
Figure 26. Commercial: Air Purification Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Residential: Air Purification Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Industrial: Air Purification Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Global Air Purification Market Revenue Share, By Region (2021 & 2028)
Figure 30. North America Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 31. North America Air Purification Market Breakdown, By Product Type, 2021 & 2028 (%)
Figure 32. North America Air Purification Market Breakdown, By Application, 2021 & 2028 (%)
Figure 33. North America Air Purification Market Breakdown, by Country, 2021 & 2028 (%)
Figure 34. US Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 35. Canada Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 36. Mexico Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 37. Europe Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 38. Europe Air Purification Market Breakdown, By Product Type, 2021 & 2028 (%)
Figure 39. Europe Air Purification Market Breakdown, By Application, 2021 & 2028 (%)
Figure 40. Europe Air Purification Market Breakdown, by Country, 2018 & 2027(%)
Figure 41. Germany Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 42. France Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 43. Italy Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 44. UK Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 45. Russia Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 46. Rest of Europe Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 47. APAC Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 48. APAC Air Purification Market Breakdown, By Product Type, 2021 & 2028 (%)
Figure 49. APAC Air Purification Market Breakdown, By Application, 2021 & 2028 (%)
Figure 50. APAC Air Purification Market Breakdown, by Country, 2021 & 2028 (%)
Figure 51. Australia Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 52. China Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 53. India Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 54. Japan Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 55. South Korea Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 56. Rest of APAC Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 57. MEA Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 58. MEA Air Purification Market Breakdown, By Product Type, 2021 & 2028 (%)
Figure 59. MEA Air Purification Market Breakdown, By Application, 2021 & 2028 (%)
Figure 60. MEA Air Purification Market Breakdown, By Country, 2021 & 2028 (%)
Figure 61. Saudi Arabia Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 62. UAE Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 63. South Africa Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 64. Rest of MEA Air Purification Market, Revenue and Forecast To 2028 (US$ million)
Figure 65. SAM Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 66. SAM Air Purification Market Breakdown, By Product Type, 2021 & 2028 (%)
Figure 67. SAM Air Purification Market Breakdown, By Application, 2021 & 2028 (%)
Figure 68. SAM Air Purification Market Breakdown, by Country, 2021 & 2028 (%)
Figure 69. Brazil Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 70. Argentina Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 71. Rest of SAM Air Purification Market, Revenue and Forecast to 2028 (US$ million)
Figure 72. Impact of COVID-19 Pandemic on North American Country Markets
Figure 73. Impact of COVID-19 Pandemic on European Country Markets
Figure 74. Impact of COVID-19 Pandemic on APAC Country Markets
Figure 75. Impact of COVID-19 Pandemic on MEA Country Markets
Figure 76. Impact of COVID-19 Pandemic on SAM Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Whirlpool Corporation
  • Camfil
  • DAIKIN INDUSTRIES, Ltd
  • Honeywell International Inc.
  • Koninklijke Philips N- V
  • LG Electronics
  • Panasonic Corporation
  • Unilever PLC
  • ActivePure Technologies, LLC
  • IQAir

Table Information