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Residential Air Purification Equipment - Global Strategic Business Report

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    Report

  • 200 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 834994

Global Residential Air Purification Equipment Market to Reach $15.9 Billion by 2030

The global market for Residential Air Purification Equipment estimated at US$10 Billion in the year 2023, is projected to reach a revised size of US$15.9 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2023-2030.

Stand-Alone Air Purification Equipment, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$12.6 Billion by the end of the analysis period. Growth in the In-Duct Air Purification Equipment segment is estimated at 5.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 8% CAGR

The Residential Air Purification Equipment market in the U.S. is estimated at US$2.8 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 125 Featured)

  • Fujitsu Ltd.
  • 3M Company
  • Daikin Industries Ltd.
  • AB Electrolux
  • Eureka Forbes Ltd.
  • Carrier Corporation
  • Dyson Ltd.
  • Alen Corporation
  • Continental Fan Manufacturing, Inc.
  • De`Longhi Group
  • Fujitsu General Ltd.
  • Air Quality Engineering
  • Aprilaire
  • Fellowes Brands
  • Goodman Manufacturing Company, L.P.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Residential Air Purification Equipment: A Prelude
  • History and Evolution of Air Purifiers
  • An Insight into Types of Air Purification Technologies
  • Technologies and their Efficiencies in Removing Air Borne Contaminants
  • Types of Air Filtration Technologies and their Advantages and Limitations
  • Types of Air Purifiers
  • Stand-Alone Purification Equipment
  • Induct Air Purification Equipment
  • Residential Air Purification Equipment: Addressing Indoor Air Quality Concerns
  • Causes of Indoor Air Pollution
  • Global Market Prospects & Outlook
  • Standalone Air Purification Equipment Market Leads Global Market
  • HEPA Filters to Fuel Revenue Growth
  • Developed Regions Lead, Developing Economies to Spearhead Future Growth
  • Competition
  • An Intensely Competitive Marketplace
  • Induct Air Purification Marketplace: Fragmented in Nature
  • Key Factors Influencing Purchases of Air Purifiers
  • Major Factors Responsible for Variation in Air Purifier Prices
  • Dispersion of Knowledge: An Important Competitive Variable
  • World Brands
  • Recent Market Activity
  • Residential Air Purification Equipment - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Deteriorating Indoor Air Quality amid Rising Pollution Levels in Residential Buildings: The Fundamental Growth Driver
  • Major Indoor Pollutants: Brief Details of Pollutant, Source, and Impact on Health
  • Global Indoor Air Pollution Related Fatalities by Health Condition (In %) for 2023
  • Air Pollution Levels Worldwide: Average PM2.5 Concentration (in µg/m³) in Select Countries for 2023
  • Air Pollution Levels (PM10 ug/m3) for Major Countries Worldwide
  • Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2023
  • Countries with Highest Carbon Emissions Worldwide: Percentage Breakdown of Carbon Emissions by Country (in %) for 2023
  • With Climate Change and Wildfires Impacting Indoor Air Quality, Adoption of Air Purifiers Poised to Grow
  • Trend towards Home Automation and Smart Homes Boosts Demand for Smart Air Purifiers
  • Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Smart Home Penetration Rate (%) by Region/Country: 2023
  • Select Smart Air Purifiers: A Review
  • Few Players Operate in Smart Air Purifiers Market
  • Alarming Rise in Incidence of Asthma and Allergies Spurs Demand for Air Purifiers
  • Rising Prevalence of Asthma in Children Bodes Well for Air Purifiers Market
  • HEPA Purifiers: Superior Attributes over Other Alternatives Drive Widespread Market Adoption
  • Aging Population Vulnerable to Air-borne Allergies and Health Risks to Fuel Air Purifier Market
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Usage of Residential Air Purifiers Tends to Soar During Summer Season
  • Technology Advancements to Boost Market Prospects
  • A Review of Potential Air Purifier System Innovations
  • Select Innovations in Air Purification Systems Market
  • Influx of New Products Boosts Smart Air Purifiers Market
  • Combination Technologies Offer Scope for Product Differentiation
  • Eliminating Odors and Smoke Remain Key to Product Success
  • Air Purifiers: A Must Have for Sufferers of Multiple Chemical Sensitivity Condition
  • Regulatory Standards Spruce Up Sales of Air Purification Equipment
  • Construction Activity Worldwide Signals Opportunities for Residential Air Purifiers Market
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • E-Commerce Makes Rapid Inroads, Expands Growth Opportunities for Air Purifiers Market
  • Demographic and Economic Trends Influence Market Prospects
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Expanding Urban Population
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Key Factors Restraining Market Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Residential Air Purification Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Residential Air Purification Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 3: World 15-Year Perspective for Residential Air Purification Equipment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Stand-Alone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Stand-Alone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 6: World 15-Year Perspective for Stand-Alone by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for In-Duct by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for In-Duct by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 9: World 15-Year Perspective for In-Duct by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for High Efficiency Particulate Air (HEPA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for High Efficiency Particulate Air (HEPA) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 12: World 15-Year Perspective for High Efficiency Particulate Air (HEPA) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Other Technologies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 15: World 15-Year Perspective for Other Technologies by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Dust Collectors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Dust Collectors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 18: World 15-Year Perspective for Dust Collectors by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Fume & Smoke Collectors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Fume & Smoke Collectors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 21: World 15-Year Perspective for Fume & Smoke Collectors by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 24: World 15-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2024 & 2030
  • Table 25: World Residential Air Purification Equipment Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Long-Term Prospects Remain Optimistic Amid Growing Concerns Over Deteriorating Indoor Air Quality
  • Major Factors Influencing Purchase of Residential Air Purifiers
  • US Air Purification Market: Percentage Share Breakdown of Unit Sales by Age Group
  • Surging Air Pollution Levels in the United States: Steps Taken by EPA
  • Top Polluted Cities in the United States by PM2.5 Level (in ug/m3)
  • US PM2.5 Air Quality, 2010-2019 (Concentration µg/m3)
  • Steps Taken by the EPA for Curbing Greenhouse Gas Emissions (GHGs)
  • EPA Measures for Curbing Air Pollutants
  • Protecting the Ozone Layer: The EPA Implements New Regulations for ODSs
  • Growing Awareness of Indoor Air Quality (IAQ) Drives Further Legislative Initiatives
  • Technologically Advanced HEPA Purifiers Gain Wider Traction
  • High Rate of Infectious Diseases Propel Demand for HEPA Purifiers
  • Popular Residential Air Purifier Brands in the US: Snapshot Profiles
  • Distribution Landscape
  • US Air Purification Market: Percentage Share Breakdown of Unit Sales by Channel for 2019
CANADA
  • Market Overview
JAPAN
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Japan: A Prominent Market
  • Vendors Focus on Delivering Improved Products
CHINA
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • China Emerges as the Most Lucrative Market for Air Purification Equipment
  • Air Purifiers Market Evolves Rapidly after the 2013 Beijing Smog Incident
  • Newly Built World’s Biggest Air Purification Tower in Xian Illustrates China’s Focus on Air Quality
  • Stringent Regulatory Standards on Air Pollution Control Steer Growth
  • Few of the Most Polluted Cities in China
  • New GB/T 18801-2015 Standard to Reshape Manufacturing Ecosystem
  • Builders Focus on Advanced Air Purifiers to Improve Building Quality
  • Air Purifiers Gain Traction in Lung & Heart Disease Treatment Settings
  • Competitive Landscape
  • Chinese Air Purification Market Share Breakdown of Value Sales by Leading Players for 2019
EUROPE
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Weak Housing Construction Activity Curtails Momentum
  • Emphasis on Curbing Air Pollution Augurs Well for Long-Term Growth
  • Per Capita Emissions in Major European Countries by Air Pollutant: Ammonia, Nitrogen Oxides, and Non-Methane VOC Emissions (in Kilograms)
  • Total Emissions in Major European Countries by Air Pollutants: Ammonia, Nitrogen Oxide, Non-Methane VOC, and Sulphur Oxide Emissions (in Thousand Tons)
FRANCE
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Market Overview
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Sluggish Scenario Deters Current Market Prospects
  • Long-Term Growth Remains Intact Amid Rising Concerns over Air Pollution
  • Major Asian Countries Ranked in terms of Air Pollution (Annual Mean PM 2.5 ug/m3)
  • Multifunction Products Present Huge Market Potential
  • Foreign Companies Establish Operations to Widen Regional Footprint
  • Focus on Product Innovation: A Must for Marker Participants
AUSTRALIA
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Bright Future Projected for Residential Air Purifiers in the Country
  • Most Polluted Cities in India by PM 2.5 Level (in ug/m3)
  • Air Purification Market Looks Ahead at Emphatic Gains in India
  • Bengaluru Gets Ready for India’s Foremost Residential Air Purification Tower
  • Major Cities Dominate Residential Air Purifier Sales in India
SOUTH KOREA
REST OF ASIA-PACIFIC
  • Malaysia
  • Taiwan
LATIN AMERICA
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Market Overview
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

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

  • Fujitsu Ltd.
  • 3M Company
  • Daikin Industries Ltd.
  • AB Electrolux
  • Eureka Forbes Ltd.
  • Carrier Corporation
  • Dyson Ltd.
  • Alen Corporation
  • Continental Fan Manufacturing, Inc.
  • De`Longhi Group
  • Fujitsu General Ltd.
  • Air Quality Engineering
  • Aprilaire
  • Fellowes Brands
  • Goodman Manufacturing Company, L.P.

Table Information