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Residential Air Purification Equipment - Global Market Trajectory & Analytics

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    Report

  • 200 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 834994

FEATURED COMPANIES

  • 3M Company
  • Amway Corporation
  • Carrier Corporation
  • Guardian Technologies LLC
  • Koninklijke Philips N.V.
  • Panasonic Corporation

Global Residential Air Purification Equipment Market to Reach US$12.2 Billion by the Year 2026


Residential air purifiers are advanced devices for improving indoor air quality, reducing air pollutants and ventilating homes with clean air by filtering air and eliminating pollutants. Residential air purification equipment is gradually transcending its popular perception of being considered as a luxury, non-essential product. Today, thanks to painstaking manufacturer efforts, air purifier equipment is evolving into a necessity, a crucial and critical element to be a part of every modern home. The growing clamor over the health risks posed by poor indoor air quality has played an instrumental role in giving this equipment a status of indispensability. Moreover, increase in consumer spending power and investments made in home improvement also contribute to the growing use of air purification equipment. The market growth is further augmented by rising awareness regarding environmental and health implications related to air pollution, favorable policies for air pollution control and monitoring, and growing public/private funding. Moreover, increasing adoption of high-end, faster and safer air purifiers in residential buildings and homes is anticipated to provide an ideal platform for future expansion of the market.

Amid the COVID-19 crisis, the global market for Residential Air Purification Equipment estimated at US$9.4 Billion in the year 2022, is projected to reach a revised size of US$12.2 Billion by 2026, growing at a CAGR of 6% over the analysis period. Stand-Alone, one of the segments analyzed in the report, is projected to grow at a 6.2% CAGR to reach US$10.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the In-Duct segment is readjusted to a revised 5.2% CAGR for the next 7-year period. This segment currently accounts for a 22.4% share of the global Residential Air Purification Equipment market. Stand-alone air purification equipment continues to lead the market for residential air purification equipment market. The segment`s growth is fueled by increasing adoption of portable units to remove allergens and pollutants in indoor settings and more cost effectiveness of these devices in comparison to in-duct systems. Induct air purification equipment market is witnessing growth led by improved penetration rates, owing to the increase in the number of people adopting high-end products.

The U.S. Market is Estimated at $2.6 Billion in 2022, While China is Forecast to Reach $2.4 Billion by 2026


The Residential Air Purification Equipment market in the U.S. is estimated at US$2.6 Billion in the year 2022. The country currently accounts for a 28.26% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.4 Billion in the year 2026 trailing a CAGR of 8.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR while Rest of European market (as defined in the study) will reach US$3.7 Billion by the end of the analysis period. Developed regions in North America and Europe are the major air purifiers markets globally. The residential air purifiers market in the US is heading for major gains on account of increasing air pollution coupled with rising concerns pertaining to indoor air quality. The market growth is augmented by robust gains posted by the HEPA segment that is estimated to make a significant contribution in the coming years. In addition, the availability of smart and multifunctional air purifiers and increasing adoption of energy-efficient devices are anticipated to provide a notable impetus to the market. The residential air purifiers market in Asia-Pacific is exhibiting strong gains owing to increasing adoption of sophisticated technologies to monitor indoor air quality. The region is witnessing strong focus on product innovation and technological advances related to particulate sensors.

Select Competitors (Total 125 Featured):

  • 3M Company
  • Abatement Technologies, Inc.
  • Airgle Corporation
  • Alen Corporation
  • AllerAir Industries Inc
  • Amway Corporation
  • Blueair AB
  • Camfil AB
  • Camfil Farr, Inc.
  • Carrier Corporation
  • Continental Fan Manufacturing Inc.
  • Coway Co., Ltd.
  • Daikin Industries, Ltd.
  • Dyson Ltd
  • Guardian Technologies LLC
  • Hamilton Beach Brands, Inc.
  • Honeywell International Inc.
  • Hunter Pure Air
  • IQAir
  • KENT RO Systems Ltd
  • Koninklijke Philips N.V.
  • Lennox International, Inc.
  • LG Electronics Inc.
  • MANN+HUMMEL GMBH
  • Newell Brands Inc.
  • Sunbeam Products, Inc.
  • Panasonic Corporation
  • Panasonic Ecology Systems Co., Ltd.
  • SANYO Electric Co., Ltd.
  • Research Products Corporation
  • Samsung Electronics Co., Ltd.
  • Sharp Corporation
  • Steril-Aire, Inc.
  • Trion, Inc.
  • Whirlpool Corporation
  • White-Rodgers Company
  • Xiaomi, Inc.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

FEATURED COMPANIES

  • 3M Company
  • Amway Corporation
  • Carrier Corporation
  • Guardian Technologies LLC
  • Koninklijke Philips N.V.
  • Panasonic Corporation

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • COVID-19 Crisis Presents Opportunity for Residential Air Purification Systems
  • COVID-19 Pandemic Elevates Role of Smart Air Purifiers
  • Air Purifier with Impressive Efficacy of over 99.9% against COVID-19 Virus
  • HEPA Air Purifiers Suitable for Protection Against COVID-19
  • Pandemic Weakens Global Economic Environment, Triggering Negative Tide in GDP
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • 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 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (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 2020E
  • Air Pollution Levels Worldwide: Average PM2.5 Concentration (in µg/m³) in Select Countries for 2019
  • Air Pollution Levels (PM10 ug/m3) for Major Countries Worldwide
  • Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2019
  • Countries with Highest Carbon Emissions Worldwide: Percentage Breakdown of Carbon Emissions by Country (in %) for 2020E
  • 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: 2020
  • 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
  • Ventilation as Double-Edged Blade Popularizes ‘AC + Air Filter’ Formula for Indoor Air amid COVID-19
  • 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 PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Residential Air Purifiers Market Gears Up for Significant Decline Amid COVID-19 Pandemic
  • Current Negative Trend in the Residential Construction Sector Discourages the Market
  • Key Indicators for US Residential Construction Market
  • 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) (2019)
  • 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 2022 (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 2022 (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: 2019
  • 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 2022 (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 2022 (E)
GERMANY
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Market Overview
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (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): 2019
  • 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 2022 (E)
INDIA
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Bright Future Projected for Residential Air Purifiers in the Country
  • Most Polluted Cities in India by PM 2.5 Level (in ug/m3) (2019)
  • 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 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Residential Air Purification Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (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 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 125

A selection of companies mentioned in this report includes:

  • 3M Company
  • Abatement Technologies, Inc.
  • Airgle Corporation
  • Alen Corporation
  • AllerAir Industries Inc
  • Amway Corporation
  • Blueair AB
  • Camfil AB
  • Camfil Farr, Inc.
  • Carrier Corporation
  • Continental Fan Manufacturing Inc.
  • Coway Co., Ltd.
  • Daikin Industries, Ltd.
  • Dyson Ltd
  • Guardian Technologies LLC
  • Hamilton Beach Brands, Inc.
  • Honeywell International Inc.
  • Hunter Pure Air
  • IQAir
  • KENT RO Systems Ltd
  • Koninklijke Philips N.V.
  • Lennox International, Inc.
  • LG Electronics Inc.
  • MANN+HUMMEL GMBH
  • Newell Brands Inc.
  • Sunbeam Products, Inc.
  • Panasonic Corporation
  • Panasonic Ecology Systems Co., Ltd.
  • SANYO Electric Co., Ltd.
  • Research Products Corporation
  • Samsung Electronics Co., Ltd.
  • Sharp Corporation
  • Steril-Aire, Inc.
  • Trion, Inc.
  • Whirlpool Corporation
  • White-Rodgers Company
  • Xiaomi, Inc.