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Residential Air Purification Equipment - Global Market Trajectory & Analytics

  • ID: 834994
  • Report
  • May 2021
  • Region: Global
  • 200 Pages
  • Global Industry Analysts, Inc

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$13 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Residential Air Purification Equipment estimated at US$8.6 Billion in the year 2020, is projected to reach a revised size of US$13 Billion by 2027, growing at a CAGR of 6% over the period 2020-2027.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 an early 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.

The U.S. Accounts for Over 28.3% of Global Market Size in 2020, While China is Forecast to Grow at a 8.1% CAGR for the Period of 2020-2027


The Residential Air Purification Equipment market in the U.S. is estimated at US$2.4 Billion in the year 2020. The country currently accounts for a 28.26% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.7 Billion in the year 2027 trailing a CAGR of 8.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 4.6% respectively over the 2020-2027 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$2.7 Billion by the year 2027.

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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

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

II. 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
  • Exhibit 1: 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
  • Exhibit 2: 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
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
  • Exhibit 3: Global Indoor Air Pollution Related Fatalities by Health Condition (In %) for 2020E
  • Exhibit 4: Air Pollution Levels Worldwide: Average PM2.5 Concentration (in µg/m³) in Select Countries for 2019
  • Exhibit 5: Air Pollution Levels (PM10 ug/m3) for Major Countries Worldwide
  • Exhibit 6: Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2019
  • Exhibit 7: 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
  • Exhibit 8: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Exhibit 9: 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
  • Exhibit 10: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Exhibit 11: 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
  • Exhibit 12: 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
  • Exhibit 13: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Expanding Urban Population
  • Exhibit 14: World Urban Population in Thousands: 1950-2050P
  • Exhibit 15: 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
  • Exhibit 16: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Exhibit 17: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Key Factors Restraining Market Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Residential Air Purifiers Market Gears Up for Significant Decline Amid COVID-19 Pandemic
  • Current Negative Trend in the Residential Construction Sector Discourages the Market
  • Exhibit 18: Key Indicators for US Residential Construction Market
  • Long-Term Prospects Remain Optimistic Amid Growing Concerns Over Deteriorating Indoor Air Quality
  • Exhibit 19: Major Factors Influencing Purchase of Residential Air Purifiers
  • Exhibit 20: 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
  • Exhibit 21: Top Polluted Cities in the United States by PM2.5 Level (in ug/m3) (2019)
  • Exhibit 22: 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
  • Exhibit 23: US Air Purification Market: Percentage Share Breakdown of Unit Sales by Channel for 2019
CANADA
  • Market Overview
JAPAN
  • Japan: A Prominent Market
  • Vendors Focus on Delivering Improved Products
CHINA
  • 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
  • Exhibit 24: 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
  • Exhibit 25: Chinese Air Purification Market Share Breakdown of Value Sales by Leading Players for 2019
EUROPE
  • Market Overview
  • Weak Housing Construction Activity Curtails Momentum
  • Emphasis on Curbing Air Pollution Augurs Well for Long-Term Growth
  • Exhibit 26: Per Capita Emissions in Major European Countries by Air Pollutant: Ammonia, Nitrogen Oxides, and Non-Methane VOC Emissions (in Kilograms)
  • Exhibit 27: Total Emissions in Major European Countries by Air Pollutants: Ammonia, Nitrogen Oxide, Non-Methane VOC, and Sulphur Oxide Emissions (in Thousand Tons)
FRANCE

GERMANY

ITALY

UNITED KINGDOM
  • Market Overview
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Sluggish Scenario Deters Current Market Prospects
  • Long-Term Growth Remains Intact Amid Rising Concerns over Air Pollution
  • Exhibit 28: 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

INDIA
  • Bright Future Projected for Residential Air Purifiers in the Country
  • Exhibit 29: 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

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST
  • Market Overview
IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 125
Note: Product cover images may vary from those shown

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.
Note: Product cover images may vary from those shown
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