What is the market for global Residential Air Purifiers Market?

Posted by Johnny on August 3rd, 2022

Residential air purifiers are the most effective devices for improving indoor air quality, reducing or removing pollutants, and ventilating clean air.

The global residential air purifiers market is expected to reach USD 14.1 billion in 2026 from USD 9.6 billion in 2021, at a CAGR of 8.1%. The increasing prevalence of airborne diseases worldwide and increasing pollution levels in urban areas have been key factors favoring the growth of the residential air purifier market.

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Recent Developments

  •          Panasonic Corporation (Japan) has developed a new nanoe X device that generates 100 times more Hydroxyl (OH) radicals than the conventional nanoe device. As a result, the latest nanoe X device delivers increased effectiveness in air purification and deodorization in indoor spaces.
  •          Panasonic Ecology Systems Co., Ltd. (PES) and Panasonic Ecology Systems Guangdong Co., Ltd. built the First Shunde Branch Plant in China, a new factory for IAQ devices such as energy recovery ventilator systems and air purifiers.
  •          Dyson (UK) opened its fourth Dyson Demo store in France, located in the iconic shopping district of Terrasses du Port in Marseille. The new space will showcase Dyson’s latest technology in home cleaning, air purification, lighting, and hair care.
  •          Molekule (US) partnered with Sourcenext (Japan). The partnership is aimed at helping Molekule move into the next phase of growth, which includes global expansion. In a commitment to Molekule's innovation, Sourcenext has also invested USD 10.1 million into the company. The funds will be used for growth initiatives as the company prepares to meet strong global demand for an air purification solution.

The HEPA segment is expected to grow at the highest CAGR during the forecast period

HEPA segment is expected to grow at the highest CAGR in forecast periods (2021-2026). This is due to the growing concern for environmental sustainability, increasing public awareness pertaining to the healthcare implications of air pollution, and the growing popularity of smart homes/ambient-assisted living.

The portable/stand-alone purifiers accounted for the largest share of the residential air purifiers market

The portable/stand-alone purifiers segment accounted for the largest market share. This is mainly due to the need to remove sources of pollutants or allergens from indoor air and increasing public awareness pertaining to the healthcare implications of air pollution.

Asia-Pacific region is expected to register the highest CAGR in the residential air purifiers market

The APAC market is expected to grow at the highest CAGR from 2021 to 2026. This can be attributed to factors such as the increasing investments by major players in the region, the presence of less stringent regulations for product approval, and growing demand for quality lifestyles are expected to drive the growth of this market during the forecast period.

Key Market Players

The prominent players in the global residential air purifiers market are Daikin Industries, Ltd. (Japan), Sharp Corporation (Japan), Honeywell International Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics Inc. (South Korea), Koninklijke Philips N.V. (Netherlands), Dyson (UK), Unilever Group (UK), Panasonic Corporation (Japan), Whirlpool Corporation (US), AllerAir Industries Inc.

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Daikin Industries, Ltd. (Japan) is a leading provider of essential solutions and services for air conditioning equipment. It has been serving the medical device industry for over 95 years

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Joined: July 19th, 2022
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