Air Purification Market Forecast to 2028

Report Code : TIPRE00014336 | Region : Global | Industry : Manufacturing and Construction | Published Date : 02/Sep/2022
Air Purification Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Activated Carbon Filtration, HEPA, Ionizer Purifiers, UVGI, and Others) and Application (Commercial, Residential, and Industrial)

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.

The List of Companies - Air Purification Market

1. Whirlpool Corporation

2. Camfil

3. DAIKIN INDUSTRIES, Ltd.

4. Honeywell International Inc.

5. Koninklijke Philips N.V.

6. LG Electronics

7. Panasonic Corporation

8. Unilever PLC

9. ActivePure Technologies, LLC.

10. IQAir

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners 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 Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. Global Air Purification Market, Revenue and Forecast, 2019–2028 (US$ Million)

Table 2. North America Air Purification Market, Revenue and Forecast To 2028 – By Product Type (US$ million)

Table 3. North America Air Purification Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 4. North America Air Purification Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 5. US Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 6. US Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 7. Canada Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 8. Canada Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 9. Mexico Air Purification Market Breakdown, By Product Type

Table 10. Mexico Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 11. Europe Air Purification Market, Revenue and Forecast To 2028 – By Product Type (US$ million)

Table 12. Europe Air Purification Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 13. Europe Air Purification Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 14. Germany Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 15. Germany Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 16. France Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 17. France Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 18. Italy Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 19. Italy Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 20. UK Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 21. UK Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 22. Russia Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 23. Russia Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 24. Rest of Europe Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 25. Rest of Europe Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 26. APAC Air Purification Market, Revenue and Forecast To 2028 – By Product Type (US$ million)

Table 27. APAC Air Purification Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 28. APAC Air Purification Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 29. Australia Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 30. Australia Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 31. China Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 32. China Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 33. India Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 34. India Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 35. Japan Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 36. Japan Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 37. South Korea Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 38. South Korea Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 39. Rest of APAC Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 40. Rest of APAC Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 41. MEA Air Purification Market, Revenue and Forecast To 2028 – By Product Type (US$ million)

Table 42. MEA Air Purification Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 43. MEA Air Purification Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 44. Saudi Arabia Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 45. Saudi Arabia Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 46. UAE Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 47. UAE Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 48. South Africa Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 49. South Africa Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 50. Rest of MEA Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 51. Rest of MEA Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 52. SAM Air Purification Market, Revenue and Forecast To 2028 – By Product Type (US$ million)

Table 53. SAM Air Purification Market, Revenue and Forecast To 2028 – By Application (US$ million)

Table 54. SAM Air Purification Market, Revenue and Forecast To 2028 – By Country (US$ million)

Table 55. Brazil Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 56. Brazil Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 57. Argentina Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 58. Argentina Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 59. Rest of SAM Air Purification Market, Revenue and Forecast to 2028 – By Product Type (US$ million)

Table 60. Rest of SAM Air Purification Market, Revenue and Forecast to 2028 – By Application (US$ million)

Table 61. List of Abbreviation

The List of Companies - Air Purification Market

1. Whirlpool Corporation

2. Camfil

3. DAIKIN INDUSTRIES, Ltd.

4. Honeywell International Inc.

5. Koninklijke Philips N.V.

6. LG Electronics

7. Panasonic Corporation

8. Unilever PLC

9. ActivePure Technologies, LLC.

10. IQAir

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global air purification market

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations such as specific regional and segmental insight highlights crucial progressive industry trends in the global air purification market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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