The indoor air purification market offers numerous benefits for improved indoor air quality. Advanced technologies, such as high-efficiency particulate Air (HEPA) filters, UV-C germicidal lamps, and activated carbon filtration, effectively remove pollutants such as allergens, viruses, bacteria, and odors. These systems enhance respiratory health, reduce allergy symptoms, and create a more comfortable living environment. Moreover, smart air purifiers with sensors and remote control capabilities are gaining popularity for their convenience and energy efficiency, making them integral to the market's growth in promoting healthier indoor spaces.
According to Data Bridge Market Research, the Global Indoor Air Purification Market is expected to reach a value of USD 34,632.87 million by 2029, at a CAGR of 7.9% during the forecast period of 2022-2029.
“Growth in the e-commerce sector boosts the market’s growth”
The growth in the e-commerce sector has driven the indoor air purification market by expanding the distribution and accessibility of air purifiers. Online shopping platforms provide consumers with a wide range of choices, enabling them to research and purchase air purification systems easily. This increased reach and convenience have stimulated greater awareness and demand for indoor air quality solutions, leading to the growth of the indoor air purification market as e-commerce becomes a crucial driver of its expansion.
What restraints the growth of the global indoor air purification market?
“High costs associated with air purifiers restraints the market’s growth”
The high costs associated with air purifiers act as a significant restraint on the indoor air purification market. While these systems offer health and comfort benefits, their initial purchase price and ongoing maintenance expenses can be a deterrent for some consumers. This affordability barrier limits market penetration, particularly in price-sensitive segments, and may slow the adoption of indoor air purification solutions, despite their potential advantages for improving indoor air quality and health.
Segmentation: Global Indoor Air Purification Market
The global indoor air purification market is segmented on the basis of product, category, technology, function, outer material, price range, distribution channel, and application.
- On the basis of product, the indoor air purification market is segmented into dust collectors and vacuums; fume and smoke collectors; mist eliminators; bad odor and harmful gasses; fire and emergency exhaust, and viruses and fungus.
- On the basis of category, the indoor air purification market is segmented into small room, medium room, and large room
- On the basis of technology, the indoor air purification market is segmented into HEPA; electrostatic precipitators; activated carbon; ionic filters, and others.
- On the basis of function, the indoor air purification market is segmented into manual, sensor, and others.
- On the basis of outer material, the indoor air purification market is segmented into plastic and metal.
- On the basis of price range, the indoor air purification market is segmented into low, mid, and premium.
- On the basis of distribution channel, the indoor air purification market is segmented into direct selling; e-commerce; supermarkets/hypermarkets; specialty stores, and others.
- On the basis of application, the indoor air purification market is segmented into industrial, commercial, and residential.
Regional Insights: Asia-Pacific dominates the Global Indoor Air Purification Market
The Asia-Pacific dominates in the indoor air purification market due to rising awareness among consumers regarding the benefits of air purifiers in mitigating airborne contaminants. Furthermore, rapid urbanization in this region, particularly in developing nations, has led to increased concerns about air quality, driving the demand for air purification solutions. This combination of awareness and urbanization is fueling the region's leadership in the indoor air purification market.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-indoor-air-purification-market
Recent Developments
- In August 2022, Carrier revealed its intention to introduce the Abound Healthy Air Starter Package to various sectors, including universities, entertainment venues, schools, and commercial real estate organizations. This initiative aims to offer a straightforward, efficient, and budget-friendly method to monitor, visualize, and address the hidden aspects of indoor air quality (IAQ), promoting occupant well-being. By taking this step, Carrier seeks to enhance its position as a dominant player in the global indoor air purification market.
- In June 2021, Hamilton Beach Brands, Inc. announced a partnership with The Clorox Company. Under this collaboration, Hamilton Beach Brands plans to launch a line of high-quality air purifiers under the Clorox brand. These purifiers are designed to remove 99.97% of allergens and particulates such as pollen, dust, and smoke from indoor air. This strategic move allows the company to leverage The Clorox Company's license to market its indoor air purification products more effectively.
The Prominent Key Players Operating in the Global Indoor Air Purification Market Include:
- Koninklijke Philips N.V. (Netherlands)
- LG Electronics (South Korea)
- Panasonic Corporation (Japan)
- DAIKIN INDUSTRIES Ltd. (Japan)
- Aerus LLC (U.S.)
- Legend Brands (U.S.)
- xpower (Taiwan)
- Abatement Technologies (U.S.)
- Omnitech Design (Canada)
- B-AIR (U.S.)
- Pullman-Ermator (Sweden)
- Envirco (U.S.)
- AEROSPACE AMERICA, INC. (U.S.)
- Camfil (Sweden)
- Carrier (U.S.)
- Hamilton Beach Brands, Inc. (U.S.)
- Whirlpool (U.S.)
- Lifa Air Ltd. (Finland)
- NIKRO INDUSTRIES, INC. (U.S.)
- COWAY CO. LTD. (South Korea)
Above are the key players covered in the report, to know about more and exhaustive list of global indoor air purification market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Indoor Air Purification Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
