Residential Air Purifiers Market worth $14.1 billion by 2026
According to a research report "Residential Air Purifiers Market Size, Growth by Technology (High Efficiency Particulate Air (HEPA), Electrostatic Precipitators, Activated Carbon, Ultraviolet), Type (Portable Air Purifiers, In-duct Air Purifiers) - Global Forecast to 2026" is projected to reach USD 14.1 billion by 2026, at a CAGR of 8.1%.
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The HEPA technology segment is accounted for the largest share of the residential air purifiers market.
Based on technology, the residential air purifiers market is segmented into HEPA filters (high-efficiency particulate arresting or high-efficiency particulate air) and other technologies. The other technologies segment comprises electrostatic precipitators, activated carbon, UV filters, and ionic filters. The HEPA segment accounted for the largest market share. HEPA filters incorporated in residential air purifiers are beneficial at trapping gases and particles, absorbing odours and gases from mould, cooking, pets, smoke, and chemicals, thereby reducing pollution in the indoor environment.
The portable/stand-alone purifiers is expected to grow at the highest CAGR
Based on type, the residential air purifiers market is segmented into portable/stand-alone purifiers and in-duct purifiers. The portable/ stand- alone purifiers segment is also expected to witness the highest growth during the forecast period. This can mainly be attributed to its various capabilities such as smart controls, sensors, multiple filtration layers and ability to move around. Furthermore, their installation is cost-effective as compared to the in-duct system.
Asia Pacific accounted for the largest share of the residential air purifiers market
Asia Pacific is the largest regional market for residential air purifiers. The fast adoption of advanced indoor air quality monitoring technologies, ongoing technological advancements in the field of particulate sensors, rising public-private funding and investments, and the presence of supportive government regulations are key factor driving the residential air purifiers market in Asia Pacific.
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. (US), IQAir (Switzerland), Winix Co., Ltd. (South Korea), Xiaomi Corporation (China), Camfil AB (Sweden), Airpura Industries Inc. (Canada), Airgle Corporation (US), Hunter Pure Air (US), Kent RO Systems Ltd. (India), SHIL Limited (India), IDEAL Krug & Priester GMBH & Co. KG (Germany), Havells India Ltd. (India), Molekule (US), Carrier Global (US), and Coway CO., Ltd. (South Korea).
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