The residential air purifiers market value is set to progress at a CAGR of 7.10% during 2022–2030, to reach USD 7,313 million by 2030.
The rapid urbanization, along with the rising awareness among people about the health problems caused by air pollution, is likely to increase the demand for residential air purifiers.
The high-efficiency particulate absorbing (HEPA) filtration technology is expected to dominate the market due to its high efficiency at filtering and removing particulate matter.
Additionally, the technology is widely available for central air conditioners for residential buildings. Moreover, with the rising pollution, the prevalence of breathing disorders is rising significantly.
Therefore, with the rising health and environmental concerns, China, India, the U.S., Canada, and many other countries are formulating air quality control guidelines, which offers the market for residential air purifiers significant opportunities to grow.
The market in North America is expected to grow with a CAGR of 6.2% during this decade. With the rising awareness of a good air quality, the adoption of air purifiers has received a boost in the region. Moreover, the U.S. and Canadian governments implemented several indoor air quality improvement measures during the pandemic, which boosted the sales of such devices.
In addition, U.S. consumers are extensively adopting such devices for maintaining indoor air quality. Therefore, system sales in the U.S. are driven by the rising pollution levels as a result of industrialization and urbanization, both of which themselves can be traced to the rapid population growth.
Therefore, with the rising awareness regarding healthy living, product sales are increasing in the region.
Air filters are widely used in HVAC systems. Since good-quality indoor air is imperative for people with respiratory problems, in-duct air purifiers are widely used to enhance the quality of the air they breathe. Therefore, the sale of such air purifiers is expected to experience the higher growth rate during the forecast period.
Furthermore, HEPA filters offer the highest level of protection against a variety of airborne particles, including those as small as 0.3 microns, and thus, are widely accepted for residential HVAC systems.
Poor air quality is a key reason for mortality due to respiratory problems. Air cleaning devices monitor and filter the air by reducing allergens and pollutants that may cause chronic lung diseases, such as asthma and tracheobronchial cancer.
In 2022, more than 200 million people suffered from COPD, and more than 3 million people die each year of it. Further, asthma is one of the most-common non-communicable diseases globally, affecting more than 260 million people.
There are several reasons for the emission of air pollutants inside homes. Most of the fine particles come from biomass burning; viruses and bacteria are other indoor airborne particles that significantly affect health.
Globally, air pollution causes about 43% of the COPD deaths, about 25% of the ischemic heart disease deaths, 29% of the lung cancer deaths, and 24% of the stroke deaths. Therefore, with the rising mortality due to respiratory health problems, itself because of the deteriorating air quality, the demand for residential air purifiers is expected to grow.
The most-significant residential air purifiers market players are Daikin Industries Ltd., Sharp Corporation, Honeywell International Inc., Samsung Electronics Co. Ltd., LG Electronics Inc., Koninklijke Philips N.V., Dyson, Unilever Group, Panasonic Corporation, and Whirlpool Corporation.