Asia Pacific Air Purifier Market: Industry Analysis and Forecast (2024-2030) by Technology, Application, Type, and Region.

Market Definition:

An air purifier refers to a device that removes contaminating particles such as dust and pollen and filters domestic or industrial air. It is used to improve air quality and purify the air while limiting the spread of harmful residues. Air purifiers prevent various health issues caused by air pollution, such as neurological or respiratory problems.

 

Market Dynamics:

The increased demand for home air purifiers in developing economies is driving the air purifier market. Rising pollution levels around the world will actively contribute to market growth through the forecast period. The market's growth is influenced by extensive investment for research and development projects. Rising disposable income and rising per capita income, especially in industrialized countries, are more likely to drive market expansion. In emerging nations, a lack of standardization and the availability of counterfeit products limit market growth through the forecast period. Market expansion is expected to be hampered by technical complexity and insufficient availability of replacement parts with no assurance of quality through the forecast period.

 

The market is growing because of factors such as an increase in airborne infections and a rise in consumer health consciousness. Air pollution from industry is constantly developing as a major danger to both human and environmental health. The air purifier industry has seen a surge in demand in recent years, fuelled by deteriorating air quality and rising health concerns. Due to the high installation and maintenance costs, air purifiers have been seen as a luxury item in both developing and rising nations, particularly in the commercial and residential segments, despite technical advancements, this is restraining the growth of the market in this region.

 

 

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In 2019, Asia-total Pacific's carbon dioxide emissions were around 17269.5 million tonnes (MT), which was higher than the region's total emissions in 2018, which was 16863.3 MT. The growth in carbon dioxide emissions in the region reflects the region's reliance on coal, crude oil, and natural gas for a variety of reasons, all of which release carbon dioxide and other hazardous gases into the environment when burned. These factors are driving the demand for the product in the market.

 

In recent years, the government and other stakeholders in India have placed a greater emphasis on eliminating residential air pollution. Several government programs to minimize air pollution have been developed in recent years. The air purifier market in the country will most likely be driven by this.

 

In this region, air pollution is a key growing risk factor for illness, contributing significantly to the disease burden. Poor air quality affects both rural and urban places. Many cities in the region are experiencing dangerously high levels of air pollution as a result of increased industrial activity, which is expected to drive the air purifier market in this region.

 

Sharp's air purifier featuring plasma cluster technology, which generates positive hydrogen ions and negative oxygen ions while also deactivating some viruses, saw a fivefold rise in sales in Indonesia in September 2020. Since then, about 10,000 air purifiers utilizing Sharp's plasma cluster technology have been sold every month, up from 2,000-3,000 units before the epidemic.

 

Coway Malaysia, a subsidiary of the Japanese company Coway, supplied over 300 air purifiers to around 38 hospitals in Malaysia dedicated to COVID-19-infected patients in April 2020. The company also worked with the Ministry of Health (MOH) to ensure healthier air in all hospitals serving COVID-19 patients with dedicated respiratory and infectious disease centers.

 

Market Segment Analysis:

By Technology, Mechanical air filters, such as HEPA filters, capture particles on filter materials and remove them. Large airborne particles such as dust, pollen, mold spores, animal fur, dust mite, and cockroach allergens are captured. HEPA filters are a form of extended surface filter that has a bigger surface area and is more efficient at eliminating larger and smaller airborne particles. These air filters are more effective than pleated filters at removing respirable particles. The ability to eliminate particles with a size greater than or equal to 0.3 micrometers is required by the two most popular standards for HEPA air purifiers, namely 99.95 percent (European Standard) or 99.97 percent (ASME standard).

 

The use of HEPA filters in industrial and commercial settings has resulted in significant demand for the product through Southeast Asia. The introduction of modern HEPA filters with sophisticated integrated technologies, design, and new concepts is expected to drive product demand in this region. The necessity for the work is being fueled by rising air pollution and worsening climatic circumstances, which could enhance the HEPA filter industry.

 

For the past 10 years, HEPA filters have been proved to restrict the transmission of airborne particles and organisms such as viruses and bacteria in a variety of healthcare facilities and life science applications. HEPA filters are also recommended by numerous professional engineering organizations for hospitals, infection control clinics, and other healthcare facilities to eradicate germs and other dangerous particles.

 

To prevent the virus from spreading in Indonesia, Garuda Indonesia, the Jakarta flag airline, disinfected many of its planes that had been used on flights to Chinese destinations in the previous two months in February 2020. After a passenger was sick with coronavirus onboard the GA858 trip, Garuda replaced the high-efficiency particulate arrest (HEPA) filter, which is designed to destroy viruses and germs in an aircraft cabin. Therefore, to ensure the safety and control of the spread of coronavirus in airplanes, air purifiers are frequently being replaced with new ones. As a result, demand for air purifiers in the aviation industry is likely to rise through the forecast period.

 

 

The objective of the report is to present a comprehensive analysis of the Asia Pacific Air Purifier market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia Pacific Air Purifier market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Air Purifier Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Asia Pacific Air Purifier market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia Pacific Air Purifier market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Air Purifier market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Asia Pacific Air Purifier market. The report also analyses if the Asia Pacific Air Purifier market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Air Purifier market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Air Purifier market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Air Purifier market is aided by legal factors.

 

Air Purifier Market Scope:

Asia Pacific Air Purifier Market Scope
Market Size in 2023	USD 3.10 Bn.
Market Size in 2030	USD 5.05 Bn.
CAGR (2024-2030)	7.2%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Technology High-efficiency Particulate Air (HEPA) Activated Carbon Ionic Filters Others
	By Application Residential Commercial Industrial
	By Type Fixed Portable
	By Country India China Japan Australia Indonesia Rest of APAC

 

KEY PLAYERS:  

• Daikin Industries Ltd
• Honeywell International Inc.
• LG Electronics Inc.
• Unilever PLC
• Dyson Ltd
• Whirlpool Corporation
• Panasonic Corporation
• Koninklijke Philips NV
• IQAir
• Samsung Electronics Co. Ltd
• Xiaomi Corp
• AllerAir Industries Inc

 (* Key Players List Not Exhaustive)