Air Purification Equipment Global Market Report 2024

The air purification equipment market size has grown strongly in recent years. It will grow from $65.35 billion in 2023 to $71.33 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The expansion observed during the historical period can be attributed to a heightened awareness of air quality, the effects of industrialization and urbanization, government regulations, and growing health concerns..

The air purification equipment market size is expected to see strong growth in the next few years. It will grow to $98.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forecast period can be attributed to various factors such as sustainability and green initiatives, the impact of climate change and natural disasters, a rising demand for smart homes, an aging population, and increasing interest in air quality monitoring. Notable trends in this forecast period include technological advancements, the proliferation of smart and connected devices, the use of HEPA and advanced filtration methods, customization and personalization options, as well as the popularity of portable and compact air purification equipment designs.

The increasing health problems caused by air pollution are expected to drive the demand for air purification equipment. This heightened concern is due to the rising number of deaths and illnesses resulting from air pollution, prompting a greater need for air purification devices that can effectively remove harmful pollutants from the air. According to the World Health Organization (WHO), air pollution is a significant contributor to global mortality and various diseases. It leads to approximately 4.2 million deaths annually worldwide, primarily attributed to heart disease, chronic obstructive pulmonary disease, lung cancer, acute respiratory infections, and stroke. In the United States, there are approximately 200,000 premature deaths each year due to air pollution. Furthermore, air pollution is responsible for 29% of lung cancer cases, 43% of chronic obstructive pulmonary disease cases, 17% of acute lower respiratory infections, and 24% of stroke cases globally. The worsening air quality is expected to increase the demand for air purification equipment in the forecast period.

The primary product categories for air purification equipment include stand-alone units and in-duct systems. In-duct air purifiers are directly integrated into the ventilation ducts, either preceding or following the air handler in residences equipped with central HVAC systems. These devices utilize a range of technologies, such as HEPA filters, electrostatic precipitators, activated carbon, ionic filters, and other advanced technologies. The various user segments for this equipment encompass residential, commercial, and industrial applications.

The air purification equipment market research report is one of a series of new reports that provides air purification equipment market statistics, including air purification equipment industry global market size, regional shares, competitors with an air purification equipment market share, detailed air purification equipment market segments, market trends and opportunities, and any further data you may need to thrive in the air purification equipment industry. This air purification equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The growing trend of home remodeling and renovations is expected to boost the air purification equipment market. Home remodeling and renovations involve making alterations and improvements to residential properties, both internally and externally, to enhance their functionality, aesthetics, and overall value. Increasingly, individuals are incorporating air purification equipment into their home renovation projects to improve indoor air quality and remove contaminants. This is achieved through the installation of air purifiers, filtration systems, or related devices during the renovation process. For example, in January 2023, the Joint Center for Housing Studies of Harvard University reported that national spending on remodeling and repairs for owner-occupied homes is projected to reach $485 billion in 2023, representing a 2.6% increase from the previous year, 2022. This growth trend highlights the rising preference for home remodeling and renovations, which is expected to drive the air purification equipment market in the coming years..

The air purification equipment market faces challenges due to certain risks and high maintenance costs associated with these systems. While air purification equipment is effective at removing dust, it may not always effectively address unpleasant odors. Additionally, some air purification systems emit excess ions into the air, leading to ozone emissions, which can be harmful to the environment. Furthermore, the need for regular maintenance, including the replacement of disposable or replaceable filters that can cost between $20 and $200, represents a significant cost factor. These drawbacks linked to the use of air purification systems are anticipated to hinder the growth of the air purification equipment market in the forecasted period.

Prominent companies in the air purification market are actively engaging in strategic partnerships and collaborations with startups and mid-sized enterprises. These strategic alliances and partnership agreements are aimed at diversifying the range of products and services offered by these companies. By joining forces with other organizations, companies can expand their existing product portfolios and extend their geographic reach. For example, in May 2022, ScentAir Technologies, LLC, a US-based provider of scent solutions, formed a partnership with HealthWay to introduce DFS Compact and DFS Ultrafine, innovative air purification systems that incorporate HealthWay's patented Disinfecting Filtration System technology and ScentAir's services. The DFS Compact and DFS Ultrafine systems are portable in-room solutions designed to deliver clean air. HealthWay is a US-based provider of air purification solutions.

Prominent companies in the air purification equipment market are focused on innovation and are introducing innovative portable air filtration products like RZ AIRflow to maintain a competitive edge. RZ AIRflow is a groundbreaking portable air purification filter designed to be compatible with ductless HVAC systems, effectively purifying indoor air and reducing allergens, viruses, and odors. For example, in March 2023, RZ Industries, a US-based air purification solutions provider, launched RZ AIRflow. This innovative portable air purification filter is specifically designed to seamlessly attach to ductless HVAC systems commonly used in settings like hotel rooms, including packaged terminal air conditioners and through-the-wall heating and cooling units. RZ AIRflow is a collapsible, lightweight solution that can be conveniently stored in a protective case, making it ideal for travelers. This advanced device offers exceptional performance, capable of purifying up to 99.97% of allergens and bacteria, reducing viruses to 0.3 microns, eliminating odors, and quickly refreshing stale air within minutes of operation. Moreover, it features long-lasting, replaceable HEPA and active carbon filters, providing a cost-effective alternative to standalone air purifiers.

In January 2021, Daikin, an Indian-based air conditioning manufacturer, completed the acquisition of Citizen Industries for an undisclosed sum. This strategic acquisition enhances Daikin's footprint in the rapidly expanding commercial air conditioning market, with the goal of increasing the segment's contribution to its revenue to 35% starting next year. Citizen Industries is an India-based company specializing in the manufacturing and distribution of applied secondary equipment.

Major companies operating in the air purification equipment market include Daikin Industries Ltd., Sharp Corporation, Camfil Group, Philips Electronics N.V., LG Electronics Inc., Panasonic Corporation, 3M Company, Mann+Hummel, Honeywell International Inc., Clarcor Inc., Whirlpool Corporation, SPX Flow, Eureka Forbes, Electrocorp, Fumex Inc.

The Asia-Pacific was the largest region in the air purification equipment in 2023. Western Europe was the second largest region in the air purification equipment market during the forecast period. The regions covered in the air purification equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the air purification equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The air purification equipment market consists of sales of ultraviolet air purifiers, HEPA air purifiers, activated carbon air purifiers, ionic air purifiers, electronic air cleaners, central air cleaners, air-to-air exchangers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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