The global market for Residential Air Purification Equipment is estimated at US$10.0 Billion in 2023 and is projected to reach US$15.9 Billion by 2030, growing at a CAGR of 6.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the residential air purification equipment market is driven by several factors. Increasing awareness of the health impacts of indoor air pollution, exacerbated by events like wildfires and rising pollution levels, has spurred consumer demand. The COVID-19 pandemic has heightened the focus on air hygiene, leading to a surge in sales of air purifiers as people seek to reduce the risk of airborne transmission of viruses. Technological advancements have made air purifiers more efficient, user-friendly, and integrated with smart home systems, appealing to tech-savvy consumers. The rise in respiratory conditions and allergies has also driven demand, as more people look for solutions to alleviate their symptoms. Additionally, government initiatives and regulations aimed at improving air quality standards in residential areas have supported market growth. The increasing disposable incomes in emerging economies have enabled more households to invest in air purification equipment, expanding the market`s reach globally. As these trends continue, the residential air purification equipment market is expected to see sustained growth, driven by ongoing technological innovations and a heightened awareness of the importance of clean indoor air.
The growth in the residential air purification equipment market is driven by several factors. Increasing awareness of the health impacts of indoor air pollution, exacerbated by events like wildfires and rising pollution levels, has spurred consumer demand. The COVID-19 pandemic has heightened the focus on air hygiene, leading to a surge in sales of air purifiers as people seek to reduce the risk of airborne transmission of viruses. Technological advancements have made air purifiers more efficient, user-friendly, and integrated with smart home systems, appealing to tech-savvy consumers. The rise in respiratory conditions and allergies has also driven demand, as more people look for solutions to alleviate their symptoms. Additionally, government initiatives and regulations aimed at improving air quality standards in residential areas have supported market growth. The increasing disposable incomes in emerging economies have enabled more households to invest in air purification equipment, expanding the market`s reach globally. As these trends continue, the residential air purification equipment market is expected to see sustained growth, driven by ongoing technological innovations and a heightened awareness of the importance of clean indoor air.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Stand-Alone Residential Air Purification Equipment segment, which is expected to reach US$12.6 Billion by 2030 with a CAGR of a 7.0%. The In-Duct Residential Air Purification Equipment segment is also set to grow at 6.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.8 Billion in 2023, and China, forecasted to grow at an impressive 9.2% CAGR to reach $3.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Residential Air Purification Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Residential Air Purification Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Residential Air Purification Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Fujitsu Ltd., 3M Company, Daikin Industries Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 125 Featured):
- Fujitsu Ltd.
- 3M Company
- Daikin Industries Ltd.
- AB Electrolux
- Eureka Forbes Ltd.
- Carrier Corporation
- Dyson Ltd.
- Alen Corporation
- Continental Fan Manufacturing, Inc.
- De`Longhi Group
- Fujitsu General Ltd.
- Air Quality Engineering
- Aprilaire
- Fellowes Brands
- Goodman Manufacturing Company, L.P.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
REST OF ASIA-PACIFIC
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Fujitsu Ltd.
- 3M Company
- Daikin Industries Ltd.
- AB Electrolux
- Eureka Forbes Ltd.
- Carrier Corporation
- Dyson Ltd.
- Alen Corporation
- Continental Fan Manufacturing, Inc.
- De`Longhi Group
- Fujitsu General Ltd.
- Air Quality Engineering
- Aprilaire
- Fellowes Brands
- Goodman Manufacturing Company, L.P.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10 Billion |
| Forecasted Market Value ( USD | $ 15.9 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
