Air Purifier Market overview
The Air purifier market is witnessing rapid revenue growth. Increasing sale of portable air purifiers is a major driving force behind the market growth. Besides, the rising use of portable air purifiers in residential and commercial setups pushes the market value.
As of the latest available data in 2022, the Air Purifier Market Size was estimated to be valued at USD 6.3 billion. However, according to projections, the industry is expected to experience substantial growth in the coming years. It is projected to reach USD 7.0 billion in 2023 and further expand to USD 13.4 billion by the year 2030. This growth trajectory signifies a remarkable compound annual growth rate (CAGR) of 11.4% during the forecast period from 2023 to 2030.
The COVID-19 pandemic further boosted the demand for air purifiers as people became more concerned about virus transmission indoors. Many sought air purifiers as a precautionary measure to reduce the potential spread of airborne viruses.
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Air Purifier Market – Segmentation
Air Purifier Product Outlook (USD Million, 2018-2030)
Air Purifier Sales Channel Outlook (USD Million, 2018-2030)
Air Purifier Regional Outlook
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By Region, the study provides the market insights into North America, Europe, Asia-Pacific, and Rest of the World. Asia Pacific Air Purifier market accounted for USD 2.8 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to rapid urbanization and industrialization combined with a growing population with increased disposable income.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
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