Consumer Goods & Retail

Global Portable Air Purifier Market

March 15, 2022
ID: SR/CG-101
Format:Pdf
Pages:220

Global Portable Air Purifier Market By Type (Dust Collectors, Fume & Smoke Collectors and others), By Technique (High-Efficiency Particulate Air, Activated carbon Filtration and others), By Distribution channel (supermarkets/Hypermarkets, Online Stores, Convenience Store and others), By Region (North America, Europe, Asia-Pacific, South America and the Middle East & Africa)-Global Forecast to 2028.

Description

Portable Air Purifier Market Overview

The global portable air purifier market reached USD 8,873.01 million in 2021 and is expected to garner USD 13,856.5 million by 2028, noting a CAGR of 12.10% during the forecast period 2022 to 2028. The portable air purifier market is noticing fast traction. The evolution is majorly conducted by the rising adoption of portable air purifiers for residential and commercial purposes. In pre-COVID 19 duration, people had a broad notion that clean air and proper ventilation prevent all sorts of allergies & airborne illnesses, controlling the transmission of the covid-19 virus.

What is Portable Air Purifier?

An air purifier is a machine that aids improve indoor air quality by destroying impurities from the air. A portable air purifier is utilized indoors to filter the air. Air purifiers vary in their setup, using technology, and the importance of air they clean, which affect air cleaner significance. Air pollution shows an alarming rise in environmental issues, which, in turn, gives rise to various diseases such as asthma. According to the WHO, in 2016, air pollution presented in 7 million early deaths a year, while 92% of the world’s population is computed to breathe toxic air quality. Awareness of increased air pollution among consumers and diseases associated with air pollution is expected to impact portable air purifier sales positively.

Growth Drivers

Growing urbanization and indoor air pollution levels in the Atmosphere

Fast population expansion and industrialization across the world have raised the emission of volatile chemicals, toxic gases, fine particulate matter, and biological elements, thereby increasing air pollution levels. The rise in carbon emission levels is major across developing countries, mainly because of their immediate industrialization and narrow adherence to pollution monitoring & managing regulations. In the Asia Pacific area, the development of the general population from rural to urban regions is anticipated to promote this sensation even additional. According to UNFPA 2020 update, 40% of all international migrants globally arise from Asia and the Pacific, and two out of every five individuals in the region presently live in urban areas. Urbanization has also increased the number of vehicles that cast a significant part of pollutant gases. Home devices such as refrigerators are significant emitters of chlorofluorocarbons. Increasing attention to the adverse health consequences of indoor air pollution has spread up an extensive market for portable air purifiers for indoor air quality improvement and air cooling.

Opportunities

Arising markets to deliver increased growth opportunities

Arising markets such as China, India, Brazil, and Russia are anticipated to present significant opportunities for portable air purifier manufacturers and distributors in the coming years. It can be attributed to the rising smog levels in these countries, connected with growing public awareness, a growing number of illnesses caused by air pollution, improved consumer expense due to population growth and increasing disposable incomes, and more effective government expenditure for effective air quality monitoring. With a shift in the per capita income, growing healthcare awareness, increasing COVID-19 cases, and the extensive population, the demand for a better quality of life and focus towards personal health & hygiene has also improved in these countries.

Restraints

Increased R&D Expenditures for new product launches

The air purification initiative is largely consumer-driven. Manufacturers of portable air purifiers work by collecting details about their consumers’ demands and requirements. However, consumer anticipations always vary since they prefer additional usefulness and essential processes. For example, portable air purifiers that provide allergen-free breathing are also anticipated to deliver cooling functions. Consumers choose different uses such as fine particulate filters and ozone control applications at the same price as a basic portable air purifier.

Pre Covid-19 Impact on Global Portable Air Purifier Market

Before the covid-19 outbreak, Increasing innovative product launches and improvements in the market-leading to improved product offerings is an essential factor responsible for the upliftment of the market growth, also increasing demand of the product due to growth in disposable income growing industrialization all over the world, which in turn grows the need for the product, rising attention concerning indoor air quality level all over the globe, rising number of houses due to increase in nuclear families are some of the prime factors among others driving the portable air purifier market.

Covid-19 Impact on Global Portable Air Purifier Market

During the covid-19 outbreak, the pandemic has driven major profitable opportunities for portable air purifier manufacturers, with high-performance units including HEPA and activated carbon technologies being favorably popular to minimize the spread of the novel virus covid-19 for enclosed spaces. Premium, high-performance portable air purifiers can filter out particles up to 1 micron, and the size of the covid-19 virus is calculated to be about 1.2 microns. Therefore, manufacturers have shown faith in delivering a solution for indoor environments during the explosion, which will support demand for the near future.

Post Covid-19 Impact on Global Portable Air Purifier Market

After the covid-19 period, the beginning of the novel coronavirus pandemic brought forward the critical demand for clean and safe air. Resultantly, portable air purifiers utilized in residential and commercial setups boosted drastically over the past year. The growing understanding of air purifiers’ benefits in controlling asthma, allergy, and other infections, such as pet dander, keep the market rising further.

By type segmental analysis

The market is segmented into Dust Collectors, Fume & Smoke Collectors, and others based on type segmental analysis. The dust collectors are calculated for the highest share. The market for dust collectors is caused by an expansion in economic movement and promotion in the urban population. Moreover, advanced industrial manufacturing and infrastructure development results in harmful pollutants, thereby leading to increased demand for portable air purifiers.

By Technique Segmental Analysis

Based on technique segmental analysis, the market is segmented into High-Efficiency Particulate Air, Activated carbon Filtration and others. The high-efficiency particulate air is monopolized the portable air purifier market. It is attributed to increased demand for high efficiency of HEPA-based air purifiers. Similarly, the surge in demand for the adoption of air pollution control equipment, mainly in growing economies, is anticipated to push the market for portable air purifiers.

By Distribution Channel Analysis

Based on distribution channel segmental analysis, the market is segmented into supermarkets/Hypermarkets, Online Stores, Convenience stores and others. The supermarkets and hypermarkets donated the highest share to the global portable air purifier market share. It stood attributed to an expansive scope of consumer goods under a single roof, great parking space, and suitable operation timings.

By Regional Segmental Analysis

Based on the regional segmental analysis, the market is segmented into North America, Europe, Asia-Pacific, South America and the Middle East & Africa. North America region maintained the largest market share in 2021. However, the Asia-Pacific region is estimated to notice the highest CAGR during the forecast period owing to the flourishing automobile enterprise in occurring economies, such as China, India, Japan, South Korea, etc. Moreover, governments and automobile factories are taking strict endeavors to encourage technologies to decrease the damaging consequences of toxic air. The demand for portable air purifiers is attaining traction in this region.

Competitors Analysis

The company includes AUSTIN AIR SYSTEMS LIMITED, Blue Air Inc., Coway Limited, Dyson Limited, Honeywell International Inc., Levoit, Panasonic Corporation, Philips International B.V., Sharp Corporation, Whirlpool and other prominent players in the global portable air purifier market.

Key Stakeholders

Recent Developments

In 2021, Panasonic Corporation had created a new nano X machine that induces 100 times more Hydroxyl (O.H.) radicals than the conventional nanodevice. As a result, the latest nano X device improves air purification and deodorization in indoor areas.
In 2021, Panasonic Ecology Systems Co., Ltd. and Panasonic Ecology Systems Guangdong Co., Ltd. created the First Shunde Branch Plant in China, a new factory for IAQ devices such as power recovery ventilator systems and air purifiers.
In 2021, Dyson opened its fourth Dyson Demo store in France, found in the iconic shopping district of Terrasses du Port in Marseille. The new space will showcase Dyson’sDyson’s most delinquent technology in home cleaning, air purification, lighting, and hair care.
In 2020, Molekule colloborated with Sourcenext. The partnership is desired to help Molekule move into the next phase of growth, which contains global expansion. In a promise to Molekule’sMolekule’s innovation, Sourcenext has also supported USD 10.1 million into the company. The funds will be utilized for growth endeavors as the company organizes to meet strong global demand for an air purification solution.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 8,873.01 million
The revenue forecast in 2028	USD 13,856.5 million
Growth Rate	CAGR of 12.10 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies include AUSTIN AIR SYSTEMS LIMITED, Blue Air Inc., Coway Limited, Dyson Limited, Honeywell International Inc., Levoit, Panasonic Corporation, Philips International B.V., Sharp Corporation, Whirlpool are key players.

Market Modelling

By type

Dust Collectors
Fume & Smoke Collectors
Others

By Technique

High-Efficiency Particulate Air
Activated Carbon Filtration
Others

By Distribution Channel

Supermarkets/Hypermarkets
Online Stores
Convenience Store
Others

By Region

North America
Europe
Asia-Pacific
South America
The Middle East & Africa

Table Of Contents

Methodology

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Frequently Asked Questions (FAQ):

What is Portable Air Purifier?

What is the market value of the global portable air purifier market?

The global portable air purifier market reached USD 8,873.01 million in 2021 and is expected to garner USD 13,856.5 million by 2028, noting a CAGR of 12.10% during the forecast period 2022 to 2028.

Which top companies include in the global portable air purifier market?

The Companies include AUSTIN AIR SYSTEMS LIMITED, Blue Air Inc., Coway Limited, Dyson Limited, Honeywell International Inc., Levoit, Panasonic Corporation, Philips International B.V., Sharp Corporation, Whirlpool are the key players in the global portable air purifier market.

Which is the most influencing segment in the global portable air purifier market during 2022-2028?

The high-efficiency particulate air is influencing the portable air purifier market segment during the forecast period of 2022-2028.

What is the impact of covid-19 in the market of global portable air purifiers?

During the covid-19 outbreak, the pandemic has driven major profitable opportunities for the portable air purifier market.

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Global Portable Air Purifier Market

Portable Air Purifier Market Overview

What is Portable Air Purifier?

Growth Drivers

Growing urbanization and indoor air pollution levels in the Atmosphere

Opportunities

Arising markets to deliver increased growth opportunities

Restraints

Increased R&D Expenditures for new product launches

Pre Covid-19 Impact on Global Portable Air Purifier Market

Covid-19 Impact on Global Portable Air Purifier Market

Post Covid-19 Impact on Global Portable Air Purifier Market

By type segmental analysis

By Technique Segmental Analysis

By Distribution Channel Analysis

By Regional Segmental Analysis

Competitors Analysis

Recent Developments

Scope of the Report

Market Modelling

Report Content

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