Residential Air Purification Equipment Global Market to Reach $15.9 Billion by 2030: Deteriorating Indoor Air Quality amid Rising Pollution Levels in Residential Buildings Fuels Growth


Dublin, March 20, 2023 (GLOBE NEWSWIRE) -- The "Residential Air Purification Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Residential Air Purification Equipment estimated at US$9.5 Billion in the year 2022, is projected to reach a revised size of US$15.9 Billion by 2030, growing at a CAGR of 6.7% over the analysis period 2022-2030.

Stand-Alone, one of the segments analyzed in the report, is projected to record 6.9% CAGR and reach US$12.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the In-Duct segment is readjusted to a revised 5.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.6 Billion, While China is Forecast to Grow at 9.1% CAGR

The Residential Air Purification Equipment market in the U.S. is estimated at US$2.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.

Select Competitors (Total 125 Featured) -

  • 3M Company
  • Abatement Technologies, Inc.
  • Airgle Corporation
  • Alen Corporation
  • AllerAir Industries Inc
  • Amway Corporation
  • Blueair AB
  • Camfil AB
  • Camfil Farr, Inc.
  • Carrier Corporation
  • Continental Fan Manufacturing Inc.
  • Coway Co., Ltd.
  • Daikin Industries, Ltd.
  • Dyson Ltd
  • Guardian Technologies LLC
  • Hamilton Beach Brands, Inc.
  • Honeywell International Inc.
  • Hunter Pure Air
  • IQAir
  • KENT RO Systems Ltd
  • Koninklijke Philips N.V.
  • Lennox International, Inc.
  • LG Electronics Inc.
  • MANN+HUMMEL GMBH
  • Newell Brands Inc.
  • Sunbeam Products, Inc.
  • Panasonic Corporation
  • Panasonic Ecology Systems Co., Ltd.
  • SANYO Electric Co., Ltd.
  • Research Products Corporation
  • Samsung Electronics Co., Ltd.
  • Sharp Corporation
  • Steril-Aire, Inc.
  • Trion, Inc.
  • Whirlpool Corporation
  • White-Rodgers Company
  • Xiaomi, Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages200
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$9.5 Billion
Forecasted Market Value (USD) by 2030$15.9 Billion
Compound Annual Growth Rate6.6%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • COVID-19 Crisis Presents Opportunity for Residential Air Purification Systems
  • COVID-19 Pandemic Elevates Role of Smart Air Purifiers
  • Air Purifier with Impressive Efficacy of over 99.9% against COVID-19 Virus
  • HEPA Air Purifiers Suitable for Protection Against COVID-19
  • Pandemic Weakens Global Economic Environment, Triggering Negative Tide in GDP
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Residential Air Purification Equipment: A Prelude
  • History and Evolution of Air Purifiers
  • An Insight into Types of Air Purification Technologies
  • Technologies and their Efficiencies in Removing Air Borne Contaminants
  • Types of Air Filtration Technologies and their Advantages and Limitations
  • Types of Air Purifiers
  • Stand-Alone Purification Equipment
  • Induct Air Purification Equipment
  • Residential Air Purification Equipment: Addressing Indoor Air Quality Concerns
  • Causes of Indoor Air Pollution
  • Global Market Prospects & Outlook
  • Standalone Air Purification Equipment Market Leads Global Market
  • HEPA Filters to Fuel Revenue Growth
  • Developed Regions Lead, Developing Economies to Spearhead Future Growth
  • Competition
  • An Intensely Competitive Marketplace
  • Induct Air Purification Marketplace: Fragmented in Nature
  • Key Factors Influencing Purchases of Air Purifiers
  • Major Factors Responsible for Variation in Air Purifier Prices
  • Dispersion of Knowledge: An Important Competitive Variable
  • World Brands
  • Recent Market Activity
  • Residential Air Purification Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Deteriorating Indoor Air Quality amid Rising Pollution Levels in Residential Buildings: The Fundamental Growth Driver
  • Major Indoor Pollutants: Brief Details of Pollutant, Source, and Impact on Health
  • Global Indoor Air Pollution Related Fatalities by Health Condition (In %) for 2020E
  • Air Pollution Levels Worldwide: Average PM2.5 Concentration (in g/m) in Select Countries for 2019
  • Air Pollution Levels (PM10 ug/m3) for Major Countries Worldwide
  • Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2019
  • Countries with Highest Carbon Emissions Worldwide: Percentage Breakdown of Carbon Emissions by Country (in %) for 2020E
  • With Climate Change and Wildfires Impacting Indoor Air Quality, Adoption of Air Purifiers Poised to Grow
  • Trend towards Home Automation and Smart Homes Boosts Demand for Smart Air Purifiers
  • Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Smart Home Penetration Rate (%) by Region/Country: 2020
  • Select Smart Air Purifiers: A Review
  • Few Players Operate in Smart Air Purifiers Market
  • Alarming Rise in Incidence of Asthma and Allergies Spurs Demand for Air Purifiers
  • Rising Prevalence of Asthma in Children Bodes Well for Air Purifiers Market
  • HEPA Purifiers: Superior Attributes over Other Alternatives Drive Widespread Market Adoption
  • Aging Population Vulnerable to Air-borne Allergies and Health Risks to Fuel Air Purifier Market
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Usage of Residential Air Purifiers Tends to Soar During Summer Season
  • Technology Advancements to Boost Market Prospects
  • A Review of Potential Air Purifier System Innovations
  • Select Innovations in Air Purification Systems Market
  • Influx of New Products Boosts Smart Air Purifiers Market
  • Ventilation as Double-Edged Blade Popularizes 'AC + Air Filter' Formula for Indoor Air amid COVID-19
  • Combination Technologies Offer Scope for Product Differentiation
  • Eliminating Odors and Smoke Remain Key to Product Success
  • Air Purifiers: A Must Have for Sufferers of Multiple Chemical Sensitivity Condition
  • Regulatory Standards Spruce Up Sales of Air Purification Equipment
  • Construction Activity Worldwide Signals Opportunities for Residential Air Purifiers Market
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • E-Commerce Makes Rapid Inroads, Expands Growth Opportunities for Air Purifiers Market
  • Demographic and Economic Trends Influence Market Prospects
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Expanding Urban Population
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Key Factors Restraining Market Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/2ggppg

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Global Market for Residential Air Purification Equipment

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