Global Air Purifier Industry Forecast to Hit $28.8 Billion by 2031

 

Meticulous Research®—a leading global market research company, published a research report titled, ‘Air Purifier Market Size, Share, Forecast, & Trends Analysis by Product Type (HEPA, Activated Carbon, Ionic, Hybrid), Circulation (Forced, Natural), Portability, Distribution Channel, End User (Industrial, Residential, Commercial), and Geography - Global Forecast to 2031.’

Download Free Sample Report@ https://www.meticulousresearch.com/download-sample-report/cp_id=5841?utm_source=article&utm_medium=social&utm_campaign=product&utm_content=30-08-2024


The latest insights from Meticulous Research® indicate that the global air purifier market is set to reach $28.8 billion by 2031, with a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031. The market's growth is driven by rising urbanization and indoor air pollution, a surge in demand for energy-efficient air purifiers, increased public awareness about the health impacts of poor air quality, and government efforts to improve air quality. However, the market faces challenges due to the high initial and maintenance costs associated with air purifiers.

Product Type: Market segmentation by product type includes HEPA purifiers, activated carbon air purifiers, ionic air purifiers, UV air purifiers, hybrid air purifiers, and others. The HEPA purifiers segment is anticipated to hold the largest market share in 2024, at around 48%, fueled by growing urban air pollution, increased awareness of health risks, and stringent regulations. Dyson's release of the Purifier Big+Quiet with a HEPA-H13 grade particle filter in August 2023 exemplifies this trend.

Circulation: The market is divided into forced circulation and natural circulation segments. The forced circulation segment is expected to dominate the market in 2024, thanks to the widespread use of HEPA purifiers in industrial settings. This segment is also forecasted to experience the highest growth rate over the forecast period.

Portability: The market is segmented into standalone/portable and in-duct/fixed air purifiers. In 2024, the in-duct/fixed segment is projected to account for 57% of the market, driven by advances in HVAC technology and increased investment in commercial air quality. The standalone/portable segment is expected to grow at a higher CAGR, reflecting rising demand in residential markets and the benefits of focused air purification.

Distribution Channel: The market is categorized into online and offline channels. In 2024, the offline segment is projected to lead with a 72% share, benefiting from in-store customer support and the immediate availability of products. The online segment, however, is anticipated to grow at a faster rate, propelled by the rapid expansion of e-commerce, continuous availability, and consumer-friendly features like easy product comparison and access to reviews.

End User: The market is segmented into industrial, residential, and commercial end users. The commercial segment is expected to capture the largest share of around 55% in 2024, driven by regulatory pressures, strategic industry developments, and increased public awareness. ISO-Aire's launch of new commercial-grade air purifiers in July 2023 highlights the segment's growth potential.

Geography: The air purifier market is geographically segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is forecasted to hold the largest share

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Comments

Post a Comment

Popular posts from this blog

Industrial Fasteners Market Poised for Robust Growth Amid Rising Demand Across Key Sectors

Image
  " Industrial Fasteners Market  Size And Forecast by 2032 According to Data Bridge Market Research Global industrial fasteners market size was valued at USD 102.58 billion in 2024 and is projected to reach USD 161.05 billion by 2032, with a CAGR of 5.80% during the forecast period of 2025 to 2032. Industrial Fasteners Market is making waves in the industry with its latest advancements and market-driven strategies. As a leading player, Mechanical Fasteners Market continues to push boundaries by offering cutting-edge solutions that cater to evolving consumer demands. With a strong focus on innovation, Industrial Fasteners Market has successfully expanded its global footprint, providing businesses with high-quality services and products. The rapid growth of Bolts and Nuts Market is fueled by technological advancements, customer-centric approaches, and strategic partnerships. As Industrial Fasteners Market strengthens its position, it remains committed to delivering value-driven ...
Read more

Global Bulletproof Jacket Market: Emerging Trends, Growth Insights, and Future Outlook

Image
  " Bullet Proof Jacket Market  Size And Forecast by 2030 The Bullet Proof Jacket Market is an evolving industry that holds significant potential across various sectors, driven by advancements in technology, shifting consumer preferences, and growing demand for innovative solutions. With a robust ecosystem of players and a dynamic competitive landscape, the market offers ample opportunities for growth and value creation. This report delves into the size, share, and scope of the Bullet Proof Jacket Market, providing a detailed analysis of its current state and future outlook. Data Bridge Market Research analyses that the Global Bullet Proof Jacket Market which was USD 1.25 Billion in 2022 is expected to reach USD 1.82 Billion by 2030 and is expected to undergo a CAGR of 4.80% during the forecast period of 2022 to 2030 Get a Sample PDF of Report -  https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-bullet-proof-jacket-market   Which are the top comp...
Read more

Dish Antennas Market Set for Significant Growth Amid Rising Demand for Satellite TV and Broadband Services

Image
  " Dish Antennas Market  Size, Share, and Trends Analysis Report—Industry Overview and Forecast to 2031   The Satellite Dish Market is expanding rapidly, driven by increasing consumer demand, technological advancements, and industry-wide innovation. According to top market research firms, businesses in the Parabolic Reflector Antenna Market are prioritizing digital transformation, product development, and data-driven decision-making to stay competitive. With rising investments in automation and efficiency, the TV Reception Dish Market is evolving to meet changing customer preferences. Key players are focusing on research-backed strategies to strengthen their position in the Wireless Communication Antennas, ensuring long-term growth and sustainability. Reports highlight that leading companies are integrating advanced technologies to enhance operational efficiency and customer satisfaction in the Direct Broadcast Satellite (DBS) Dish Market. The Dish Antenna...
Read more