The Global Portable Air Purifiers market is anticipated to experience a Compound Annual Growth Rate (CAGR) of 9.44% from 2022 to 2030, with an estimated value of USD 13,082.84 million by 2030.
This global market is categorized based on Type, end use, distribution channel, and region. The Types include HPEA, Active Carbon, Electrostatic Precipitator, Ion and Ozone Generator, among others. End use segments comprise residential and commercial, while distribution channels encompass online and offline. Major regions considered are North America, Europe, Asia Pacific, and the rest of the world.
Key players in this market include Honeywell International Inc., Panasonic Corporation, Levoit, Guardian Technologies, LG Electronics, Whirlpool Corporation, Samsung Electronics Co., Ltd., Hamilton Beach Brands Holding, and more.
The portable air purifier market is expected to exhibit uneven growth during the forecast period. North America is anticipated to be a significant player, driven by heightened awareness of issues like asthma, allergies, and pet dander. The demand for air purifiers in Asia-Pacific and Europe is attributed to the necessity for good indoor air quality in both residential and commercial spaces.
In 2021, Europe held the third-largest market share globally, experiencing growth due to urbanization leading to construction and renovation activities. Factors contributing to poor indoor air quality, such as freshly painted houses, new furniture, cleaning products, tobacco smoke, gases, and allergens, are boosting the demand for portable air purifiers in the European region.
The market's dynamic nature and diverse factors affecting air quality contribute to the varying growth patterns across regions. As households and commercial entities prioritize healthier indoor environments, the global portable air purifier market is poised for expansion, addressing concerns related to air pollutants and promoting overall well-being.
The global portable air purifier market is witnessing significant growth disparities across regions, with North America emerging as a pivotal player due to a heightened consciousness surrounding health issues like asthma and allergies. This increased awareness is driving the demand for air purifiers, as consumers prioritize clean indoor air. Meanwhile, in Asia-Pacific and Europe, the imperative for optimal indoor air quality in both residential and commercial spaces is propelling the market forward. Europe, in particular, stands out with its third-largest market share globally in 2021, experiencing growth fueled by urbanization, construction, and renovation activities. The surge in demand for portable air purifiers in Europe can be attributed to various factors, including the release of pollutants from newly painted houses, the introduction of new furniture, the use of cleaning products, tobacco smoke, gases, and allergens. As a result, the market is evolving to meet the rising need for effective air purification solutions, aligning with the broader goal of fostering healthier living environments worldwide.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 8.2 Billion |
Market Size Value In 2023 | USD 8.7 Billion |
Growth Rate | 7.00% (2023-2032) |
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