The Latest Air Purifier Industry Statistics Explained
The global air purifier market is expected to grow at a CAGR of around 10% during 2020-2025.
This statistic indicates the projected growth rate of the global air purifier market over a specific time period, which is from 2020 to 2025. The Compound Annual Growth Rate (CAGR) of around 10% suggests that the market is expected to expand steadily at an average rate of 10% each year during this period. This growth rate reflects an increasing demand for air purifiers worldwide, likely driven by factors such as growing awareness of air pollution, health concerns related to indoor air quality, and an emphasis on promoting clean and healthy living environments. The forecasted CAGR of 10% signals potential opportunities for companies operating in the air purifier industry to capitalize on this trend and expand their market presence over the specified five-year period.
Asia Pacific emerged as the largest market for air purifiers with a share of 32.7% in 2018.
The statistic indicates that in 2018, the Asia Pacific region held the largest market share for air purifiers, constituting 32.7% of the global market. This suggests that a significant portion of the demand for air purifiers was driven by countries within the Asia Pacific region, possibly due to factors such as high levels of air pollution, increasing awareness of the importance of indoor air quality, or a growing middle-class population with higher disposable incomes. As the largest market for air purifiers, the Asia Pacific region likely played a crucial role in driving overall industry growth and innovation during that period.
The residential segment accounted for a significant share of 58.23% in 2018 in the air purifier market.
The statistic indicates that the residential segment held a substantial share of 58.23% in the air purifier market in 2018, highlighting the importance of household consumers in driving demand for air purifiers. This suggests that a majority of air purifiers sold during that year were purchased for residential use rather than for commercial or industrial purposes. The high market share of the residential segment signifies that individuals and families were actively investing in air purification solutions to improve indoor air quality and address health concerns related to pollution, allergies, or airborne contaminants within their homes. This data emphasizes the significance of the residential market as a key driver of growth and revenue in the air purifier industry.
HEPA technology dominated the market with a share of over 38% in 2019.
The statistic, “HEPA technology dominated the market with a share of over 38% in 2019,” indicates that in 2019, High-Efficiency Particulate Air (HEPA) technology had a significant presence in the market, accounting for more than one-third of the market share. This suggests that HEPA technology was the preferred choice among consumers or industries seeking air filtration solutions during that year. The dominance of HEPA technology could be attributed to various factors such as its ability to effectively filter out small particles and allergens, its widespread availability in air purifiers and HVAC systems, and potentially a growing awareness of the importance of indoor air quality. This statistic highlights the popularity and competitiveness of HEPA technology in the market during 2019.
Medium-end purifiers dominated the market with a market share of approximately 68%.
The statistic that medium-end purifiers dominate the market with a market share of around 68% indicates that purifiers with a mid-range pricing strategy hold a substantial portion of the overall market. This suggests that consumers may prefer products that offer a balance between features, quality, and affordability. The dominance of medium-end purifiers can influence market trends and competition dynamics, potentially signaling a strong demand for products that cater to the needs of the average consumer. Manufacturers and marketers in the purifier industry can use this information to strategically position their products and capitalize on the prevailing market preference for medium-end purifiers.
North America (particularly the U.S.) is projected to register the highest CAGR of over 10% from 2020 to 2027.
The statistic implies that the North American region, specifically the United States, is expected to experience a Compound Annual Growth Rate (CAGR) of over 10% from 2020 to 2027. This indicates a strong and consistent growth rate in various sectors, likely driven by factors such as economic development, technological advancements, favorable regulatory environment, and increasing consumer demand. The projected high CAGR suggests that North America, especially the U.S., is anticipated to outperform other regions in terms of economic growth and market opportunities during the specified time frame, making it an attractive market for businesses and investors looking for expansion and profitability.
In 2019, the U.S. air purifier market size was USD 3.1 billion.
The statistic stating that in 2019, the U.S. air purifier market size was USD 3.1 billion represents the total value of all air purifiers sold in the United States during that year. It indicates the financial scale of the market, highlighting the significant demand for air purifiers as consumers increasingly prioritize indoor air quality. This statistic is important for businesses, policymakers, and consumers to understand the size and growth of the air purifier industry, reflecting the market’s economic contribution and potential opportunities for investment, innovation, and regulatory considerations in the future.
China’s air purifier market is the largest globally, holding over 40% of the total market share.
The statistic “China’s air purifier market is the largest globally, holding over 40% of the total market share” indicates that China has a significant presence in the global air purifier industry, with consumers in China driving a substantial portion of the market demand. This strong market share suggests that air purifiers are a popular and important product for consumers in China, likely driven by concerns about air pollution and a growing emphasis on improving indoor air quality. The statistic highlights China’s dominance in the air purifier sector, showcasing the country’s influence in shaping trends and innovations within the industry on a global scale.
Europe air purifier market size will grow by USD 1.46 billion at a CAGR of almost 9% during 2019-2023.
This statistic indicates that the market size of air purifiers in Europe is expected to increase by $1.46 billion over the period of 2019-2023. The compound annual growth rate (CAGR) of almost 9% suggests a steady growth in the market value. This growth can be attributed to increasing awareness about the importance of indoor air quality, rising concerns over air pollution, and technological advancements in air purifier products. The projected growth indicates a promising market outlook for air purifier manufacturers and suppliers in Europe, with opportunities for expansion and innovation in the industry.
The Air purifier industry is expected to reach $12,285 million by 2027.
This statistic indicates the projected value of the air purifier industry by the year 2027, with an estimated market size of $12,285 million. This forecast suggests a significant growth trajectory for the industry, driven by factors such as increasing awareness about the importance of indoor air quality, rising pollution levels, and growing health concerns. As more consumers prioritize clean and breathable air in their homes and workplaces, the demand for air purifiers is expected to rise, leading to an expansion in the market size and revenue potential for air purifier manufacturers and suppliers. This statistic serves as a valuable insight for stakeholders in the air purifier industry, guiding strategic decisions and investments to capitalize on the anticipated market growth in the coming years.
The air purifier industry accounted for 4.21 billion USD in 2020 in South Korea.
The statistic that the air purifier industry accounted for 4.21 billion USD in 2020 in South Korea indicates the total monetary value of the sales of air purifiers in that country during the specified time period. This figure represents the revenue generated by the air purifier industry through the sale of air purifier units, related products, and services within South Korea in 2020. The value of 4.21 billion USD highlights the substantial market size and consumer demand for air purifiers in the country, likely driven by factors such as increasing concerns about air quality, pollution levels, and health awareness among the population. This statistic can be used to assess the economic importance of the air purifier industry within the South Korean market and provides valuable insights for businesses, policymakers, and researchers interested in this sector.
The hospital industry segment is expected to hold 13% of the market share by 2021.
This statistic indicates that within the overall market for medical services, the hospital industry segment is projected to account for approximately 13% of the total market share by the year 2021. This suggests that hospitals are expected to maintain a significant portion of the market, likely due to factors such as the increasing demand for healthcare services, the prevalence of chronic diseases, and the role of hospitals as key providers of specialized medical care and emergency services. This projection can impact strategic planning within the healthcare industry, as stakeholders may need to adapt their business models and resource allocation based on the expected strength of the hospital sector in the market.
The Indian Air Purifier Market is anticipated to reach USD 29.7 million by 2027.
The statistic ‘The Indian Air Purifier Market is anticipated to reach USD 29.7 million by 2027’ indicates the projected value of the air purifier market in India by the year 2027. This forecast suggests that there will be significant growth and demand for air purifiers in India over the coming years, with an estimated market value of USD 29.7 million. Factors such as increasing awareness about air pollution, rising health concerns, and improving purchasing power among consumers are likely to drive this growth in the Indian air purifier market. This statistic provides valuable insights for businesses, policymakers, and investors looking to capitalize on the growing market opportunities in the air purifier industry in India.
Middle East and Africa air purifier market is expected to grow at a CAGR of 9.6% from 2020 to 2027.
The statistic stating that the Middle East and Africa air purifier market is projected to grow at a compound annual growth rate (CAGR) of 9.6% from 2020 to 2027 indicates the anticipated annual rate of expansion of this market segment over the specified time period. This growth rate suggests a positive trend in the demand for air purifiers in the Middle East and Africa region, likely driven by factors such as increasing awareness of air quality issues, rising urbanization, and a growing concern for health and wellbeing. The projected CAGR of 9.6% signifies a steady and sustained growth trajectory for the air purifier market in this region, with opportunities for industry players to capitalize on the expanding market potential.
Japan air purifier market is expected to reach $633 million by 2021.
The statistic that the Japan air purifier market is expected to reach $633 million by 2021 indicates the projected value of the market for air purifiers in Japan by that year. This figure reflects the anticipated total revenue generated from the sales of air purifiers in Japan, encompassing various types of air purifier products across different manufacturers and retailers. The growth in the market is likely driven by factors such as increasing awareness about air quality issues, rising pollution levels, and growing health concerns among the population, leading to higher demand for air purifiers as a means to improve indoor air quality. The statistic serves as a forecasting tool for businesses, investors, and policymakers to understand the market potential and plan strategies accordingly in the air purifier industry in Japan.
The sale of air purifiers in the Chinese market saw a year-on-year increase of 6.6% in 2020.
The statistic indicates that the sales of air purifiers in the Chinese market grew by 6.6% from the previous year, 2019, to 2020. This implies that there was a positive trend in consumer demand for air purifiers in China during the specified period. The increase suggests a higher interest in improving indoor air quality, possibly driven by concerns related to pollution, health, or other factors. The percentage growth of 6.6% indicates a moderate but steady rise in sales, which could have been influenced by various factors such as marketing efforts, consumer awareness, and environmental conditions. Overall, the statistic highlights a potential opportunity for businesses in the air purifier industry to capitalize on the growing market in China.
In 2019, Xiaomi was the brand with the highest sales of air purifiers in China, with 45% of the market share.
In 2019, Xiaomi stood out as the leading brand in the air purifier market in China, capturing a substantial 45% market share. This statistic indicates that nearly half of all air purifiers sold in the country that year bore the Xiaomi brand. The high market share suggests that Xiaomi’s air purifiers were popular among Chinese consumers, potentially due to factors such as product quality, pricing, marketing strategies, and brand reputation. The strong performance of Xiaomi in this market segment signifies the brand’s success and competitive edge in meeting the air quality needs of consumers in China.
In 2020, the total volume of air purifiers sold worldwide amounted to approximately 30.75 million units.
The statistic states that in the year 2020, approximately 30.75 million air purifiers were sold globally. This figure reflects the growing consumer demand for air purifiers, likely driven by concerns over indoor air quality and health, especially in the context of the COVID-19 pandemic. The high sales volume indicates that air purifiers have become increasingly popular household appliances across various regions worldwide, with consumers prioritizing cleaner, healthier indoor environments. This statistic highlights a notable trend towards improving air quality and signifies the importance placed on personal health and well-being.
The global Smart Air Purifier market is forecasted to reach USD 31.20 billion by 2027, according to a new report by Reports and Data.
The statistic indicates the projected market size for Smart Air Purifiers worldwide by the year 2027, as estimated in a report by Reports and Data. The forecasted value of USD 31.20 billion represents the anticipated total revenue generated by the sales and adoption of Smart Air Purifiers in the market by that year. This estimate provides insights into the expected growth and significance of the Smart Air Purifier industry, suggesting potential opportunities for businesses operating in this sector as well as highlighting the increasing importance of air purifiers and indoor air quality solutions in response to environmental concerns and health considerations.
Conclusion
Given the growing concerns about air quality and respiratory health, the air purifier industry is experiencing significant growth and demand. As the market continues to evolve with technological advancements and increased awareness, there is a promising future for the air purifier industry. Stay informed about the latest trends and innovations to make informed decisions for your air purification needs.
References
0. – https://www.www.imarcgroup.com
1. – https://www.www.marketresearch.com
2. – https://www.www.chinadaily.com.cn
3. – https://www.equalocean.com
4. – https://www.www.reportsanddata.com
5. – https://www.www.grandviewresearch.com
6. – https://www.www.technavio.com
7. – https://www.www.researchandmarkets.com
8. – https://www.www.business-standard.com
9. – https://www.www.statista.com
10. – https://www.www.kennethresearch.com
11. – https://www.www.globenewswire.com
12. – https://www.www.alliedmarketresearch.com
13. – https://www.www.gminsights.com
14. – https://www.www.fortunebusinessinsights.com
