In the Asia-Pacific, the market for air purifiers is experiencing a rapid growth rate owing to the economic development, increasing air pollution levels, and growing awareness among the consumers regarding the advantages of the same. According to the market intelligence report by BIS Research titled, ‘APAC Air Purifier Market -Analysis and Forecast (2017-2026)’, the market is expected to reach a value of $34.52 billion by the end of the year 2026, registering a CAGR of 24.5% during the forecast period of 2017-2026. This significant growth is attributed to the rapid industrialization, increasing employment opportunities, additional exchange programs, increased tourism, and rising pollution levels in the region. In addition to this, the technological advancements and favorable government initiatives in this field are accelerating the market growth.
Air purifiers are used to purify the indoor air in various structures with the help of filters in these purifiers. To increase the product efficiency, filters are either used alone or with pairs, and with the help of these, air purifiers can curb health risks due to the rise in the pollution, allergies caused due to pollen and dust, and aid to avoid exposure to harmful chemicals and smoke. Some of the filters used are high-efficiency particulate air (HEPA) filters, activated carbon filters, electrostatic precipitators, and ionizers. HEPA filters are currently leading the market with 38.4 % of share.
Air purifiers are extensively used in commercial areas such as offices, cars, hotels, schools, and fitness centers, and in residential areas such as homes, kitchen, storerooms, and living rooms, among others. However, the market is dominated by the commercial end users owing to the various advantages of purifiers such as purification of polluted air, effective cleaning of the UV inducts systems, kitchen exhaust systems, and air conditioning ventilation unit.
Various governments and private research institutes, and the trade policies are putting in substantial efforts to curb the pollution levels across the globe and to increase the awareness about air purifiers among the consumers. Further, some of the major companies are focusing on technological innovations through huge R&D investments for the development of incorporated filter technology and silent bedroom air purifiers. With such technological advancements in air purifiers, the market is expected to propel during the forecast period. Despite such technological advancements, there are certain factors that will act as the chief growth inhibitors, in the next five years, such as lack of awareness among the consumers regarding the benefits of air purifiers, harmful emissions from these air purifiers, and their high maintenance and replacement cost.
BIS Research has conducted an extensive research on the APAC air purifier market and compiled the observation and insight in this report. The market intelligence report aims at providing an in-depth analysis of the key development strategies, marketing strategies and market trend dynamics which include drivers, restraints, and opportunities prevailing in the industry.
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