Air purifiers remove smoke particles that pose a health risk. Efficient air purifiers have the capacity to capture some bacteria, viruses, and DNA-damaging particles. Air pollution also increases the risks of acute respiratory infections. As intake of polluted air can have severe health effects such as asthma, COPD, or increased cardiovascular risks, most countries have strengthened laws to control the air quality and mainly focus on emissions from automobiles. The World Health Organization (WHO) estimates more than Four million deaths worldwide every year are attributed to ambient air pollution.
Nearly 90% of air-pollution-related deaths occur in low- and middle-income countries, with nearly 2 out of 3 occurring in WHO’s South-East Asia and Western Pacific regions. 94% are due to non-communicable diseases such as cardiovascular diseases, stroke, chronic obstructive pulmonary disease, and lung cancer.
The collective revenue of the Residential segment is expected to generate USD 94,014.00 Mn during 2020-2027. Residential holds 52.25% of the market share in 2018 and is expected to be 53.21% by 2027, for the Global Air Purifier Market by End User. The Residential segment dominates the end-user segmentation due to the rising household air pollution levels and increasing awareness of airborne dust-related diseases, such as asthma, cancer, COPD, and allergies, leading to the growing adoption of the product by home-owners and increasing demand for energy-efficient air purifiers. For instance, According to the World Health Organization (WHO), More than 65 million people worldwide have moderate or severe COPD. COPD is a leading cause of death in the United States, affecting 16 million Americans in 2015. According to the World Health Organization (WHO), in 2016, annually 3.8 million deaths can be attributed to household air pollution, accounting for 7.7% of the global mortality and 50% of pneumonia deaths in children under 5 are due to household air pollution. HPEA filtration technology is the most used filter technology as it can remove pollutants from the air inside the home and eliminate smoke, pollens, dust, and pet dander. North America holds the largest regional market in the Residential segment. However, Asia Pacific is the fastest growing regional market share as countries like India and China see increased urbanization. A rising population has resulted in a drastic rise in-vehicle use, industrial activities, and pollution levels which has increased demand for air purifiers.
The collective revenue of the Commercial segment is expected to generate USD 49,455.90 Mn during 2020-2027. The Commercial holds 27.6% of the market share in 2019 and is expected to be 27.92% by 2027 for the Global Air Purifier Market by End User. The Commercial segment is expected to show considerable market growth due to increasing environmental concerns and stringent regulatory norms regarding air quality. According to the U.S. Environmental Protection Agency, indoor air can be anywhere from two to five times as polluted as outdoor air. Moreover, the growing product awareness, increasing population, and growing incidences of bacterial and communicable infections will drive the commercial segment in the global air purifier market during the forecast period.
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