Global HEPA-Based Residential Air Purifiers Market Size, Share, and COVID-19 Impact Analysis, By Product (Stand-Alone Residential Air Purifiers, In-Duct Residential Air Purifiers, Others), By Distribution Channel (Direct Retail, Online, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

Industry: Machinery & Equipment

RELEASE DATE Sep 2024
REPORT ID SI6338
PAGES 230
REPORT FORMAT PathSoft

Global HEPA-Based Residential Air Purifiers Market Insights Forecasts to 2033

  • The Global HEPA-Based Residential Air Purifiers Market Size was Valued at USD 10.09 Billion in 2023
  • The Market Size is Growing at a CAGR of 8.10% from 2023 to 2033
  • The Worldwide HEPA-Based Residential Air Purifiers Market Size is Expected to Reach USD 21.98 Billion by 2033
  • Asia Pacific is Expected to Grow the fastest during the forecast period.

Global HEPA-Based Residential Air Purifiers Market

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The Global HEPA-Based Residential Air Purifiers Market Size is Anticipated to Exceed USD 21.98 Billion by 2033, Growing at a CAGR of 8.10% from 2023 to 2033.

 

Market Overview

HEPA-based residential air purifiers are devices designed to improve indoor air quality by filtering out airborne particles. HEPA-based residential air purifiers are popular due to their health benefits, increased demand for cleaner air, and concerns about airborne pathogens during the pandemic. Seasonal allergies, urban pollution, and wildfire smoke contribute to the growing popularity of HEPA filters.

 

HEPA stands for high-efficiency particulate air, and a HEPA filter is capable of trapping at least 99.97% of particles that are 0.3 microns in diameter, including dust, pollen, pet dander, mold spores, and smoke. The popularity of HEPA-based residential air purifiers is driven by health awareness, concerns about indoor air quality, and advancements in purification technology. The market offers a range of models and price points, consumer education, and regulatory standards.

 

The growth of the HEPA-based residential air purifiers market is due to the growing quality of sensible homes, increasing government regulations for effective pollution monitoring and management, increasing public-private funding for effective pollution monitoring, rising levels of pollution worldwide, and increasing public awareness associated with the aid and environmental implications of pollution.

 

Report Coverage

This research report categorizes the market for HEPA-based residential air purifiers based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the HEPA-based residential air purifiers market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the HEPA-based residential air purifiers market.

 

Global HEPA-Based Residential Air Purifiers Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 10.09 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :8.10%
2033 Value Projection:USD 21.98 Billion
Historical Data for:2019-2022
No. of Pages:230
Tables, Charts & Figures:140
Segments covered:By Product, By Distribution Channel, By Region
Companies covered:: Daikin Industries, Ltd., Sharp Corporation, Honeywell International Inc., Samsung Electronics Co., Ltd., LG Electronics Inc., Koninklijke Philips N.V., Dyson, Unilever Group, Panasonic Corporation, Whirlpool Corporation, AllerAir Industries Inc., 3M, Camfil AB, Blueair AB, and other key companies.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The growth of the HEPA-based residential air purifiers market is propelled by several factors including rising health awareness regarding indoor air quality and its impact on allergies and respiratory issues. Rapid urbanization and increasing pollution levels further increase the demand for effective air purification solutions. Technological advancements, such as improved filtration methods and smart device integration, enhance consumer appeal. Furthermore, a diverse range of products and growing interest in sustainability make air purifiers more accessible and attractive to consumers, contributing to the market's robust growth.

 

Restraining Factors

The HEPA-based residential air purifiers market is constrained by several factors including high initial costs and maintenance requirements, including regular filter replacements, which might discourage consumers from investing in these devices. HEPA filters are also limited in their effectiveness against gases and odors, leading some consumers to explore alternative solutions. Furthermore, some air purifiers produce noticeable noise, which can be a concern in quiet homes.

 

Market Segmentation

The HEPA-based residential air purifiers market share is classified into product and distribution channel.

  • The stand-alone residential air purifiers segment is estimated to hold the highest market revenue share through the projected period.

Based on the product, the HEPA-based residential air purifiers market is classified into stand-alone residential air purifiers, in-duct residential air purifiers, and others. Among these, the stand-alone residential air purifiers segment is estimated to hold the highest market revenue share through the projected period. The segment dominance is attributed to its portability, ease of installation, and increasing consumer demand for effective indoor air quality solutions. Stand-alone units allow users to target specific areas in their homes, making them a popular choice among consumers looking for immediate and customizable air purification options. The awareness of health issues related to air quality continues to rise and contribute to the segment's growth.

 

  • The online segment is anticipated to grow at the fastest CAGR growth through the forecast period.

Based on the distribution channel, the HEPA-based residential air purifiers market is divided into direct retail, online, and others. Among these, the online segment is anticipated to grow at the fastest CAGR growth through the forecast period. The online segment dominance is fueled due to the increasing consumer preference for online shopping, convenience, and the ability to compare products easily. E-commerce platforms often provide a wider selection, competitive pricing, and customer reviews, making it an attractive option for buyers. Furthermore, the ongoing innovations shift toward digital retailing, accelerated by recent trends, further enhances the growth of the online segment in the air purifiers market.

 

Regional Segment Analysis of the HEPA-Based Residential Air Purifiers Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the HEPA-based residential air purifiers market over the predicted timeframe.

 

North America

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North America is anticipated to hold the largest share of the HEPA-based residential air purifiers market over the predicted timeframe. Increasing health awareness and a growing prevalence of allergies and respiratory issues drive demand for effective air purification solutions in the North American region. The region's higher disposable income enables consumers to invest in quality air purifiers. Furthermore, stringent regulations regarding air quality and environmental standards further bolster market growth in the region.

 

Asia Pacific is expected to grow at the fastest CAGR growth of the HEPA-based residential air purifiers market during the forecast period. Rapid urbanization and increasing pollution levels in major cities have raised concerns about indoor air quality, prompting consumers to seek effective air purification solutions. Furthermore, rising disposable incomes and growing awareness of health issues related to air quality, such as allergies and respiratory diseases, are fueling the demand for the HEPA-based air purifier market. The region is also seeing a surge in technological advancements, with innovative features in air purifiers attracting consumers contributing to the market growth in the Asia Pacific region.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the HEPA-based residential air purifiers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Daikin Industries, Ltd.
  • Sharp Corporation
  • Honeywell International Inc.
  • Samsung Electronics Co., Ltd.
  • LG Electronics Inc.
  • Koninklijke Philips N.V.
  • Dyson
  • Unilever Group
  • Panasonic Corporation
  • Whirlpool Corporation
  • AllerAir Industries Inc.
  • 3M
  • Camfil AB
  • Blueair AB
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In September 2024, Blueair, a pioneer in the air wellness business, announced a ground-breaking collaboration with Lanaco, a New Zealand-based firm specializing in wool filter technology. The cooperation intends to produce a range of high-performance electrostatic wool and plant fiber-based filters, representing a key milestone in the sector.

 

  • In August 2024, Daikin launched two new plug-and-play air purifier models designed to improve indoor air quality while also providing real-time air quality insights. The models MCK70Z and MC80Z connect to Daikin's Onecta app, which allows customers to control, monitor, and plan air purification using a smartphone or tablet.

 

  • In August 2024, Winix, a pioneer in innovative air quality solutions, announced the introduction of the C610 Tower Air Purifier. This latest addition to our product line raises the bar for air purification by combining cutting-edge filtering technology with intuitive, user-friendly functionality.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the HEPA-based residential air purifiers market based on the below-mentioned segments: 

 

Global HEPA-Based Residential Air Purifiers Market, By Product

  • Stand-Alone Residential Air Purifiers
  • In-Duct Residential Air Purifiers
  • Others

 

Global HEPA-Based Residential Air Purifiers Market, By Distribution Channel

  • Direct Retail
  • Online
  • Others

 

Global HEPA-Based Residential Air Purifiers Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the HEPA-based residential air purifiers market over the forecast period?
    The HEPA-based residential air purifiers market is projected to expand at a CAGR of 8.10% during the forecast period.
  • 2. What is the market size of the HEPA-based residential air purifiers market?
    The Global HEPA-Based Residential Air Purifiers Market Size is Expected to Grow from USD 10.09 Billion in 2023 to USD 21.98 Billion by 2033, at a CAGR of 8.10% during the forecast period 2023-2033.
  • 3. Which region holds the largest share of the HEPA-based residential air purifiers market?
    North America is anticipated to hold the largest share of the HEPA-based residential air purifiers market over the predicted timeframe.

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