The Total Addressable Market (TAM) size for Air Purification System was valued at USD 23.47 billion in 2022. It is projected to reach USD 46.17 billion by 2031, growing with a CAGR of 7% during the forecast period (2023–2031).
An air purification system is a device or product utilized in business and private applications to eliminate or control air contaminants and polluting influences from the air. These systems are exclusively designed and benefit people suffering from allergies and asthma. The principal difference between an air cleaner and an air purifier is that air cleaners are equipped with a fan which creates a lot of noise disturbance and is comparatively expensive to purchase and maintain. On the other hand, most air purifiers are silent devices and require relatively less maintenance than air cleaners. Air purification systems are being used on a large scale in industries, commercial areas, and residential sectors owing to their great benefits of evading hazardous pollutants and impurities and providing clean air.
The global air purification system market is primarily driven by increasing infrastructure & industrial activities and growing vehicle fleets over the past few years. In addition, rising awareness regarding the ill effects of poor indoor air quality is expected to propel the demand for air purification systems over the forecast period.
The rising industrialization and urbanization causing an increase in air pollution is a major driver driving the global market for air purifiers. The air quality is gradually deteriorating, leading to a wide range of health problems for people. Asthma, cardiovascular risks, chronic headaches, and eye irritation are just a few of the major health effects that air pollution can have. Additionally, according to the World Health Organization (WHO), air pollution causes 2.4 million deaths annually. Approximately 50% of pediatric pneumonia deaths, according to UNICEF, are linked to air pollution. Air pollution has been worsened by industrialization and the growing number of automobiles on the road, forcing the use of air purifiers, which drives the global market for air purifiers.
Air Purifiers are increasingly being used at commercial facilities, such as hotels, airports, movie theaters, hospitals, shopping complexes, etc. Poor indoor air quality has become a major concern to schools, shopping complexes, commercial buildings, and hospitals which is impacting the health and well-being of people. Increasing CO2 emissions and huge amounts of smoke released from industries and automobiles cause health risks such as asthma, cancer, and other cardiovascular & respiratory diseases. Furthermore, coal used as a fuel source and in thermal power generation across many emerging countries depletes the air quality, strengthening the growing demand for air purification systems.
Study Period | 2019-2031 | CAGR | 7% |
Historical Period | 2019-2021 | Forecast Period | 2023-2031 |
Base Year | 2022 | Base Year Market Size | USD 23.47 Billion |
Forecast Year | 2031 | Forecast Year Market Size | USD 46.17 Billion |
Largest Market | North America | Fastest Growing Market | Asia-Pacific |
Geographically, the global air purification system market is segmented into four regions: North America, Europe, Asia Pacific, and LAMEA.
North America holds the biggest market share and is expected to continue dominating the market throughout the forecast period. Technological advancement, high per capita income, high-quality lifestyle adopted by people, and awareness amongst the population are key factors contributing to the growth of the market in the region. Additionally, due to implementation of stringent government industrial norms and increasing awareness related to the health of employees are reasons driving the market growth. Well-developed infrastructure and increasing awareness in the healthcare, tourism, and hospitality sectors will foster the demand. Systems for the residential area are still at an emerging stage but are expected to rise during the forecast period due to indoor air quality concerns.
Europe's air purification system market has grown considerably over the last few years. The presence of strong players and early adoption of advanced technology is likely to supplement the growth of the market. Because of the increased frequency of various respiratory ailments brought on by the declining air quality in Europe, there is an increasing demand for air purifiers. Along with this, increasing industrialization levels and the resulting increase in air pollution discharge fuel the market expansion. Additionally, the vast range of air purifiers, including multi-use, smart, and compact air purifiers, is having a favorable impact on the market expansion in Europe.
Asia Pacific is expected to grow at the fastest rate in the coming years. Growing concern regarding the ill effects of air pollution on human health and rising awareness among people drives the growth of the market. Additionally, the regional market is being further stimulated by the growing number of automobiles on the road and the increasing use of air pollution management technology, such as air purifiers, to lessen the negative effects of hazardous vehicle emissions. In addition, there has been a noticeable increase in construction activity, and awareness of the deteriorating indoor air quality caused by synthetic building materials is growing. Governments and automakers are also making serious efforts to promote technology that lessen the negative consequences of poisonous air, which is why air purifier demand is increasing in this region.
The air purification system market in Latin America, the Middle East & Africa is projected to display moderate growth over the forecast period on account of the growing demand for air purifiers from various end-use sectors. Several South American nations are seeing a surge in the commercial and residential building industries, because of which the market for air purifiers is predicted to rise favorably in the next few years. In Brazil, several fatalities occur as a result of indoor air pollution from fossil fuel use. These situations foresee a significant demand for air purifiers in South American nations. The Middle East places a high priority on maintaining air quality because it has a direct impact on both human health and nature. The area is very committed to following the WHO air quality recommendations. The United Arab Emirates has undertaken various initiatives to control pollution levels around the nation. These activities show a growing potential for the air purifier market.
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
The global air purification system market is segmented by product, technology, and end-use sectors.
On the basis of product, the global market is segmented into dust collectors, oil & mist eliminators, fume & smoke collectors, fire/emergency exhaust, and others (commercial kitchen ventilation system, industrial UV system, and air cleaners).
Fume & smoke collectors are expected to exhibit the fastest CAGR during the forecast period. This is majorly attributed to growing awareness about the adverse effects of toxic pollutants on health & overall environment and stringent regulations of the labor protection act. For instance, The National Emission Standard for Hazardous Air Pollutants (NESHAP) and Occupational Safety and Health Administration (OSHA) have imposed regulations to control and monitor fume and smoke generated in the factory and other areas. It is increasingly used in various industries on account of limiting dissemination of weld fume particulate, which contains health-hazardous elements such as Chromium, Zinc, Nickel, and others.
By technology, the global market is segmented into HEPA, activated carbon purifiers, electrostatic precipitators, and ionic filters, among others (ozone generators and ultraviolet light air filters).
HEPA is expected to dominate the market over the forecast period. This can be attributed to its benefits offered, such as it gives pollutants-free air for young children and asthma sufferers. HEPA is a mechanical air filter with pleats. It stands for High-Efficiency Particulate Air Purifier. Theoretically, this kind of air filter has a theoretical capacity to filter out 99.97% or more of dust, pollen, mold, germs, and any other airborne particles smaller than 0.3 microns.
By end-use sectors, the global market is segmented into automotive, construction, energy & utilities, healthcare & medical, manufacturing, and others (hospitality sectors, residential, education, aviation).
Healthcare & medical sector is likely to dominate the air purifier market during the forecast period. This is because of air purifiers’ growing applications in the medical industry. It is used as air filtration to keep hospitals, isolation rooms, and surgical suites free of dangerous viruses, microbes, and other harmful particles. Furthermore, it is also used in most sensitive areas in a hospital, such as the neonatal department, where newborns are kept.
However, due to the deteriorating air quality and the growing need to improve indoor air quality at homes, the residential segment is anticipated to grow with the highest CAGR throughout the projection period.
Even though the COVID-19 pandemic had only a little influence on the game engine business, consumers favored online games over offline games, resulting in a decline in demand for offline games, including video games. However, as the demand for online games has grown, several market participants have stepped up their efforts to advance gaming technology. New gaming goods are introduced to cater to the growing need for game engines among game creators. The games engine is primarily intended for use in creating video games.
It incorporates features like 3D graphics, scripting, sound, networking, streaming, artificial intelligence, memory management, and others into a single package. Additionally, dedicated servers and online data storage facilities are being used to improve online multiplayer gaming. Over time, cloud gaming has grown increasingly popular in the gaming business. It has also become huge popular among PC and mobile players alike in recent years.
Cloud games will experience a significant increase in demand during the anticipated period, contributing to the overall growth of the games engine market. Cloud games will see significant demand as 5G and internet access become more widely available. Businesses focusing on entering the market will find it quite profitable.