U.S. Air Purifier Market To Record A Sluggish CAGR of 12.4% By 2027 | Grand View Research, Inc.

November 12 09:48 2020
U.S. Air Purifier Market To Record A Sluggish CAGR of 12.4% By 2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Rising pollution levels and increasing prevalence of airborne diseases in the country have resulted in creating awareness among the consumers, thereby augmenting the product demand.

According to a report, “U.S. Air Purifier Market Size, Share & Trends Analysis Report By Technology (HEPA, Activated Carbon, Ionic Filters), By Application (Commercial, Residential, Industrial), And Segment Forecasts, 2020 – 2027”, published by Grand View Research, Inc., The U.S. air purifier market size is expected to reach USD 4.46 billion by 2027, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 12.4% during the forecast period. Rising awareness regarding outdoor and indoor air pollution and the health problems associated with it is expected to drive the demand for air purifiers in the country.

Rising concerns about the health problems associated with air pollution coupled with the increased spending on durable goods are expected to augment the product demand. In addition, the recent outbreak of the COVID-19 pandemic is likely to have a short to moderate-term positive impact on the market growth in U.S.

The lockdown measures taken by various states in U.S. have resulted in boosting the sales of home appliances such as air purifiers, cleaning appliances, kitchen appliances, and water filtration devices. Rising awareness regarding healthy living has contributed to the increased sales of purifiers across the states in the country.

Rising pollution caused by various factors, including increasing economic activities, growing instances of wildfires, dust from renovation or construction activities, cleaning supplies, or other airborne chemicals is expected to affect indoor quality. Thus, the adoption of purifiers is expected to witness significant growth in order to maintain indoor quality.

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U.S. air purifier market size

U.S. Air Purifier Market Report Highlights

  • The demand for activated carbon purifiers is estimated to witness expand at a CAGR of 13.8% in terms of revenue, from 2020 to 2027, on account of its ability to absorb gases and odors from cooking, mold, chemicals, pets, and smoke

  • Residential application accounted for over 17.1% of the revenue share in 2019, owing to increasing demand for clean air coupled with the rising awareness regarding indoor pollution

  • The demand for the purifiers in industrial applications is anticipated to reach USD 470.3 million by 2027, on account of the increasing product adoption for eliminating weld smoke, construction dust, tobacco smoke, and other particles that are harmful to employees

  • High-Efficiency Particulate Air (HEPA) filters accounted for around 39.2% of the revenue share in 2019, owing to its ability to remove around 99.7% of the particles having a size greater than or equal to 0.3 microns

  • New product launches, licensing agreements, and mergers and acquisitions are some of the strategies adopted by the participants to gain market share and strength their position in the competitive industry

Application Insights

Commercial application segment held the largest market share of over 70% in 2019. The product demand in commercial application is estimated to witness a CAGR of 12.1% from 2020 to 2027, in terms of revenue. Air purifiers are installed in offices in order to maintain indoor air quality, as poor quality may hamper the productivity of employees. Similarly, the purifiers are used in hospitals and medical laboratories to avoid contamination as superior quality is of utmost importance in these spaces.

Products are used in educational institutes, R&D laboratories, and pre-school and secondary educational facilities for removing airborne pathogens as well as to maintain indoor quality. Similarly, the purifiers with HEPA and activated carbon are used in restaurants and hotels for removing particulates, odor, and smoke from the air, thereby improving the quality in the establishments.

U.S. air purifier market share 

The containment measures taken by the U.S. government to limit the spread of COVID-19 pandemic has resulted in people staying at home, thereby increasing the need for improved indoor quality. The product demand in residential is estimated to witness a CAGR of 13.7% from 2020 to 2027 owing to the rising awareness about the risk of VOCs, smoke particles, and other particulate matter to human health.

Air purifiers are used in pharmaceutical industries for the containment of chemical compounds formed during the production and development of pharmaceutical drugs. In the food and beverage industry, the purifiers with HEPA filters are responsible for maintaining cleanroom conditions for processing and packaging of food-grade products as well as during the bottling process of various alcoholic and non-alcoholic beverages.

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U.S. Air Purifier Market Segmentation

Grand View Research has segmented the U.S. air purifier market on the basis of technology and product:

U.S. Air Purifier Technology Outlook (Revenue, USD Million, 2016 – 2027)

  • HEPA

  • Activated Carbon

  • Ionic Filters

  • Others

U.S. Air Purifier Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Commercial

  • Household

  • Industrial

List of the Key Players in the U.S. Air Purifier Market

  • IQAir North America, Inc.

  • Honeywell International Inc.

  • LG Electronics

  • Unilever

  • Aerus LLC

  • Panasonic Corporation

  • Hamilton Beach Brands, Inc.

  • Whirlpool Corporation

  • Daikin Industries, Ltd.

  • Rabbit Air

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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