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In recent times due to degrading air quality and increasing concerns towards health issues have caused a hike in demand for the air purification system across the world. The major factors leading to this rise in demand are increase in urbanisation, rise in respiratory diseases and awareness to control air pollution. However, the air purifier device is termed as a luxury device and the high installation and maintenance cost is restraining its growth.
Stringent environmental laws taken up by the various countries will boost the air purifier market as it plays a crucial role in achieving a cleaner environment.
During the present lockdown condition there is demand for the purifiers as the public spend most of the time inside and it has led to urge for fresh air source by means of air purifier.
Based on the technology HEPA occupies the largest market share globally. HEPA purifiers hold the highest efficiency and trap pollutants up to 0.3 microns. These purifiers find highest penetration in home application and their low maintenance cost has made the HEPA purifiers the leading technology in the purification system.
The activated carbon filters have a larger surface area capacity compared to HEPA; hence the high trapping capacity helps them to effective. They are used whenever HEPA fails to perform.
Electrostatic precipitator technology is expected to gain its share in the future. These purifiers hold distinct advantage over others as they can handle large volume of gas and heavy dust loads. They also handle corrosive materials. They are majorly found in the public places.
The purifier market based on application is dominated by the commercial sector. It almost holds close to 70% share in the global market. Commercial places like work place, malls, educational institutions and hospitals.
Residential application is expected to grow faster as there is high awareness raised over indoor air quality. Asia region is expected to be the lead the market the residential purifier market. The lockdown due to the pandemic has caused a never seen surge in home purifier market.
The chart below shows the market share based on application:
Strict regulations from the government will help increase the purifier market in the US region. Increasing lung related diseases has been one of the factors driving the air purifier market. US region has been the leading market in the home purifier segment. Smart air purifiers specially for homes is getting popular in this region.
In Europe the emission due to vehicles is major factor driving the air purifier market. Major air filter manufacturers are based in Europe improving the region market. Germany, France and UK are major revenue generating market in Europe region. The commercial application of air purifiers is expected to grow exponentially in the foreseeable future.
China is the largest emitter of greenhouse gases. Growing urbanization and industrialization has affected the air quality in China. This has led to serious requirement of air purifier in public places and at homes as well.
The need for increased for purifiers in public places after poor air quality in major cities such as New Delhi, Bangalore, Lucknow and Kanpur. Air purifier has seen a hike of almost 60% during the winter season due to air pollution. Commercial application has slowly witnessed a increase in market share.
The increase in IC automobiles around the world will increase the emission of CO, CO2, NOX and HC. This will increase the purifier market considerably.
The growing demand for air purifiers has resulted in rise of smart air purifiers equipped with features such as control through smartphones, hassle free maintenance. This development in technology will boost the market in future.
Some of the technologies like ionic air purifiers generate by-products such as ozone. Ozone is termed as greenhouse gas and is very harmful for human health. This will hamper the growth of air purifiers.
The prominent players of the air purifier market are Philips N.V (Netherlands), Honeywell International (US), Sharp Electronics (Japan), Blueair (Sweden), Coway Co (South Korea), IQAir AG (Switzerland) and Camfil AB (Sweden).