Residential Air Purification Equipment

Residential Air Purification Equipment

Global Residential Air Purification Equipment Market to Reach US$15.9 Billion by 2030

The global market for Residential Air Purification Equipment estimated at US$10.0 Billion in the year 2023, is expected to reach US$15.9 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2023-2030. Stand-Alone Residential Air Purification Equipment, one of the segments analyzed in the report, is expected to record a 7.0% CAGR and reach US$12.6 Billion by the end of the analysis period. Growth in the In-Duct Residential Air Purification Equipment segment is estimated at 6.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.8 Billion While China is Forecast to Grow at 9.2% CAGR

The Residential Air Purification Equipment market in the U.S. is estimated at US$2.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.1% and 5.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Global Residential Air Purification Equipment Market - Key Trends & Drivers Summarized

Residential air purification equipment has become increasingly important in modern homes as concerns over indoor air quality grow. These devices are designed to remove contaminants from the air, including dust, pollen, pet dander, mold spores, and volatile organic compounds (VOCs), providing a healthier living environment. Air purifiers utilize various technologies such as HEPA filters, activated carbon filters, and UV light to effectively cleanse the air. The importance of clean indoor air has been highlighted by studies linking poor air quality to respiratory issues, allergies, and other health problems. As a result, more homeowners are investing in air purification systems to ensure their living spaces are safe and comfortable, especially in urban areas where outdoor pollution can significantly impact indoor air quality.

Technological advancements have played a crucial role in enhancing the effectiveness and accessibility of residential air purification equipment. Modern air purifiers are now equipped with smart features such as air quality sensors, Wi-Fi connectivity, and compatibility with smart home ecosystems, allowing users to monitor and control air quality remotely. Additionally, the development of more efficient and quieter motors has made air purifiers suitable for continuous use in bedrooms and other living areas without causing disturbances. Innovations like electrostatic precipitators and photocatalytic oxidation have further improved the ability of air purifiers to remove a wider range of pollutants, including bacteria and viruses. The design and aesthetics of air purifiers have also evolved, with sleek and compact models that blend seamlessly into home decor, making them more appealing to consumers.

The growth in the residential air purification equipment market is driven by several factors. Increasing awareness of the health impacts of indoor air pollution, exacerbated by events like wildfires and rising pollution levels, has spurred consumer demand. The COVID-19 pandemic has heightened the focus on air hygiene, leading to a surge in sales of air purifiers as people seek to reduce the risk of airborne transmission of viruses. Technological advancements have made air purifiers more efficient, user-friendly, and integrated with smart home systems, appealing to tech-savvy consumers. The rise in respiratory conditions and allergies has also driven demand, as more people look for solutions to alleviate their symptoms. Additionally, government initiatives and regulations aimed at improving air quality standards in residential areas have supported market growth. The increasing disposable incomes in emerging economies have enabled more households to invest in air purification equipment, expanding the market`s reach globally. As these trends continue, the residential air purification equipment market is expected to see sustained growth, driven by ongoing technological innovations and a heightened awareness of the importance of clean indoor air.

Select Competitors (Total 125 Featured) -

• Fujitsu Ltd.
• 3M Company
• Daikin Industries Ltd.
• AB Electrolux
• Eureka Forbes Ltd.
• Carrier Corporation
• Dyson Ltd.
• Alen Corporation
• Continental Fan Manufacturing, Inc.
• De`Longhi Group
• Fujitsu General Ltd.
• Air Quality Engineering
• Aprilaire
• Fellowes Brands
• Goodman Manufacturing Company, L.P.

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