The air purification market is expected to grow from US$ 23,809.52 million in 2021 to US$ 73437.36 million by 2028. It is estimated to grow at a CAGR of 17.7% from 2021 to 2028.
The increase in airborne diseases owing to the rise in air pollution is a key factor attributed to the market’s growth. Furthermore, growing awareness among the consumer about using air purifiers, a rise in disposable income, and an improved standard of living are the prominent factors boosting the market growth. The growing trend toward adopting portable and smart air purifiers is further propelling the market dynamics over the forecast period. The supportive government initiatives pertaining to emission standards, enforcement of workforce health and safety regulations, and amendment of existing air purity policies further strengthen the market dynamics for the air purification market.
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Top Key Major Players:-
- Whirlpool Corporation
- Camfil
- DAIKIN INDUSTRIES, Ltd.
- Honeywell International Inc.
- Koninklijke Philips N.V.
- LG Electronics
- Panasonic Corporation
- Unilever PLC
- ActivePure Technologies, LLC.
- IQAir