Portable Air Purifier Market: Current Analysis and Forecast (2021-2027)
$3999 – $6999
Emphasis on Type (Dust Collectors, Fume & Smoke Collectors, Others); Technique (High-Efficiency Particulate Air, Activated Carbon, Electrostatic Precipitator, and Others); Application (Residential, Commercial, and Industrial); Distribution Channel (Supermarkets & Hypermarkets, Online Stores, Convenience Stores, Others) and Region/Country
The global portable air purifier market is expected to register a CAGR of around ~10% over the period of 2021-2027. The portable air purifier is an effective strategy to improve indoor air quality (IAQ) in homes, offices, restaurants, or other enclosed spaces. According to the EPA, there are two basic types of technology that portable air cleaners use to remove particulate matter from the air. Some portable air cleaners use fibrous media air filters to capture particles and some portable air cleaners use electricity to make particles in the air adhere to plates or other surfaces. Also, some portable air purifiers offer ultraviolet germicidal irradiation (UVGI), a technology that uses ultraviolet (UV) light to damage microorganisms such as bacteria and viruses, making them non-infectious. One of the biggest perks of portable air purifiers is their simplicity in setup, daily usage, and maintenance. One can easily plug and play air purifiers and place them in spaces needing protection. Therefore, these factors are fueling the market for portable air purifiers. In 2020, Camfil launched the CamCleaner CC500 which functions as both a portable air purifier or ducted negative air system for creating isolation areas.
Honeywell International Inc., IQAir, Koninklijke Philips N.V., Unilever PLC., Samsung Electronics Co., Ltd., LG Electronics Inc., Panasonic Corporation, Whirlpool Corporation, Daikin Industries Ltd., Carrier Global Corporation. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst techniques, high-efficiency particulate air (HEPA) category accounted for the significant share in the market in 2020”
Based on technique, the market is divided into high-efficiency particulate air (HEPA), activated carbon, electrostatic precipitators, and others. Currently, HEPA technology-based filters are widely used in portable air purifiers and are likely to grow at an influential rate during the forecast period. This is mainly due to their extreme effectiveness in trapping airborne particles, including pollen, dirt, smoke, and bio-contaminants. The high quality and reliability of HEPA filters to remove airborne particles are likely to boost product penetration in the global market.
“Amongst applications, residential is expected to witness significant CAGR during the forecast period”
Based on application, the market is segmented into the residential, commercial, and industrial sectors. The residential sector held a significant market share in 2020, owing to strict and supporting government policies to promote a green economy and increasing urbanization. According to the United States Environmental Protection Agency (EPA), indoor air can be five times as polluted as outdoor air. Over 3.8 million people a year die prematurely from illness attributable to the household air pollution caused by the inefficient use of solid fuels and kerosene for cooking.
“Amongst distribution channels, supermarkets & hypermarkets are expected to witness significant CAGR during the forecast period”
Based on distribution channels, the market is segmented into supermarkets & hypermarkets, online stores, convenience stores, and others. The supermarkets & hypermarkets segment dominated the market and is expected to maintain its dominance throughout the forecast period. This is attributed to the availability of a broad range of consumer goods under a single roof, ample parking space, and convenient operation timings.
“Asia-Pacific to witness significant growth during the forecast period”
The portable air purifier market in the Asia Pacific is expected to grow on account of increasing air pollution in the densely populated Asia-Pacific region. Air pollution has become a major challenge with poisonous effects on the environment, public health, and agricultural crop yields. However, these issues are creating multiple opportunities for the portable air purifier market. As per UN Environment program, 70% of air pollution-related death occur in the Asia Pacific. Air pollution is the most pressing environmental health crisis in the world. It is responsible for more than 6.5 million deaths annually. The region is home to the most polluted cities in the world due to increasing industrialization. In 2019, the total carbon dioxide emission in the Asia Pacific was about 17,269.5 million tons (MT), which was higher than the region released in 2018, 16,863.3 MT. The increase in carbon dioxide emission in the region reflects the fact that the region is dependent on the usage of coal, crude oil, and natural for various purposes which when burnt releases carbon dioxide and other harmful gases into the atmosphere.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|1.1. Market Definitions|
|1.4. Currency used in Report|
|2.1. Research Process of the Portable Air Purifier Market|
|2.2. Research Methodology of the Portable Air Purifier Market|
|2.3. Forecasting Method|
|2.4. Respondent Profile|
|2.5. Main Objective of the Portable Air Purifier Market Study|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5. GLOBAL PORTABLE AIR PURIFIER MARKET COVID-19 IMPACT|
|6. GLOBAL PORTABLE AIR PURIFIER MARKET REVENUE (USD BN), 2019-2027F|
|7.1. Dust Collectors|
|7.2. Fume & Smoke Collectors|
|8.1. High-Efficiency Particulate Air Filter (HEPA)|
|8.2. Activated Carbon Filtration|
|8.3. Electrostatic Precipitator|
|10.1. Supermarkets & Hypermarkets|
|10.2. Online Stores|
|10.3. Convenience Stores|
|11.1. North America|
|11.1.1. The U.S.|
|11.1.3. Rest of North America|
|11.2.6. Rest of Europe|
|11.3.5. Rest of Asia-Pacific|
|11.4. Rest of World|
|12.1. Market Drivers|
|12.2. Market Challenges|
|12.3. Impact Analysis|
|13. PORTABLE AIR PURIFIER MARKET OPPORTUNITIES|
|14. PORTABLE AIR PURIFIER MARKET TRENDS|
|15. POLICY & REGULATORY FRAMEWORK|
|16.1. Demand Side Analysis|
|16.2. Supply Side Analysis|
|17. VALUE CHAIN ANALYSIS|
|18.1. Competitive Landscape|
|18.1.1. Porter’s Five Forces Analysis|
|19.1. Honeywell International Inc.|
|19.3. Koninklijke Philips N.V.|
|19.4. Unilever plc|
|19.5. Samsung Electronics Co. Ltd.|
|19.6. LG Electronics Inc.|
|19.7. Panasonic Holdings Corporation|
|19.8. Whirlpool Corporation|
|19.9. Daikin Industries Ltd.|
|19.10. Carrier Global Corporation|
Research Methodology for the Global Portable Air Purifier Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global portable air purifier market was the three major steps undertaken to create and analyze the adoption of portable air purifier in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global portable air purifier market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the portable air purifier market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the portable air purifier market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, technique, application, distribution channel, and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the portable air purifier market. Further, we conducted factor analysis using dependent and independent variables such as the rise in demand for air care and the increase in concerns over indoor air quality. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the portable air purifier market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global portable air purifier market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast for 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the portable air purifier market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global portable air purifier market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global portable air purifier market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, technique, application, distribution channel, and region in the global portable air purifier market.
The main objective of the global portable air purifier Market Study
The current & future market trends of the global portable air purifier market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the portable air purifier market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, technique, application, distribution channel, and region.
- Define and analysis of the regulatory framework for the portable air purifier market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the portable air purifier market for the major region.
- Major countries of regions studied in the report include North America, Europe, Asia Pacific, and the Rest of the world.
- Company profiles of the portable air purifier market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry