Global Air Purifier Market Slated to Amass a CAGR of 10.6% During the

On Jan 18, 2022

Delhi, NCR, Jan. 18, 2022 (GLOBE NEWSWIRE) — The global air purifier market is growing at a high CAGR because of the deteriorating air quality and increasing prevalence of airborne diseases around the world. Moreover, the launch of a wide range of feature-rich air purifiers by various air purifier brands at competitive prices is also driving the growth of the market.

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting revealed that the global air purifier market was worth USD 10.7 billion in 2020. The market is estimated to grow at a CAGR of 10.6%, earning revenue of around USD 21.6 billion by the end of 2027. The global air purifier market is gaining significant traction because of the deteriorating air quality and increasing prevalence of airborne diseases across the globe. According to a 2016 report by the International Energy Agency (IEA), air pollution leads to about 6.5 million deaths each year, making it the world’s fourth-largest threat to human health.

Emerging economies experience the highest levels of air pollution, particularly countries such as India and China, where growth in energy demand has been accompanied by rising pollution levels. These are the factors driving the growth of the global air purifier market. The market is also driven by advanced air purification technologies, such as HEPA air purifiers, activated carbon air purifiers, ionic air purifiers, and photocatalytic air purifiers. Moreover, the launch of a wide range of air purifiers by various air purifier brands at competitive prices is anticipated to propel the market during the forecast period.

Deteriorating Air Quality Levels Expected to Drive the Growth of the Global Air Purifier Market

A key factor driving the global air purifier market is the increasing level of air pollution caused by rapid industrialization and urbanization. The air quality is rapidly declining around the globe and it is also creating myriad health issues for people. Air pollution can cause serious health effects, including asthma, cardiovascular risks, chronic headaches, and eye irritation. What’s more, the World Health Organization (WHO) estimates that air pollution causes 2.4 million deaths every year. The UNICEF also states that around 50% of childhood pneumonia deaths are associated with air pollution.

There is an increase in air pollution in Africa, further aggravating the problem. According to THE LANCET, around 1.1 million people were killed by air pollution in Africa in 2019. Moreover, according to Greenpeace Africa, the deadliest air pollution spot on earth is in South Africa. The WHO states that Nigeria has the worst air quality in the entire African continent, and Onitsha, one of Nigeria’s economic hubs, has 30 times more particulate matter (PM2.5) in the air than the WHO’s recommended levels. Industrialization and the ever-increasing number of vehicles on the road have put a strain on air pollution, creating a…