Asia Pacific Air Purification Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis – by Product Type (Activated Carbon Filtration, HEPA, Ionizer Purifiers, UVGI, and Others) and Application (Commercial, Residential, and Industrial)


No. of Pages: 141    |    Report Code: BMIRE00027204    |    Category: Manufacturing and Construction

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Asia Pacific Air Purification Market
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The air purification market in Asia Pacific is expected to grow from US$ 10,200.00 million in 2022 to US$ 31,221.83 million by 2028. It is estimated to grow at a CAGR of 20.5% from 2022 to 2028.

Increasing Urbanization and Industrialization Propelling Market Growth

The increase in urbanization would necessarily augment the need for air filter products in residential and commercial applications at a large scale, which would help drive the market. Countries in developing economies are most predominantly experiencing the rise in urbanization at a faster pace. The rise in population is also aiding the people in urbanizing, helping the market grow. The growing income and spending capacity of people in developing economies and increasing demand in various end-use sectors, such as automotive, healthcare & medical, building & construction, manufacturing, and energy & utilities, are the major factors driving the growth of the air purification market. The rise in urbanization includes the expansion of schools, colleges, hospitals, commercial complexes, residential houses, and other factors, wherein the need for clean air emerges, which helps drive the market. The increase in urbanization led to enormous indoor and outdoor air pollution, further accelerating the demand for air purifiers. Growth prospects in industrial activities are primarily attributed to the improving economic conditions of developing countries, formulation of new business practices, and supportive government policies, which encourage new investment in businesses and technologies. The rise in industrial operations would increase emissions in the environment and the working environment. Thus, strict regulations pertaining to industrial emissions and concern about occupational health and safety of the workers have led the industrial and commercial sectors to prioritize the need for air purification products at the operating and manufacturing facilities. According to trading economics data, industrial production in India increased by 12.3% year-on-year in June of 2022, following a 19.6% jump from the previous month. Industrial output increased in all sectors: Manufacturing from 12.5% in June 2021 to 20.6% in 2022 and mining from 7.5% to 10.9%. Thus, such growth prospects in the industrial sector are fueling the need for air purification for the health and safety of workers. Urbanization and industrialization lead to the increased usage of fossil fuels for running various types of automobiles and industries in developing countries. Rapid automobile usage in major cities causes air pollution and directly impacts public health, creating an alarming situation for using air purifiers in industries on a large scale. Accelerated urbanization, growth in infrastructural activities, and increasing industrialization have increased the rate of air pollution in the environment, which has increased the need for air purification systems Asia Pacific.

Market Overview

China, India, South Korea, Japan, and Australia are among the key economies in Asia Pacific. Asia Pacific dominated the market in 2021. This is driven by multiple factors, including rapid urbanization, industrialization, and a growing population with high disposable income. Moreover, rising smog and air pollution, especially in countries such as India and China, are expected to increase the adoption of air purification, which will complement the growth of the regional market. Rising urbanization, political action, and increased industrialization are some of the factors that have impacted the ecological balance in South Korea and worsened air quality. Increasing awareness of health hazards and illnesses caused by exposure to harmful particles at work and home is expected to impact the country's market growth positively. China is expected to dominate the Asia-Pacific air purification market during the forecast period.

Asia Pacific Air Purification Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Air Purification Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Air Purification Strategic Insights

Strategic insights for the Asia Pacific Air Purification provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia Pacific Air Purification Report Scope

Report Attribute Details
Market size in 2022 US$ 10,200.00 Million
Market Size by 2028 US$ 31,221.83 Million
Global CAGR (2022 - 2028) 20.5%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Product Type
  • Activated Carbon Filtration
  • HEPA
  • Ionizer Purifiers
  • UVGI
By Application
  • Commercial
  • Residential
  • Industrial
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Whirlpool Corporation
  • Camfil
  • DAIKIN INDUSTRIES, Ltd.
  • Honeywell International Inc.
  • Koninklijke Philips N. V
  • LG Electronics
  • Panasonic Corporation
  • Unilever PLC
  • IQAir
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    Asia Pacific Air Purification Regional Insights

    The geographic scope of the Asia Pacific Air Purification refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Asia Pacific Air Purification Market Segmentation 

     The Asia Pacific air purification market is segmented into product, application, and country. Based on product, the market is segmented into activated carbon filtration, HEPA, ionizer purifiers, UVGI, and others. The HEPA segment held the largest market share in 2022.

    • Based on application, the market is segmented into commercial, residential, and industrial. The commercial segment held the largest market share in 2022. 
    • Based on country, the market is segmented into China, Japan, India, Australia, South Korea, and Rest of Asia Pacific. The China dominated the market share in 2022.

    Whirlpool Corporation; Camfil; DAIKIN INDUSTRIES, Ltd.; Honeywell International Inc.; Koninklijke Philips N. V; LG Electronics; Panasonic Corporation; Unilever PLC; and IQAir are the leading companies operating in the air purification market in the region.   

    The List of Companies - Asia Pacific Air Purification Market

    1. Whirlpool Corporation
    2. Camfil
    3. DAIKIN INDUSTRIES, Ltd.
    4. Honeywell International Inc.
    5. Koninklijke Philips N. V
    6. LG Electronics
    7. Panasonic Corporation
    8. Unilever PLC
    9. IQAir

     

    Frequently Asked Questions
    How big is the Asia Pacific Air Purification Market?

    The Asia Pacific Air Purification Market is valued at US$ 10,200.00 Million in 2022, it is projected to reach US$ 31,221.83 Million by 2028.

    What is the CAGR for Asia Pacific Air Purification Market by (2022 - 2028)?

    As per our report Asia Pacific Air Purification Market, the market size is valued at US$ 10,200.00 Million in 2022, projecting it to reach US$ 31,221.83 Million by 2028. This translates to a CAGR of approximately 20.5% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Air Purification Market report typically cover these key segments-

    • Product Type (Activated Carbon Filtration, HEPA, Ionizer Purifiers, UVGI)
    • Application (Commercial, Residential, Industrial)

    What is the historic period, base year, and forecast period taken for Asia Pacific Air Purification Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Air Purification Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in Asia Pacific Air Purification Market?

    The Asia Pacific Air Purification Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Whirlpool Corporation
  • Camfil
  • DAIKIN INDUSTRIES, Ltd.
  • Honeywell International Inc.
  • Koninklijke Philips N. V
  • LG Electronics
  • Panasonic Corporation
  • Unilever PLC
  • IQAir
  • Who should buy this report?

    The Asia Pacific Air Purification Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Air Purification Market value chain can benefit from the information contained in a comprehensive market report.