UV Air Purifier Market: A Green Leap Toward Cleaner Living Spaces

The global UV air purifier market was valued at USD 1,777.6 million in 2023 and is expected to reach USD 3,600.3 million by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 10.7% from 2024 to 2030. This market is poised for significant growth, driven by increasing product launches, rising consumer disposable income, and growing awareness of these products.

A key factor contributing to the demand for UV air purifiers in residential, office, and commercial settings is the heightened health consciousness among consumers. The increasing prevalence of chronic respiratory illnesses such as asthma, bronchitis, and chronic obstructive pulmonary disease underscores the critical importance of air quality. As air quality directly impacts lung performance and breathing comfort, the adoption of air purifiers to remove particulate matter is on the rise. Data from the Centers for Disease Control and Prevention (CDC) indicates a growing number of asthma patients in the U.S., attributed to environmental factors, increased pollution, and stressful lifestyles, which is further expected to boost the demand for air purifiers.

Key Market Dynamics & Insights:

  • Portable Mounting Type Dominance: In 2023, the portable mounting type segment led the market due to the high number of portable devices available. The significant demand for portable UV air purifiers is largely influenced by the convenience and ease of mobility they offer.
  • Less than 70W Power Segment Leadership: The less than 70W power segment held the largest revenue share in 2023. Lower-power UV air purifiers are ideal for smaller environments such as homes, apartments, small to medium-sized retail shops, and coffee shops.
  • Offline Distribution Channel Prevails: The offline segment accounted for the largest revenue share in 2023. The strong distribution network for UV air purifiers through traditional brick-and-mortar stores, specialty stores, shopping malls, and home utility stores contributes to the dominance of the offline distribution channel in the global market.
  • Commercial End-Use Sector Leads: The commercial segment dominated the global UV air purifier market, holding a revenue share of 58.3% in 2023. This substantial market share is attributed to the increasing use of UV air purifiers in various commercial spaces, including office buildings, public places, educational institutions, hotels, and restaurants.

Order a free sample PDF of the UV Air Purifier Market Intelligence Study, published by Grand View Research.

Market Size & Forecast

  • 2023 Market Size: USD 1,777.6 Million
  • 2030 Projected Market Size: USD 3,600.3 Million
  • CAGR (2024-2030): 10.7%
  • Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights

The UV air purifier industry is highly competitive and fragmented, encompassing a diverse range of global, regional, and local manufacturers. Key market players are actively pursuing strategic initiatives to boost product revenue. These strategies typically involve a combination of new product launches, mergers and acquisitions, strategic collaborations, and significant investments in research and development to enhance their market position and offerings.

Key Players

  • Honeywell International Inc.
  • Resideo Technologies Inc.
  • HoMedics USA
  • Eureka Forbes Limited
  • Aetaire International
  • Air Oasis LLC
  • Vesync Co., Ltd
  • Guardian Technologies LLC
  • Airpura Industries
  • Midtherm Flue Systems Limited
  • Toshiba Corporation
  • Daikin Industries, Ltd. 

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The global UV air purifier market is experiencing robust growth, driven by increasing health consciousness and the rising prevalence of respiratory illnesses. Key factors contributing to this expansion include consistent product innovation, growing consumer awareness, and strategic initiatives by manufacturers. Portable units, lower-power devices, and commercial applications are currently leading market segments, with offline distribution channels maintaining a strong presence. The competitive landscape is marked by continuous strategic planning and investments from global and regional players.

No comments:

Post a Comment

Advanced Packaging Market: Powering the Future of AI and Machine Learning Chips

The global advanced packaging market was valued at USD 39.60 billion in 2024 and is projected to reach USD 55.00 billion by 2030, exhibitin...