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The global air purifier market size was estimated at USD 15.83 billion in 2023 and is anticipated to grow at a compounded annual growth rate (CAGR) of 7.4% from 2024 to 2030. It is anticipated that rising airborne infections and rising urban pollution levels will fuel market growth. For instance, about 14% of the EU-28 population living in urban areas was exposed to ozone concentration above the threshold set by the European Union. Furthermore, 15% of the EU-28 urban population was exposed to Benzo pyrene and over 4% of the population was exposed to high concentrations of Nitrogen Dioxide, according to the EEA’s report on Air Quality in Europe published in 2020. Additionally, increased disposable income and rising standards of living, along with growing health consciousness, are anticipated to fuel market expansion.
Over the course of the forecast period, it is expected that the increased prevalence of airborne diseases and rising levels of air pollution in the U.S. will have a favorable impact on the market. Furthermore, according to the State of the Air 2022 assessment, after decades of progress in cleaning up air pollution sources, more than 40% of Americans over 137 million people live in areas with failing grades for harmful levels of particle pollution or ozone. This equates to 2.1 million more individuals breathing polluted air than the previous year. This factor is expected to increase public consciousness regarding low quality of air and increase demand for air purifiers. Advent of technological innovation has helped smart air purifier market to penetrate further in the industry.
Furthermore, given that HEPA technology is the most effective at capturing dangerous airborne particles, it is predicted to dominate the U.S. market over the coming years. For instance, the U.S. Department of Energy has established standards for quality assurance and specifications related to HEPA filters. Similarly, the Association of Home Appliance Manufacturers (AHAM) has established the Clean Air Delivery Rate (CADR), which is a standard and used to measure the effectiveness of air purifiers, thereby enabling consumers to compare the performance of air purifiers in eliminating dust, pollen, and tobacco smoke.
On the other hand, the introduction of strict rules and standards for indoor air quality by numerous governments, which are focusing on controlling air pollution, are anticipated to boost the industry over the forecast period. Additionally, a number of air pollution reduction initiatives launched by governments and NGOs around the world are anticipated to fuel market expansion during the forecast period. For instance, the "Guide to Air Cleaners in the Home" by the U.S. Environmental Protection Agency (EPA) offers advice on how to choose furnace filter, or HVAC filter, portable air cleaner, as well as other details on air cleaners. The World Health Organization (WHO) has also released some recommendations on the quality of indoor air.
In the upcoming years, the market is anticipated to develop due to a number of factors, including shifting lifestyle preferences, declining indoor air quality, rising health concerns, and growing consumer knowledge of the advantages of air purifiers. However, it is anticipated that the high cost of air purifier adoption and maintenance may restrict their use.
The air purifier market has witnessed a notable shift in end-user concentration, with a growing emphasis on residential consumers. As awareness regarding indoor air quality rises, individuals are increasingly investing in air purifiers for their homes. This trend is fueled by health consciousness and the desire for cleaner living spaces. While commercial and industrial segments still contribute significantly, the surge in residential adoption signifies a prominent shift in end-user preferences within the air purifier industry. Manufacturers are adapting to meet this demand, focusing on designing compact, efficient models tailored for home use.
In the market for air purifiers, the focus on product substitutes has intensified, with companies strategically acquiring or developing alternative solutions to traditional purifiers. This concentration is driven by a growing awareness of diverse air quality concerns and the demand for specialized substitutes such as advanced filtration systems, natural air purifying methods, and smart home technologies. The industry's emphasis on these substitutes reflects a nuanced approach to addressing specific consumer needs, fostering innovation, and ultimately shaping a more versatile and responsive market for air purification solutions.
The market for air purifiers is navigating a landscape characterized by increased regulatory attention, with governments globally implementing stringent standards and guidelines. These regulations focus on ensuring product safety, performance efficacy, and environmental impact. As the demand for air purifiers rises, compliance with air quality standards becomes paramount, influencing product development and market strategies. Industry players are proactively adapting to these regulatory frameworks, emphasizing the importance of adherence to standards in promoting consumer confidence, fostering innovation, and shaping a responsible and sustainable air purification market.
HEPA segment led the market and accounted for over 40% of the global revenue share in 2023. Smoke, dust, smoke, bio-contaminants, and pollen are examples of airborne particles that HEPA filters are very effective at capturing. The worldwide air purifier industry is projected to see increased product penetration due to the high caliber and dependability of HEPA filters to remove airborne particles.
Filters that contain activated carbon or charcoal are made of tiny bits of carbon that have been specifically treated with oxygen to open the pores of the carbon atoms. As a result, the carbon becomes more porous and has a larger surface area, which improves its capacity to capture airborne particles. With the help of these filters, gases and odors from cooking, mold, chemicals, pets, and smoke can be absorbed. For instance, in January 2021, Energy Efficiency Services Ltd (EESL), a joint venture between Power Finance Corporation Ltd., NTPC Ltd., Power Grid Corporation of India Ltd., and REC Limited, developed an air purification system that filters out pathogens including the novel coronavirus from indoor spaces. Moreover, the company has also applied for a certification for this air purification system from the Council of Scientific and Industrial Research (CSIR)
The ionic filters segment is likely to grow at a CAGR of 6.1% over the forecast period. Since ionic filters do not need to be changed frequently, their market share is growing. However, the production of ionized air and ozone during the purification process is to blame for the development of respiratory conditions like asthma, which is likely to restrict the use of the technology.
UV radiation, Ozone generation, electrostatic precipitators, non-thermal plasma, and photocatalytic oxidation, are further air purification techniques. Hazardous gases and tiny particles as small as 0.1 micrometer can be converted into safe chemicals using photocatalytic oxidation. This method eliminates microorganisms, chemically active chemicals, and volatile organic compounds (VOCs) (CACs).
Commercial segment led the market and accounted for over 57% of the global revenue share in 2023. Schools, malls, conference centers workplaces, hospitals, hotels, theatres, among the business locations where air purifiers are used are recreation centers and other amusement areas. Restaurants and hotels use air purifiers with activated carbon and HEPA to eliminate airborne, odor, and smoke particles from the air, improving the quality of the air in the spaces.
In order to maintain indoor air quality for both staff and patients working in these facilities, odor airborne pathogens, and allergens are removed and in dental and medical offices, veterinary clinics, animal kennels, clinics, and hospitals, boarding kennels, contaminants are removed from the air using air purifiers. Due to air purifiers' ability to reduce the spread of infectious diseases, there has been an upsurge in demand for them in various healthcare facilities around the globe since COVID-19 pandemic.
The industrial application segment is likely to grow at a CAGR of 5.3% over the forecast period. Air purifiers are used in several industries, including printing, petrochemical, and power plants, food & beverage, chemical, manufacturing. Air purifiers help eliminate construction dust, asbestos, weld smoke, and other particles that are harmful to employees and have an adverse impact on the environment if untreated.
Air purifiers are used to remove contaminants from the air inside of homes. The use of air purifiers in home settings has increased as people are becoming more aware of the dangers that VOCs, smoking particles, and other particulate matter pose to human health. Additionally, individuals had stayed at home as a result of the containment measures to stop the spread of COVID-19 during pandemic years which propelled the overall residential air purifier market.
Asia Pacific dominated the market and accounted for 43% share of global revenue in 2023, due to a number of variables, including a larger population with more disposable income, rapid urbanization and industrialization. For instance, According to the Clean Air Coalition report published in 2019, over 35% of the global premature deaths from air pollution occurred in East Asia, followed by South Asia. The lack of enforcement and regulations for industrial emissions, domestic heating, and oil-based road transportations is a common contributor to airborne particulates. Increasing smog and air pollution incidences, particularly in countries like China and India, are also anticipated to increase the use of air purifiers and promote regional market growth.
Political decisions, escalating industry, and rising urbanization are a few of the elements that have harmed South Korea's ecological balance and reduced air quality. The country's air purifier market is anticipated to benefit from growing public awareness of the ailments and health concerns brought on by exposure to hazardous particles at work or home.
The North American air purifier market is anticipated to grow at a CAGR of 6.5% over the forecast period. Air quality legislation such as the US EPA's (United States Environmental Protection Agency) establishment of national ambient air quality standards, the US Clean Air Act, and Environment Canada's comprehensive emission reduction programs are projected to create new opportunities for air purifier manufacturers.
The creation and execution of regulatory measures, the organization of air quality management programs to raise public awareness, and the expanding installation of extensive ambient air quality monitoring systems are all likely to drive up the demand for air purifiers in Mexico over the upcoming years.
The global air purifier market is highly competitive due to the presence of both multinational and regional or local manufacturers. Companies in the market offer a wide range of air purifiers sold through various channels, including e-commerce websites, company-operated websites, retailers and their websites, and distributors. For instance, in December 2021, Secure Connection, a Hong Kong-based electronic products manufacturer, announced a new line of Honeywell Branded Air Purifiers. The new air purifier line is segmented into three categories: Value Series, Platinum Series, and Ultimate Series, with features such as UV LED, Ionizer, and Humidifier. They will be offered in a variety of South Asian and Middle Eastern nations through all major shops and online ecommerce platforms.
Market participants compete based on several parameters, such as product performance, quality, technical competence, price, and corporate reputation. New product launches, licensing agreements, distribution network expansion, technological investments, and mergers & acquisitions are some of the key strategies adopted by the companies to strengthen their market position and gain a higher market share. For instance, in December 2020, Rentokil Initial plc launched its VIRUSKILLER air purifier, which is proven to kill 99.99% of viruses with a single air pass, including coronavirus. The VIRUSKILLER technology utilizes patented UV reactor chambers and series of filters to kill 99.99% of viruses with a single air pass. This product is available in different sizes to suit various sectors including education, healthcare, offices, and hospitality and leisure venues
In August 2022, IQAir launched smart slim bionic air purifier Atem X. This air purifier, Atem X was developed to combine four seemingly incompatible characteristics: powerful air purification, quiet operation, low energy consumption and a slim, beautiful design.
In June 2023, Automated Logic Corporation, a part of Carrier, announced that it had signed an agreement for the acquisition of Standard Plumbing Heating Controls (SPHC), a Washington-based independent Automated Logic Dealer. SPHC provides HVAC and building automation services for various establishments, including colleges, schools, commercial buildings, universities, and healthcare facilities.
In November 2022, Carrier released a new version of its Hourly Analysis Program (HAP) peak load and energy modeling software to address the needs of HVAC design engineers. This version has helped in drastically cutting down the time required for building model creation from a few days to a couple of hours. It leverages the U.S. DOE’s EnergyPlus calculation engine to bring advanced system simulation capabilities, and the ASHRAE Heat Balance load calculation method for more accurate representation of building physics
Report Attribute |
Details |
Market size value in 2023 |
USD 15.83 billion |
Revenue forecast in 2030 |
USD 26.07 billion |
Growth Rate |
CAGR of 7.4% from 2024 to 2030 |
Actual data |
2018 - 2023 |
Forecast period |
2024 - 2030 |
Quantitative units |
Revenue in USD million and CAGR from 2024 to 2030 |
Report coverage |
Revenue forecast, company market position analysis, competitive landscape, growth factors, and trends |
Segments covered |
Technology, application, coverage range, sales channel, type, region |
Regional scope |
North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
Country Scope |
U.S., Canada, Mexico, Germany, France, UK, Germany, China, Japan, South Korea, Singapore, Malaysia, Brazil, Saudi Arabia |
Key companies profiled |
IQAir, Honeywell International, Inc., LG Electronics, Inc., Unilever PLC, Koninklijke Philips N.V.,Panasonic Corporation, Hamilton Beach Brands, Inc., Whirlpool Corporation, Carrier, Camfil, Sharp Electronics Corporation, COWAY Co., Ltd., Samsung Electronics Co., Ltd., Dyson, Molekule |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global air purifier market report on the basis of technology, application, coverage range, sales channel, type, and region:
Technology Outlook (Revenue, USD Million, 2018 - 2030)
High Efficiency Particulate Air (HEPA)
Activated Carbon
Ionic Filters
Electrostatic Precipitator
Others
Application Outlook (Revenue, USD Million, 2018 - 2030)
Commercial
Retail Shops
Offices
Healthcare Facilities
Hospitality
Schools & Educational Institutions
Laboratories
Transport
Others
Residential
Industrial
Coverage Range Outlook (Revenue, USD Million, 2018 - 2030)
Below 250 Sq. Ft.
250-400 Sq. Ft.
401-700 Sq. Ft.
Above 700 Sq. Ft.
Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)
Online
Offline
Hypermarkets/Supermarkets
Retail Stores
Specialty Stores
Others
Type Outlook (Revenue, USD Million, 2018 - 2030)
Standalone/Portable
In-duct/Fixed
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Asia Pacific
China
Japan
South Korea
Singapore
Malaysia
Central & South America
Brazil
Middle East & Africa
Saudi Arabia
b. The global air purifier market size was estimated at USD 13.97 billion in 2022 and is expected to reach USD 15.83 billion in 2023
b. The air purifier market, in terms of revenue, is expected to grow at a compound annual growth rate of 7.3% from 2023 to 2030 to reach USD 25.97 billion by 2030
b. Asia Pacific dominated the air purifier market with a revenue share of 42.6% in 2022, on account of several factors including rising pollution levels coupled with rapid urbanization and industrialization especially in China and India is expected to drive the market growth over the forecast period.
b. Some of the key players operating in the air purifier market include IQAir, Honeywell International, Inc., LG Electronics, Inc., Unilever PLC, Koninklijke Philips N.V., Dyson, Sharp Electronics Corporation, Samsung Electronics Co., Ltd., Panasonic Corporation, Hamilton Beach Brands, Inc., Whirlpool Corporation, and Carrier among others
b. The key factors that are driving the air purifier market include increasing health problems associated with air pollution coupled with the improving standard of living, rising household spending, and the outbreak of the COVID-19 pandemic globally.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope and Assumptions
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Air Purifier Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Global Air Pollution Control Systems Market
3.2. Market Segmentation & Scope
3.3. Penetration & Growth Prospect Mapping
3.4. Industry Value Chain Analysis
3.4.1. Raw Material Outlook
3.4.2. Manufacturing & Technology Trends
3.5. Regulatory Framework
3.6. Air Purifier Market - Market dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Market Opportunity Analysis
3.7. Industry Analysis Tools: Air Purifier Market
3.7.1. Porter’s Analysis
3.7.2. Macroeconomic Analysis
3.7.3. Economic Mega Trends Analysis
3.8. Consumer Behavior Analysis
Chapter 4. Air Purifier Market: Technology Estimates & Trend Analysis
4.1. Air Purifier Market: Technology Outlook
4.2. Air Purifier Market: Technology Movement Analysis, 2023 & 2030
4.3. HEPA (High Efficiency Particulate Air)
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4. Activated Carbon
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.5. Ionic Filters
4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.6. Electrostatic Precipitator
4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.7. Others
4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Air Purifier Market: Application Estimates & Trend Analysis
5.1. Air Purifier Market: Application Outlook
5.2. Air Purifier Market: Application Movement Analysis, 2023 & 2030
5.3. Commercial
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.2. Retail Shops
5.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.3. Offices
5.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.4. Healthcare Facilities
5.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.5. Hospitality
5.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.6. Schools & Educational Institutions
5.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.7. Laboratories
5.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.8. Transport
5.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.9. Other
5.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4. Residential
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.5. Industrial
5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Air Purifier Market: Coverage Range Estimates & Trend Analysis
6.1. Air Purifier Market: Coverage Range Outlook
6.2. Air Purifier Market: Coverage Range Movement Analysis, 2023 & 2030
6.3. Below 250 Sq. Ft.
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4. 250-400 Sq. Ft.
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5. 401-700 Sq. Ft.
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.6. Above 700 Sq. Ft.
6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Air Purifier Market: Sales Channel Estimates & Trend Analysis
7.1. Air Purifier Market: Sales Channel Outlook
7.2. Air Purifier Market: Sales Channel Movement Analysis, 2023 & 2030
7.3. Online
7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4. Offline
7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
7.4.2. Hypermarkets/Supermarkets
7.4.2.1. Markets estimates and forecasts, 2018 - 2030 (USD Million)
7.4.3. Retail Stores
7.4.3.1. Markets estimates and forecasts, 2018 - 2030 (USD Million)
7.4.4. Specialty Stores
7.4.4.1. Markets estimates and forecasts, 2018 - 2030 (USD Million)
7.4.5. Other
7.4.5.1. Markets estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. Air Purifier Market: Type Estimates & Trend Analysis
8.1. Air Purifier Market: Type Outlook
8.2. Air Purifier Market: Type Movement Analysis, 2023 & 2030
8.3. Standalone/Portable
8.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
8.4. In-duct/Fixed
8.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9. Air Purifier Market: Regional Estimates & Trend Analysis
9.1. Regional Movement Analysis & Market Share, 2023 & 2030
9.2. North America
9.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.2.2. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.2.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.2.4. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.2.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.2.6. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.2.7. U.S.
9.2.7.1. U.S. Macroeconomic Outlook
9.2.7.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.2.7.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.2.7.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.2.7.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.2.7.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.2.7.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.2.8. Canada
9.2.8.1. Canada Macroeconomic Outlook
9.2.8.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.2.8.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.2.8.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.2.8.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.2.8.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.2.8.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.2.9. Mexico
9.2.9.1. Mexico Macroeconomic Outlook
9.2.9.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.2.9.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.2.9.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.2.9.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.2.9.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.2.9.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.3. Europe
9.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.3.2. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.3.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.3.4. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.3.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.3.6. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.3.7. Germany
9.3.7.1. Germany Macroeconomic Outlook
9.3.7.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.3.7.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.3.7.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.3.7.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.3.7.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.3.7.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.3.8. France
9.3.8.1. France Macroeconomic Outlook
9.3.8.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.3.8.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.3.8.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.3.8.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.3.8.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.3.8.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.3.9. UK
9.3.9.1. UK Macroeconomic Outlook
9.3.9.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.3.9.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.3.9.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.3.9.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.3.9.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.3.9.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.4. Asia Pacific
9.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.4.2. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.4.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.4.4. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.4.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.4.6. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.4.7. China
9.4.7.1. China Macroeconomic Outlook
9.4.7.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.4.7.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.4.7.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.4.7.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.4.7.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.4.7.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.4.8. Japan
9.4.8.1. Japan Macroeconomic Outlook
9.4.8.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.4.8.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.4.8.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.4.8.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.4.8.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.4.8.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.4.9. South Korea
9.4.9.1. South Korea Macroeconomic Outlook
9.4.9.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.4.9.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.4.9.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.4.9.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.4.9.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.4.9.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.4.10. Singapore
9.4.10.1. Singapore Macroeconomic Outlook
9.4.10.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.4.10.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.4.10.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.4.10.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.4.10.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.4.10.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.4.11. Malaysia
9.4.11.1. Malaysia Macroeconomic Outlook
9.4.11.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.4.11.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.4.11.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.4.11.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.4.11.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.4.11.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.5. Central & South America
9.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.5.2. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.5.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.5.4. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.5.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.5.6. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.5.7. Brazil
9.5.7.1. Brazil Macroeconomic Outlook
9.5.7.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.5.7.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.5.7.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.5.7.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.5.7.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.5.7.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.6. Middle East & Africa
9.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.6.2. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.6.3. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.6.4. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.6.5. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.6.6. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
9.6.7. Saudi Arabia
9.6.7.1. Saudi Arabia Macroeconomic Outlook
9.6.7.2. Market estimates and forecasts, 2018 - 2030 (USD Million)
9.6.7.3. Market estimates and forecasts by technology, 2018 - 2030 (USD Million)
9.6.7.4. Market estimates and forecasts by application, 2018 - 2030 (USD Million)
9.6.7.5. Market estimates and forecasts by coverage range, 2018 - 2030 (USD Million)
9.6.7.6. Market estimates and forecasts by sales channel, 2018 - 2030 (USD Million)
9.6.7.7. Market estimates and forecasts by type, 2018 - 2030 (USD Million)
Chapter 10. Air Purifier Market: Competitive Analysis
10.1. Recent Developments & Impact Analysis, By Key Market Participants
10.2. Company Categorization
10.3. Participant’s Overview
10.4. Financial Overview
10.5. Product Benchmarking
10.6. Company Market Positioning
10.7. Company Market Share Analysis
10.8. Company Heat Map Analysis
10.9. Strategy Mapping
List of Tables
1. List of Abbreviations
2. List of key regulations/standards/guidelines
3. Countries, territories or areas with reported laboratory-confirmed COVID-19 cases and deaths.
4. Air purifier market estimates and forecasts, by technology, 2018 - 2030 (USD Million)
5. Air purifier market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6. Commercial air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
7. Retail shop air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
8. Offices air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
9. Healthcare facilities air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
10. Hospitality air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
11. Schools & educational institutions air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
12. Laboratories air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
13. Transport air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
14. Other commercial air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
15. Residential air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
16. Industrial air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
17. Air purifier market estimates and forecasts, by coverage range, 2018 - 2030 (USD Million)
18. Below 250 Sq. Ft air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
19. 250-400 Sq. Ft air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
20. 401-700 Sq. Ft air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
21. Above 700 Sq. Ft. air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
22. Air purifier market estimates and forecasts, by sales channel, 2018 - 2030 (USD Million)
23. Air purifier market estimates and forecasts by online sales by region, 2018 - 2030 (USD Million)
24. Air purifier market estimates and forecasts by offline sales by region, 2018 - 2030 (USD Million)
25. Air purifier market estimates and forecasts by hypermarkets/supermarkets by region, 2018 - 2030 (USD Million)
26. Air purifier market estimates and forecasts by retail stores by region, 2018 - 2030 (USD Million)
27. Air purifier market estimates and forecasts by specialty stores by region, 2018 - 2030 (USD Million)
28. Air purifier market estimates and forecasts by other offline sales by region, 2018 - 2030 (USD Million)
29. Air purifier market estimates and forecasts, by type, 2018 - 2030 (USD Million)
30. Standalone/portable air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
31. In-duct/fixed air purifier market estimates and forecasts by region, 2018 - 2030 (USD Million)
32. North America air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
33. North America air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
34. North America air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
35. North America air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
36. North America air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
37. North America air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
38. U.S. Macroeconomic Outlook
39. U.S. air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
40. U.S. air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
41. U.S. air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
42. U.S. air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
43. U.S. air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
44. U.S. air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
45. Canada Macroeconomic Outlook
46. Canada air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
47. Canada air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
48. Canada air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
49. Canada air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
50. Canada air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
51. Canada air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
52. Mexico Macroeconomic Outlook
53. Mexico air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
54. Mexico air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
55. Mexico air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
56. Mexico air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
57. Mexico air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
58. Mexico air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
59. Europe air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
60. Europe air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
61. Europe air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
62. Europe air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
63. Europe air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
64. Europe air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
65. France Macroeconomic Outlook
66. France air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
67. France air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
68. France air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
69. France air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
70. France air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
71. France air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
72. Germany Macroeconomic Outlook
73. Germany air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
74. Germany air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
75. Germany air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
76. Germany air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
77. Germany air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
78. Germany air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
79. Asia Pacific air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
80. Asia Pacific air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
81. Asia Pacific air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
82. Asia Pacific air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
83. Asia Pacific air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
84. Asia Pacific air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
85. China Macroeconomic Outlook
86. China air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
87. China air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
88. China air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
89. China air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
90. China air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
91. China air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
92. Japan Macroeconomic Outlook
93. Japan air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
94. Japan air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
95. Japan air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
96. Japan air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
97. Japan air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
98. Japan air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
99. South Korea Macroeconomic Outlook
100. South Korea air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
101. South Korea air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
102. South Korea air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
103. South Korea air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
104. South Korea air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
105. South Korea air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
106. Malaysia Macroeconomic Outlook
107. Malaysia air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
108. Malaysia air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
109. Malaysia air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
110. Malaysia air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
111. Malaysia air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
112. Malaysia air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
113. Singapore Macroeconomic Outlook
114. Singapore air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
115. Singapore air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
116. Singapore air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
117. Singapore air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
118. Singapore air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
119. Singapore air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
120. Central & South America air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
121. Central & South America air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
122. Central & South America air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
123. Central & South America air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
124. Central & South America air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
125. Central & South America air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
126. Brazil Macroeconomic Outlook
127. Brazil air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
128. Brazil air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
129. Brazil air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
130. Brazil air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
131. Brazil air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
132. Brazil air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
133. Middle East & Africa air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
134. Middle East & Africa air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
135. Middle East & Africa air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
136. Middle East & Africa air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
137. Middle East & Africa air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
138. Middle East & Africa air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
139. Saudi Arabia Macroeconomic Outlook
140. Saudi Arabia air purifier market estimates and forecast by technology, 2018 - 2030 (USD Million)
141. Saudi Arabia air purifier market estimates and forecast by application, 2018 - 2030 (USD Million)
142. Saudi Arabia air purifier market estimates and forecast by commercial application, 2018 - 2030 (USD Million)
143. Saudi Arabia air purifier market estimates and forecast by coverage range, 2018 - 2030 (USD Million)
144. Saudi Arabia air purifier market estimates and forecast by sales channel, 2018 - 2030 (USD Million)
145. Saudi Arabia air purifier market estimates and forecast by type, 2018 - 2030 (USD Million)
List of Figures
1 Market Segmentation & Scope
2 Information Procurement
3 Data Analysis Models
4 Market Formulation And Validation
5 Data Validating & Publishing
6 Market Snapshot
7 Segment Snapshot
8 Competitive Landscape Snapshot
9 Penetration and Growth Prospect Mapping
10 Value Chain Analysis
11 Market Dynamics
12 Air Purifier Market PORTER’s Analysis
13 Air Purifier Market PESTEL Analysis
14 Air Purifier Market, By Technology: Key Takeaways
15 Air Purifier Market: Technology Movement Analysis & Market Share, 2023 & 2030
16 HEPA market estimates & forecasts, 2018 - 2030 (USD Million)
17 Activated Carbon market estimates & forecasts, 2018 - 2030 (USD Million)
18 Ionic Filters market estimates & forecasts, 2018 - 2030 (USD Million)
19 Electrostatic precipitator market estimates & forecasts, 2018 - 2030 (USD Million)
20 Others market estimates & forecasts, 2018 - 2030 (USD Million)
21 Air Purifier Market, By Application: Key Takeaways
22 Air Purifier Market: Application Movement Analysis & Market Share, 2023 & 2030
23 Residential market estimates & forecasts, 2018 - 2030 (USD Million)
24 Commercial market estimates & forecasts, 2018 - 2030 (USD Million)
25 Industrial market estimates & forecasts, 2018 - 2030 (USD Million)
26 Commercial Air Purifier Market, By Sector: Key Takeaways
27 Air Purifier Market: Sector Movement Analysis & Market Share, 2023 & 2030
28 Retail Shops market estimates & forecasts, 2018 - 2030 (USD Million)
29 Offices market estimates & forecasts, 2018 - 2030 (USD Million)
30 Healthcare Facilities market estimates & forecasts, 2018 - 2030 (USD Million)
31 Hospitality market estimates & forecasts, 2018 - 2030 (USD Million)
32 Schools & Educational Institutions market estimates & forecasts, 2018 - 2030 (USD Million)
33 Laboratories market estimates & forecasts, 2018 - 2030 (USD Million)
34 Transport market estimates & forecasts, 2018 - 2030 (USD Million)
35 Others market estimates & forecasts, 2018 - 2030 (USD Million)
36 Air Purifier Market, By Coverage Range: Key Takeaways
37 Air Purifier Market: Coverage Range Movement Analysis & Market Share, 2023 & 2030
38 Below 250 sq. ft. air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
39 250-400 sq. ft. air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
40 401-700 sq. ft. air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
41 Above 700 sq. ft. air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
42 Air Purifier Market, By Sales Channel: Key Takeaways
43 Air Purifier Market: Sales Channel Movement Analysis & Market Share, 2023 & 2030
44 Online air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
45 Offline air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
46 Hypermarkets air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
47 Retail stores air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
48 Specialty stores air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
49 Other offline channels air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
50 Air Purifier Market, By Type: Key Takeaways
51 Air Purifier Market: Type Movement Analysis & Market Share, 2023 & 2030
52 Standalone/portable air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
53 In-duct/fixed air purifier market estimates & forecasts, 2018 - 2030 (USD Million)
Market Segmentation
Report content
Qualitative Analysis
Quantitative Analysis
Research Methodology
Grand View Research employs a comprehensive and iterative research methodology focused on minimizing deviance to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain, and to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
• Market drivers and restraints, along with their current and expected impact
• Raw material scenario and supply v/s price trends
• Regulatory scenario and expected developments
• Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, on face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
• Market-leading companies
• Raw material suppliers
• Product distributors
• Buyers
The key objectives of primary research are as follows:
• To validate our data in terms of accuracy and acceptability
• To gain an insight into the current market and future expectations
Data Collection Matrix
Perspective |
Primary research |
Secondary research |
Supply-side |
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Demand-side |
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Industry Analysis Matrix
Qualitative analysis |
Quantitative analysis |
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