At 20.5% CAGR, the Asia Pacific Air Purification Market is projected to be worth US$ 31,221.83 million by 2028, says Business Market Insights       According to Business Market Insights’ research, the Asia Pacific air purification market was valued at US$ 10,200.00 million in 2022 and is expected to reach US$ 31,221.83 million by 2028, registering an annual growth rate of 20.5% from 2022 to 2028. Increasing urbanization and industrialization propelling market growth and supportive government regulations and policies for refining air quality drives market growth.              

Government regulations are formulating policies to enhance the air quality of industrial and commercial environments, further strengthening the demand for air purifiers across various applications. The rising number of initiatives by governments in many countries on reducing air pollutants, which help improve the air quality, is further boosting the market. The higher the number, the more particles the air purifier can remove. Furthermore, in April 2021, Under the Air Act, the Central Pollution Control Board (CPCB) developed the ‘National Ambient Air Quality Standards for twelve parameters, including SOx, NOx, particulate matter, and ozone. This is expected to drive the market during the forecast period.

On the contrary, low-priced substitutes hamper hurdles the growth of Asia Pacific air purification market. 

• Based on product type, the Asia Pacific air purification market is categorized into activated carbon filtration, HEPA, ionizer purifiers, UVGI, and others. The HEPA segment held 41.6% market share in 2022, amassing US$ 4,238.28 million. It is projected to garner US$ 17,176.25 million by 2028 to expand at 26.3% CAGR during 2022–2028.    
• Based on application, the Asia Pacific air purification market is categorized into commercial, residential, and industrial. The commercial segment held 44.6% market share in 2022, amassing US$ 4,546.85 million. It is projected to garner US$ 17,608.94 million by 2028 to expand at 25.3% CAGR during 2022–2028.
• Based on country, the Asia Pacific air purification market has been categorized into the China, India, Japan, Australia, South Korea, and Rest of Asia Pacific.  Our regional analysis states that China captured 38.0% market share in 2022. It was assessed at US$ 3,876.00 million in 2022 and is likely to hit US$ 13,464.83 million by 2028, exhibiting a CAGR of 23.1% during the forecast period.            

Key players dominating the Asia Pacific air purification market are Whirlpool Corporation; Camfil; DAIKIN INDUSTRIES, Ltd.; Honeywell International Inc.; Koninklijke Philips N. V; LG Electronics; Panasonic Corporation; Unilever PLC; and IQAir among others.

• In Aug 2021, Panasonic Launches New Factory for IAQ*1 Devices in Shunde, China to Enhance Production of Energy Recovery Ventilator Systems.
• In Nov 2019, Philips launches affordable 800 series air purifiers exclusively designed for India.

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