The New Zealand air purifier market was valued at US$ 7.3 Million in 2021 and is expected to surpass US$ 9.9 Million by 2027, registering a CAGR of 5.4% during the forecast period (2021-2027), according to the New Zealand Air Purifier Market Report, By Technology (High-Efficiency Particulate Air (HEPA), Electrostatic Precipitator Ion & Ozone Generators, Activated Carbon and Other Technologies), By End-user (Commercial and Residential), By Distribution Channel (E-Commerce Channel and Retail), published by Coherent Market Insights.
The adoption of air purifiers is expected to increase in the commercial segment due to benefits offered by air purifiers such as purified bacteria-free and odor-free air. The application of air purifiers in the commercial segment include hospitals, hotels, shopping malls, educational centers, conference centers, and others. Over-crowding in office spaces can drastically reduce the quality of air. In such situations, equipping an office with air purifiers can improve quality air by eliminating harmful particles, dust, and bacteria among others. Clean and odor-free air in the office helps to achieve greater work efficiency. Apart from offices, hospitals and educational institutes are also installing air purifiers in order to provide cleaner air to patients and students.
Moreover, key players are also offering commercial air solutions. For instance, Air Solutions, a New Zealand based air purifier providing company, offers a commercial air purifier known as Steril Zone Room Air Purifier, which is specially designed to reduce airborne infections. The product is equipped with advanced technology and filtration systems such as germicidal UV, HEPA-style filter, and activated carbon technology which can clean the air of a room up to 1,000 square feet. Thus, adoption of air purifiers in the commercial segment is expected to create growth opportunities for players operating in the New Zealand air purifier market.
New Zealand Air Purifier Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 has significantly disrupted all the industries including infrastructure, automotive, manufacturing, and others. To combat COVID-19 pandemic, several countries have announced lockdowns and this has significantly impacted air purifiers manufacturers as the facilities across the globe were temporarily shut down. The increasing awareness regarding air purification during COVID-19 outbreak has provided opportunities for air purifier retailers to increase their sales.
Air purifiers are used in various residential applications such as large homes, small homes, and residential properties. Due to the COVID-19 pandemic, demand for air purifiers has increased which is providing lucrative growth opportunities for manufacturers of air purifiers. Several air manufacturers are using air purifier technologies such as HEPA and activated carbon to minimize the spread of viruses in enclosed spaces. Thus, manufacturers are focusing on developing a significant solution for indoor air quality during and demand for these filters is expected to increase in the near future. Furthermore, the growing need for air purification as a result of the COVID-19 outbreak is expected to increase sales revenue of manufacturers. Manufacturers are focusing on developing purifiers with advanced technologies such as photocatalytic purifiers, activated carbon, ionic filter, HEPA, and other technology. During the COVID-19 outbreak, air purifier companies have witnessed a rise in consumer demand as a precautionary measure against viruses. Furthermore, some air purifiers have anti-viral filters and anti-bacterial filter for viruses such as H1N1 and others is expected to propel the market growth in future
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Key Trends and Analysis of the New Zealand Air Purifier Market:
- Among End user, commercial segment held a dominant position in the market in 2021 and is expected to retain its dominance during the forecast period. Air purifiers are used in various commercial applications such as offices, schools, restaurants shopping malls, hospitals, conference centers, and other facilities. These air purifiers are deployed in offices to maintain indoor air quality, as poor air quality can hamper employees' health and overall productivity of the business. The office space are mostly crowded with people and deteriorating the quality of air. As a result, most office spaces are equipped with air purifiers to provide clean air by eliminating the harmful particles such as dust, bacterial and others. Thus, clean air is provided in the office and increases employee efficiency in the workplace. Moreover, air purifiers are used in schools and research & development centers to remove airborne particles and odor from the air, and help in improving the quality of air. The growing indoor air pollution levels are driving the market growth during the forecast period. Indoor air pollution is one of the most serious threats to human health. The air filtration techniques are used to remove air pollutants and enhance indoor air quality. Pollutants such as particulates from cooking, dust, smoking, and talcum powder deteriorate the quality of the air.
- Major players operating in the New Zealand air purifier market include Honeywell International Inc., Koninklijke Philips N.V., LG Electronics, Filtercorp International Limited, Fellowes Brands, Breathing Better NZ Ltd, Blueair AB, Daikin Industries, Ltd., Dyson Ltd., Sharp Corporation, Winix Co., Ltd., Xiaomi Corporation, Molekule
