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The Air Purifier Market is projected to grow by USD 7.18 billion from 2024-2028, driven by technological innovation and portfolio expansion leading to product premiumization, including AI impact–Technavio report

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global air purifier market size is estimated to grow by USD 7.18 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.57% during the forecast period. Technological innovation and portfolio extension leading to product premiumization is driving market growth, with a trend towards introduction of smart, connected air purifiers. However, presence of counterfeit products poses a challenge. Key market players include 3M Co., AllerAir Industries Inc., Americair Corp., AustinAir, Blue Star Ltd., Breville Group Ltd., Camfil AB, Daikin Industries Ltd., Dyson Group Co., Eureka Forbes Ltd., Hamilton Beach Brands Holding Co., Havells India Ltd., Honeywell International Inc., IQAir AG, Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., and Whirlpool Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Air Purifier Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.57%

Market growth 2024-2028

USD 7184.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.32

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, China, Japan, Germany, and Canada

Key companies profiled

3M Co., AllerAir Industries Inc., Americair Corp., AustinAir, Blue Star Ltd., Breville Group Ltd., Camfil AB, Daikin Industries Ltd., Dyson Group Co., Eureka Forbes Ltd., Hamilton Beach Brands Holding Co., Havells India Ltd., Honeywell International Inc., IQAir AG, Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., and Whirlpool Corp.

Market Driver

The air purifier market is witnessing significant growth due to increasing demand for advanced and innovative air purifying solutions. Vendors are capitalizing on this trend by introducing smart air purifiers, which offer user-friendly features, energy savings, and enhanced safety. These appliances come with Energy Star certification for energy efficiency, hassle-free maintenance, alert systems, and remote control functionality. Smart air purifiers, such as Honeywell’s Air Touch X3 Office Air Purifier, are Wi-Fi enabled and allow users to control the device and monitor air quality remotely. With features like adjustable backlight and easy-to-use controls, these appliances offer a convenient and effective solution for maintaining clean and healthy indoor air. The market for smart air purifiers is expected to grow steadily during the forecast period, as more consumers seek out these advanced and convenient solutions for improving indoor air quality. 

The air purifier market is experiencing significant growth due to increasing health awareness and rising pollution levels in metropolises. Pleated filters, effective against harmful pollutants and airborne germs including viruses and bacteria, are trending. Healthcare facilities and life sciences applications prioritize air filtration protection. Nirvana, Levoit, and Blueair lead the residential market with their robust designs and noise-efficient models. Commercial use sees Blueair’s Blue Pure Max as a top choice. Nylon core filters offer high virus removal capacity. Noise, product safety, and smart home technologies are key considerations. Airborne diseases, pollution levels, and the Clean Air Act drive demand. Workplaces seek substitutes for traditional air filters with HEPA filters using submicron glass fibers capturing particles as small as 0.3 microns. Outdoor air pollution and developing regions are new markets. 

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Market Challenges

The air purifier market is experiencing significant growth and increasing demand, attracting both legitimate and counterfeit product manufacturers. Counterfeit air purifiers, made with low-quality materials and less durability, pose a challenge to market vendors. E-commerce platforms facilitate the distribution and sales of these counterfeit products, making it difficult for customers to distinguish them from genuine ones. Counterfeit products’ relatively low price is a major factor contributing to their demand, negatively impacting vendors’ sales and pricing strategies. To retain customers and protect brand reputation, vendors invest in advertising and promotional campaigns, which can be costly and reduce profit margins. The availability of counterfeit products also affects volume sales, potentially leading to inventory backlogs for international vendors. Counterfeit manufacturers save on production and transportation costs by operating in regional or local markets, making their products less expensive than genuine ones. Established global vendors aim to penetrate developing markets, such as India and China, where counterfeit products are prevalent. The presence of counterfeit products is expected to limit the growth of the global air purifier market during the forecast period. Vendors must focus on educating consumers about the risks and consequences of purchasing counterfeit products while maintaining competitive pricing and product quality.The Air Purifier Market faces challenges in ensuring performance efficacy against various pollutants like smoke, dust, bio-contaminants, pollen, and urban pollutants. Environmental impact is a concern due to the use of activated carbon and charcoal filters, which may release gases and odors. Ionic filters, UV LED, and ionizers raise questions regarding their ability to effectively address all types of pollutants, including airborne viruses. Industrial activities, air pollution, and vehicular emissions contribute significantly to urban air pollution, necessitating air purification solutions. Asthma, allergies, and airborne infections are common health concerns linked to indoor air quality. Differentiating air purifiers based on unique features such as smart technology, coverage area, and air quality sensors is crucial. Misconceptions surrounding air purifiers as luxury items hinder market growth. Mechanical air filters, extended-surface filters, and filters for specific pollutants like mold spores, animal dander, dust mite, and cockroach allergens are essential offerings.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This air purifier market report extensively covers market segmentation by

Application 1.1 Commercial1.2 Residential1.3 IndustrialTechnology 2.1 HEPA2.2 Electrostatic precipitators2.3 Ionizers and ozone generators2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Commercial- The commercial segment dominates the global air purifier market, accounting for the largest share in 2023. Air purifiers are extensively used in various commercial spaces, including schools, malls, offices, hospitals, hotels, theaters, and other establishments. These purifiers, particularly those with activated carbon and HEPA filters, effectively eliminate harmful particles, smoke, and odors, enhancing indoor air quality. In healthcare facilities, air purifiers play a crucial role by eradicating odor-carrying pathogens and allergens, ensuring a clean and healthy environment for staff and patients. The increasing urbanization in developing countries, such as India, fuels the demand for air purifiers. The benefits of air purifiers, such as improved air quality and healthier indoor environments, are driving their adoption in commercial spaces, thereby propelling the growth of the global air purifier market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Air Purifier market has witnessed significant growth due to rising concerns over airborne diseases, increasing pollution levels, and growing health awareness. With the standard of living improving in developing regions, the demand for air purification solutions has surged. Outdoor air pollution, caused by industrial activities, vehicular emissions, and urban air pollution, poses a major health risk. Air purifiers have become essential in mitigating the effects of air pollution, especially in areas with high levels of particles, such as submicron glass fibers, mold spores, animal dander, dust mite, cockroach allergens, and respirable particles. Mechanical air filters, including HEPA filters and pleated filters, effectively trap these pollutants, providing relief from asthma, allergies, airborne infections, and other health issues caused by viruses and bacteria.

Market Research Overview

The air purifier market is witnessing significant growth due to rising concerns over airborne diseases, increasing pollution levels, and growing health awareness. With the standard of living improving in developing regions, there is a heightened focus on indoor air quality. HEPA filters, submicron glass fibers, and other advanced technologies are being used to remove particles, smoke, dust, bio-contaminants, pollen, and gases from the air. Outdoor air pollution, industrial activities, vehicular emissions, and urban air pollution are major contributors to poor air quality. Air filters, including mechanical filters, activated carbon, charcoal, ionizers, UV LED, and HEPA filters, are popular air purification solutions. Smart home technologies, such as air quality sensors and smart air purifiers, are gaining popularity for their performance efficacy and product safety. However, there are misconceptions about the environmental impact of air purifiers and the availability of product substitutes. It is essential to consider the unique features of each air purifier, such as coverage area, noise level, and performance efficacy, when making a purchase. Airborne diseases, including asthma, allergies, and airborne infections, are a significant concern, especially in healthcare facilities and life sciences applications. Air purifiers offer air filtration protection against harmful pollutants, airborne germs, and other urban pollutants. Air purifiers are no longer considered luxury items but are becoming essential for both residential and commercial use. Companies are differentiating themselves by offering unique features, such as extended-surface filters, pleated filters, and virus removal capacity. Brands like Nirvana, Levoit, and Blueair are leading the market with their robust designs and innovative technologies. The Clean Air Act and pollution campaigns have led to stricter regulations on emissions, making it crucial for air purifier manufacturers to prioritize product safety and environmental impact. With the increasing focus on indoor air quality, the air purifier market is expected to continue its growth trajectory.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationCommercialResidentialIndustrialTechnologyHEPAElectrostatic PrecipitatorsIonizers And Ozone GeneratorsOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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AFP Launches No Code AI for Finance Certificate to Upskill Finance Teams

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New certificate empowers financial professionals with real-world AI skills that don’t require programming expertise

ROCKVILLE, Md., April 29, 2026 /PRNewswire/ — The Association for Financial Professionals (AFP) announced the launch of its No Code AI for Finance Certificate Program. Taught by an AI expert with a background in finance and operations, the virtual on-demand program goes beyond theory, providing practical applications of AI in finance.

Key takeaways

Practical curriculum: The certificate course, developed through feedback from finance practitioners, provides hands-on exercises and lessons on building a data foundation, training and interpreting machine learning models, generating insights with generative AI and embedding ethics in AI adoptionSelf-paced learning: Once registered for the certificate, eight hours of on-demand content across four modules are available in AFP Learn.Professional recognition: The certificate course is eligible for 9.6 CTP, FPAC and CCM Credits and provides a Digital Badge and printable certificate upon successful completion.

Why it matters
The finance function is at a critical turning point. Data volumes are growing while finance professionals are increasingly being asked to do more with less. The No Code AI for Finance Certificate equips teams to scale their impact by automating labor-intensive workflows and speeding up processes while maintaining accuracy.

Comprehensive curriculum
The certificate program includes four modules that are tailored to the specific needs of finance professionals:

Data Foundations for Trustworthy Finance Analytics: Learn about decision cycles AI can shorten, mitigation tactics for AI hallucinations, and the difference between supervised, unsupervised and generative tasks.Understanding the Full Machine Learning Process and Its Results: Learn to frame finance machine learning problems correctly, choose and defend the right success metrics for each task and translate model results into business-ready insights.Generative AI for Finance: Smarter Questions, Faster Insights: Learn to write prompts for GenAI, generate and refine GenAI-supported data-prep code, pressure test insights with GenAI and apply guardrails for GenAI.From AI Capability to Adoption & Ethics by Design: Learn to select and prioritize a first AI pilot, design an operating cadence, draft an ethics and risk control sheet, and define ROI and adoption KPIs.

Each module includes downloadable assets to help learners apply the lessons to their day-to-day work.

Key quote
“At AFP, we recognized a clear need for training that addresses finance-specific applications of AI. This certificate acts as a bridge to connect financial professionals to the transformative power of AI, ensuring they remain the indispensable strategic partners their organizations require,” said Pat Culkin, President & CEO of AFP.

Ready to lead AI adoption in your finance team?
Enroll in the certificate program and begin working toward the No Code AI for Finance Certificate.

FAQs
Who should enroll in this certificate program?
The program is designed for financial professionals at all levels looking to integrate AI into their workflows.

Are there any prerequisites for the course?
There are no prerequisites for this course. It is accessible to professionals of all technical backgrounds. No coding knowledge is required.

How is the course delivered?
The course consists of eight hours of on-demand content across four modules, which can be completed at the learner’s own pace.

How much does it cost to enroll in the certificate program?
The certificate program is $295 for AFP members and $495 for non-members.

About AFP®
Headquartered outside of Washington, D.C., and located regionally in Singapore, the Association for Financial Professionals (AFP) is the professional society committed to advancing the success of treasury and finance members and their organizations. Established and administered by AFP, the Certified Treasury Professional and Certified Corporate FP&A Professional credentials set standards of excellence in treasury and finance. Each year, AFP hosts the largest networking conference worldwide for about 7,000 corporate financial professionals.

Media contact
Joe Hodanich
Senior Director, Digital Strategy & Content
Association for Financial Professionals
Email: jhodanich@financialprofessionals.org

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SOURCE Association for Financial Professionals

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KT Corp. Files 2025 Annual Report on Form 20-F

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SEOUL, South Korea, April 29, 2026 /PRNewswire/ — KT Corporation (NYSE: KT), South Korea’s largest integrated telecom and digital platform service provider, announced that it has filed its Form 20- F Annual Report on April 29th, 2026 for the year ended December 31, 2025 with the Securities and Exchange Commission of the United States. The report can be accessed on KT’s English website at https://corp.kt.com/eng in the Investors section under Business Report as well as the SEC’s Edgar database at www.sec.gov. Shareholders may also request a hard copy of the Form 20-F Annual Report that includes audited financial statements of 2025, free of charge, by sending an e-mail to the Company’s IR department at ktir@kt.com.

About KT Corporation (KRX: 030200; NYSE: KT)

KT Corporation is the leading integrated telecommunications and platform service provider based in South Korea. Principal services include mobile, Broadband, IPTV, B2B communications, and fixed-line telephony. The Company has industry-leading market presence in Broadband, media services, and fixed-line telephony by maintaining the No.1 market share positions. Also, the Company is the No.1 player in B2B communications and offers a wide range of digital transformation services (DC, Cloud, AI, etc.). Additionally, the Company possesses a well-balanced portfolio of diverse subsidiaries focusing on media/content, financial services, real estate developments, and commerce industries.

Forward-Looking Statements

This communication contains “forward-looking statements” that are based on our current expectations, assumptions, estimates and projections about us and the industries in which we operate. The forward-looking statements are subject to various risks and uncertainties. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “project,” “should,” and similar expressions. Those statements include, among other things, the discussions of our business strategy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources. We caution you that reliance on any forward-looking statement involves risks and uncertainties, and that although we believe that the assumptions on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and, as a result, the forward-looking statements based on those assumptions could be incorrect. The uncertainties in this regard include, but are not limited to, those identified in the risk factors discussed above. In light of these and other uncertainties, you should not conclude that we will necessarily achieve any plans and objectives or projected financial results referred to in any of the forward-looking statements. We do not undertake to release the results of any revisions of these forward-looking statements to reflect future events or circumstances.

IR department:
+82-70-4193-4036
ktir@kt.com

View original content:https://www.prnewswire.com/news-releases/kt-corp-files-2025-annual-report-on-form-20-f-302757200.html

SOURCE KT Corp.

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SK TELECOM CO. LTD. FILES ITS ANNUAL REPORT ON FORM 20-F

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SEOUL, South Korea, April 29, 2026 /PRNewswire/ — On April 29, 2026, SK Telecom Co., Ltd. filed its Annual Report on Form 20-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The 2025 Annual Report on Form 20-F can be viewed on www.sktelecom.com, as well as from the website of the U.S. Securities and Exchange Commission at www.sec.gov. Printed copies of SK Telecom’s complete audited financial statements (including footnotes) as of and for the year ended December 31, 2025 can be requested, free of charge, by written request to skt.ir@sk.com.

View original content:https://www.prnewswire.com/news-releases/sk-telecom-co-ltd-files-its-annual-report-on-form-20-f-302757201.html

SOURCE SK Telecom Co., Ltd

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