The Global Air Purification System Market size was estimated to be US$ 9.1 billion in 2019 and is expected to grow at a CAGR of 11.8% through 2030.
Rising air pollution, growth of air borne infectious diseases, increasing disposable income per capita, and technological advancement in air purification systems are the key farces influencing the growth of the global air purification system market. An air purification system breath in air from confined surroundings, processes it through filtration system to remove harmful allergens such as dust, pollen, or bacteria, and release the clean air back into the surrounding.
Air purification systems have emerged as a necessity across major counties due to rise in air pollution levels and are increasingly disposable income per capita. Along with residential & commercial applications, the demand for high efficiency air purification systems from industrial applications has increased significantly during past decade for treatment of air containing smoke, oil particulates, mist and other pollutants.
Leading players active in the market are focusing on development of advanced air purification systems at affordable prices for residential consumption. This is anticipated to fuel the demand for air purification systems across mid-income and low-income countries in coming years. The global air purification system market is expected to witness prominent growth during the forecast period.
North America contributed a dominating share to the global air purification market in 2019 and is anticipated to grow significantly during the forecast period owing to strong adoption of air purification systems across multiple end use sectors. Implementation of stringent environment protection regulations across major countries such as the United States and Canada is expected to fuel the growth of North America air purification system market during the forecast period.
Asia Pacific contributed a prominent share to the global air purification system market in 2019 and is anticipated to be the fastest growing segment during the forecast period owing to rising demand fuelled by growing awareness and air pollution levels across China, India, Japan, and other Southeast Asian countries.
Air Purification System Market Share Analysis, by Geography (2022)
To know more Information about this report, Request a Sample
The report titled “Air Purification System Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global air purification system market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Emerson Electric Co. reported revenues of USD 23.25 billion in 2019 and the product segment analysis of the company indicates that Air Conditioning business segment of the company dominated revenue in 2019.
The global air purification system market is segmented on the basis of technology, end use, and geography. Based on technology, the global air purification system market is segmented into high efficiency particulate air (HEPA), activated carbon, ionic purifier, electrostatic precipitator, and others. Based on end use, the global air purification system market is segmented into residential, commercial, and commercial. Based on geography, the global air purification system market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on air purification systems. Further, market share of prominent companies in the global air purification system market would also be estimated. For instance, Daikin Industries Ltd. operates through four segments namely Air Conditioning, Oil Hydraulics, and Defense. The air purification system products are delivered under Air Conditioning business segment of the company with revenue contribution of US$ 20.83 billion in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the air purification system companies. The global air purification system market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the air purification system business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global air purification system market.
Major players active in the global air purification system market include 3M Company, Camfil Group, Clarcor Inc., Daikin Industries Ltd., Electrocorp, Eureka Forbes, Fumex Inc., Honeywell International Inc., LG Electronics Inc., Mann+Hummel, Panasonic Corporation, Philips Electronics N.V., Sharp Corporation, SPX Flow, and Whirlpool Corporation.
Segmentation:
By Technology:
By End Use:
By Geography :
Rising air pollution, the growth of airborne infectious diseases, and technological advancement in air purification systems are the key driving factors for the growth of the market.
Asia Pacific contributed a prominent share to the global air purification system market and is anticipated to be the fastest growing segment during the forecast period owing to rising demand fuelled by growing awareness and air pollution levels
Based on type, the air purification system market is segmented into High Efficiency Particulate air (HEPA), Activated carbon, Ionic purifier, Electrostatic precipitator and Others.
The global air purification system market is estimated to exhibit a CAGR of 11.8% through 2030.
Key air purification system market players are 3M Company, Camfil Group, Clarcor Inc., Daikin Industries Ltd., Electrocorp, Eureka Forbes, Fumex Inc., Honeywell International Inc., LG Electronics Inc., Mann+Hummel, Panasonic Corporation, Philips Electronics N.V., Sharp Corporation, SPX Flow, and Whirlpool Corporation.
Copyright © 2024 Same Page Management Consulting Pvt. Ltd. (insightSLICE) | All Rights Reserved