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Air Purification Systems Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030

Air Purification Systems Market Size, Share & Trends Analysis -...

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Air Purification Systems Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030
Air Purification Systems Market Size,...
Report Code
RO13/107/1590

Publish Date
25/Nov/2021

Pages
200
PRICE
$ 4950/-
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$ 6250/-
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The global air purification systems market size was US$ 16.6 billion in 2021 and is forecast to reach the value of US$ 39.62 billion by 2030. The global air purification system market is expected to grow at a compound annual growth rate (CAGR) of 10.2% during the forecast period from 2022-2030. 

Factors Influencing 

  • The global air purification systems market is forecast to gain traction due to the increasing environmental pollution in emerging economies, such as India and China. 
  • Growing industrialization and urbanization are forecast to offer significant growth opportunities to the market players. 
  • Stringent government regulations to control the emission of harmful gases from factories are expected to accelerate the market growth during the study period. 
  • The increasing prevalence of respiratory diseases, rising geriatric population, and growing adoption of smart technology would propel the growth of the global air purification systems market. 
  • Increasing awareness related to the hazardous effect of environmental pollution is forecast to accelerate the growth of the global air purification system market. 
  • The high initial and maintenance cost of the air purifiers may hamper the market growth during the forecast period.
  • The growing demand for advanced and efficient technologies would offer favorable growth opportunities to the market players. Aurabeat Technology Limited launched an effective technology named Aurabeat AG+ Silver Ion Plasma Sterilization Air Purifier to curb the virus spread. The device can efficiently reduce around 99.9% of COVID-19 virus from the air within 30 minutes. Such advancements are likely to benefit the global air purification systems market. 

COVID-19 Impact Analysis

The COVID-19 outbreak has increased awareness about the harmful impact of poor air quality. Moreover, the demand for air purification systems from the healthcare sector also increased drastically. The growing healthcare infrastructure is further forecast to increase the demand for high-grade air purifiers. Due to the COVID-19 pandemic, market players may witness a huge growth potential around the world, owing to the increasing demand for efficient systems, rising healthcare expenditure, and growing healthcare spending. According to the U.S. Environmental Protection Agency, air purifiers are effective in reducing air pollutants and viruses. 

Geography Analysis

Geographically, Asia-Pacific is dominating the global air purification systems market by holding the largest share. The demand for air purification systems has been accelerating mainly in India, China, Japan, and South Korea. The increasing concerns over environmental pollution and poor air quality is increasing the contribution of the region. Moreover, the growing population, rising disposable income are the other factors driving the growth of the Asia-Pacific air purification systems market. The market would further grow, owing to the increasing geriatric population, rising prevalence of respiratory diseases, and growing industrialization. 

Competitors in The Market

  • Honeywell International Inc.
  • 3M Company
  • Sharp Corporation
  • Daikin Industries, Ltd.
  • Air Products and Chemicals, Inc.
  • Clean Teq Holdings Limited
  • Panasonic Corporation
  • Alfa Laval AB
  • SPX Corporation
  • Mann+Hummel GmbH
  • Clarcor Inc.
  • LG Electronics Inc.
  • Whirlpool Corporation
  • Eureka Forbes
  • Fumex Inc.
  • Philips Electronics N.V.
  • Other prominent players

Market Segmentation

Insight by Product

  • Dust Collectors
  • Fume and Smoke Collectors
  • Vehicle Exhaust
  • Mist Eliminators
  • Fire/Emergency Exhaust
  • Others 

Insight by Technology

  • HEPA
  • Electrostatic Precipitator
  • Activated Carbon
  • Ionic Filters
  • Others

Insight by Industry

  • Automotive
  • Construction
  • Healthcare & Medical
  • Energy & Utilities
  • Manufacturing
  • Others

Insight by Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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