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Published Date: 2016-11-25Number of Pages: 232

Air Purification Systems Market (Technology - HEPA Purifier, Ionic Purifier, Electrostatic Precipitator, UV Light Purifier, and Activated Carbon Purifier; Impurity - Oil and Mist, Smoke, Fume, and Dust; End User - Industrial, Residential, and Commercial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Global Air Purification Systems Market: Snapshot

The global market for air purification systems has gained huge importance in the past few years as the quality of air has continued to degrade amid the rising pace of infrastructural activities, rise in industrial emissions, and the rising usage of petroleum-based vehicles across the globe. The market is witnessing a vast rise in demand across emerging economies wherein these issues have a worrying level of intensity owing to the rapid pace of industrialization and urbanization.

Transparency Market Research states that the global market for air purification systems will tread along a healthy growth path owing to these factors. TMR estimates that over the period between 2016 and 2024, the market will exhibit an 8.4% CAGR over the period between 2016 and 2024. As a result, the market will rise to a valuation of US$24.83 bn by 2024 from US$12.06 bn in 2015.

air purification systems market

 

Industrial Sector to Remain Key Consumer of Air Purification Systems

Air purification systems find extensive usage across industrial, commercial, and residential sectors owing to vast advantage of removal of harmful pollutants and maintaining clean air. Of these, the industrial segment emerged as the leading consumer of air purification systems in 2015, accounting for over 40% of the global market. The segment is anticipated to retain its dominance during the forecast period as well, chiefly owing to the steady expansion of a number of industries, especially in emerging economies.

Implementation of stringent government industrial norms and rising awareness about the health of workers are the key drivers of demand in the industrial sector across the globe. The usage of air purification systems in the commercial sector is also rising at a steady pace across the globe. This is attributed to the rising infrastructure activities and increasing awareness in healthcare, tourism, and hospitality sectors. Air purification systems for residential application is still at nascent stage but is also anticipated to exhibit healthy growth during forecast period due indoor air quality concerns.

Asia Pacific to be Vital to Global Market’s Future Growth

In terms of revenue, Asia Pacific held the leading share of more than 30% in the global air purification systems market in 2015. The air purification systems market in the region is anticipated to grow significantly in the next few years. Asia Pacific is estimated to retain its dominant position during the forecast period as well, expanding at a CAGR of more than 9% over the period between 2016 and 2024.

High rate of urbanization, industrialization, and the worsening issue of air pollution have made China the most lucrative market for air purification systems in Asia Pacific in the past few years. Owing to similar factors, China is projected to remain one of the world’s leading consumers of air purification systems in the next eight years as well. Other economies in Asia Pacific, such as India, Indonesia, Japan, and South Korea are also likely to be the high-growth markets for air purification systems market during the forecast period.

The air purification systems markets in North America and Europe, on the other hand, are expected to exhibit growth at a moderate rate during the forecast period. The well-established industrial and commercial sectors in these regions leave little scope for the development of new growth opportunities. Nevertheless, revival of economy in the European market is likely to provide momentum to the air purification systems market in Europe. Overall, the air purification systems market in developed regions is expected to be less lucrative than Asia Pacific in the next few years.

Some of the key players operating in the largely consolidated global air purification systems market are include Sharp Corporation, Jarden Corporation, Panasonic Corporation, Daikin Industries, Honeywell International, Philips Electronics N.V., Camfil Group, 3M, LG Electronics, Clarcor Inc., Fumex Inc, and Eureka Forbes. 

Global Air Purification Systems Market: Overview

Air Purification is a device or system which is primarily employed in the industrial, commercial and residential application to remove or control the air contaminants, impurities from the air and to provide clean air in a room. There is a difference between air cleaner and air purification system. Air cleaner consist of fan which create noise when operate at high speed and also costly to maintain whereas air purifier is silent device and requires relatively less maintenance.

Global Air Purification Systems Market: Growth Dynamics

Poor Indoor Air Quality (IAQ) is a major concern to schools, buildings, complexes hospitals and workers because it can impact the health comfort, well-being and productivity of health occupants. Rising awareness related to ill-effects of poor IAQ and increasing infrastructure and industrial activities are the major drivers that drives the growth of air purification systems market. Asia Pacific dominates the air purification systems market in terms of demand. Countries such as China, Japan, South Korea, and India are expected to be the key consumers of air purification systems. Higher prices and release of byproduct from air purifier is anticipated to hamper the market growth.

Global Air Purification Systems Market: Segmentation

High Efficiency Particulate Air (HEPA) purifier is anticipated to be the major segment during the forecast period followed by activated carbon and electrostatic precipitator. In terms of end-use industrial sector is going to the major segment for air purification systems. Commercial segment is also second most lucrative segment for air purification systems market. Increase in research activities related to air purification systems is estimated to offer major opportunities to the air purification systems market in the next few years.

Global Air Purification Systems Market: Scope of the Report

This report analyzes and forecasts the market for Air Purification Systems Market at the global and regional level. The market has been forecast based on revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global Air Purification Systems market. It also covers impact of these drivers and restraints on demand for Air Purification Systems Market during the forecast period. The report also highlights opportunities in the Air Purification Systems market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global Air Purification Systems market. Porter’s Five Forces model for the Air Purification Systems market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein technology, impurity and end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global Air Purification Systems market by segmenting it in terms of technology, impurity and end-users. In terms of technology air purification systems is classified as HEPA(High Efficiency Particulate Air), Activated Carbon, Electrostatic Precipitator, UV Light Air Purifier, Ionic Air Purifier and Others (including Kitchen Ventilation System).Based on impurity it is classified as Oil & Mist Collector, Smoke Collector, Fume Extraction, Dust collector and Others (including pollen grains etc.). Further segmentation is based on End-users such as Industrial, Commercial and Residential. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for Air Purification Systems in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual market size of Air Purification Systems for 2015 and estimated market size for 2016 with forecast for the next eight years. The global market size of Air Purification Systems has been provided in terms revenue. Market revenue has been defined in US$ Mn. Market numbers have been estimated based on technology, impurity and end-users of Air Purification Systems. Market size have been provided in terms of global, regional, and country level markets.

Global Air Purification Systems Market: Research Methodology

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE), National Air Filtration Association (NAFA) and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

Global Air Purification Systems Market: Competitive Landscape

The report comprises profiles of major companies operating in the global air purification systems market. Key players in the air purification systems market are Sharp Corporation, Panasonic Corporation, Daikin Industries, Honeywell International, Philips Electronics N.V., Electrocorp, Camfil Group, SPX Flow, Mann+Hummel,3M, LG Electronics, Clarcor Inc., Fumex Inc, Eureka Forbes. These market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments in the report.

The global air purification systems market has been segmented as follows:

Air Purification Systems Market: By Technology

  • HEPA
  • Activated Carbon
  • Electrostatic Precipitator
  • UV Light Air Purifier
  • Ionic Air Purifier
  • Others (Kitchen Ventilation Systems etc.)

Air Purification Systems Market: By Impurity

  • Oil & Mist
  • Smoke Collector
  • Fume Extraction
  • Dust Collector
  • Others (Pollen grains etc.)

Air Purification Systems Market: By End-use

  • Industrial
  • Commercial
  • Residential

Air Purification Systems Market: Regional Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of South America
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • Rest of MEA


 
 
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