Air Purification Systems Market
Air Purification Systems Market (Technology - HEPA Purifier, Ionic Purifier, Electrostatic Precipitator, UV Light Purifier, Activated Carbon Purifier; Impurity - Oil and Mist Collectors, Smoke Collectors, Fume Extraction, Exhaust Filtration; End use - Residential, Commercial, Industrial) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Press Release :
Global Air Purification Systems Market – Snapshot
The basic difference between an air purifier and an air cleaner is that air cleaners feature a fan which make a lot of noise and are expensive to purchase and maintain, whereas air purifiers are silent devices and require relatively less maintenance compared to air cleaners. Global air purification systems market size was valued US$ 8.45 Bn in 2018 and expected to reach US$ 21.9 Bn in 2027.
HEPA air purification technology is better than other air purification technologies as HEPA can remove approx. 99.97% of pollutants that pass through it. Rise in automotive industry is increasing the demand for gasoline or diesel particulate filters which is subsequently increasing the demand for exhaust filtration or industrial dust collector air purifiers across the world.
Dust generated in an industrial sector such as in manufacturing plants are a major source of environmental air pollution. Dust reduce the efficiency of plant equipment and machinery. Exhaust filtration air purifiers are used to filter dusts that are produced from mining operations, woodworking dust, chemical production, blasting among others. Exhaust filtration or dust collectors are mainly used in industrial sector to clean the environmental air in a manufacturing plant.
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Oil and mist and smoke collector air purifiers are also heavily used in industrial plants. They are generally used in removing dry contaminants and oil mist from the air. These impurities are generated in a CNC turning and milling, electric discharge machine (EDM), wet grinding and other industrial sectors. Air purification systems are heavily used in industrial and residential sectors. Rising consumer awareness about air purifiers and increasing pollution in cities due to rising industrialization is increasing the demand for residential air purification systems. In emerging economies of Asia Pacific such as China and India, rising industrialization is increasing air pollution which is subsequently increasing the demand for air purifiers in China, India and other Asia Pacific countries
Asia Pacific held the largest share of more than 30% of the global air purification systems market in 2019. The region is likely to experience the fastest growth in the next few years. Thus, it is expected to retain its dominance during the forecast period. The markets in North America and Europe are anticipated to expand at a moderate pace during the forecast period.
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Players are investing in using advanced and innovative technologies for the development of optimum purification, energy efficient, and low emission products with the aim to reduce environment degradation. With rising focus on these areas, players aim to increase sales of their products and maximize their earnings. Investment in mergers and acquisition, partnership, and expansion has also increased by the players to extend their presence in different regions. For example, Sharp Corporation recently introduced new product SHARP KC-G40M in the Indian market. This product is a combination of humidifier and air purifier that provides comfort and convenience during summers. The company aim was to expand its base in India and provide its products to the huge population base.
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Other companies are also taking similar steps to strengthen their position in the market. With large number of players are taking such steps has created a fragmented vendor landscape in the global air purification systems market. Key players in the air purification systems market are
- Daikin Industries Ltd.
- Sharp Corporation
- Camfil Group
- Philips Electronics N.V.
- 3M Company
- Panasonic Corporation
- LG Electronics Inc.
- Honeywell International Inc.
- Clarcor Inc.
- Whirlpool Corporation
- SPX Flow
- Eureka Forbes
- Fumex Inc.
A new study on the global air purification systems market has been published by Transparency Market Research (TMR). It presents a wealth of information on key market dynamics, including the drivers, market trends, and challenges, as well as the structure of the global air purification systems market. TMR’s study offers valuable information about the global air purification systems market to illustrate how the market would grow during the forecast period, 2019–2027.
Key indicators of market growth, which include value chain as well as supply chain analyses, and Compound Annual Growth Rate (CAGR), are elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret quantitative growth aspects of the global air purification systems market during the forecast period.
An extensive analysis on business strategies of leading market players is also featured in TMR’s study on the global air purification systems market. This can help readers understand principal factors to foresee the growth in the global air purification systems market. In this study, readers can also find specific data on the qualitative and quantitative growth avenues for the global air purification systems market, which is expected to guide market players in making apt decisions in the future.
Key Questions Answered in TMR’s Air purification systems Market Study
- What are the key factors influencing the air purification systems market in each region?
- What will be the CAGR of the global air purification systems market between 2019 and 2027?
- What is the future scope and changing trends in technologies used in the global air purification systems market?
- Which factors are expected to impede the growth of the global air purification systems market during the forecast period?
- Which are the leading companies in the global air purification systems market?
Research Methodology – Air purification systems Market
A unique research methodology has been utilized by TMR to conduct a comprehensive research on the growth of the global air purification systems market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary sources referred to by analysts for the global air purification systems market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, service managers, CEOs, VPs, and market intelligence managers who contributed to the production of TMR’s study on the air purification systems market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from air purification systems industry leaders. Access to an extensive internal repository and external proprietary database allows this report to address specific details and questions about the global air purification systems market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on the future prospects of the global air purification systems market more reliable and accurate.
The global air purification systems market has been segmented as below:
- HEPA Purifier
- Ionic Air Purifier
- Electrostatic Precipitators
- Ultra Violet (UV) Light Purifier
- Activated Carbon Purifier
- Oil &Mist Collectors
- Smoke Collectors
- Fume Extraction
- Exhaust Filtration
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC countries
- South Africa
- Rest of Middle East & Africa
Segmentation of the Air Purification Systems Market
TMR’s study on the global air purification systems market includes information categorized into four sections - by technology, impurity, end use, and region. Changing industry trends and other crucial market dynamics associated with these sections of the air purification systems market are discussed in detail.
Ionic Air Purifier
Ultra Violet (UV) Light Purifier
Activated Carbon Purifier
Oil &Mist Collectors
Middle East & Africa