About Air Purification Systems
Air Purification Systems is a device that removes pollutant and contaminants from the air in a room. Air Purification Systems market has high growth prospects due to demand for various verticals such as relatively less maintenance as compared to air cleaners. According to World Health Organization, 4.3 million people every year died around the globe because of indoor air pollution, so the future for utilization of air purification systems looks promising. Further, growing Air Purification Systems advantages are fuelled up the opportunities for the players engaged in the better industrial and commercial activities in different regions.Alternatively, rising government investments and increasing environmental concerns are projected to offer lucrative growth opportunities to the air purification systems market in the future.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
CAGR | 7.5% |
Air Purification Systems market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Air Purification Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), Air Products and Chemicals, Inc. (United States), Alfa Laval AB (Sweden), Camfil Group (Sweden), Clarcor Inc. (United States), Clean Teq Holdings Limited (Australia), Daikin Industries, Ltd. (Japan), Eureka Forbes (India), Fumex Inc. (United States), Honeywell International Inc. (United States) and LG Electronics (South Korea) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Mann+Hummel GmbH (Germany), Panasonic Corporation (Japan), Philips Electronics N.V. (The Netherlands), Sharp Corporation (Japan) and SPX Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Air Purification Systems market by , Application (Automotive, Construction, Healthcare, Industries and Others) and Region.
On the basis of geography, the market of Air Purification Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Impurity, the sub-segment i.e. Oil &Mist Collectors will boost the Air Purification Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technologies, the sub-segment i.e. HEPA Filter will boost the Air Purification Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Collaboration and Tie Up Of Leading Players and Changing Lifestyle Standard Fueled By Rise in Disposable Income
Market Growth Drivers:
Increasing Number of building and construction projects., Growing Urbanization leads to boost the Air Purification Systems. and Penetration of Internet Traffic at APAC Region
Challenges:
Limitation Due To strict government laws Are Anticipated to Challenge the Market. and Side Effects Associated within Submarine Fiber Cables.
Restraints:
Lack of Awareness among the Customers. and High Equipment Cost Associated Within Air Purification Systems.
Opportunities:
Proliferation of Inter-country and island Power Connections Leads to Grow the Market. and Upsurge Demand due to pollution free Environment.
Market Leaders and their expansionary development strategies
In May 2019, Dürr acquired Megtec. This acquisition is beneficial in providing product portfolio in exhaust air purification technology for different environment conditions.
In March 2019, SHARP launched an Innovative Air Purifier cum Humidifier ‘KC-G40M’ in India which is beneficial in providing smart holistic cleaning of the indoor air using dual technology. It also offers comfortable humidity level through natural evaporation technique, helpful in maintaining body hydration thus reducing skin, eye, throat dryness and sinus issues. and In September 2019, Bonphul Air Products launched a new range of Air Purifiers known as “Astria” which is beneficial in providing energy efficient air purifier with affordable price.
Key Target Audience
Air Purification Systems Manufacturers, Air Purification Systems Traders, End-Use Market Participants of Different Segments of Air Purification Systems, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.