About Air Treatment Products
Over the past few decades, the demand for air pollution resistors has been increased drastically. In addition to this, increasing government reimbursements and favorable manufacturing environment for environmentally safe products will show robust business growth over the forecasted period. Air treatment products can be air purifiers, dust collectors, fume & smoke collectors, moisture eliminators, fire, and emergency exhaust systems. In addition to this, growing need for manufacturing process enhancements with the use of technologically advanced mechanical products will upsurge the demand for air treatment products across the globe. However, increased demand for hybrid vehicles especially electrical vehicles with minimum gas emission might stagnate the demand for air treatment products.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Air Treatment Products 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.The Manufacturers having a strong hold in the market are Atlas Copco, Samsung Electronics, LG Electronics, Panasonic, and Sharp. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Air Treatment Products market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Atlas Copco AB (Sweden), Samsung Electronics Co. Ltd. (South Korea), LG Electronics Inc. (South Korea), Panasonic Corporation (Japan), Sharp Corporation (Japan), Honeywell International Inc. (United States), De’Longhi S.p.A. (Italy), Winix Inc. (South Korea), General Electric Company (United States) and Emerson Electric Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Air Treatment Products market by Type (Dust Collectors, Fume/Smoke Collectors, Engine Exhaust Systems, Mist Eliminators, Fire and Emergency Exhaust Systems and Others), Application (Exhaust Air and Compressed Air) and Region.
On the basis of geography, the market of Air Treatment Products 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). Europe region held largest market share in the year 2022. North America, 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 Technology, the sub-segment i.e. HEPA Filters will boost the Air Treatment Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Manufacturing will boost the Air Treatment Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Industrialization and Urbanization across the Global Market and Growing Need for Manufacturing Process Enhancements with the Use of Technologically advanced Mechanical Products
Market Growth Drivers:
Upsurging Concerns of Air pollution and Growing Pollutant Emissions with Increasing Industrialization and Urbanization and Incremented Demand for Environmentally Effective Mechanical Equipment
Challenges:
Availability of Numerous Substitute Products and minimized Uses of Air Polluting Products and Lack of Awareness from the Underdeveloped Economies
Restraints:
Increased Demand for Hybrid Vehicles Especially Electrical Vehicles with Minimum Gas Emission and The Emergence of Energy Sources which will Minimize Air Pollution
Opportunities:
Increasing Government Reimbursements and Investments in Developing Air Treatment Products and Growing Demand for Air Treatments Products from Semiconductors and Silicon Industry
Market Leaders and their expansionary development strategies
On July 2, 2019, Atlas Copco has acquired the operating assets of MGES Inc., a service supplier of medical gas solutions including distribution and service of medical gas systems. This acquisition will allow the ability to expand the local support to healthcare and laboratory customers in the Houston and San Antonio, Texas. The business will be integrated into BeaconMedaes LLC, which is part of the Medical Gas Solutions Division in Compressor Technique Business Area.
On May 7, 2019, Samsung Electronics has expanded the ‘Samsung Advanced Institute of Technology (SAIT) artificial intelligence (AI) Lab Montreal’ in Canada. The Lab will help the company strengthen its fundamentals in AI research and drive competitiveness in system semiconductors. The AI Lab is located in Mila – Montreal Institute for Learning Algorithms was founded by Professor Yoshua Bengio at the University of Montreal.
Key Target Audience
Air Treatment Products Providers, Government and Regulatory Bodies, Market Research and Consulting Firms, Commercial R&D Institutions, Association and Industry Bodies, Conservation Professionals, Municipalities, Local and Regional Authorities 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.