Air Purification Systems Market Shows Huge Demand and Future Scope Including Top Players 2027

October 29 00:30 2021
Air Purification Systems Market Shows Huge Demand and Future Scope Including Top Players 2027
Air Purification Systems Market
Air purification systems market is expected to grow with a CAGR of 11.2% from 2019 to 2027, the global market in developing regions is primarily driven by the increasing urbanization and industrialization especially in China and India along with the degrading air quality

The global air purification systems market is expected to grow with a CAGR of 11.2% from 2019 to 2027. The global air purification systems market in developing regions is primarily driven by the increasing urbanization and industrialization especially in China and India along with the degrading air quality, followed by growing concerns regarding harmful effects of air pollution on human health in these countries. Obligation to follow strict laws pertaining to toxic emission control is also a major factor contributing to the growth of air purification systems. Emerging economies such as China and India are going to be a major market for air purification systems. Rising concerns are related to health such as asthma, respiratory disorders, and allergies due to degrading air quality. Government initiative to control the air pollution create lot of opportunity for new entrants and existing manufacturers

Dust collectors (exhaust filtration) remove dust impurities and other allergen particles from air or gas. There is increased demand for this type of air purification system and it will continue to dominate the market due to increasing industrial and commercial activities in different regions. The major reason for the growth of this segment is the need to make indoor air dust free from impurities.

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Some of the key players in presented in the report are Camfil Group, 3M Company, Philips Electronics N.V., Panasonic Corporation, Mann+Hummel, LG Electronics Inc., SPX Flow, Clarcor Inc., Honeywell International Inc., and Whirlpool Corporation.

Global air purification systems market size was valued US$ 8.45 Bn in 2018 and expected to reach US$ 21.9 Bn in 2027. North America was valued to be the largest region in 2018 and expected to maintain its dominance in coming years.

Key Trends Augmenting Growth for Air Purification Systems

Decrease in Indoor Air Quality (IAQ) and haze to increase demand for air purifiers in Asia

Pacific region

Decrease in indoor air quality (IAQ) level at alarming rate in major cities such as Delhi and Beijing and other metros in India and China respectively are propelling the demand for air purification systems during the forecast period.

Haze is produced in the atmosphere through forest fires, burning of agriculture products and dry weather. Haze is a major problem in South East Asia and other Asia Pacific regions. Rising incidents of haze is a major factor leading to increasing demand for air purifiers in Asia Pacific region

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Rising Health Issues Due to Air Pollution

Air pollution causes health hazards such as severe asthma, throat irritation, burning sensation in eyes, bronchitis, and allergic respiratory disorders. Therefore, it is vital to maintain clean and healthy air in residential and commercial environment. This is likely to boost the demand for air purification systems. Long-term sick people, elderly and children are majorly affected by health hazards caused by air pollution. Residential air purifiers are mainly purchased for the above consumer segments.

In terms of region, Asia Pacific is projected to lead the global air purification systems market. Increasing building and construction projects in China, India, Japan, and other countries is the major factor behind the rise of air purification systems in Asia Pacific. Moreover, rising cases related to health including asthma and other respiratory cases have also lead the demand for air purification systems in this region.

The study presented here is based on a report by Transparency Market Research (TMR) titled “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”.

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

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Ongoing Studies in Air Purification Systems Market Reiterate Health Benefits

Air purification systems are used in filtering a variety of pollutants and particles that may cause clinically significant health problems. They are popularly used in indoor spaces for filtering pet dander, dust, smoke, and pollen, thereby reducing the pollution. Currently available air purification systems also filter out volatile organic compounds (VOCs). Residential buildings make regular use of adhesives, cleaning products, and paints. Frequent exposure to VOC may lead to various respiratory problems, lung cancer, and also decline in survival rate in patients suffering with these conditions. The growing awareness about the role of air purification systems is thus driving the revenue prospects for all players in the air purification systems market. Several studies over the decades have established the health problems populations suffer from uncontrolled pollution. For instance, exposure to some of the gases that are also common residential pollutants may up the risk of lung cancer. Filters used in air purification systems have undergone continuous technological advances over the years, enriching the product development landscape. HEPA filters are a case in point which have at the forefront of filtering technologies. Despite the vast potential these technologies have shown in purifying ambient air, there need to be more long-term studies to establish their health effects.

The global business landscape has been disrupted by the emerging COVID-19 pandemic. Economic activities in numerous countries had to stop to help governments to prevent community transfer of the novel Coronavirus. In recent months, new variants have come, bringing the revival of uncertainties in demand and consumption volumes, including in industries operating in the air purification systems market. This has kept manufacturers and retailers in the market sceptical of their profit margins. After the lockdowns were eased in some economies in 2020, there has been growing awareness about the health repercussions of living in environments with high percentage of pollutants. This in a way proved optimistic for manufacturers and vendors in air purification systems market.

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