Air Treatment Market worth USD XX Bn in 2019

Published | 21 November 2020

According to BlueWeaveCon, the global Air Treatment market has reached USD XX billion in 2019 and is further projected to reach USD XX billion by 2026, growing at a CAGR of 8.9% during the forecast period. The growth of this market is propelled by the increasing demand from manufacturing, automobile, oil & gas, and power generation industries. Additionally, the growth of the air treatment market is majorly driven by increasing industrialization and urbanization, stringent regulations governing emissions and treatment of industrial effluents, and the need for achieving high efficiency with mechanical equipment and factory processes. Meanwhile, factors such as rising health concerns & deteriorating indoor air quality are expected to drive the market.

Increasing air treatment product demand in high-income countries are boosting the air treatment market

The demand for air purifiers in the middle- and low-income countries is less compared to high-income countries. This can be attributed to the fact that air purifier is a luxury rather than a necessity. Moreover, the high cost of adoption and maintenance can limit product adoption in such countries. However, increasing spending power and rising disposable income are likely to increase the adoption of air purifiers over the coming years. Thus, the increasing utilization of air treatment products is boosting the air treatment market.

Increasing per capita disposable income is driving the growth of the air treatment market

Increasing air pollution is one of the major factors causing long-term respiratory diseases and premature deaths. Increasing per capita disposable income along with rising health awareness among consumers are factors driving the growth of the global air treatment products market. With continuous growth in urbanization and industrialization, several Air Treatment System devices are getting deployed in a large number of sectors. Also, with the introduction of strict rules and regulations related to the emission of industrial wastes and their treatment, the Air Treatment System market is rising at an exponential rate. Moreover, an increase in the adoption rate of Air Treatment System during semiconductor fabrication is expected to create tremendous opportunities for Air Treatment System market further.

Exhaust air application segment occupied the largest share of the air treatment market

The exhaust air application segment account is expected to exhibit the fastest growth in the air treatment market due to as air purifiers are not only used to purify the quality of air but also exhaust emissions, smoke, VOCs, and other chemical vapors. While air treatment is the method/technology of purifying the pollutants and harmful emissions out of the environment. This method can be used with several different products and installed in houses, factories, and the open environment as well. The rising level of pollutants and the rise in industrialization has led to rapid demand for air treatment methods and products. Thus, the air purifier usage is increasing for removing exhaust air which is boosting the air treatment market.

Global Air Treatment Market: Regional insights

The Asia Pacific dominated the market and accounted for a major share of the global revenue in 2019. Rapid industrialization, urbanization, rising disposable income, and increasing awareness regarding the harmful effects of air pollution are anticipated to increase the adoption of air purifiers over the forecast period. China is growing at an exponential rate in terms of manufacturing devices working on renewable energies. However, it still accounts for approximately 50% of the world’s coal consumption. As a result, clean indoor air is becoming extremely important in China. Many building managers are providing air filters in offices and offering indoor air quality assessments for top tier companies. All these factors are anticipated to stimulate market growth over the forecast period.

The leading players” in the Air Treatment market include Freudenberg & Co. KG, Donaldson Company Inc., PARKER HANNIFIN CORP, Ahlstrom-Munksjö, MANN+HUMMEL, Cummins Inc., Camfil, Atlas Copco AB, Honeywell International Inc., 3M, Unilever, Foxconn Electronics Inc., DAIKIN INDUSTRIES Ltd., Robert Bosch GmbH, SAMSUNG, LG., Panasonic Corporation, De’Longhi Appliances S.r.l., Winix Inc. & Emerson Electric Co. Key players in the global air treatment products market are focusing on enhancing their global presence by entering or expanding their footprint in largely untapped countries such as India, China, and other southeast nations. Manufacturers are focusing on capitalizing on economies of scale in these regions to increase production, profitability, and offer cost-effective products to target the cost-sensitive populace in the region.

Don’t miss the business opportunity of the Air Treatment market. Consult our analyst, gain crucial insights, and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of global Air Treatment market size & forecast. The report promises to provide recent technology trends in the Air Treatment market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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