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Air Treatment Products market Is Expected To Boost The Global market At A Cagr Of Around 10% : Atlas Copco AB, AMFAH Group, Samsung Electronics Co. Ltd.

10-25-2021 12:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Air Treatment Products market

Air Treatment Products market

Air treatment refers to the cleaning of air of dust, harmful gases, and bacteria, foul odors, heating, cooling, humidifying, and drying the air. Air treatment products include humidifiers, air purifiers, and dehumidifiers. Air purifiers are used to remove air pollutants from the air. Humidifiers are used to increase the level of humidity in the air, a dehumidifier is used to reduce the level of humidity in the air. Air treatment products find a wide range of applications in industrial, commercial, and residential sectors. The air purifiers are mainly used in the residential sector to reduce health concerns and for comfort.

The global air treatment products market is estimated to account for US$ 118,801.3 Mn in terms of value by the end of 2027.

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Detailed Segmentation:

Global Air Treatment Products Market, By Product Type:
Air Purifier
Humidifier
Dehumidifier

Global Air Treatment Products Market, By Application:
Residential
Commercial
Industrial

According to Coherent Market Insights’ analysis, the global construction industry is expected to witness stable growth of 4.3% per annum through 2025. Rising population and shift from joint families to nuclear families have aided growth of the construction industry. Furthermore, during construction concrete slabs with elevated moisture levels take longer time to dry, resulting in a delay in project completion. Deployment of dehumidifiers helps significantly reduce the drying time of concrete slabs, speed up painting & coating operations, and assist in the restoration of buildings after flood damage. Therefore, these factors are expected to propel the global air treatment products market growth over the forecast period.

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According to the World Health Organization (WHO), Beijing, China was the most polluted city in the world with 13 cities in India among the 20 most polluted cities worldwide. Furthermore, the WHO has raised red flags in India over degrading air quality. However, penetration of air purifiers and other air treatment products in the market is low in this region. The air purifiers market in India has grown over the last few years, albeit at a slow pace. Most customers of the products are commercial spaces, offices, institutions, and luxury hotels. Thus, the lack of adoption in emerging economies is expected to hamper the global air treatment products market growth over the forecast period.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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