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Global Industrial Air Purifier Market Size, Share and Global Outlook 2022-2030
Inkwood Research estimates that the Global Industrial Air Purifier Market is evaluated to project a CAGR of 5.56% in terms of revenue during the forecasting years of 2019-2028."Browse 37 Market Data Tables and 43 Figures spread over 200 Pages, along with an in-depth TOC on the Global Industrial Air Purifier Market Forecast 2019-2028."
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Industrial air purifiers are appliances used to maintain the indoor air quality (IAQ), across industrial spaces. Industries employ numerous workers who are continually exposed to toxic or hazardous air. Thus, installing them is essential in promoting the well-being, safety, and health of employees working in such spaces.
Increasing Need for Workers' Safety Fuels Market Growth
Industrial workers, primarily employed in small-scale enterprises, construction, agriculture, informal divisions, and several other industries, are vulnerable to diverse occupational hazards and risks. These include lung cancer, chronic obstructive pulmonary disease (COPD), and asthma, among others. Moreover, the incidence of such disorders is constantly rising due to insufficient enforcement of occupational health and safety regulations. According to the World Health Organization (WHO), industrial risks like carcinogenic agents, noise, airborne particles, and ergonomic hazards cause 9% of lung cancer and 13% of COPD cases, in addition to other conditions like asthma, depression, hearing loss, and leukemia. Thus, to overcome such challenges, industries must ensure suitable working conditions and maintain the air quality and comfort levels for employees and other work personnel.
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Metal Processing to be the Leading Industry Vertical by 2028
Metal processing or metalworking industries entail processes such as metal cutting, shaping, stamping, and grinding. These operations, including buffering and polishing, generate a large amount of airborne dust. Employees working in such industries are thus, exposed to potential health risks like bronchitis, asthma, and other respiratory and neurological diseases. As a result, the need to deploy industrial air purifiers, especially in metal processing industries, is crucial. Moreover, the increased demand substantially contributes to the industrial air purifier market growth.
Asia Pacific - The Prominent Market in terms of Revenue & CAGR
Deteriorating air quality due to increasing pollution in emerging countries, in addition to industrialization, growing infrastructure projects, and the surging use of fossil fuels, bolsters the demand for air purifiers, in the Asia Pacific. For instance, the rising consumption of coal for power generation has led to an increase in soot and degradation of air quality in China. Consequently, this has propelled the growth of industrial air purifiers in the country. Moreover, industrial developments and increasing purchasing powers are crucial drivers of the region's industrial air purifier market growth.
Product differentiation within the industrial air purifier market is significant, and leads to high competition between rivals. As a result, the intensity of industrial rivalry is high. Prominent companies in the market include, Trotec GmbH, Euromate BV, Parker Hannifin Corporation, Daikin Industries Ltd, Honeywell International Inc, etc.
Related Reports:
GLOBAL AIR QUALITY CONTROL SYSTEMS MARKET
GLOBAL PORTABLE AIR PURIFIER MARKET
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