Air Purification Equipment Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Air Purification Equipment Global Market Report 2023 identifies health problems due to air pollution as the major driver for the air purification equipment market's growth in the forecast period. Rising deaths and diseases caused by air pollution are generating higher demand for devices used for air purification to remove harmful pollutants in the air. According to the World Health Organization (WHO), air pollution is a major cause of death and various diseases. Air pollution is responsible for approximately 4.2 million deaths annually across the globe, mainly from heart disease, chronic obstructive pulmonary disease, lung cancer, acute respiratory infections, and stroke. In the USA alone, there are around 200,000 premature deaths annually.

The global air purification equipment market size will grow from $60.75 billion in 2022 to $66.1 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global air purification equipment market size is expected to grow to $89.05 billion in 2027 at a CAGR of 7.7%.

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Major competitors in the air purification equipment market are Daikin Industries Ltd., Sharp Corporation, Camfil Group, Philips Electronics N.V, LG Electronics Inc., Panasonic Corporation, 3M Company.

A key trend in the air purification equipment market includes Partnerships and collaborations by the industry players. Major companies are strategically acquiring start-ups and mid-sized companies in the air purification market to broaden the products and services offered by the company. Strategic collaborations and partnership agreements help companies to expand their existing product portfolio and geographical reach. For instance, in May 2022, ScentAir partnered with HealthWay to introduced DFS Compact and DFS Ultrafine, an innovative air purification system that combines HealthWay's patented Disinfecting Filtration System technology with ScentAir's service. The DFS Compact and DFS Ultrafine are fully portable in-room solutions for providing pure air.

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The air purification equipment market is segmented -
• By Product Type: Stand-Alone Air Purification Equipment, Induct Air Purification Equipment

• By Technology: HEPA, Electrostatic Precipitators, Activated Carbon, Ionic Filters, Other Technologies

• By End User: Residential, Commercial, Industrial

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the air purification equipment market.

The Business Research Company's "Global Air Purification Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Air Purification Equipment Market Include:
1. Executive Summary
2. Air Purification Equipment Market Characteristics
3. Air Purification Equipment Market Trends And Strategies
4. Air Purification Equipment - Macro Economic Scenario
5. Air Purification Equipment Market Size And Growth
……
26. Africa Air Purification Equipment Market
27. Air Purification Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air Purification Equipment Market
29. Air Purification Equipment Market Future Outlook and Potential Analysis
30. Appendix

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