Global Air Purification Systems Market Set to Soar to USD 21.9 billion by 2027, at a CAGR of 11.2% - TMR Study

The global air purification systems market is expected to grow from USD 8.45 billion in 2018 to USD 21.9 billion by 2027, at a CAGR of 11.2% during the forecast period. The growth of the market is driven by the increasing air pollution levels, rising awareness of the health hazards of air pollution, and growing disposable incomes.

The Global Air Purification Systems Market is a rapidly growing industry that addresses the critical need for clean and healthy indoor air. These systems are designed to remove contaminants, pollutants, and allergens from the air, providing improved indoor air quality for residential, commercial, and industrial settings. This research report provides a comprehensive analysis of the Global Air Purification Systems Market, covering market dynamics, trends, growth drivers, challenges, and competitive landscape.

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Market Trends

The following are some of the key trends in the global air purification systems market:

• Increasing demand for air purification systems in developing countries: Air pollution levels are high in many developing countries. This is driving the demand for air purification systems in these countries.
• Growing adoption of smart air purification systems: Smart air purification systems are equipped with sensors that can monitor air quality and adjust the settings of the system accordingly. This is driving the adoption of smart air purification systems in homes and offices.
• Rising demand for air purification systems in the healthcare sector: Air pollution is a major health risk. This is driving the demand for air purification systems in the healthcare sector to improve indoor air quality and protect patients and staff from the harmful effects of air pollution.

Market Challenges

The following are some of the key challenges in the global air purification systems market:

• High cost of air purification systems: High-quality air purification systems can be expensive. This can limit the adoption of air purification systems in developing countries and in price-sensitive markets.
• Lack of awareness about the benefits of air purification systems: Many consumers are not aware of the health benefits of using air purification systems. This can limit the adoption of air purification systems in households.
• Maintenance requirements: Air purification systems require regular maintenance to ensure that they are working properly. This can be a challenge for some consumers.

Key Players

Key players in the air purification systems market include manufacturers, healthcare institutions, commercial building operators, and consumers. Prominent organizations in this market include:

• Daikin Industries Ltd.
• Sharp Corporation
• Camfil Group
• Philips Electronics N.V.
• 3M Company
• Panasonic Corporation
• LG Electronics Inc.
• Mann+Hummel
• Honeywell International Inc. and more

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Market Segmentation

The air purification systems market can be segmented based on various criteria, including technology type, application, end-user, region, and more:
• Technology Type: Air purification systems use various technologies, including High Efficiency Particulate Air (HEPA) filters, activated carbon filters, ultraviolet (UV) germicidal irradiation, and more.
• Application: They are used in residential, commercial, and industrial settings for air quality improvement.
• End-User: End-users include households, healthcare facilities, schools, offices, manufacturing plants, and more.
• Region: The market spans regions such as North America, Europe, Asia-Pacific, and Latin America.

New product development (continued):

• Air purification systems that are more effective at removing specific pollutants, such as PM2.5 and VOCs.
• Air purification systems that are more affordable and easy to use.
• Air purification systems that are designed for specific applications, such as healthcare settings, schools, and offices.

Expansion into new markets:

• Air purification system manufacturers are expanding into new markets, such as emerging economies, to capitalize on the growing demand for air purification systems in these regions.
• Air purification system manufacturers are also expanding into new product categories, such as portable air purifiers and air purifiers for cars.

Acquisitions and mergers:

• Air purification system manufacturers are acquiring and merging with other companies to expand their product offerings and geographic reach.
• Air purification system manufacturers are also acquiring and merging with companies that specialize in other technologies, such as sensors and software, to develop more advanced air purification systems.

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Reasons to Buy The Air Purification Systems Market Report: -

1.Regional report analysis highlighting the consumption of products/services in a region also shows the factors that influence the market in each region.

2.Reports provide opportunities and threats faced by suppliers in the Air Purification Systems industry around the world.

The report shows regions and sectors with the fastest growth potential.

3.A competitive environment that includes market rankings of major companies, along with new product launches, partnerships, business expansions, and acquisitions.

4.The report provides an extensive corporate profile consisting of company overviews, company insights, product benchmarks, and SWOT analysis for key market participants.

5.This report provides the industry's current and future market outlook on the recent development, growth opportunities, drivers, challenges, and two regional constraints emerging in advanced regions.

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