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Industrial Air Purifiers Market Projected to Reach $4,164.2 Million by 2027, with a 5.8% CAGR Growth

02-20-2024 09:43 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Industrial Air Purifiers Market Projected to Reach $4,164.2

The global industrial air purifiers market size is expected to reach $4,164.2 million in 2027, from $2,711.0 million in 2019, growing at a CAGR of 5.8% from 2020 to 2027.

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The global demand for air purifiers is on the rise due to increasing concerns about airborne diseases and escalating air pollution levels. Air purifiers play a crucial role in purifying the air by eliminating dust, gases, viruses, odors, smoke, volatile organic compounds, and other pollutants. These devices are extensively used across commercial, residential, and industrial settings to ensure clean and healthy indoor air quality.

In industrial environments, air purification systems are employed to maintain air quality in plants, manufacturing units, and specific areas where various processes generate particulates, vapors, and fumes. Consequently, the global industrial air purifier market is projected to grow at a compound annual growth rate (CAGR) of 7.09% from 2022 to 2030. Factors such as the economic impact of deteriorating air quality, growing health concerns due to air pollution, and the increasing emphasis on worker safety are driving market growth.

The industrial air purifier sector is focused on enhancing maintenance requirements, cost-effectiveness, and purification capabilities. Key research trends include the development of new catalysts for cost-effective fabrication and energy-efficient operations, both portable and non-portable air purification systems, nanostructured catalysts for enhanced purification efficacy, and bio-based air purification designs.

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The COVID-19 pandemic has underscored the importance of sanitizing indoor air, as research indicates that the novel coronavirus is airborne and can remain suspended in the air for extended periods. Indoor spaces, especially those with air conditioning, are at a higher risk of virus transmission due to poor ventilation. Therefore, air filtration and purification have become imperative for enclosed public spaces such as schools, offices, hotels, gyms, and restaurants. In industrial settings, air purification systems protect employee health and equipment assets while ensuring a clean and safe indoor environment.

Amid rapid developments and innovations in the environmental services industry, identifying the most effective industrial air purifier technology is essential.

Key market players in the air purifier industry are investing in research and development to expand their consumer base. They are adopting strategic initiatives such as new product launches, contractual agreements, mergers, acquisitions, and collaborations to capitalize on market opportunities. Major players are also focusing on reducing product prices by optimizing their operations and supply chains.

Companies like Sharp Corporation, Dyson, Panasonic Corporation, Honeywell International Inc., Midea Group, and Xiaomi Inc. are enhancing their product portfolios to meet the diverse needs of end-use industries. Xiaomi Corporation Inc., for instance, is a leading manufacturer of smartphones and innovative hardware with a focus on delivering a higher-quality user experience and operational efficiency. With a wide range of intelligent devices connected to its platform, Xiaomi continues to innovate and expand its presence in the global market.

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In conclusion, the industrial air purifier market is witnessing significant growth driven by increasing awareness of indoor air quality and the need for effective air purification solutions. Key players are leveraging technological advancements and strategic partnerships to meet evolving consumer demands and maintain a competitive edge in the market.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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