Global Air Purification Equipment Market Comprehensive Study: Forecasted Market Size And Growth Rate | Daikin Industries Ltd., Sharp Corporation, Camfil Group, Philips Electronics N.V., LG Electronics Inc.,

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Air Purification Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The air purification equipment market size has grown strongly in recent years. It will grow from $65.35 billion in 2023 to $71.33 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to increasing awareness of air quality, industrialization and urbanization, government regulations, health concerns.

The air purification equipment market size is expected to see strong growth in the next few years. It will grow to $98.79 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to sustainability and green initiatives, climate change and natural disasters, growing demand for smart homes, aging population, air quality monitoring. Major trends in the forecast period include technological advancements, smart and connected devices, hepa and advanced filtration, customization and personalization, portable and compact designs.

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Market Segmentation:
The main product types of air purification are stand-alone air purification equipment and induct air purification equipment. An in-duct air purifier will be installed directly into the air duct path. It will be installed either before or after the air handler in homes with a central HVAC unit. The technologies involved are HEPA, electrostatic precipitators, activated carbon, ionic filters, and other technologies. The various end-users involved are residential, commercial, and industrial.

Major Driver - Health Impacts Of Air Pollution Fueling Demand For Air Purification Equipment
Increasing health problems due to air pollution is projected to boost the demand for the air purification equipment market. 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), a Switzerland-based specialized agency of the United Nations responsible for international public health, 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. Moreover, air pollution is alone responsible for 29% of lung cancer, 43% of chronic obstructive pulmonary disease, 17% of acute lower respiratory infection, and 24% of stroke of all deaths and diseases worldwide. The increase in impurities in the air is expected to drive the demand for the air purification equipment market during the forecast period.

Competitive Landscape:
Major companies operating in the air purification equipment market include Daikin Industries Ltd., Sharp Corporation, Camfil Group, Philips Electronics N.V., LG Electronics Inc., Panasonic Corporation, 3M Company, Mann+Hummel, Honeywell International Inc., Clarcor Inc., Whirlpool Corporation, SPX Flow, Eureka Forbes, Electrocorp, Fumex Inc.

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Top Trend - Strategic Collaborations And Partnerships Driving Expansion In The Air Purification Equipment Market
Major companies are strategically entering partnerships and collaborations with 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 expand their existing product portfolio and geographical reach. For instance, in May 2022, ScentAir Technologies, LLC, a US-based scent solution provider, partnered with HealthWay to introduce 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. HealthWay is a US-based air purification solution provider.

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

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