Press release
Air Purification Systems Market Forecast 2024-2030: Projected Growth from USD 21.56 Billion to USD 36.12 Billion
๐๐ข๐ซ ๐๐ฎ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:Air purifiers, integral devices designed to enhance indoor air quality, operate by drawing in polluted air, filtering it through various internal mechanisms, and then recirculating the clean air back into the environment. These systems play a crucial role in mitigating health risks associated with poor air quality, such as respiratory infections, asthma, and neurological issues. According to the Centers for Disease Control and Prevention (CDC), asthma affects approximately 1 in 12 people in the U.S., highlighting the significant role air purifiers play in managing airborne irritants like dust, pollen, and pet dander. Most air purification systems feature high-efficiency particulate air (HEPA) filters, with some incorporating activated carbon or UV light filters to offer enhanced air purification. Advanced models may utilize a combination of these filters to ensure comprehensive air cleaning.
๐๐ข๐ซ ๐๐ฎ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ญ๐ข๐๐ข๐ฉ๐๐ญ๐๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก (๐๐๐๐):
The market for air filtration systems was estimated to be worth USD 21.56 billion in 2023. From 2024 to 2030, the market's total revenue is projected to increase at a compound annual growth rate (CAGR) of 7.65%, or close to USD 36.12 billion.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ซ๐ฎ๐๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/request-sample/12123/
๐๐ข๐ซ ๐๐ฎ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐๐ง๐๐ซ๐๐๐ฌ๐ ๐จ๐ซ ๐๐๐๐ซ๐๐๐ฌ๐ ๐๐จ๐ซ ๐ฐ๐ก๐๐ญ ๐๐จ๐ง๐ญ๐๐ข๐ง๐ฌ :
The driving forces behind the Air Purification Systems Market include a growing awareness of indoor air quality and technological advancements. Increased concern over health impacts from pollution and the rise of respiratory ailments have heightened the demand for effective air purification solutions. Technological innovations, including the integration of smart features and Internet of Things (IoT) connectivity, are enhancing product functionality and appealing to modern consumers. Additionally, the push towards sustainable living is fostering the development of energy-efficient and eco-friendly air purifiers. Government regulations and initiatives aimed at improving air quality are also contributing to market expansion, as manufacturers strive to meet stringent compliance standards.
Despite these opportunities, the market faces several challenges. Technological hurdles in developing air purification systems capable of addressing a wide range of pollutants, including particulate matter, volatile organic compounds (VOCs), and microorganisms, remain significant. High upfront costs of advanced air purification technologies can deter potential buyers, especially in cost-sensitive markets. Moreover, the costs associated with maintenance, filter replacements, and the rapid pace of technological advancements pose challenges for manufacturers. Companies must continually innovate to stay competitive while navigating regulatory requirements and compliance issues.
๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/12123/
๐๐ข๐ซ ๐๐ฎ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Dust collectors
Fume & smoke collectors
Vehicle exhaust
Mist eliminators
Fire/Emergency exhaust
Others
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
ะะะ ะ
Electrostatic precipitator
Activated carbon
Ionic filters
Others
Through Technology Throughout the projection period of 2024 to 2030, the HEPA segment emerged as the dominating player in the air purification systems market. High-Efficiency Particulate Air (HEPA) filter air purification devices are in high demand due to growing awareness of the health risks associated with poor indoor air quality. Consumer concerns about airborne allergies, pollutants, and poisons are growing, and HEPA filtration is being recognized as a useful remedy. The HEPA market has expanded in a number of contexts, including commercial, residential, industrial, and healthcare environments. In order to ensure safer and cleaner air settings, it is being more widely adopted in public buildings, hospitals, workplaces, and educational institutions.
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ
Industrial
Residential
Commercial
The market for air purification systems is segmented into three categories based on end-use: commercial, residential, and industrial. In 2023, the commercial sector is expected to hold a significant share of 43% of the market. In this category, air purifiers are widely used in a wide range of establishments, such as hotels, colleges, hospitals, businesses, shopping centers, movie theaters, and schools. Because they are so good at getting rid of smoke, smells, and airborne particles, air purifiers with activated carbon and High-Efficiency Particulate Air (HEPA) technology are common, especially in hotels and restaurants. In these commercial settings, this use greatly improves the general quality of the air.
๐๐ข๐ซ ๐๐ฎ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐:
The report provides a comprehensive overview of the Air Purification Systems market, encompassing both global and regional market sizes, shares, and presence. It defines and introduces the Air Purification Systems market, discussing proactive management strategies. The report thoroughly analyzes current trends, drivers, challenges, constraints, and opportunities to forecast the future potential of the Air Purification Systems market. It includes detailed insights into key players, their market sizes, shares, growth rates, revenues, production volumes, and profitability across different regions, illustrating the market's structure. Utilizing SWOT analysis, the report identifies strengths and weaknesses within the Air Purification Systems market. Market engineering techniques, employing both top-down and bottom-up approaches along with triangulation methods, are used to estimate and forecast market segments and sub-segments as outlined in this study.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ (๐๐จ ๐๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐ญ๐ซ๐ฎ๐๐ญ๐ฎ๐ซ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ [๐๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ + ๐๐๐]): https://www.maximizemarketresearch.com/request-sample/12123/
๐๐ข๐ซ ๐๐ฎ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
In 2023, the Asia-Pacific region emerged as the leading market for air purification systems, capturing the largest share of 42.18% of total revenue. This dominance is driven by rapid urbanization, industrialization, and a large, increasingly affluent population. According to the Clean Air Coalition, East Asia and South Asia account for a significant portion of global premature deaths due to air pollution. Issues such as inadequate emission regulations and pollution from industrial and transportation sources contribute to poor air quality in these regions. Countries like China and India are expected to see increased adoption of air purifiers as they address these challenges. Advances in particle sensor technology, coupled with rising investments and supportive government policies, are fueling the growth of the market in Asia-Pacific.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
The market is characterized by intense competition among key players who employ various strategies such as product innovation, mergers, acquisitions, and partnerships. Companies like Xiaomi Corp., TSMC, and Samsung are leading the way through significant investments in research and development, and strategic collaborations. For instance, in March 2023, Xiaomi Corp. launched the MIJIA full-effect air purifier in China, known for its high air volume production and exceptional virus elimination capabilities.
๐๐ข๐ซ ๐๐ฎ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Key Players of the Air Purification Systems Market profiled in the report include
North America Air Purification Systems Market Leading Players:
1. Jarden Corp. - (United States)
2. Honeywell International Inc. - (United States)
3. Amway - (United States)
Europe Air Purification Systems Market Leading Players:
1.Philips NV - (Netherlands)
2.Blueair - (Sweden)
3.Electrolux - (Sweden)
APAC Air Purification Systems Market Leading Players:
1. Sharp Corp. - (Japan)
2. Panasonic Corp. - (Japan)
3. Daikin Industries - (Japan)
4. Airdow Technology - (China)
5. Airmate Electrical - (China)
6. Beijing YADU Indoor Environmental Protection Science & Technology - (China)
7. Broad Air Quality Technology - (China)
8. Daikin - (Japan)
9. Gree Electric Appliances - (China)
10. Guangdong Midea Electric Appliances - (China)
11. Haier Electronics Group - (China)
12. Hitachi - (Japan)
13. Plaston - (Sweden)
14. Qingdao - (China)
15. Funglan Environmental Protection & Technology - (China)
16. Shenzhen Rainbow Fine Chemical Industry - (China)
๐๐๐๐๐ฌ๐ฌ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ + ๐๐ข๐ฌ๐ฎ๐๐ฅ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/market-report/air-purification-systems-market/12123/
๐๐๐ฒ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ง๐ฌ๐ฐ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ซ ๐๐ฎ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ซ๐:
What is the growth rate of the Air Purification Systems market?
What segments are covered in the Air Purification Systems market report?
What are the factors driving the Air Purification Systems market growth?
Which are the top players in the Air Purification Systems market?
What are key growths strategies that were implemented by key players to dominate the Air Purification Systems Market?
Which region is expected to dominate in the Air Purification Systems Market?
๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฅ๐๐ฏ๐๐ง๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐๐ฃ๐๐๐ญ๐ฌ:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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