Global Air Purification Systems Market Analysis, Growth Drivers, and Future Prospects till 2024

An extensive forecast study, titled “Air Purification Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” has been broadcasted to the online repository of Market Research Reports Search Engine (MRRSE). This 232-page precise study encapsulates valuable details about the market current scenario as well as its future projections on a global and regional level. It further intensely aims to provide major insights into the market’s growth throughout the above-mentioned forecast period in terms of volume and revenue (in US$ Mn). Moreover, the research also investigates market expansion in some of the prime regions such as North America, Europe, Asia Pacific, South America, and Middle East & Africa (MEA).

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The global air purification systems market is treading a growth path as quality of air continues to deteriorate amid rising infrastructural development, urbanization, and industrialization especially in developing countries. Alarming rate of deterioration of indoor air quality (IAQ) in large cities in Asia Pacific such as Beijing and Delhi is necessitating the use of air purification solutions. In additional, increasing vehicular pollution due to burning of conventional fuels calls for air purification solution. Air pollution poses high risk of health hazards to the human race; almost six million deaths each year globally are related to poor air quality.

At present, health awareness is generally increasing among consumers. Approximately 90% of the global population breathes air that is below the standard acceptable by World Health Organization. Air pollution is considerably related to health hazards such as severe asthma, burning sensation in eyes, throat irritation, and allergic respiratory diseases. The need to maintain air quality in commercial and residential spaces is stoking the demand for air purification systems. Considering the importance of air purification solutions for environmental and health considerations, the global market for air purification systems is likely to clock a CAGR of 8.39% between 2017 and 2024.

Concerns of Serious Health Hazards Drives Adoption in Industrial Settings

Apart from this, stringent industrial emission statutes in both developed and developing countries to curb industrial pollution hazardous to the health of workers is mandating air purification solutions. High air polluting industries such as locomotive and chemicals need to be equipped with monitoring system for emissions to be within limit. The introduction of green eco-friendly air purifiers has stepped up air purification activities. These purifiers do not emit harmful gases that can be hazardous to health.

However, on the downside, generation of harmful by-products is slowing the adoption of air purification systems. Ionic air purifiers generate ozone as a by-product. Ozone is associated with lung irritation, throat irritation, and discomfort in chest. High prices of air purifiers is also acting as a restraint to the growth of air purification systems market.

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Nevertheless, rising air pollution in emerging economies due to rampant industrialization and urbanization will provide ample growth opportunities for vendors of air purification systems in the years ahead. Emerging economies such as China and India in Asia Pacific are expected to be major market for air purification systems. This is to address the rising concerns of serious health hazards associated with industrial emissions and vehicular pollution. In addition, residential air purification which is currently at nascent stage is also pacing up.

Expansion of Retail and Distribution Channels Fuels Growth in Emerging Economies

Technological advances and efforts of product manufacturers for a diverse product portfolio are also aiding the growth of air purification systems market. Apart from this, expansion of distribution channels and retailers especially in emerging economies is stoking the adoption of air purification systems. Several leading players that operate globally are penetrating into regional markets by means of tie-ups with local and regional distributors and retailers.

Among the key technology segments, HEPA purifier holds prominence owing to efficiency of HEPA filter and its compatibility with other air purifiers. Dust collector, among various impurity segments hold leading market share due to a host of factors accounting for accumulation of dust contaminants in the air. Industrial stands as the leading end-use segment mainly because of expanding industrial activities in emerging economies.

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