(MENAFN- Ameliorate Digital Consultancy)
According to recent market research reports, the global air purification market is expected to reach a valuation of US$ 142.93 Billion by 2032, growing at a CAGR of 17.7% from 2022 to 2032. The increasing levels of air pollution, growing health concerns, and the rise in respiratory diseases are some of the major factors driving the market growth.
With the COVID-19 pandemic, there has been an increased awareness of the importance of clean air, further accelerating the demand for air purifiers. According to a report by Mordor Intelligence, the COVID-19 pandemic is expected to boost the global air purification market by USD 1.6 billion from 2020 to 2021.
“We are committed to providing our customers with the highest quality air purification solutions that are both efficient and effective,” said [Company Name] CEO.“With the increasing concerns around air pollution and the COVID-19 pandemic, we believe our products can make a significant impact in improving the health and well-being of individuals and communities.”
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The prominent companies partaking in the global Air Purification market share include American Air & Water Inc., Daikin Industries Ltd., Eureka Forbes Ltd., Hitech Ultraviolet Pvt. Ltd., Honeywell International Inc., IQAir, Koninklijke Philips N.V., Panasonic Corporation, LG Electronics, and Sharp Corp., among others
Air Purification Market Recent Developments:
In May 2021, Daikin launched Air Purifiers, portable room air purifiers designed to enhance the indoor air quality for the Middle East and Africa. Two models are introduced by the company, namely the premium and economy models.
In October 2020, Koninklijke Philips N. V. announced 'The Urban Living Series', a new line of air purifiers in India. These air purifiers feature VitaShield and AeraSense Intelligent technologies for superior indoor pollutant class filtration.
Market Dynamics:
Drivers
The demand for filter installation in all vehicles has increased dramatically as a result of the automotive industry's ongoing expansion, which eventually drives up filter demand. Trends including vehicle miles travelled, vehicle parks, and filters built into the vehicles all have an impact on growth.
The advantages of these filters for aftermarket services are another factor contributing to their strong demand in the automotive sector. The filters are generally utilised to clean the internal combustion engines and boost efficiency while preserving vehicle engine components from dangerous dust particles. An air filter works to filter the air that the engine inhales over the course of several strokes.
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Opportunities
Based on dust-holding ability, consistent airflow supply, and filtering effectiveness, air purifier manufacturers compete. The end user is leaning towards environmentally friendly options, such as the use of washable and reusable air purifiers. These filters restrict microbiological growth, which is a unique property that helps them minimise dangerous emissions while delivering great indoor air quality.
According to the International Green Building Council, Australia and Ireland are the two nations putting the most emphasis on green buildings, each with a focus rate of about 46%. The rising nations are placing a lot of emphasis on offering products for air purification that are energy-efficient. As a result, the market for air filters is expanding due to the rising demand for green buildings and greater installation of reusable filters.
PMR predicts that the commercial business will present chances for the suppliers of air purifiers that would be financially rewarding. Commercial air purifiers are utilised in a variety of settings, including theatres, academic buildings, hotels, retail centres, conference rooms, and other spaces. To get rid of dangerous contaminants, food and restaurant establishments utilise purifiers with activated carbon and high-efficiency particulate air (HEPA).
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Regional Insights:
North America, which is further led by the United States, currently holds the majority of the global market for air purifiers with a market share of 21.2% in 2022. In the United States, rising airborne disease cases and increased pollution levels have led to an increase in product demand. People are using air purifiers more frequently to improve the quality of the air inside their homes. Throughout the projected period, it is expected that the North American air purification market would increase at a CAGR of 17.6%.
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Expert analysis, actionable insights, and strategic recommendations – the industrial automation team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on IT & Telecommunications of which 100+ reports specific for IT & Telecommunications. The team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the IT & Telecommunications industry.
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