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Air treatment Product
Integration of Smart Technologies with Modern Air Treatment Products Paves the Way Forward
ROCKVILLE PIKE, MD, UNITED STATES, June 17, 2024 /EINPresswire / -- As per a new
industry analysis by Fact, a
market research and competitive intelligence provider, the global air treatment product market is pegged at US$ 62.36 billion for 2024 and is forecasted to reach US$ 166.21 billion by 2034.
This market is witnessing significant growth driven by the increasing awareness of indoor air quality, environmental concerns, and a rising emphasis on
health and well-being. Air treatment products encompass a diverse range of devices, including air purifiers, humidifiers, dehumidifiers, ventilation systems, and more, designed to enhance and maintain the quality of indoor air.
Integration of smart technologies, such as IoT connectivity and smart sensors, is a prevailing trend. Smart air treatment products offer features such as remote monitoring, real-time data analytics, and customizable settings, aligning with the increasing demand for connected and convenient solutions.
The market also reflects a growing emphasis on sustainability, with manufacturers adopting eco-friendly practices in product design, materials, and manufacturing processes. Consumers are increasingly inclined toward air treatment products that minimize environmental impact and contribute to a greener lifestyle.
Businesses and industries recognize the importance of maintaining optimal air quality for employee health, product quality, and compliance with regulations. Thus, the commercial and industrial sectors are offering profitable opportunities for air treatment product suppliers.
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Key Takeaways from Market Study
Worldwide demand for air treatment products is predicted to increase at a CAGR of 10.3% through 2034 global air treatment product market is projected to reach a value of US$ 166.21 billion by 2034.
The United States market is estimated at US$ 12.78 billion in 2024. Sales of air treatment products in Japan are predicted to reach US$ 17.76 billion by the end of 2034. Global demand for dehumidifiers is forecasted to rise at a CAGR of 11.6% from 2024 to 2034.
“Air treatment products with health-focused features, such as virus and bacteria filtration, are gaining traction, particularly in response to global health crises,” says a Fact analyst.
Competitive Analysis
Major market players are sustaining a diverse product portfolio to cater to various consumer segments and meet market demands. Their offerings encompass a wide range of air purifiers, humidifiers, dehumidifiers, and other air treatment products, available in different capacities, sizes, and functionalities.
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Prominent companies are also emphasizing international expansion strategies to reach diverse consumer bases and maximize profitability. This approach involves establishing a robust presence in emerging markets, forming strategic partnerships, and tailoring products to suit the unique needs of different regions.
Some of the leading companies manufacturing air treatment products are Honeywell International, De'Longhi SPA, Samsung Electronics Co., Ltd., Panasonic Corporation, and Sharp Corporation. Leading companies are leveraging their brand reputation, extensive product portfolios, and global presence to maintain a competitive edge. Continuous innovations and strategic partnerships are helping key market players earn high revenues and boost their market position.
Demand for dehumidifiers worldwide is projected to grow significantly with a CAGR of 11.6% from 2024 to 2034. This surge is driven by increasing awareness of health risks associated with high humidity levels, including mold growth, dust mites, and respiratory ailments.
In addition to residential use, dehumidifiers are increasingly essential in commercial settings such as offices, warehouses, and industrial facilities. These applications aim to protect equipment, prevent corrosion, and maintain optimal conditions for processes, reflecting the broader adoption of dehumidification technology across diverse sectors.
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