Mergers and acquisitions were the major strategies adopted by most of the players in the air purification market. Companies such as Daikin Industries, Ltd. (U.S.), Clean Teq Holding Limited (Australia), and Mann+Hummel GmbH (Germany) were the key players that adopted these strategies to increase the reach of their offerings, improve their production capacity, and focus on core operations.
Pune, India -- (SBWIRE) -- 02/23/2016 -- The report "Air Purification Systems Market - Forecast to 2020",The air purification market size is projected to grow from USD 14.46 Billion in 2015 to reach USD 20.65 Billion by 2020, at an estimated CAGR of 7.38%.
Browse more than 191 market data tables with 51 figures spread through 205 Pages and in-depth TOC on Air Purification Systems Market - Forecast to 2020.
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Accelerated urbanization, growth in infrastructural activities, and increasing industrialization has multiplied the rate of air pollution in the environment which has resulted in the need for air purification systems across the globe. The increasing income and spending capacity of people in developing economies and increasing demand in various end-use sectors such as automotive, building & construction, healthcare & medical, manufacturing, and energy & utilities are the major factors driving the growth of the air purification market. The strict regulations pertaining to industrial emissions and concern about occupational health and safety of the workers have led the industrial and commercial sector bodies to look into the concern of air purification needs at all their operating facilities.
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The air purification systems market comprises companies such as Honeywell International Inc. (U.S.), 3M Company (U.S.), Sharp Corporation (Japan), Daikin Industries, Ltd. (Japan), and Air Products and Chemicals, Inc. (U.S.).
Dust Collector segment to gain maximum traction during the forecast period
Dust collectors are used to improve the quality of air discharged from commercial and industrial processes through collecting dust, impurities, and other allergen particles from air or gas. A dust collector system generally consists of a blower, dust filter, filter cleaning system, and a dust removal system. It removes solid granule pollutants from exhaust gases before venting to the outer atmosphere and also recovers valuable solid or powder granules from process streams. The demand for this type of air purification system holds a significant part of the air purification market. The reason behind the growth of this product segment is the need of making the ambient and in-door air dust-free, which is the primary concern of the population and government in this industrial era.
Asia-Pacific to play a key role in the air purification market
Factors such as the increasing urbanized population in China and India along with the growth in disposable income, and the growing concern regarding the ill-effects of air pollution on human health in these countries are driving the growth of the Asia-Pacific air purification market. Rapid industrialization and imposition of strict laws pertaining to toxic emission control are also major factors contributing to the growth of the air purification market in this region.
The various key air purification companies profiled in the report are as follows:
-Honeywell International Inc. (U.S.)
-3M Company (U.S.)
-Sharp Corporation (Japan)
-Daikin Industries, Ltd. (Japan)
-Air Products and Chemicals, Inc. (U.S.)
-Clean TeQ Holdings Limited (Australia)
-Alfa Laval AB (Sweden)
-SPX Corporation (U.S.)
-Mann+Hummel GmbH (Germany)
-Clarcor Inc. (U.S.)
The scope of the report covers detailed information regarding the major factors influencing the growth of the air purification market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been conducted to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the air purification market.
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