Global Air Purification Systems Market Will Reach USD 29.25 Billion By 2025: Zion Market Research
Sarasota, FL -- (SBWIRE) -- 04/25/2019 -- Zion Market Research has published a new report titled "Air Purification Systems Market by Product Type (Fume & Smoke Collectors, Dust Collectors, Vehicle Exhaust, Fire and Emergency Exhaust, Mist Eliminators, and Others), by Technology (HEPA, Activated Carbon, Electrostatic Precipitators, Ionic Filters, and Others), and by End-User Industry (Healthcare & Medical, Automotive, Construction, Energy & Utility, Manufacturing, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025". According to the report, the global air purification systems market was valued at USD 17.86 billion in 2018 and is expected to reach USD 29.25 billion by 2025, at a CAGR of 7.3% between 2019 and 2025.
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Air purification system is a device that purifies the air by removing contaminants and impurities in various sectors, such as industrial, commercial, and residential. Air purification system is very different from air cleaners. The global air purification systems market is expected to grow rapidly growth in the next few years, owing to the increasing industrial activities and infrastructural constructions globally. Moreover, the surging health problem due to air pollution is estimated to further enhance the application of air purification systems. Additionally, rapid market growth is also observed due to swift urbanization and industrialization in emerging countries. However, high product pricing may restrain the market growth in the future. Alternatively, increasing investments and growing environmental concerns are projected to offer lucrative growth opportunities to the air purification systems market in the future.
The global air purification systems market is classified based on product type, technology, and end-user industry. The product type segment includes fume and smoke collectors, dust collectors, vehicle exhaust, fire and emergency exhaust, mist eliminators, and others. Dust collectors are predicted to grow rapidly over the forecast time period, as they eliminate dust impurities and other allergen particles from gas or air. Additionally, it is very essential to make indoor air dust-free from impurities, which is also increasing the application of dust collectors rapidly. Moreover, fume and smoke collectors are expected to grow notably in the upcoming years. The technology segment includes HEPA, activated carbon, electrostatic precipitators, ionic filters, and others. The HEPA segment held the largest share of the global air purification system market and is projected to maintain its dominance in the future as well, due to the increasing use of HEPA in the industrial sector. By end-user industry, the air purification systems market includes healthcare and medical, automotive, construction, energy and utility, manufacturing, and others. The automotive segment dominated the market in 2018. Additionally, the growing construction activities across the globe are projected to boost the global air purification systems market.
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By region, Asia Pacific was the largest contributor to the global air purification systems market in 2018 and accounted for around 30% of the market share. This regional growth can be attributed to the region's growing construction industry and the rising urbanization and industrialization in China and India. North America is estimated to be the second largest region in the global air purification systems market.
Some key manufacturers of the global air purification systems market are Honeywell International Inc., Air Products and Chemicals, Inc., Daikin Industries, Ltd., LG Electronics, Panasonic Corporation, Electrocorp, Sharp Corporation, 3M Company, Mann+Hummel, Fumex Inc., Clarcor Inc., Eureka Forbes, Philips Electronics, Camfil Group, and SPX Flow.
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This report segments the global air purification systems market into:
Global Air Purification Systems Market: Product Type Analysis
Fume and Smoke Collectors
Fire and Emergency Exhaust
Global Air Purification Systems Market: Technology Analysis
Global Air Purification Systems Market: End-User Industry Analysis
Healthcare and Medical
Energy and Utility
Global Air Purification Systems Market: Regional Analysis
The Middle East and Africa
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