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The global air purification systems market is moderately consolidated with intense competition. Top six players, namely Sharp Corp., Jarden Corp., Panasonic Corp., Honeywell International Inc., Daikin Industries, and Philips NV held more than 45% market share in 2015. Initiatives to expand customer base through mergers and acquisitions is also what top players in this market are striving for. A case in point is Daikin Industries Ltd. In 2016, the company acquired Flanders – a U.S- based air filter company through...
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