The Global Market for Air Purification Equipment is Projected to Exceed US$14.5 Billion by 2022

Deteriorating Indoor Air Quality and Increasing Incidence of Allergies Drive Demand for Air Purification Equipment, According to New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Air Purification Equipment market. The global market for Air Purification Equipment is projected to exceed US$14.5 billion by 2022, driven by the alarming rise in incidence of air-borne allergies, growing demand for HEPA purifiers, and rising concerns over indoor air quality and its related risks.

Clean air is an essential requirement for healthy living. Poor indoor air quality (IAQ) represents a major factor in causing diseases as it increases the risk of communicable respiratory illnesses and allergies as well as leads to SBS (sick building syndrome). Poor IAQ is known to cause or aggravate over 50% of all the aforementioned health conditions. With a majority of individuals spending over 90% of their times indoors (at homes, malls, or offices to name a few), improving IAQ is significant in reducing the incidence of respiratory health conditions as well as other diseases such as stroke and ischemic heart disease known to be caused by indoor pollution. Air Purification Equipment is designed to remove air borne contaminants such as volatile organic compounds (VOCs), roach allergens, smoke particles, pet dander, tiny dried cells of human skin, and allergy-causing particles, such as pollen, mold spores, dust, and dust mite feces, among others, and improve IAQ in commercial and residential buildings.

Demand for air purifiers globally is anticipated to grow unabated over the next several years primarily driven by rising levels of air pollution, which continue to increase in various regions, especially Asia-Pacific. This coupled with growing incidents of allergies provide lucrative opportunities for the global air purifiers market. The market is also poised to benefit from product advancements targeted at user-friendliness, low price, reduced noise levels, energy efficiency, and higher purification efficiency. Few of the current models of air purifiers are capable of removing pollutants from indoor air that are about 18,000 times smaller than the size of a paper pin. Product types expected to score the maximum gains in the marketplace include multi-functional air purifiers, which feature the ability to humidify, deodorize and capture, and eliminate dust, pollen, bacteria, and viruses. Personal air purifiers, which represent a convenient way of staying healthy when away from home, represent a niche product category offering significant potential for future growth.

As stated by the new market research report on Air Purification Equipment, the United States represents the largest market worldwide. Growing product awareness, rising incidence of allergies caused by seasonal changes such as high pollen count in air, strong focus on environmental concerns, and stringent regulatory standards related to Clean Air Delivery Rate (CADR), among others, represent key growth drivers in the country. Asia-Pacific represents the fastest growing market with a CAGR of 14.5% over the analysis period. Important factors benefiting growth in the region include rising levels of pollution driven by growing population, industrialization and urbanization, underpenetrated and unpenetrated nature of the market, and heightened concerns with regard to health.

Key players covered in the report include 3M Company, Abatement Technologies, Inc., AllerAir Industries, Inc., Aprilaire, Blueair, Inc., Camfil Group, Carrier Corporation, Daikin Industries, Ltd., EcoAir, Guardian Technologies, Hamilton Beach Brands, Inc., HealthWay Home Products, Inc., Honeywell International, Inc., IQAir North America Incorporated, Jarden Corporation, Lennox International, Inc., LG Electronics, Inc., Panasonic Ecology Systems Co., Ltd., Royal Philips Electronics N.V., Sharp Corporation, Trion Inc., and Whirlpool Corporation, among others.

The research report titled “Air Purification Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, challenges, product launches and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product segments analyzed include Stand-Alone Air Purification Equipment and In-Duct Air Purification Equipment.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.