Air Purification Systems Market - Forecasts from 2018 to 2023
The Air Purification Systems market is projected to grow at a CAGR of 9.15% to reach US$28.830 billion by 2023, from US$17.053 billion in 2017. Rising prevalence of health disease due to air pollution and increasing consumer spending on healthcare are considered as the key drivers for the growth of the market. According to World Health Organization every year nearly 7 million people die which accounts one in eight of total global deaths as a result of air pollution exposure. Strict government regulation for the industrial emission and concerns towards health and safety of the workers has led the industrial sector to have purification systems in their manufacturing and operating facilities. High cost associated with air purification systems is considered as the restraining factor for the growth of the market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Air Purification Systems value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Air Purification Systems market.
Major industry players profiled as part of the report are Daikin Industries, Ltd, Honeywell International Inc, Sharp Corporation, Panasonic Corporation, Philips Electronics N.V. and 3M Company among others.
The Air Purification Systems market has been analyzed through following segments:
Activated Carbon Technology
By End Users
Middle East and Africa
United Arab Emirates
Daikin Industries, Ltd
Honeywell International Inc
Philips Electronics N.V
LG Electronics Inc.