Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Air Purification Systems Market – Forecasted from 2019 to 2026”.
The prime factors propelling the growth of the air purification systems market are the rising awareness regarding the harmful health impacts of air pollution and strict government regulations.
As per the report, the Air Purification Systems Market is projected to grow at a CAGR of 13.71% to reach US$51.748 billion by 2026, from US$21.054 billion in 2019.
Air purification systems refer to those devices that are utilized to decrease pollution levels in an indoor setting and therefore better the air quality. The requirement for air purification systems has been growing over recent years due to the increase in pollution levels in several countries of the world. The awareness concerning the adverse health consequences of air pollution has risen lately and is expected to further contribute to the increase in demand for air purification systems throughout the forecast period. Stringent government laws for the industrial emissions and concerns regarding the health and security of the workers has incited the industrial division to have purification systems in their production and operating facilities, which is the other notable factor that is predicted to mount the growth of the air purification systems market during the forecast period.
COVID-19 had a positive influence on the air purification systems market. The pandemic has made people more health-conscious which has further led to a surge in the sales of products that are supposed to be health-friendly. This directed to a growth in the demand for air purification systems during the pandemic. In addition, various studies provide the link between Covid-19 mortalities and long-term vulnerability to air pollution. The trend of using air purification systems is expected to continue even after the pandemic because of the rising pollution levels.
One of the important determinants increasing the air purification systems market growth is the growing number of people worldwide with health issues prompted by air pollution. Because of long-term exposure to huge air pollution levels and the deadly diseases caused by it, there is a growing demand for air purification systems globally which is predicted to sustain further in the upcoming years.
By technology, HEPA segment is expected to hold a notable share. As the tinier air particles are the ones that are deemed more damaging to health, HEPA filters are favored over other conventional filters and are expected to drive the growth of the HEPA segment of the air purification systems market throughout the forecast period. Moreover, because of their ability to eliminate even microscopic organisms, these filters are the official air purification system in medical settings.
By region, the North American region is predicted to secure a vital market share due to huge consumer spending on health and the increase in the adoption of air purification systems in the industrial sector. The Asia Pacific region is expected to observe substantial growth because of the fast industrialization and the critical air pollution levels in various urban areas commencing to an increase in the number of diseases prompted by air pollution in the region.
As a part of the report, the major players operating in the air purification systems market, that have been covered are Honeywell International Inc, Sharp Corporation, Daikin Industries Ltd., Panasonic Corporation, 3M Corporation, Mann+Hummel GmbH, LG Electronics Inc., Philips Electronics N.V., Clarcor Inc., Electrocorp.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/air-purification-systems-market
This analytics report segments the air purification systems market on the following basis
- By Technology
- High-Efficiency Particulate Air (HEPA)
- Electrostatic Precipitator
- Activated Carbon
- Ionic Filters
- UV Light Air Filters
- Ozone Generators
- By End Users
- By Geography
- North America
- South America
- United Kingdom
- The Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America