Rising demand for Air purification systems
Air purification systems market is expected to grow at a compound annual growth rate (CAGR) of 13.71% to attain a market size of US$51.748 billion by the end of the analysis period, 2026. The market was valued at US$21.054 billion in 2019. Air purification systems are developed to create and maintain good quality air. The air purification systems or devices regulate and maintain the quality of air by reducing or removing the pollution content in the air. The increasing level of air pollution in the atmosphere is rising the demand for air purification systems in the market. The rising pollution content in the atmosphere is reducing the quality of air in the atmosphere. Industrial activities and the combustion process of gasoline in vehicles and others are rising the air pollution rate in the atmosphere. Good quality of air is a must for the efficient activity of the human body. The data and reports of IUPS (International Union of Psychological Science) states that there is a close relation between human behavior and mood swings to quality of air. The moods of humans can be varied and changed according to the quality of air or atmosphere they are working on. The need of a quality air environment in the polluted atmosphere is hiking the market of air purification systems.
The increasing number of respiratory diseases as a result of polluted air in the atmosphere is also giving potential to the market growth of air purification system. The policies and act proposed by governments are also initiating the need for good and quality air purification systems in industrial areas and public places. The increasing number of respiratory diseases like Brochities, Asthma is also increasing the health consciousness of people, paving to the need for quality air purification systems.
The Increasing Number of Respiratory Diseases as a Result of Air Pollution
A steady growth is shown by the rate of respiratory diseases effecting the people in every year. The rising number of respiratory diseases is increasing the demand of air purification systems in the market. Asthma, Emphysema, Chronic bronchitis, COPD and lung cancer are the major top 5 respiratory diseases that are widely experienced among people, according to the reports of WHO (World Health Organization). Air pollution is one of the major causes resulting in the spreading of respiratory diseases. Providing good quality air is a major solution that can be taken out to control the spread of respiratory diseases. The policies implemented by the government in promoting air purification systems is also rising the demand for air purification systems in the market. The rising number of respiratory diseases and introduction of air purification systems as a solution for this, is hiking the demand and market of air purification systems in the global market.
Policies Introduced by the Government in Reducing Respiratory Diseases
Various policies are taken out by international governments to reduce the spread of respiratory diseases. The introduction of quality air purification systems in public place and public transport is one of the major actions taken by the government to reduce the spread of chronic respiratory diseases. Industries and production plants are the major platforms resulting in more carbon emissions and other toxic gases as a by-product of their production process. The emission of carbon gases and other industrial emissions are one of the major factors causing air pollution. Government authority is also ensuring the presence of proper ventilation and air purification system in order to control respiratory diseases among factory workers and others. The actions and support of the government to reduce respiratory diseases in supporting the use of air purification systems are also hiking the demand of air purification systems in the global market.
Segmentation of Air Purification Systems Market
Based on the type of technology employed, air purification systems market is segmented into High-efficiency particulate Air (HEPA), electrostatic precipitator, Activated carbon, Ionic filters, UV light air filters and ozone generators.
By end-user industry type, the air purification systems market is classified into mainly 3 for residential purposes, commercial purposes and Industrial purposes. These are the major areas which employs air purification systems.
By geographic regions, air purification systems market is segmented as North America, Asia Pacific, Europe, South America, Middle East and Africa. Asia pacific dominating the market of adhesive tape.
Coronavirus Pandemic Analysis
The analysis report also provides information about the effect of the COVID pandemic in air purification systems market. The impact of COVID pandemic had resulted in the declination air purification systems market. Air purification systems ensures air conditioning by providing cool and conditioned air into the surroundings, the increased spreading rate of CORONA virus in cool air conditions has resulted in the declination air purification systems market growth. The increased spread of the CORONA virus has been detected by WHO mainly on air-conditioned and cool air areas, this resulted in the less usage of air conditioners and purification systems to a certain extent. The shut down of manufacturing units and production plants, due to isolations and lockdowns imposed by the government also resulted in the downfall of the global air purification systems market. The blockage and problems in the supply chain sector air purification system components adversely effected the export and import rate of air purification system components making to the declination in air purification systems market.
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