DUBLIN--(BUSINESS WIRE)--The "Global Air Treatment Market (2021-2026) by Product Type, Technology Type, Application, End User and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Air Treatment Market is estimated to be USD 12.5 Bn in 2021 and is expected to reach USD 29.85Bn by 2026, growing at a CAGR of 8.5%.
An air purifier is used to reduce the amount of Total Volatile Organic Compounds (TVOCs), particle matter (2. 5-10 m), smoke, dust, toxic chemicals, gases, and other contaminants in the air.
The rising frequency of respiratory disorders such as asthma and Chronic Obstructive Pulmonary Disease (COPD) among the world's expanding population is a major factor driving demand for air treatment. The worldwide market is primarily driven by the air conditioning system's increasing need for air purifiers to alleviate the worsening air quality caused by rapid industrialization, which results in high industrial discharge.
Furthermore, the growing car fleet, which results in increased emissions of air pollutants, particularly in developing nations, increases the demand for air purifiers. Similarly, rising consumer awareness of the negative impact of degraded indoor air quality caused by the increased use of synthetic construction materials has stimulated product demand in the residential sector. Furthermore, governments' implementation of strict regulations in developed countries and various awareness initiatives emphasizing air purifiers boost the market growth. Furthermore, significant technical developments in air purification technology and the rising popularity of Internet-of-Things (IoT)-based devices have resulted in the market introduction of smart air purifiers.
However, the high cost of maintaining air treatment systems is a significant concern that is predicted to limit demand for air treatment products.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Air Treatment Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.
Market Dynamics
Drivers
- Increased Industrialization and Urbanisation
- Increasing Frequency of Airborne Illnesses
- Stringent Regulations Governing Emissions and Treatment of Industrial Effluents
- Rising Level of Respiratory Disease
- Strict Indoor Air Quality Rules and Regulation
Restraints
- Demand for Electric Vehicles is Growing
- Alternative and Renewable Energy Sources on the Rise
Opportunities
- Industrialization is Accelerating in Developing Countries.
- Increasing Air Treatment Demand
Challenges
- Availability of Air Treatment Products in Grey Market
- High Cost Associated with Maintenance of Air Treatment
Companies Mentioned
- 3M
- Ahlstrom-Munksjo
- American Air Filter Company
- AMFAH Group
- Atlas Copco
- Blueair AB
- Bosch
- Camfil Group
- Cummins Inc
- Daikin
- De'Longhi Appliances S.r.l.
- Donaldson Company Inc
- Hon Hai Precision Industry
- Freudenberg Filtration Technologies
- Electrolux
- Emerson Electric Co
- Hengst Se
- Honeywell
- LG Electronics Inc
- Mann+Hummel
- Parker-Hannifin Corp
- Panasonic Corporation
- Samsung Electronics Co., Ltd
- Sharp Corporation
- Winix Inc
For more information about this report visit https://www.researchandmarkets.com/r/e0xnqn
