Global Air Purification Equipment Market Opportunities 2024, Forecast To 2033
8 Jan, 2024
The air purification equipment market size has surged from $65.35 billion in 2023 to $71.33 billion in 2024, reflecting a 9.2% CAGR. Historical growth is linked to increased awareness of air quality, industrialization, government regulations, and health concerns. Anticipated strong growth will propel the market to $98.79 billion in 2028, with an 8.5% CAGR. Drivers include sustainability initiatives, climate change awareness, smart homes, an aging population, and air quality monitoring. Key trends encompass technological advancements, smart devices, HEPA filtration, customization, and portable designs.
Global Air Purification Equipment Market Key Driver
The demand for air purification equipment rises due to increasing health problems caused by air pollution. Air pollution is a major contributor to diseases, with approximately 4.2 million global deaths annually. The World Health Organization reports that air pollution is responsible for various diseases, such as heart disease, chronic obstructive pulmonary disease, lung cancer, acute respiratory infections, and stroke. This alarming situation increases the demand for air purification equipment to remove harmful pollutants from the air.
Get A Free Sample Of The Global Air Purification Equipment Market ReportGlobal Air Purification Equipment Market Segments
The air purification equipment market covered in this report is segmented –
1) By Product Type: Stand-Alone Air Purification Equipment, Induct Air Purification Equipment
2) By Technology: HEPA, Electrostatic Precipitators, Activated Carbon, Ionic Filters, Other Technologies
3) By End User: Residential, Commercial, Industrial
By Geography: The regions covered in the air purification equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
The Asia-Pacific was the largest region in the air purification equipment in 2023. Western Europe was the second largest region in the air purification equipment market during the forecast period. The regions covered in the air purification equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Air Purification Equipment Industry Players
Daikin Industries Ltd., Sharp Corporation, Camfil Group, Philips Electronics N.V., LG Electronics Inc., Panasonic Corporation, 3M Company, Mann+Hummel, Honeywell International Inc., Clarcor Inc., Whirlpool Corporation, SPX Flow, Eureka Forbes, Electrocorp, Fumex Inc.
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Air Purification Equipment Market Overview
The air purification equipment refers to a device used for removing contaminants from the air in a room to improve indoor air quality.
Air Purification Equipment Global Market Report 2023 provides data on the global air purification equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The air purification equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.