Air purification system is a device or product, which is utilized in business, and private applications to eliminate or control the air contaminants, polluting influences from the air. These systems are exclusively designed and are beneficial to population suffering from allergy and asthma kind of diseases and expel dust, second hand tobacco smoke. The principal difference between an air cleaner and air purifier is that air cleaners are equipped with a fan which creates lot of noise disturbance and are comparatively expensive to purchase and maintain. On other hand, most of the air purifiers are silent devices and requires relatively less maintenance compared to air cleaners. Air purification’s system are being used on large scale in industries, commercial areas, and residential sectors owing to its great benefits of eviction of hazardous pollutants, impurities and clean air.
The global air purification system market is primarily driven by increasing infrastructure & industrial activities, and growing vehicle fleet over past few years. Poor indoor air quality has become major concern to schools, complexes, building, hospitals and workers which is impacting health, well-being of human. Increasing CO2 emission, and huge of amounts of smoke released from industries and automobiles further causes health risks such as cancer, asthma, and other cardiovascular & respiratory diseases further augments growth of air purification system market. Furthermore, coal used as fuel source in household purposes and in thermal power generation across many emerging countries depletes the air quality which strengthens growing demand for air purifications systems. In addition, rising awareness regarding ill-effects of poor indoor air quality and importance & promotional activities associated with air purifiers is expected to propel demand for air purification system over forecast period 2019–2026.
Global air purification system market was valued at USD 15.02 billion in 2018 and is expected to reach a value of USD 26.11 billion at a CAGR of 10.7% during the forecast period, 2019–2026.
The global air purification system market is segmented by product, technology, end-use sectors.
On the basis of product, air purification system market is segmented into dust collectors, oil & mist eliminators, fume & smoke collectors, fire/emergency exhaust, and others (commercial kitchen ventilation system, industrial UV system, and air cleaners). Fume & smoke collectors is expected to exhibit at fastest CAGR during forecasted period 2019-2026. This is majorly attributed to growing awareness about adverse effects of toxic pollutants on health & overall environment and stringent regulations of labour protection act. For instance, according to The EPA National Emission Standard for Hazardous Air Pollutants (NESHAP) and Occupational Safety and Health Administration (OSHA), has imposed strict regulations to control and monitor fume and smoke generated in factory and other areas. It is increasingly using in various industries, on account of limiting dissemination of weld fume particulate which contains health hazardous elements such as Chromium, Zinc, Nickel and others.
By technology, air purification system market is segmented into HEPA, activated carbon purifier, electrostatic precipitator, and ionic filters, others (ozone generators and ultraviolet light air filters). HEPA is expected hold major share in the market attributed to its benefits offered such as it gives pollutant less air for young children to breath and also offers clean air to asthma sufferers.
By end-use sectors, air purification system market is segmented into automotive, construction, energy & utilities, healthcare & medical, manufacturing, and others (hospitality sectors, residential, education, aviation). healthcare & medical sector is likely to boost growth of market during forecast period. This growth is attributed to its growing applications in medical industry such as it is used as air filtration to keep hospital, isolation room and surgical suite free of dangerous viruses, microbes and other harmful particles. Furthermore it is also used in most sensitive areas in a hospital such as neonatal department where new-borns are kept.
The global air purification system market is majorly segmented into five geographies: North America, Europe, Asia Pacific, Latin America, the Middle East & Africa.
North America air purification system market holds major share and is expected to grow at fastest CAGR during forecast period 2019–2026. Technological advancement, high per capita income, high quality lifestyle adopted by people and awareness amongst population are key factors contributing to growth of market in the region. Additionally, due to implementation of stringent government industrial norms and increasing awareness related to health of employees are reasons driving market growth. Well-developed infrastructure and increasing awareness in healthcare, tourism, and hospitality sector will foster demand of product. Moreover, systems for residential area are still at an emerging stage but expected to rise during forecast period due to indoor air quality concerns.
Europe air purification system market has shown considerable growth over last few years and is predicted to witness slow growth owing to maturity of the market. Nevertheless, presence of strong players and early adoption of cutting-edge technology is likely to supplement growth of market.
Asia Pacific dominates the global air purification system market in terms of value and is expected to register fastest growth in coming years. Growing concern regarding ill-effects of air pollution on human health and rising awareness among people drives the growth of the market.
Air purification system market in Latin America, the Middle East & Africa is projected to display moderate growth over the forecast period 2019–2026 on account of growing demand for air purifiers from various end-use sectors.
Some of the leading players in the global air purification system market are Daikin Industries, Ltd. (U.S.), Mann+Hummel GmbH (Germany), Clean Teq Holding Limited (Australia), Camfil Group (Sweden), Panasonic Corporation (Japan), Sharp Corporation (Japan), Honeywell International Inc. (U.S.), LG Electronics Inc. (South Korea), Whirlpool Corporation, (U.S.) and Koninklijke Philips N.V (Netherlands).