Air Purification System Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3675
Air purification systems market will experience considerable traction in the upcoming years driven by the significant need for clean air technologies. These systems are widely used in a range of end-use sectors including automotive, building & construction, healthcare, energy & utilities, and manufacturing. Air purification systems, or air purifiers, consist of a series of internal fans that pull the indoor air through a set of filters to remove hazardous airborne particles such as pollen, dust, and even bacteria.
The past several years have witnessed a notable rise in the global population, which has resulted in rapid expansion of the residential and commercial sectors. In addition to improving the quality of indoor air, several studies show that the installation of air purification systems can reduce the risk of some cardiovascular diseases and heart conditions. These trends are likely to fuel the adoption of air purifiers in homes, schools, offices, healthcare facilities, and other spaces. The robust industrial development across the globe will propel the product penetration across the industrial sector.
On the basis of technology, global air purification system industry is segmented into HEPA, activated carbon, electrostatic precipitators, UV light purifier, and ionic filters. HEPA air purifiers are expected to witness a substantial demand in the near future. Poor indoor air quality can cause health problems for residents, particularly for people with allergies or asthma. High-efficiency particulate air (HEPA) purification systems are highly-effective in trapping these pollutants and provide allergy relief.
Air purification systems are prominently used across the residential, commercial, and industrial sectors. Residential sectors will likely account for a fair share of global air purification system market due to the growing adoption of these systems to maintain optimum indoor air quality and reduce the risk of respiratory and airborne diseases. Growing residential expansion in the upcoming years will certainly offer lucrative opportunities to air purifier manufacturers.
In response to the significant demand for air purifiers, manufacturers are working actively towards bringing new, innovative products to the market. Some of the prominent companies constituting global air purification system market include 3M Company, Alfa Laval, Air Products and Chemicals, Honeywell International, Philips Electronics, Panasonic Corporation, LG Electronics, Eureka Forbes, Daikin Industries, SPX, Sharp, Mann+Hummel, Fumex, Electrocorp, Clean Teq Holdings Limited, Clarcor and Camfil, among several others.
Many of these companies are investing in research and development to offer high-quality air purification systems with advanced features in a more affordable range. For instance, in November 2019, Philips India added the 800 Series air purifier to its range of air purification systems for the country. The system features Philip’s 3D air circulation system along with smart sensing technology and intelligent auto purification mode, which allows the system to detect even the slightest of changes in air quality inside the room and remove particles as small as 0.003 microns.
Some of these companies are also looking to expand their presence and gain a competitive edge. For instance, LG Corporation debuted its LG Signature range of luxury home appliances in the Japanese market in June last year. The superior range of premium home appliances aimed to offer users a compelling experience through cutting-edge technology, stunning aesthetics, and user-friendly functionality, including a new air purifier.
While the COVID-19 pandemic as impacted many industries and business worldwide, it can result in the increased adoption of air purification systems across many regions. The U.S. Environmental Protection Agency (EPA) has declared that air purifiers, when used along with other practices recommended by the Centers for Disease Control and Prevention (CDC), can reduce airborne contaminants including viruses, and help curb the transmission of the coronavirus.
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