Global Air Purification Equipment Market to 2031 - Featuring Daikin Industries, Sharp, Camfil and Philips Electronics Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Air Purification Equipment Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

This report provides strategists, marketers and senior management with the critical information they need to assess the global air purification equipment market as it emerges from the COVID-19 shut down.

The global air purification equipment market is expected to grow from $56.1 billion in 2021 to $60.8 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The market is expected to grow to $88.43 billion in 2026 at a compound annual growth rate (CAGR) of 9.8%.

Companies Mentioned

• 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
• Electro corp.
• Fumex Inc.

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The air purification equipment market consists of sales of air purification equipment by entities (organizations, sole traders, and partnerships) that produce air purification equipment that is used for removing contaminants from the air in a room to improve indoor air quality. Only goods and services traded between entities or sold to end consumers are included.

The main product types of air purification are stand-alone air purification equipment and induct air purification equipment. An in-duct air purifier will be installed directly into the air duct path. It will be installed either before or after the air handler in homes with a central HVAC unit. The technologies involved are HEPA, electrostatic precipitators, activated carbon, ionic filters, and other technologies. The various end-users involved are residential, commercial, and industrial.

The Asia Pacific was the largest region in air purification equipment in 2021. Western Europe was the second largest region in the air purification equipment. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Increasing health problems due to air pollution is projected to boost the demand for the air purification equipment market. Rising deaths and diseases caused by air pollution are generating higher demand for devices used for air purification to remove harmful pollutants in the air. According to the World Health Organization (WHO), air pollution is a major cause of death and various diseases.

Air pollution is responsible for approximately 4.2 million deaths annually across the globe, mainly from heart disease, chronic obstructive pulmonary disease, lung cancer, acute respiratory infections, and stroke. In the USA alone, there are around 200,000 premature deaths annually. Moreover, air pollution is alone responsible for 29% of lung cancer, 43% of chronic obstructive pulmonary disease, 17% of acute lower respiratory infection, and 24% of stroke of all deaths and diseases worldwide. The increase in impurities in the air is expected to drive the demand for the air purification equipment market during the forecast period.

The risk and high maintenance charges associated with the air purification equipment are expected to limit the growth of the air purification equipment market. Air purification systems are good at eliminating dust, but may not prove an effective solution for removing bad odor. Some air purification systems release an excess number of ions in the air which leads to ozone emissions and is considered to be harmful to the environment. Moreover, high maintenance charges on disposable and replaceable filters ranging between $20 and $200 are another major restraint for market growth. These disadvantages associated with the usage of air purification systems are expected to hamper the air purification equipment market during the forecasted period.

Partnerships and collaborations by the industry players are gaining popularity in the air purification equipment market. Major companies are strategically acquiring start-ups and mid-sized companies in the air purification market to broaden the products and services offered by the company. Strategic collaborations and partnership agreements help companies to expand their existing product portfolio and geographical reach.

For more information about this report visit https://www.researchandmarkets.com/r/oawfjq