Global Air Purification Systems Market – Snapshot
The basic difference between an air purifier and an air cleaner is that air cleaners feature a fan which make a lot of noise and are expensive to purchase and maintain, whereas air purifiers are silent devices and require relatively less maintenance compared to air cleaners. Global air purification systems market size was valued US$ 8.45 Bn in 2018 and expected to reach US$ 21.9 Bn in 2027.
HEPA air purification technology is better than other air purification technologies as HEPA can remove approx. 99.97% of pollutants that pass through it. Rise in automotive industry is increasing the demand for gasoline or diesel particulate filters which is subsequently increasing the demand for exhaust filtration or industrial dust collector air purifiers across the world.
Dust generated in an industrial sector such as in manufacturing plants are a major source of environmental air pollution. Dust reduce the efficiency of plant equipment and machinery. Exhaust filtration air purifiers are used to filter dusts that are produced from mining operations, woodworking dust, chemical production, blasting among others. Exhaust filtration or dust collectors are mainly used in industrial sector to clean the environmental air in a manufacturing plant.
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Oil and mist and smoke collector air purifiers are also heavily used in industrial plants. They are generally used in removing dry contaminants and oil mist from the air. These impurities are generated in a CNC turning and milling, electric discharge machine (EDM), wet grinding and other industrial sectors. Air purification systems are heavily used in industrial and residential sectors. Rising consumer awareness about air purifiers and increasing pollution in cities due to rising industrialization is increasing the demand for residential air purification systems. In emerging economies of Asia Pacific such as China and India, rising industrialization is increasing air pollution which is subsequently increasing the demand for air purifiers in China, India and other Asia Pacific countries
Asia Pacific held the largest share of more than 30% of the global air purification systems market in 2019. The region is likely to experience the fastest growth in the next few years. Thus, it is expected to retain its dominance during the forecast period. The markets in North America and Europe are anticipated to expand at a moderate pace during the forecast period.
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Players are investing in using advanced and innovative technologies for the development of optimum purification, energy efficient, and low emission products with the aim to reduce environment degradation. With rising focus on these areas, players aim to increase sales of their products and maximize their earnings. Investment in mergers and acquisition, partnership, and expansion has also increased by the players to extend their presence in different regions. For example, Sharp Corporation recently introduced new product SHARP KC-G40M in the Indian market. This product is a combination of humidifier and air purifier that provides comfort and convenience during summers. The company aim was to expand its base in India and provide its products to the huge population base.
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Other companies are also taking similar steps to strengthen their position in the market. With large number of players are taking such steps has created a fragmented vendor landscape in the global air purification systems market. Key players in the air purification systems market are
- Daikin Industries Ltd.
- Sharp Corporation
- Camfil Group
- Philips Electronics N.V.
- 3M Company
- Panasonic Corporation
- LG Electronics Inc.
- Honeywell International Inc.
- Clarcor Inc.
- Whirlpool Corporation
- SPX Flow
- Eureka Forbes
- Fumex Inc.
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