Air Treatment Market is expected to reach US$ 11,041.19 million by 2028
According to our latest market study on "Air Treatment Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, and Application," the market was valued at US$ 8,299.93 million in 2021 and is projected to reach US$ 11,041.19 million by 2028; it is expected to grow at a CAGR of 4.2% from 2021 to 2028.
Market Overview
The air treatment industry is undergoing a transformation with the emergence of wearable and large-scale air treatment products. In an effort to create more effective air purifiers, companies are developing wearable devices that look like a broadcaster's headset, with a small air purifier to cover the user's mouth. These devices can incorporate different technologies such as activated carbon or HEPA air filters to filter pollutants. Additionally, future air purifiers may incorporate UV light sources to eliminate mold, germs, and viruses. As technology continues to advance, the integration of these features is expected to become increasingly common in air purifiers. Wearable air purifiers could become a regular feature in hospitals and clinics, providing convenience and safety for patients and staff. Meanwhile, companies in the air treatment market are expected to introduce massive air purifiers for use in large buildings. According to Tree Hugger, a purifying tower reaching 100 meters in Xian, China, is projected to cover an area of over 10 km2 to reduce air pollution.
Market Segmentation
The global air treatment market is divided into type, application, and geography. Type segments include dryers, industrial filters, specialty filters, and condensate management. The air treatment market was led by the general industrial segment and had the largest share of the air treatment market in 2021. Application segments include general industry, food & beverages, pharmaceutical, oil & gas, chemical and petrochemical, and mining. The pharmaceutical segment holds a significant market share in the global air treatment market due to the critical importance of maintaining high air quality standards in pharmaceutical manufacturing facilities. Airborne particles, bacteria, and other contaminants can significantly affect the safety and efficacy of pharmaceutical products, making high-quality air filtration and treatment systems essential. Therefore, the pharmaceutical industry has a high demand for air treatment products, including air purifiers, filters, and dryers, to maintain optimal air quality levels in their facilities. Geographically, the air treatment market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America held a significant share of the air treatment market.
Impact of COVID-19
The global economy was negatively affected by the COVID-19 pandemic in 2020 and is still causing damage to many countries' economies and industries. Prior to the outbreak, the air treatment industry was experiencing significant growth, but as a result of the pandemic, production activities for many industries that use air treatment solutions declined noticeably. From the second half of 2020 and during the second wave in 2021, several containment measures, such as lockdowns, business shutdowns, and trade restrictions, had a negative impact on the production and supply chain of air treatment solution manufacturers. In the final quarter of 2020, with the resumption of industrial activities, market players saw a consistent increase in demand from fixed-base operator end-users. Additionally, the need for air treatment solutions in essential industries like pharmaceuticals, food and beverage, oil and gas, chemicals, and others has resulted in a stable global demand for air treatment products. Notably, companies like Ingersoll Rand, which manufacture air treatment solutions, experienced a rise in total revenue during the 2020 financial year. In addition, the COVID-19 pandemic has increased the demand for effective air filtration systems in residential, non-industrial, and industrial settings, as clients seek to prevent infections by improving air quality. Consequently, despite the initial decline caused by the pandemic and related containment measures, the global air treatment market is predicted to bounce back due to the growing need for high-quality air treatment systems, like filters and dryers, in essential industries such as pharmaceuticals and energy.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com