MARKET INTRODUCTION
The air purification systems are used for purifying surrounding air through the removal of foreign contaminants. These are largely being adopted to improve indoor air quality impacted by rapid urbanization and increasing infrastructural activities. Stringent government regulations regarding industrial emissions are boosting the growth of the air purification systems market across the globe. Key players of the air purification systems market are focusing on inorganic growth strategies such as mergers and acquisitions to enhance their global presence market.
MARKET DYNAMICS
The air purification systems market is anticipated to grow in the forecast period owing to driving factors such as a rise in air pollution and subsequent rise in associated health problems, coupled with the increase in the spending power of consumers. However, the high pricing of the products limits its consumption and impacts the growth of the air purification systems market. On the other hand, growing environmental concerns and favorable government policies are likely to create growth opportunities for the air purification systems market in the future.
MARKET SCOPE
The "Global Air Purification Systems Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of air purification systems market with detailed market segmentation by product, technology, industry vertical, and geography. The global air purification systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading air purification systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global air purification systems market is segmented on the basis of product, technology, and industry vertical. Based on product, the market is segmented as fume & smoke collectors, dust collectors, vehicle exhaust, mist eliminators, emergency exhaust, and others. On the basis of the technology, the market is segmented as activated carbon, ionic filters, HEPA, electrostatic precipitators, and others. The market on the basis of the industry vertical is classified as manufacturing, automotive, energy & utility, construction, healthcare & medical, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global air purification systems market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The air purification systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting air purification systems market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the air purification systems market in these regions.
MARKET PLAYERS
The reports cover key developments in the air purification systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from air purification systems market are anticipated to lucrative growth opportunities in the future with the rising demand for air purification systems in the global market. Below mentioned is the list of few companies engaged in the air purification systems market.
The report also includes the profiles of key air purification systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- 3M Company
- Air Products and Chemicals, Inc.
- Alfa Laval Corporate AB
- Daikin Industries, Ltd.
- Honeywell International Inc.
- Koninklijke Philips N.V.
- Mann+Hummel Group
- Parker Hannifin Corp
- Sharp Corporation
- SPX Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.