Asia-Pacific to play a key role in the air purification market

MarketsandMarkets projects that the air purification systems market size will grow from USD 14.46 Billion in 2015 to reach USD 20.65 Billion by 2020, at an estimated CAGR of 7.38%.

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Accelerated urbanization, growth in infrastructural activities, and increasing industrialization has multiplied the rate of air pollution in the environment which has resulted in the need for air purification systems across the globe. The increasing income and spending capacity of people in developing economies and increasing demand in various end-use sectors such as automotive, building & construction, healthcare & medical, manufacturing, and energy & utilities are the major factors driving the growth of the air purification market. The strict regulations pertaining to industrial emissions and concern about occupational health and safety of the workers have led the industrial and commercial sector bodies to prioritize the concern for air purification needs at all their operating and manufacturing facilities.

Factors such as the increasing urbanized population in China and India along with the growth in disposable income, and the growing concern regarding the ill-effects of air pollution on human health in these countries are driving the growth of the Asia-Pacific air purification market. Rapid industrialization and imposition of strict laws pertaining to toxic emission control are also major factors contributing to the growth of the air purification market in this region.

The various key air purification companies profiled in the report are as follows:

• Honeywell International Inc. (U.S.)
• 3M Company (U.S.)
• Sharp Corporation (Japan)
• Daikin Industries, Ltd. (Japan)
• Air Products and Chemicals, Inc. (U.S.)
• Clean TeQ Holdings Limited (Australia)
• Alfa Laval AB (Sweden)
• SPX Corporation (U.S.)
• Mann+Hummel GmbH (Germany)
• Clarcor Inc. (U.S.)

The scope of the report covers detailed information regarding the major factors influencing the growth of the air purification market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been conducted to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, joint ventures, and recent developments associated with the air purification market.

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