Gasping For Air: Growth In Demand From a Recovering Industrial Sector is Expected to Contribute to Industry Revenue Growth
Air Purification Equipment Manufacturing in the US
The Air Purification Equipment Manufacturing industry primarily manufactures stationary air purification equipment used in residential, commercial and industrial structures. Through 2023, the industry has faced mounting volatility. Purifier sales largely depend on industrial production and construction activity. Despite volatility, the industry will grow at an expected CAGR of 0.7% to $7.6 billion over the five years to 2023, despite an estimated 1.9% contraction in 2023. The industry benefited from high growth in 2021 as the economy recovered from the trade disruptions and COVID-19 problems in 2020.Establishments in this industry primarily manufacture stationary air purification equipment. These devices include industrial dust and fume collection equipment, electrostatic precipitation equipment, warm air furnace filters and air washers among other dust collection equipment.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Honeywell International Inc.
- Lennox International Inc.
Methodology
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