Global Air Treatment Market (2021-2026) by Product Type, Technology Type, Application, End User and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Air Treatment Market is estimated to be USD 12,500 Mn in 2021 and is expected to reach USD 29,850 Mn by 2026, growing at a CAGR of 19.0%.

Market Dynamics

An air purifier is used to reduce the amount of Total Volatile Organic Compounds (TVOCs), particle matter (2. 5-10 m), smoke, dust, toxic chemicals, gases, and other contaminants in the air.

The rising frequency of respiratory disorders such as asthma and Chronic Obstructive Pulmonary Disease (COPD) among the world's expanding population is a major factor driving the demand for air treatment. The worldwide market is primarily driven by the air conditioning system's increasing need for air purifiers to alleviate the worsening air quality caused by rapid industrialization, which results in high industrial discharge. Furthermore, the growing car fleet, which results in increased emissions of air pollutants, particularly in developing nations, increases the demand for air purifiers. Similarly, rising consumer awareness of the negative impact of degraded indoor air quality caused by the increased use of synthetic construction materials has stimulated product demand in the residential sector. Furthermore, governments' implementation of strict regulations in developed countries and various awareness initiatives emphasizing air purifiers boost the market growth. Furthermore, significant technical developments in air purification technology and the rising popularity of Internet-of-Things (IoT)-based devices have resulted in the market introduction of smart air purifiers.

However, the high cost of maintaining air treatment systems is a significant concern that is predicted to limit demand for air treatment products.

Market Segmentation

The Air Treatment Market is segmented further based on Product, Technology, Application & End User.

By Product, the market is classified into Dust Collectors, Fume/Smoke Collectors, Engine Exhaust Systems, Mist Eliminators, Fire and Emergency Exhaust Systems, and Others. Dust Collectors segment is expected to hold the largest share of the air treatment market.

By Technology, the market is classified into HEPA Filters, Electrostatic Precipitators, Activated Carbon, UV Filters, Ionic Filters, and Conventional Filters. HEPA filters are likely to account for the largest share of the air treatment market.

By Application, the market is classified into Exhaust Air and Compressed Air. The compressed air segment accounted for the largest market share of the air treatment market.

By End User, the market is classified into Manufacturing, Automotive, Oil & Gas, Power Generation, Pulp & Paper, Commercial, and Residential. The manufacturing industry is expected to hold the largest share of the air treatment market.

By Geography, North America is projected to lead the market.

Recent Developments

1. Daikin buys air handling the unit business of Citizen Industries - 20th Dec 2020
2. Atlas Copco Acquires New England Compressor Distributor - 11th May 2021
3. Cummins closes on its acquisition of hydrogenic - 25th Sep 2019

Company Profiles

Some of the companies covered in this report are 3M, Atlas Copco, Cummins Inc, Daikin, Foxconn Electronics, Honeywell, LG Electronics, Panasonic, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Air Treatment Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market