Air Purification Equipment Manufacturing in the US Industry Market Research Report from IBISWorld Has Been Updated

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As the economic recovery enters the tail-end of its lifecycle, conditions are beginning to normalize, as is revenue for the Air Purification Equipment Manufacturing industry; over the five years to 2020, the industry is expected to experience a higher, albeit still unimpressive, level of growth, as the industry will likely witness continued slow growth in demand from the industrial, business and consumer markets. For these reasons, industry research firm IBISWorld has updated a report on the Air Purification Equipment Manufacturing industry in its growing industry report collection.

Over the past five years, the Air Purification Equipment Manufacturing industry experienced several years of uneven sales growth. An expected 1.3% jump in 2015 revenue will bring total industry revenue to $3.0 billion. However, this total will remain well below the prerecession high, representing a 1.0% annualized growth over the five years to 2015. The three main domestic markets (industrial manufacturers, other businesses and consumers) drastically reduced demand for air purification equipment in 2011 as a result of falling revenue due to weak business and industrial demand. Regardless, demand has steadily, albeit slowly, recovered in the years since.

According to IBISWorld Industry Analyst Edward Rivera, “International trade has been a bright spot for air purifier manufacturers.” The appreciating dollar caused exports to shrink during some years of the economic recovery and growth in others, eventually aiding overall revenue growth. In addition, an appreciating dollar has resulted in increased import activity. The dollar began appreciating in value in 2012 and is expected to continue appreciating through 2020. While this will slow export growth and increase import growth in the future, the existing trade deficit will only grow slightly over the next five years.

“In the five years to 2020, the industry will continue to experience slow growth,” says Rivera. Demand growth from the industrial sector will somewhat wane but continue over the next five years. Business and consumer demand growth, however, will accelerate slightly over the next five years as these markets shake off the lingering effects of the slow recovery. Growing revenue will stimulate profit growth.

For more information, visit IBISWorld’s Air Purification Equipment Manufacturing in the US industry report page.

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IBISWorld industry Report Key Topics

Establishments in the Air Purification Equipment Manufacturing 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.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

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Gavin Smith
IBISWorld
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