Air Purification Equipment: A North American Market Report
San Jose, CA (PRWEB) February 17, 2009
Market for air purification equipment has been gaining momentum as a result of rising concerns over indoor air quality and increasing health consciousness among consumers. Products within this group that until recently had been viewed as a luxury, are now found in a large number of residential homes and commercial workspaces.
Growth in the air purification equipment market, especially in the residential end-use market has historically been driven by economic conditions, such as, growth in GDP, rising disposable incomes, and rise in investments in home improvement, and renovations. Rapidly aging baby-boomer population, and increase in amount of time spent indoors represent other major factors dictating growth in the marketplace. Manufacturers will face an expanding market within residential, and light commercial establishments, though the sector is likely to turn fiercely competitive as an increasing number of entrants target this market. Increase in consumer spending power and investments made in home improvement, also contributed to the growing market of air purification equipment. Product types expected to score the maximum gains in the marketplace include multi-functional air purifiers, which feature the ability to humidify, deodorize and capture, and eliminate dust, pollen, bacteria, and viruses.
Growing media focus on poor indoor air quality, health-related issues, and outbreak of epidemics, have played instrumental roles in stepping up consumer awareness, and have steered up the importance of indoor air quality in commercial buildings, homes, and schools. Stand-Alone Air Purification Equipment market, which hitherto dominated the market for air purification equipment market, is forecasted to lose market share to induct units in the upcoming years. Growth in induct units can be attributed to improved penetration rates, owing to the increase in the number of people adopting high-end products. The market for Induct Air Purification Equipment in Canada is forecast to grow at more than 10% over the analysis period.
Key players dominating the North American Air Purification Equipment market include AeroMed Inc, AllerAir Industries, Blueair Inc, Eco-Rx Inc, Hamilton Beach Inc, Honeywell International Inc, Hunter Fan Company, IQAir North America Incorporated, Jarden Corporation, Kaz Inc, Kronos Air Technologies, Lennox International Inc, Oreck Corporation, Sanuvox Technologies Inc, Sanyo Electric Group, Sharp Corporation, Steril-Aire Inc, and Trion Inc., among others.
The report titled "Air Purification Equipment: A North American Market Report" published by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, regulatory environment, product overview, key market trends & restraints, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and provides analytics in value and volume sales for North American Air Purification Equipment market analyzed by the following product segments - Stand-alone Air Purification Equipment (Media Combinations, ESP, Plasma, and Others) and Induct Air Purification Equipment (Media Combination, UV, ESP, Photocatalytic Oxidation, and Others). The report also offers latent demand estimates for Air Purification Equipment by Contaminant Removal Feature - Air Purifiers With Odor Removal Features (Stand-Alone and Induct) and Air Purifiers Without Odor Removal Features (Stand-Alone and Induct).
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