Air Purification Equipment: A Global Strategic Business Report
San Jose, California (PRWEB) June 06, 2014
Follow us on LinkedIn – Air purification equipment, popularly known as air purifiers, play an important role in improving indoor air quality (IAQ) in both residential homes and commercial workspaces. Air purification involves filtering out airborne contaminants such as dust, pollen, smoke, mold, bacteria, and viruses, which trigger all kinds of allergies and respiratory disorders. Tuberculosis, COPD, Pneumonia are few of the many diseases that are linked to indoor air pollution. Air purifiers are designed to help transform stale and polluted indoor air into fresh breathable air. The strong evolution of the air purification equipment market over the years is primarily attributed to rising concerns over indoor air quality and increasing incidence of allergic respiratory disorders.
Growing media focus on poor IAQ and their health-related issues, litigations, and outbreak of epidemics such as SARS, anthrax and bird flu have played instrumental roles in the spectacular rise in public awareness regarding germs, mold, and other unwelcome bacteria/viruses that share our environment in homes and offices. All of these factors together with new research studies shedding light on the magnitude of the problem caused by indoor air pollution are leading to a gradual dissolution of the misconception that air pollution is confined to the great outdoors. This, thereby, is translating into significant demand for air purifiers in commercial buildings, homes, and schools. Rapidly aging baby-boomer population and increase in the amount of time spent indoors represent other major factors dictating growth in the marketplace. Rising incidence of asthma, recurrent allergic rhinitis, bronchitis, and other allergy related respiratory disorders is also expected to bode well for high efficiency particulate air (HEPA) purifiers that can eliminate around 99.99% of pollutants in the air including microorganisms, bacteria and viruses.
The market is also poised to benefit from product advancements targeted at user-friendliness, low price, reduced noise levels, energy efficiency, and higher purification efficiency. Few of the current models of air purifiers are capable of removing pollutants from indoor air that are about 18,000 times smaller than the size of a paper pin. 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. Personal air purifiers, which represent a convenient way of staying healthy when away from home, and car air purifiers represent niche products that have significant potential for future growth.
As stated by the new market research report on Air Purification Equipment, the United States represents the largest market worldwide. Asia-Pacific is forecast to spearhead growth worldwide with a CAGR of 18.6% over the analysis period. Rising levels of pollution driven by growing population, industrialization and urbanization and heightened concerns with regard to health represent key growth drivers in the region. Demand for air purifiers in the region is also being spurred by strong construction activity in residential and non-residential sectors to meet the demands of an expanding urban population and increased commercial and manufacturing activity.
Key players covered in the report include AeroMed Inc., AllerAir Industries Inc., Aprilaire, Blueair, Inc., Honeywell International Inc., IQAir North America Incorporated, Jarden Corporation, Lennox International Inc., Royal Philips Electronics, Sanuvox Technologies Inc., SANYO Electric Co. Ltd., Sharp Corporation, Steril-Aire Inc., Trion Inc., and White-Rodgers, among others.
The research report titled “Air Purification Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, challenges, product launches and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. Product segments analyzed include Stand-Alone Air Purification Equipment and In-Duct Air Purification Equipment.
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Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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