PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509307
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1509307
Global Air Purification Systems Market to Reach US$22.2 Billion by 2030
The global market for Air Purification Systems estimated at US$15.4 Billion in the year 2023, is expected to reach US$22.2 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2023-2030. HEPA Filter Technology, one of the segments analyzed in the report, is expected to record a 6.6% CAGR and reach US$8.2 Billion by the end of the analysis period. Growth in the Ionic Filter Technology segment is estimated at 4.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$4.2 Billion While China is Forecast to Grow at 9.0% CAGR
The Air Purification Systems market in the U.S. is estimated at US$4.2 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 9.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.1% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.
Air Purification Systems - Key Trends and Drivers
Air purification systems are essential devices designed to remove contaminants from the air, significantly improving air quality in various environments. These systems target pollutants such as dust, pollen, pet dander, mold spores, smoke, volatile organic compounds (VOCs), and other airborne particles. They are commonly used in residential settings, commercial spaces, hospitals, industrial facilities, and other areas where maintaining clean air is crucial for health and comfort. Different types of air purification systems include HEPA filters, activated carbon filters, UV purifiers, ionizers, ozone generators, photocatalytic oxidation purifiers, and hybrid systems, each with unique methods and benefits for eliminating contaminants from the air.
The growth of the air purification systems market is driven by several key factors. Increasing awareness about the adverse effects of poor air quality on health, including respiratory issues, allergies, and cardiovascular diseases, is a significant driver. Industrialization and urbanization have led to higher pollution levels, necessitating the use of air purifiers to ensure safe indoor air. Additionally, stringent government regulations on air quality standards and emissions compel industries and commercial facilities to adopt air purification systems to comply with legal requirements. Technological advancements have also played a crucial role, making air purifiers more efficient and accessible. For instance, the development of smart air purifiers with real-time monitoring capabilities and integration with home automation systems has enhanced their appeal among consumers.
The increasing adoption of stand-alone air purification systems is a prominent trend, particularly in regions with high pollution levels such as India and China. These portable units offer flexibility and effectiveness in removing airborne particles within enclosed spaces. Another significant trend is the growing popularity of smart air purifiers, which can be controlled remotely via smartphones and provide real-time air quality data. Energy-efficient air purifiers are also gaining traction as consumers seek to reduce their environmental footprint and save on energy costs. Furthermore, the rise in the geriatric population and the prevalence of respiratory diseases are driving demand for advanced air purification solutions in healthcare settings. The heightened awareness about indoor air quality continues to boost the demand for air purifiers in homes, offices, and public spaces to mitigate the spread of airborne diseases.
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