The global air treatment products market will grow at the rate of 9.7% in the next 10 years – Persistence Market Research (PMR).
Air treatment products, as the name suggests, treat the air to be free from particulate matters, smog, and micro-organisms, so as to make the air breathable and clean. These products prove to be mandatory for the ones who suffer from asthma, allergy to dust, and likewise. Plus, they help in getting rid of 2nd-hand tobacco smoke as well. The present-day dehumidifiers and humidifiers help in adjusting the level of moisture as well.
It’s important to know that air pollutants like particulate matter (PM10, PM2.5), smog, and several harmful gases do cause chronic respiratory disorders. People in the developing countries have also started taking cleanliness of air as a matter to be addressed on priority. This factor is especially expected to take the entire air treatment products market by storm in the years to come.
What more could be taken from Air Treatment Products Market?
Persistence Market Research (PMR) has segregated the air treatment products market with regards to product type and end-user. It has also gone two steps further with entailing the sub-section that is ruling the roost.
By type of product, air treatment products market spans humidifier, air purifier, and de-humidifier. End-user wise, it says industrial, commercial, and residential. Out of these, the commercial sector dominates the market, more so due to demand in hospitality CAMs (Complementary and Alternative Medicines), educational institutes, and offices, and also due to surge in smart automation in the commercial sector at large.
However, in countries like China, the residential sector takes the lead due to air pollution rising at an alarming rate herein. As such, the upcoming period is slated to witness an exorbitant increase in demand for humidifiers and air purifiers in this region.
Region-wise Analysis
Persistence Market Research (PMR) has stretched its research through the latitude and longitude of ait treatment products market through various geographies. It says –
North America and Europe have reached the saturation stage regarding air treatment products. This could be attributed to stern regulations regarding quality of compressed air that is used in manufacturing processes. Plus, problem of air pollution is being addressed herein since the last many years.
However, the Asia-Pacific is expected to grow at the fastest rate going forward. Due to the seriousness percolating regarding the cleanliness of atmosphere. Plus, the fact that clean and dry air helps in extension of the equipment’s life can’t be ruled out.
Competitive Analysis
The key market participants captured by Persistence Market Research (PMR) include Samsung Group, Atlas Copco AB, LG Electronics Inc., Panasonic Corporation, Sharp Corporation, De’Longhi Appliances S.r.l, Honeywell International Inc., General Electric Company, Winix Inc., Emerson Electric Company. Sharp’s patented “Plasmaculster” ion technology does eliminate even the microscopic pollutants by making way for negative and positive ions from the water vapour in air. The basic advantage is that air gets refreshed without any harmful perfumes or chemicals being added to it.
Towards A Renewable Airflow
Persistence Market Research (PMR) harps on the fact that the future is there to witness ultraviolet air treatment products with solar panels. The utilization of power is poised to be minimal due to solar panels. Though operation in monsoon would be a major problem, it could be made up by using energy that is supplied by grid. Likewise, it could be inferred that renewable energy resources are likely to be the unique selling point of air treatment products market in the forecast period.
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