Air treatment is the method/technology of purifying the pollutants and harmful emissions out of the environment. This method can be used with a number of different products and installed in houses, factories and the open environment as well. The rising level of pollutants and rise in industrialization has led to a rapid demand for air treatment methods and products.
Air treatment market is estimated to grow to an estimated value of USD 32.21 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026, this rising trend can be attributed to the increasing urbanization and industrialization which has resulted in high level of pollutants in the environment and renewed levels of demand for air treatment and purification during the manufacturing of electronics & semiconductors products.
Competitive Analysis: Global Air Treatment Market
Global air treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of air treatment for global, Europe, North America, Asia-Pacific and South America.
Key Market Competitors: Global Air Treatment Market
Few of the major market competitors currently working in the global air treatment market are Freudenberg & Co. KG, Donaldson Company Inc., PARKER HANNIFIN CORP, Ahlstrom-Munksjö, MANN+HUMMEL, Cummins Inc., Camfil, Atlas Copco AB, Honeywell International Inc., 3M, Unilever, Foxconn Electronics Inc., DAIKIN INDUSTRIES Ltd., Robert Bosch GmbH, SAMSUNG, LG., Panasonic Corporation, De’Longhi Appliances S.r.l., Winix Inc., GENERAL ELECTRIC, Emerson Electric Co., Alticor Inc., Electrolux, and Hengst SE.
Market Drivers:
Increased pollutant emissions with the growing industrialization and urbanization is expected to act as a major market driver
Need for efficient treatment methods due to the stringent regulations put forth by the authorities
Incremented demand for higher environmental effectiveness in factories and mechanical equipments; this factor is expected to drive the growth of the market
Market Restraints:
Increased usage and demand of hybrid vehicles, which will decrease the pollutant levels impacting and restraining the market growth
Emergence and advancements in energy sources which produce less amount of pollutants, rendering the air treatment market unnecessary and hence, restraining its growth
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