Air Purification Market Size - Will Reach USD 20.65 Billion by 2020

Dec 14, 2015, 02:00 ET from Research and Markets

DUBLIN, December 14, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/vd47ks/air_purification) has announced the addition of the "Air Purification Systems Market - Forecast to 2020" report to their offering. 

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This industry projects that the air purification market size will grow from USD 14.46 Billion in 2015 to reach USD 20.65 Billion by 2020, at an estimated CAGR of 7.38%. Accelerated urbanization, growth in infrastructural activities, and increasing industrialization has multiplied the rate of air pollution in the environment which has resulted in the need for air purification systems across the globe.

The increasing income and spending capacity of people in developing economies and increasing demand in various end-use sectors such as automotive, building & construction, healthcare & medical, manufacturing, and energy & utilities are the major factors driving the growth of the air purification market. The strict regulations pertaining to industrial emissions and concern about occupational health and safety of the workers have led the industrial and commercial sector bodies to prioritize the concern for air purification needs at all their operating and manufacturing facilities. 

The end-use sectors of air purification systems are automotive, energy & utilities, construction, manufacturing, healthcare & medical, and others which include residential, education, aviation, and hospitality sectors. The automotive sector accounted for the largest market share in 2014 and is projected to be the fastest-growing market for air purification systems from 2015 to 2020.

The rising demand for automobiles across the world and the increasing concern for indoor air quality of automobiles are expected to drive the automotive air purification market. The construction and healthcare & medical sectors are expected to follow automotive sector, registering the second- and third-highest CAGR, respectively, during the forecast period. 

Companies Profiled:  

  • 3M Company
  • Air Products And Chemicals, Inc.
  • Alfa Laval AB
  • Clarcor Inc.
  • Clean Teq Holdings Limited
  • Daikin Industries, Ltd.
  • Honeywell International Inc.
  • Mann+Hummel Gmbh
  • SPX Corporation
  • Sharp Corporation

Report Structure: 

1 Introduction 

2 Research Methodology 

3 Executive Summary

4 Premium Insights 

5 Market Overview 

6 Air Purification Market, By Product 

7 Air Purification Market, By Technology 

8 Air Purification Market, By End-Use Sector 

9 Air Purification Market, By Region 

10 Competitive Landscape

11 Company Profiles 

For more information visit http://www.researchandmarkets.com/research/vd47ks/air_purification

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