The air treatment market size is projected to reach US$ 15,124.36 million by 2031 from US$ 8,665.25 million in 2023. The market is expected to register a CAGR of 7.2% during 2023–2031. The innovation of advanced air treatment products is likely to remain a key trend in the market.
The major end-users of the air treatment market include power, food and beverages, and petrochemical sectors. Urban growth is projected to take place in slums and other informally built parts of the states and countries in the coming years. Furthermore, favorable growth conditions globally and growing infrastructural projects have propelled the growth rate of the air treatment market globally.
The key stakeholders in the global air treatment market ecosystem include hardware/component providers, air treatment manufacturers/providers, and end-users. Component/hardware providers provide various components/parts/raw materials to air treatment manufacturers for the manufacturing of the end product. Different types of raw materials are used to make air treatment products. Some of the key market manufacturers in the global air treatment market include ABIONIK Group GmbH, Beko Technologies, Donaldson Company, Inc., Condorchem Envitech, Parker Hannifin, Kaesar Kompressoren, Mikropor, Odatech Pty Ltd., SPX FLOW, Inc., and Xebec Adsorption Inc among many others.
The air treatment industry is driven directly or indirectly by vigorous government measures to support the industrial sector, such as those undertaken by major regions such as North America and Europe, through various forums. Policies in Europe are beneficial for the development of the business, which is one of the reasons behind the growth of the electronic industry and SMEs in Europe. The formation of the EU region has led to ease of business, import, and export among the members of the union. These industries are very common in this region. Thus, the growing development of the industrial sector is steering the demand for the air treatment market globally.
Air filtration systems are installed to ensure safety in industrial workplaces. The rising trend of air treatment systems helps in capturing the smallest fume particles in industrial areas. Advanced metal fabrication leveraged advanced technology and automation processes to produce products that release heating processes, harmful gases, and fumes as a by-product of welding. This has fueled the installation of dust collector systems with high-quality filtration cartridges. The growing advent of wearable and giant air treatment products in the industrial sector is one of the major growth opportunity providers for the market in the coming years.
Key segments that contributed to the derivation of the air treatment market analysis are type and application.
The geographic scope of the Air Treatment market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America is leading the market. The population of the US has an elevated standard of living, and the spending capacity of people is also immense owing to the high per capita income of the country. This results in the use of more facilities and increases the consumption of resources in the region. This will further result in a rising need for fresh air in the country, thus influencing the growth of the air treatment market. North America is a technologically advanced region. Smart air purifiers have witnessed high adoption in this region. These technologies, when integrated with machines, provide efficiencies to the end-users. More deployments call for more competition in the region along with the growth of the entire industry leading to market development and innovations.
The regional trends and factors influencing the Air Treatment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Air Treatment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 8,665.25 Million |
| Market Size by 2031 | US$ 15,124.36 Million |
| Global CAGR (2023 - 2031) | 7.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Air Treatment Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Air Treatment Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Air Treatment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Air Treatment market are listed below:
The “Air Treatment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
North America dominated the air treatment market in 2023.
The introduction of wearable and giant air treatment products is the future trend of the air treatment market.
Beko Technologies, Donaldson Company, Inc., Parker Hannifin, Honeywell International Inc, Hongrijia Depurate Facility Science＆Technology Co., Ltd, Ingersoll Rand Inc., Kaesar Kompressoren, Mikropor, OMEGA AIR d.o.o. Ljubljana ORION Electronics Ltd. is some of the leading players in the market.
US$ 15124.36 million estimated value of the air treatment market by 2031.
7.2% is the expected CAGR of the air treatment market.