The adoption of air treatment solutions has increased significantly in recent years, and this trend is likely to continue during the forecast period. Rapidly changing customer expectations and behavior, as well as preference for automated air treatment devices, further boost the demand for air treatment products, such as air purifiers, air conditioners, and humidifiers, globally. To control the spread of COVID-19, the stay-at-home mandates and work-from-home policies have propelled the demand for air purifiers. Moreover, air purifiers are in high demand in hospitals, universities, and government facilities. Changing lifestyle preferences, decreasing indoor air quality, rising health concerns, and growing consumer knowledge are among the major factors driving the market for air purifiers.
Growing Incidents of Chronic Health Issues due to Air Pollution is Driving the Growth of Air Treatment Market
The global air treatment market is dominated by major players that collectively account for a huge share of the overall market. These companies are strategically focused on the introduction of innovative, high-efficiency products, as well as acquisition and merger activities. Air pollution is a major cause of morbidity and mortality worldwide. China is the world’s fastest-growing and greatest developing country, and it reports one of the highest air pollution-related mortality rates in the world due to the worsening air pollution levels. Furthermore, in 2019, ambient particulate matter pollution was ranked as the fourth-leading cause of the loss of years of life among people in China. As a result, the necessity for treatment of air has been a key focus of governments globally, contributing to the expansion of air treatment market. Thus, growing incidents of chronic health issues owing to air pollution is the key factor driving the market growth over the forecast period.
Some of the key market players in the global air treatment market includes Beko Technologies; Donaldson Company, Inc.; Friulair Srl; Guangzhou Hanyue Purification Technology Co.; 15Hongrijia Depurate Facility Science and Technology Co. Ltd.; Ingersoll Rand Inc.; KAESAR KOMPRESSOREN; Mikropor; OMEGA AIR d.o.o. Ljubljana; ORION Electronics Ltd.; SPX FLOW, Inc. and Xebec Adsorption Inc.; among others.
