Air Treatment Market Analysis, Size, Share, Growth, Trends, and Forecast by 2031

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.

Air Treatment Market Analysis

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.

Air Treatment Market Overview

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.

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Air Treatment Market: Strategic Insights

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Air Treatment Market Drivers and Opportunities

Growing Industrialization to Favor Market

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.

Introduction of Wearable and Giant Air Treatment Products

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.

Air Treatment Market Report Segmentation Analysis

Key segments that contributed to the derivation of the air treatment market analysis are type and application.

• Based on the type, the air treatment market is divided into dryers, industrial filters, specialty filters, and condensate management. The industrial filters segment held a larger market share in 2023.
• By application, the market is segmented into general industry, food and beverage, pharmaceutical, oil and gas, chemical and petrochemical, and mining. The pharmaceutical segment held a significant share of the market in 2023.

Air Treatment Market Share Analysis by Geography

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.

Air Treatment Market Regional Insights

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.

Air Treatment Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. Beko Technologies
2. Donaldson Company, Inc.
3. Parker Hannifin
4. Honeywell International Inc
5. Hongrijia Depurate Facility Science?Technology Co.,Ltd
6. Ingersoll Rand Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Air Treatment Market News and Recent Developments

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:

• Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, closed on the acquisition of Friulair S.r.l. (“Friulair”) in an all-cash upfront purchase price of approximately US$ 146 Million. (Source: Ingersoll Rand Inc, Press Release, February 2024)
• Honeywell International Inc. launched its Indoor Air Quality (IAQ) monitor, which alerts building owners and operators of potential issues to proactively improve indoor air quality, thereby potentially decreasing the risk of transmitting airborne contaminants. (Source: Honeywell International Inc., Press Release, February 2022)

Air Treatment Market Report Coverage and Deliverables

The “Air Treatment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Air treatment market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Air treatment market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Air treatment market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the air treatment market
• Detailed company profiles