Air Treatment Market Key Players Profile Outlook and Forecast Till 2030 | Research Analysis Report 2023 to 2030
The report is titled as ‘Air Treatment Market: Opportunity Analysis and Future Assessment 2023-2030’. An overview of conceptual frameworks, analytical approaches of the air treatment market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. Air treatment market is expected to grow with significant rate in the near future.
The global air treatment market in 2020 is estimated for more than US$ 17.5 Bn and expected to reach a value of US$ 34.3 Bn by 2028 with a significant CAGR of 8.8%.
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Air Treatment Introduction
Air treatment refers to the products whose prime function is to remove and eliminate the contaminants present in a room. The air treatment products purify and clean the environment, by removing the smog, particular matters, and microbes. Thus making the air clean and breathable. These products are highly beneficial for people suffering from allergies, asthma, and other breathing problems. The products like humidifiers and dehumidifiers also maintain the moisture level and control the microbes. On the basis of products, air purifiers dominate this market, whereas, on the basis of application, the commercial segment has a major market share, owing to the installation of air purifiers in hospitals, laboratories, and other places.
Air Treatment Market Dynamics
Increasing respiratory diseases coupled with the increasing per capita income are the prime factors that propel the growth of this market. Moreover, the rising health awareness and improving the standard of living are other factors that boost the need for humidifiers and dehumidifiers in the market. Factor like, advancement in technologies, accounting to the app-enabled product operations is also responsible for driving the growth of this market. However, the expensive nature of these products may hamper the growth of this market.
The global Air Treatment Market Size is expected to increase at a significant CAGR over the forecast period owing to the increasing long-term respiratory problems and premature deaths. Other factors like the installation of innovative features in the machines and its easy portability coupled with the rising health awareness are also responsible for boosting the air treatment market. However, the low adoption rate of such devices may restrict the growth of this market.
Some of the key questions answered in this report:
- Which are the five top players of the Air Treatment Market?
- How will the Air Treatment Market share change in the upcoming years?
- Which product and application will take a share of the Air Treatment Market?
- What are the drivers and restraints of the Air Treatment Market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Air Treatment Market throughout the forecast period?
- What is the current market size, what will the market size be in 2030 and what will the growth rate be?
- What are the challenges to grow in the market?
- What are the market opportunities and challenges faced by the key vendors?
- Who are the major competitors and what is their strategy?
- What are the barriers to entry for new players in the market?
Air Treatment Market Segmentation
The global air treatment market is segmented on the basis of product type, end-user, and region.
By Product Type
- Air Purifier
- Humidifier
- De-Humidifier
By End User
- Residential
- Commercial
- Industrial
Air Treatment Market Key Players
The global air treatment market is mainly dominated by
- Atlas Copco AB
- De Longhi Appliances S.r.l
- Emerson Electric Company
- General Electric Company
- Honeywell International Inc.
- LG Electronics Inc.
- Panasonic Corporation
- Samsung Group
- Sharp Corporation
- Winix Inc.
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