Air Purification market size is projected to reach USD 20.65 billion by 2020, at a projected CAGR of 7.38%
The global air purification market size is projected to grow from USD 14.46 billion in 2015 to reach USD 20.65 billion by 2020, at a projected CAGR of 7.38%. The air purification market is driven by the increasing rate of air pollution due to rapid industrialization and its adverse impact on human health.
“Use of air purification systems in the automotive sector projected to increase during the forecast period.”
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The automotive sector is projected to be the fastest-growing end-use sector in the next five years. 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.
Breakdown of Primaries:
Primary interviews were conducted with a number of industry experts in order to collect data related to the different aspects of the air purification market. Estimates reached after analyzing secondary sources were validated through these interviews. Primary sources include professionals such as air purification systems manufacturers, dealers, and distributors. The following figure provides a breakdown of the type of companies to which the primary sources belong, the number of primaries by designation, and their regional break-up.
• By Company Type:
o Tier 1 – 50%
o Tier 2 – 17%
o Tier 3 – 33%
• By Designation:
o Director level – 57%
o Others – 43%
• By Region:
o North America – 57%
o Europe – 14%
o Asia-Pacific – 29%
The various key air purification companies profiled in the report are as follows:
1. Honeywell International Inc. (U.S.)
2. 3M Company (U.S.)
3. Sharp Corporation (Japan)
4. Daikin Industries, Ltd. (Japan)
5. Air Products and Chemicals, Inc. (U.S.)
6. Clean TeQ Holdings Limited (Australia)
7. Alfa Laval AB (Sweden)
8. SPX Corporation (U.S.)
9. Mann+Hummel GmbH (Germany)
10. Clarcor Inc. (U.S.)
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the air purification market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments across the different verticals and regions.
2. The report helps stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand their competitors and gain more insights about their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, agreements, partnerships and joint ventures, and acquisitions.
Table of content
1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 21
1.3 STUDY SCOPE 21
1.3.1 YEARS CONSIDERED 22
1.4 CURRENCY CONSIDERED 22
1.5 PACKAGE SIZE 22
1.6 STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 RESEARCH DATA 23
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.2 MARKET SIZE ESTIMATION 26
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 28
2.4 MARKET SHARE ESTIMATION 28
2.5 RESEARCH ASSUMPTIONS & LIMITATIONS 29
2.5.1 ASSUMPTIONS 29
2.5.2 LIMITATIONS OF THE RESEARCH STUDY 30
3 EXECUTIVE SUMMARY 31
3.1 AIR PURIFICATION MARKET EVOLVED SIGNIFICANTLY TO ITS CURRENT POSITION SINCE 1823 32
3.2 AIR PURIFICATION MARKET: DRIVING FACTORS 32
3.3 DUST COLLECTORS SEGMENT PROJECTED TO GROW AT THE HIGHEST RATE IN THE AIR PURIFICATION MARKET IN 2020 33
3.4 AUTOMOTIVE TO BE THE LARGEST END-USE SECTOR FOR AIR PURIFICATION SYSTEMS BY 2020 34
3.5 ASIA-PACIFIC IS PROJECTED TO DOMINATE THE AIR PURIFICATION MARKET BY 2020 35
3.6 AIR PURIFICATION MARKET IN CHINA WITNESSED THE HIGHEST GROWTH IN 2014 36
4 PREMIUM INSIGHTS 38
4.1 EMERGING ECONOMIES TO HAVE HIGHER DEMAND FOR AIR PURIFICATION SYSTEMS 38
4.2 HEPA SEGMENT IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2015 TO 2020 39
4.3 DUST COLLECTORS CAPTURED THE LARGEST SHARE IN ASIA-PACIFIC IN 2014 40
4.4 CHINA DOMINATED THE AIR PURIFICATION MARKET IN 2014 41
4.5 AUTOMOTIVE WAS THE MAJOR END-USE SECTOR FOR AIR PURIFICATION APPLICATION I
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