Air Purification Systems Market Future Demand & Growth Analysis with Forecast up to 2024
Global Air Purification Systems Market: HEPA Purifier to Witness Lucrative Growth through 2024
The global air purification systems market is treading a growth path as quality of air continues to deteriorate amid rising infrastructural development, urbanization, and industrialization especially in developing countries. Alarming rate of deterioration of indoor air quality (IAQ) in large cities in Asia Pacific such as Beijing and Delhi is necessitating the use of air purification solutions. In additional, increasing vehicular pollution due to burning of conventional fuels calls for air purification solution. Air pollution poses high risk of health hazards to the human race; almost six million deaths each year globally are related to poor air quality.
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At present, health awareness is generally increasing among consumers. Approximately 90% of the global population breathes air that is below the standard acceptable by World Health Organization. Air pollution is considerably related to health hazards such as severe asthma, burning sensation in eyes, throat irritation, and allergic respiratory diseases. The need to maintain air quality in commercial and residential spaces is stoking the demand for air purification systems. Considering the importance of air purification solutions for environmental and health considerations, the global market for air purification systems is likely to clock a CAGR of 8.39% between 2017 and 2024.
Concerns of Serious Health Hazards Drives Adoption in Industrial Settings
Apart from this, stringent industrial emission statutes in both developed and developing countries to curb industrial pollution hazardous to the health of workers is mandating air purification solutions. High air polluting industries such as locomotive and chemicals need to be equipped with monitoring system for emissions to be within limit. The introduction of green eco-friendly air purifiers has stepped up air purification activities. These purifiers do not emit harmful gases that can be hazardous to health.
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However, on the downside, generation of harmful by-products is slowing the adoption of air purification systems. Ionic air purifiers generate ozone as a by-product. Ozone is associated with lung irritation, throat irritation, and discomfort in chest. High prices of air purifiers is also acting as a restraint to the growth of air purification systems market.
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