Global Air Purification Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
26 Aug, 2021
The air purification equipment market consists of sales of air purification equipment by entities (organizations, sole traders, and partnerships) that produce air purification equipment which is used for removing contaminants from the air in a room to improve indoor air quality. Only goods and services traded between entities or sold to end consumers are included.
Global Air Purification Equipment Market Size And Drivers:
The global air purification equipment market is expected to grow from $59.42 billion in 2020 to $61.73 billion in 2021 at a compound annual growth rate (CAGR) of 3.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $87.6 billion in 2025 at a CAGR of 9.1%. Increasing health problems due to air pollution is projected to boost the demand for the air purification equipment market.
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Trends In The Global Air Purification Equipment Market
Partnerships and collaborations by the industry players are gaining popularity in the air purification equipment market. Major companies are strategically acquiring start-ups and mid-sized companies in the air purification market to broaden products and services offered by the company. Strategic collaborations and partnership agreements help companies to expand their existing product portfolio and geographical reach.
Global Air Purification Equipment Market Segments:
The global air purification equipment market is further segmented based on product type, end user, technology and geography.
By Product Type: Stand-Alone Air Purification Equipment, Induct Air Purification Equipment
By End User: Residential, Commercial, Industrial
By Technology: HEPA, Electrostatic Precipitators, Activated Carbon, Ionic Filters, Others
By Geography: The global air purification equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Air Purification Equipment Market At:https://www.thebusinessresearchcompany.com/report/air-purification-equipment-global-market-report
Air Purification Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides air purification equipment market overviews, analyzes and forecasts market size and growth for the global air purification equipment market, air purification equipment market share, air purification equipment market players, air purification equipment market segments and geographies, air purification equipment market’s leading competitors’ revenues, profiles and market shares. The air purification equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.