Air Purification Systems Market Global Industry Analysis 2016 - 2024 Nov 2016 | Seite 2

Air Purification Systems Market

REPORT DESCRIPTION

Air Purification Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
The global air purification systems market features an essentially fragmented competitive landscape, with
the top six vendors in the market collectively accounting for a nearly 45% of the overall market in 2015,
observes a recent report by Transparency Market Research (TMR). These top vendors, namely Sharp Corp.,
Jarden Corp., Panasonic Corp., Honeywell International Inc., Daikin Industries Ltd., and Philips NV maintain
their stronghold in the global market with the help of strategically located production and logistics assets
and diversified product portfolios. Well-established brand names are also key to the top positions of these
vendors in the market.
However, the struggle to gain sustainable profits, especially in regional pockets that feature easy
availability of cheaper technology and substitutes, is tough. The situation is markedly challenging in
emerging economies wherein the cost of product plays a key role in purchasing decisions. Nevertheless,
the high growth opportunities in these regions are bringing in international players through mergers,
acquisitions, and collaborations. For instance, in order to capture the market in Asia, especially India, Sharp
Corporation recently announced it had entered into a partnership with QNET to market its air purifier
product ‘Plasmacluster’ on the latter’s redemption e-store.
Complete Report with TOC : http://www.transparencymarketresearch.com/air-purification-systemmarket.html
According to TMR, the global air purification systems market will exhibit an 8.4% CAGR over the
period between 2016 and 2024, rising from a valuation of US$12.06 bn in 2015 to US$24.83 bn
by 2024.
Thanks to High Pace of Industrialization, Asia Pacific to Remain Key Consumer of Air Purifiers
In terms of end-user, the global air purification system market acquired more than 40% of its overall
revenues from sales in the industrial sector in 2015. In the next few years as well, the demand for air
purification systems across the industrial sector will be the most lucrative as compared to other end-use
sectors. Geographically, the market earns a dominant share of the overall revenue from sales across Asia
Pacific. The Asia Pacific air purification systems market accounted for more than 30% of the market in 2015
and is expected to remain dominant over the forecast period as well.
Worsening Levels of Air Pollution in Emerging Economies to Drive Market
The global air purification systems market in developing regions is primarily driven by the increasing
urbanization and industrialization, especially in countries such as China and India. The starkly degrading
quality of air, followed by the rising concerns regarding harmful effects of air pollution on human health in

Transparency Market Research

2