Industrial Air Purifiers Market to Garner $4.16 Bn, Globally, by 2027 at 5.8% CAGR: Allied Market Research
02 Jun, 2020, 14:50 BST
- Rise in occupational hazards for industrial workers, deteriorating indoor air quality, and government initiatives for maintaining air quality in workspaces drive the growth of the global industrial air purifiers market
PORTLAND, Oregon, June 2, 2020 /PRNewswire/ -- Allied Market Research recently published a report, "Industrial Air Purifiers Market by Type (Molecular and Particulate Industrial Air Purifiers), Portability (Portable and Non-portable), and End-user Industry (Food & Beverage, Metal Processing, Agriculture, Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027". According to the report, the global industrial air purifiers industry was pegged at $2.71 billion in 2019, and is expected to reach $4.16 billion by 2027, growing at a CAGR of 5.8% from 2020 to 2027.
Major determinants for the market growth
Rise in occupational hazards for industrial workers, deteriorating indoor air quality, and government initiatives for maintaining air quality in workspaces drive the growth of the global industrial air purifiers market. However, lack of awareness for indoor air quality and high product costs associated with increased energy consumption hamper the market. On the contrary, technological advancements in the air purification systems are expected to create new opportunities for the market player in the coming years.
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COVID-19 impact: The pandemic has positively affected the global industrial air purifiers industry.
- The sudden change in the source of revenue for transport operators has resulted in the shortfall of funds. This negatively impacted the supply chain.
- There are shortages of raw materials or metals required for manufacturing, as these goods come from or routed through logistical hubs in impacted areas.
Non-Portable industrial air purifiers dominated the market
By portability, the non-portable segment held the largest share in 2019, accounting for nearly two-thirds of the global industrial air purifiers market, owing to its high air purification capacities. However, the portable segment is expected to register the highest CAGR of 7.1% during the forecast period, due to its ease of utilization of portable air purifiers.
Metal processing segment to manifest the highest CAGR through 2027
The metal processing segment held the largest share in 2019, contributing to nearly one-fourth of the global industrial air purifiers market. Moreover, the segment is expected to register the highest CAGR of 7.7% during the forecast period, increased adoption of air purification systems in the metal processing industry. The report also analyzes segments including food & beverage, agriculture, construction, and others.
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Asia-Pacific, followed by Europe and North America, held the largest share
The global industrial air purifiers market across Asia-Pacific held the largest share in 2019, accounting for more than one-third of the market. Moreover, the region is expected to portray the highest CAGR of 7.5% during the forecast period, due to economic development and increase in awareness regarding the use of air purifiers in several industries. The market across North America is expected to register the highest CAGR of 4.0% through 2027.
Major market players
- Camfil
- SPX Corporation
- Honeywell International Inc.
- Parker Hannifin Corporation
- Trotec GmbH
- VFA Solutions B.V.
- Euromate BV
- Airoshine Air Purifiers
- Daikin Industries, Ltd. (AAF International)
- Mankastu Impex Pvt. Ltd. (Atlanta Healthcare)
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