Research Reports
Air Treatment Products Market is projected to expand at nearly 10% CAGR over the 2021-2031
Published On :
The global air treatment products market is set to be valued at around US$ 50 Bn in 2021, with stable long-term projections as far as demand growth is concerned, according to latest revised insights by Persistence Market Research. The market is projected to expand at nearly 10% CAGR over the 2021-2031 assessment period. Building standards becoming increasingly stringent across regions is also giving impetus to market growth. Across regions, demand for air purifiers is especially high, followed by humidifiers.
CLICK HERE TO GET A SAMPLE REPORT (INCLUDING FULL TOC, TABLE & FIGURES) – https://www.persistencemarketresearch.com/samples/3543
However, demand for air treatment products waned in 2020 due to the recessionary effects of COVID-19 on construction activities, resulting in retardation in sales. However, with industrial activities picking up, demand is rising once again with substantial increase in demand from residential and commercial establishments in both, developed and developing countries.
Key Takeaways from Market Study
- Smart automation in air treatment products for automatic detection is estimated to create substantial demand growth.
- South Asia and Latin America are anticipated to be lucrative markets for air treatment products market.
- Air purifiers and humidifiers are expected to lead the market in terms of value over the forecast period.
- The commercial and residential sectors are expected to hold dominant market shares by value throughout the forecast period.
- With growing awareness regarding energy saving and greenhouse gas emissions, governments are more focused on implementing new standards for the air treatment industry. These stringent standards will create more complex projects and demand effective air treatment systems for residential and commercial buildings.
- Introduction of high-end energy-efficient air treatment products with integration to IoT and connectivity and growing need for a healthy ecosystem are expected to propel market growth.
- Integrated business planning is expected to enable manufacturers to reduce working capital costs. Leading players are following strategic mergers & acquisitions with manufacturers and distributors for long-term supply of products.
GET A CUSTOMIZED SCOPE TO MATCH YOUR NEED ASK AN EXPERT – https://www.persistencemarketresearch.com/ask-an-expert/3543
“Consumers are becoming more informed, tech-savvy, and environmentally-aware, and there is growing demand to be able to monitor air treatment systems in real-time and control them remotely. This change in behavior will result in increased demand for high-end, smart air treatment products with integration of IoT and increased connectivity,” says a Persistence Market Research analyst.
Competitive Landscape
The market is understood to be moderately fragmented, with key players accounting for nearly 46% to 48% of overall market value share. Players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Honeywell International Inc, Samsung Electronics Co., Ltd, LG Electronics Inc., Panasonic Corporation, Sharp Corporation, Daikin Corporation, and Atlas Copco AB.
Read More Trending “PMR Exclusive Article”- https://www.prnewswire.com/news-releases/air-treatment-product-market-is-projected-to-expand-at-nearly-10-cagr-over-the-2021-2031-assessment-period-301261939.html
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.
Contact us:
Persistence Market Research
305 Broadway, 7th Floor,
New York City, NY 10007
United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.
-
-
INVESTING4 days ago
Investment strategies need to be revised in an era of geopolitical uncertainty
-
-
-
NEWS1 day ago
German companies’ hiring plans drop to four-year low, Ifo finds
-
-
-
BUSINESS1 day ago
Burberry shares jump on Moncler bid report
-
-
-
Uncategorized1 day ago
Swedish government commission recommends easing mortgage repayment rules
-