Air Purification System Market Size, Share, Sales, Analysis, Industry Competition & Player Profiles, 2020 – 2030

in air •  4 years ago 

The Global Air Purification System Market size was estimated to be US$ 9.1 billion in 2019 and is expected to grow at a CAGR of 11.8% through 2030. Rising air pollution, growth of air borne infectious diseases, increasing disposable income per capita, and technological advancement in air purification systems are the key farces influencing the growth of the global air purification system market. An air purification system breath in air from confined surroundings, processes it through filtration system to remove harmful allergens such as dust, pollen, or bacteria, and release the clean air back into the surrounding. Air purification systems have emerged as a necessity across major counties due to rise in air pollution levels and are increasingly disposable income per capita. Along with residential & commercial applications, the demand for high efficiency air purification systems from industrial applications has increased significantly during past decade for treatment of air containing smoke, oil particulates, mist and other pollutants. Leading players active in the market are focusing on development of advanced air purification systems at affordable prices for residential consumption. This is anticipated to fuel the demand for air purification systems across mid-income and low-income countries in coming years. The global air purification system market is expected to witness prominent growth during the forecast period.

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