Industrial Air Purifiers Market Size and Forecast 2027
Market dynamics
However, high initial cost of industrial air purifiers is a major restraining factor of the global market. These air purifiers have high air intake capacities and utilize highly efficient filter technologies, which are expensive as well as consume large amount of electricity for operation, thereby hampering the global industrial air purifiers market growth.
On the contrary, various technological advancements in air purification systems and inclusion of smart technologies are anticipated to create lucrative opportunities for the expansion of the market during the forecast period.
The metal processing end-user industry segment accounted for maximum global industrial air purifiers market share in 2019, owing to high amount of pollutants let out during metal processing activities, which fuels the need for air purifiers. By type, the molecular segment generated highest revenue, owing to surge in demand for molecular air purifiers.
By Type
Molecular segment is projected to grow at a significant CAGR
The global industrial air purifier market is segmented into type, portability, end-user industry, and region. By type, the market is categorized into molecular and particulate. On the basis of portability, it is classified into portable and non-portable. Deepening on end-user industry, it is segregated into food & beverage, metal processing, agriculture, construction, and others.
By End-user Industry
Metal processing segment holds dominant position in 2019
The global industrial air purifier market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific held the largest market share in 2019, whereas LAMEA is expected to grow at the fastest rate throughout the study period.
By Region
Asia-Pacific holds a dominant position in 2019. LAMEA is expected to grow at a highest rate during the forecast period.
Competition Analysis
Key Benefits For Stakeholders
- The report provides an extensive industrial air purifiers market analysis of the current and emerging global industrial air purifiers market trends and dynamics.
- In-depth industrial air purifiers market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.
- Extensive analysis of the market is conducted by following the key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive industrial air purifiers market opportunity analysis of all the countries is also provided in the report.
- The global industrial air purifiers market forecast analysis from 2020 to 2027 is included in the report.
- The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.
Global Industrial Air Purifiers Market Segments
By Type
Molecular
- Particulate
By Portability
Portable
- Non-portable
By End-user Industry
Food & Beverage
- Metal Processing
- Agriculture
- Construction
- Others
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- The UK
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa
Industrial Air Purifiers Market Report Highlights
Aspects | Details |
By TYPE |
|
By PORTABILITY |
|
By END-USER INDUSTRY |
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By Region |
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Key Market Players | Euromate BV, Parker Hannifin Corporation, VFA Solutions B.V., Trotec GmbH, Airoshine Air Purifiers, .Atlanta Healthcare, Camfil AB, Honeywell International, Inc., .Daikin Industries, Ltd. (AAF International Co., Inc.), SPX Corporation |
Analyst Review
The global industrial air purifiers market possesses high growth potential. Portable air purifiers segment witnesses significant growth, as these purifiers can be shifted to various areas of workshop, which makes it easy to maintain the air quality even in remote corners. With the development in highly efficient filter technologies, portable air purifiers are gaining popularity in various industries, including welding workshops and spray painting studios.
Moreover, surge in awareness regarding degrading air quality is a major factor, which drives the adoption of industrial air purifiers. The indoor air quality (IAQ) has become an important concern within the industries to promote the health of their employees. In addition, government organizations in developed countries have implemented stringent regulations for maintaining the IAQ. This makes it mandatory for the industries to install air purifiers in the workshops, which is mainly occupied with employees. Such initiatives boost the growth of the global industrial air purifiers market significantly.
Moreover, improvement in industrial infrastructure in developing countries of Asia-Pacific and Latin America has created a lucrative market for industrial air purifiers. However, lack of awareness and high costs of air purifiers are major restraining factors of the global market. Conversely, implementation of stringent government laws for maintenance of IAQ in industrial workspaces assists in overcoming this unawareness for availability of clean air indoors. In addition, the developments in better filter media and increase in efficiency of air purifiers to reduce their price and size are anticipated to offer remunerative opportunities for the market expansion.
Many competitors in the industrial air purifiers market adopted product launch as their key developmental strategy to expand their product portfolio. For instance, in February 2020, the company Camfil launched Megalam EnerGuard and Absolute V. Megalam EnerGuard filters for cleanroom applications. These filters are low in cost and offer significant energy efficiency. The Absolute V. HEPA filters are termed as most energy-efficient filters and provide more than 20% energy savings. Similarly, the players are adopting acquisition strategy to strengthen their foothold in the industrial air purifiers industry. For instance, in February 2017, the company Parker Hannifin acquired the company Clarcor based in the U.S. Clarcor majorly provides industrial air filters and air purifiers.
The industrial air purifiers market size was $2,711.0 million in 2019 and is projected to reach $4,164.2 million in 2027, growing at a CAGR of 5.8% from 2020 to 2027.
The base year considered in the industrial air purifiers market is 2019.
To get latest version of industrial air purifiers market report can be obtained on demand from the website.
Yes, the industrial air purifiers market report does provide Value Chain Analysis.
On the basis of end-user industry, the metal processing segment is expected to be the most influencing segment growing in the industrial air purifiers market report.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
Based on the portability, in 2019, the non-portable industrial air purifiers segment generated the highest revenue, accounting for 65.2% of the market, and is projected to grow at a CAGR of 5.0% from 2020 to 2027.
The market value of industrial air purifiers market is $2,805.8 million in 2020.
The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales).
The surge in demand for food & beverage processing and manufcaturing industries drive the growth of industrial air purifiers market in LAMEA.
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