Air Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Air Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : January, 2019 | Semiconductor & Electronics | PPT format

Report Digest


Global Air Treatment Market: Overview

Several countries across the world are facing erratic weather patterns and increasing temperatures. In response to this, consumers are turning to cooling devices, especially to find comfort during warmer months of the year. Therefore, weather is one of the key factors impacting the sales of air treatment products. Besides this, the performance of the market is also determined by the economic situation of a country. Overall, the global air treatment market is forecast to remain strong over the forecast period between 2018 and 2028. Increasing demand from Asia Pacific and elsewhere, will enable the market maintain a positive pace of growth during the forecast period.

Global Air Treatment Market: Key Trends

A mix of various factors will support growth of the global air treatment market. For instance the rapidly proliferating trend of smart phones will impel consumers in the household sector to spend on advanced air treatment products. Also mounting health concerns, coupled with the inclination towards green living will favor the market’s expansion in the coming years. In the last couple years, the market has witnessed a positively rising sales of air conditioners among other connected appliances. The trend is driven further by increasing sales in emerging nations. Connectivity has become to the development of air treatment products. Besides this, manufacturers are also offering interoperability features to market their products better. Such trends are likely to give considerable boost to the global air treatment market.

Other factors enabling growth in the global air treatment market are increasing air pollution and the rising per capita income of consumers. On the downside the high cost and expenses incurred on their maintenance are limiting sales of air treatment products especially in low-income countries.

Global Air Treatment Market: Key Potential

In order to gain competitive edge in the market, manufacturers are working towards launching high-performing and cost-effective air conditioning products. This trend is welcome by consumers braving through sweltering months of relentless heat. For instance, the advent of ductless air-conditioning, increased automation, and cost-effective pricing has helped in the market’s growth. As per recent studies, an average person spend a significant share of their utility bill in keeping their homes comfortable. This trend has caught the attention of Elon Musk, the founder of Tesla and SpaceX. Recently he hinted towards the possibility of launching a Tesla-connected smart air conditioning system. Such innovations by leading players are likely to give significant impetus to the global air treatment market.

Global Air Treatment Market: Regional Outlook

Regionally, the air treatment market is likely to witness high demand from Asia Pacific. The rising demand for air treatment and conditioning systems India, Japan, South Korea, and China is likely to enable the market gain momentum in the coming years. Also, the air treatment market in Asia Pacific is expected to gain from government initiatives and industrial growth. For instance, the expansion of electronics, semiconductors, and automotive industries will fuel growth opportunities for the market in Asia Pacific. Also, development in terms of rising construction activities, infrastructural development, and economic growth will create lucrative prospects for the expansion of the air treatment market in the region.

Global Air Treatment Market: Competitive Landscape

Some of the leading companies operating in the global air treatment market are Honeywell, Donaldson, Mann+Hummel, Freudenberg, Donaldson, Ahlstrom-Munksjö, Atlas Copco, 3M among others.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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