Air Treatment Products Market Size 2021, Global Share, Development History, Business Prospect, Trends, Manufacturers, Supply, Industry Demand, Growth Factor and End User Analysis, Outlook till 2026

In a recent published report, Kenneth Research has updated the Market report for Air Treatment Products Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Air Treatment Products Market Products.

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According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Among air treatment products, air purifiers are popular in India. These devices are mostly used in the residential, commercial, and industrial sectors of the country. Air purifiers with high-efficiency particulate air (HEPA), activated carbon, and ionic filters are prevalent in India.
Market insights:
The air treatment products market in India was valued at INR 4.75 Bn in 2019 and is expected to reach a value of INR 24.54 Bn by 2025, expanding at a compound annual growth rate (CAGR) of ~32.29% during the 2020-2025 period. A rise in pollution levels and increasing incidence of airborne diseases have made people cognizant of general wellbeing. People nowadays want a healthy and pollution-free lifestyle. These are significant factors driving the growth of the overall air treatment products market in India. Air purifiers with new features such as auto mode, Wi-Fi connectivity, and real-time air quality and filter change indicators have been introduced in the market, which is likely to fuel market growth. Several initiatives and policies undertaken by the Indian government such as Atmanirbhar Bharat Abhiyan, Make in India, and National Clean Air Programme have provided an impetus to the market, and are expected to increase the sale of air treatment products in India. However, high installation and maintenance costs of air purifiers, and lack of awareness regarding the need and benefits of using air treatment products are hindering market growth.

Segment insights:
Based on the end-user application, India’s air treatment products market is segmented into residential and non-residential. The non-residential segment is comprised of the commercial, industrial, government, and automotive sectors. As of 2019, the non-residential segment dominated the market, accounting for 76.85% of the total market share. Based on technology, the HEPA-based air treatment devices segment held a market share of ~98.60% in 2019, in terms of sales. HEPA devices are largely used by both the residential and non-residential sectors.

Impact of COVID-19:
The contagion has marked a positive impact on the air treatment products market in India. The fear of airborne transmission of the deadly virus has increased awareness regarding the degrading quality of air among people. As a consequence, the demand for air treatment products has gained significant momentum in the Indian market.
Companies covered:
ï‚·Crusaders Technologies India Private Limited
ï‚·Eureka Forbes Limited
ï‚·Kent RO Systems Limited
ï‚·Daikin Airconditioning India Private Limited
ï‚·Dyson Technology India Private Limited
ï‚·Honeywell International India Private Limited
ï‚·Panasonic India Private Limited
ï‚·Philips India Limited
ï‚·Samsung India Electronics Private Limited
ï‚·Sharp Business Systems (India) Private Limited

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The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of Air Treatment Products Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year-on-Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

Based on what factors are the key market players assessed in this report?

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Playes
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter’s Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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