MRRSE has announced the addition of the “Air Purification Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” report to their offering.

1. Air Purification Systems Market Detailed Analysis and
Forecast by 2024
Report Description
The global market for air purification systems has gained
huge importance in the past few years as the quality of air
has continued to degrade amid the rising pace of

2. infrastructural activities, rise in industrial emissions, and the
rising usage of petroleum-based vehicles across the globe.
The market is witnessing a vast rise in demand across
emerging economies wherein these issues have a worrying
level of intensity owing to the rapid pace of industrialization
and urbanization.
Transparency Market Research states that the global market
for air purification systems will tread along a healthy growth
path owing to these factors. TMR estimates that over the
period between 2016 and 2024, the market will exhibit an
8.4% CAGR over the period between 2016 and 2024. As a
result, the market will rise to a valuation of US$24.83 bn by
2024 from US$12.06 bn in 2015.

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Industrial Sector to Remain Key Consumer of Air Purification
Systems
Air purification systems find extensive usage across industrial,
commercial, and residential sectors owing to vast advantage
of removal of harmful pollutants and maintaining clean air.
Of these, the industrial segment emerged as the leading
consumer of air purification systems in 2015, accounting for
over 40% of the global market. The segment is anticipated to
retain its dominance during the forecast period as well,

4. chiefly owing to the steady expansion of a number of
industries, especially in emerging economies.
Implementation of stringent government industrial norms and
rising awareness about the health of workers are the key
drivers of demand in the industrial sector across the globe.
The usage of air purification systems in the commercial
sector is also rising at a steady pace across the globe. This is
attributed to the rising infrastructure activities and increasing
awareness in healthcare, tourism, and hospitality sectors. Air
purification systems for residential application is still at
nascent stage but is also anticipated to exhibit healthy
growth during forecast period due indoor air quality
concerns.

5. Asia Pacific to be Vital to Global Market’s Future Growth
In terms of revenue, Asia Pacific held the leading share of
more than 30% in the global air purification systems market
in 2015. The air purification systems market in the region is
anticipated to grow significantly in the next few years. Asia
Pacific is estimated to retain its dominant position during the
forecast period as well, expanding at a CAGR of more than
9% over the period between 2016 and 2024.
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6. High rate of urbanization, industrialization, and the
worsening issue of air pollution have made China the most
lucrative market for air purification systems in Asia Pacific in
the past few years. Owing to similar factors, China is
projected to remain one of the world’s leading consumers of
air purification systems in the next eight years as well. Other
economies in Asia Pacific, such as India, Indonesia, Japan,
and South Korea are also likely to be the high-growth
markets for air purification systems market during the
forecast period.
The air purification systems markets in North America and
Europe, on the other hand, are expected to exhibit growth at
a moderate rate during the forecast period. The well-

7. established industrial and commercial sectors in these regions
leave little scope for the development of new growth
opportunities. Nevertheless, revival of economy in the
European market is likely to provide momentum to the air
purification systems market in Europe. Overall, the air
purification systems market in developed regions is expected
to be less lucrative than Asia Pacific in the next few years.
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Some of the key players operating in the largely consolidated
global air purification systems market are include Sharp
Corporation, Jarden Corporation, Panasonic Corporation,

8. Daikin Industries, Honeywell International, Philips Electronics
N.V., Camfil Group, 3M, LG Electronics, Clarcor Inc., Fumex
Inc, and Eureka Forbes.
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