The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The air purification equipment market has experienced robust growth, surging from $65.35 billion in 2023 to $71.33 billion in 2024 at a remarkable compound annual growth rate (CAGR) of 9.2%. This upward trajectory is set to continue, with forecasts indicating a market size of $98.79 billion in 2028, driven by various factors like sustainability initiatives, health concerns, and technological advancements.

Health Impacts of Air Pollution Driving Market Demand:
The adverse health effects of air pollution have become a central driver for the rising demand in the air purification equipment market.

• Global Health Crisis: According to the World Health Organization (WHO), air pollution is a leading cause of death, contributing to around 4.2 million fatalities annually worldwide. Diseases such as heart disease, chronic obstructive pulmonary disease, lung cancer, respiratory infections, and strokes are linked to air pollution.
• Alarming Statistics: In the USA alone, approximately 200,000 premature deaths occur annually due to air pollution. The WHO reports that air pollution is responsible for 29% of lung cancer, 43% of chronic obstructive pulmonary disease, 17% of respiratory infections, and 24% of strokes globally.

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Innovative Solutions for Cleaner Air:
Market leaders are responding to the demand for cleaner air with innovative products that set new standards for efficiency and portability.

• RZ AIRflow: RZ Industries introduced RZ AIRflow, a portable air purification filter designed to attach to ductless HVAC systems. This innovative solution efficiently reduces allergens, viruses, and odors. It is lightweight, collapsible, and travel-friendly, making it a convenient choice for users seeking a portable air filtration system.
• Cutting-Edge Technology: RZ AIRflow utilizes replaceable HEPA and active carbon filters, offering an effective solution for purifying indoor air. With its ability to eliminate up to 99.97% of allergens and bacteria, reduce viruses to 0.3 microns, and refresh stagnant air quickly, it exemplifies the industry’s commitment to cutting-edge technology.

Strategic Industry Acquisitions:
Companies are strategically acquiring and expanding to fortify their positions in the competitive air purification equipment market.

• Daikin’s Expansion: Daikin, a major player in the air conditioning sector, acquired Citizen Industries in January 2021. This acquisition aimed to strengthen Daikin’s presence in the rapidly growing commercial air-conditioning market. The move signifies Daikin’s strategic approach to increase the commercial segment’s contribution to its overall turnover.

Market Segmentation and Regional Dominance:
Understanding the market involves exploring its segmentation and acknowledging the regional leaders.

• Segmentation:
  • Product Type: Stand-Alone Air Purification Equipment, Induct Air Purification Equipment
  • Technology: HEPA, Electrostatic Precipitators, Activated Carbon, Ionic Filters, Other Technologies
  • End User: Residential, Commercial, Industrial
• Regional Dominance: In 2023, the Asia-Pacific emerged as the largest region in the air purification equipment market, reflecting the region’s commitment to air quality improvement and the increasing adoption of air purification technologies.

Future Trends Shaping the Market:
As the market advances, several trends are poised to shape its future landscape.

• Technological Advancements: The market is witnessing continuous technological evolution, with a focus on enhancing the efficiency and effectiveness of air purification devices.
• Smart and Connected Devices: The integration of smart and connected features is becoming prevalent, allowing users to monitor and control air purification systems remotely.
• HEPA and Advanced Filtration: High-efficiency particulate air (HEPA) filters and advanced filtration technologies are gaining prominence, offering superior air purification capabilities.
• Customization and Personalization: Increasing consumer demand for tailored solutions is driving customization and personalization trends in air purification equipment.
• Portable and Compact Designs: The market is witnessing a shift towards portable and compact designs, catering to the growing demand for convenience and flexibility.

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The Air Purification Equipment Global Market Report 2024  provides an overview of the air purification equipment market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The air purification equipment market forecast analyzes air purification equipment market size, air purification equipment market share, leading competitor and their market positions.

The Table Of Content For The Air Purification Equipment Market Include:
1. Air Purification Equipment Market Executive Summary
2. Air Purification Equipment Market Segments
3. Air Purification Equipment Market Size And Air Purification Equipment Market Growth Rate
4. Key Air Purification Equipment Market Trends
5. Major Air Purification Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Air Purification Equipment Market
26. Top Air Purification Equipment Companies
27. Air Purification Equipment Market Opportunities And Strategies
28. Air Purification Equipment Market, Conclusions And Recommendations
29. Appendix

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