The air treatment product market is majorly driven by increasing urbanization and industrialization, stern regulations to govern emission as well as treatment of the industrial effluents, and need to achieve higher efficiency with factory processes and mechanical equipment. At the same time, it needs to be noted that with growing demand for electric vehicles and availability of renewable energy sources could act as restraint to air treatment product market.
The emerging economies are, however, witnessing growing demand for air treatment during electronics & semiconductor manufacturing. Persistence Market Research has entailed these facts with future perspectives in its latest market study entitled “Air Treatment Product Market”.
How is the Air Treatment Product market categorized?
The global air treatment product market, by product, spans humidifiers, air purifiers, and dehumidifiers. By application, it’s industrial, commercial, and residential. Out of these, industrial and commercial sectors hold the largest market share. Persistence Market Research has glanced through these facts with insights in its latest market study entitled “Air Treatment Product Market”.
North America holds the largest market share due to the US being subject to maximum utilization of air purifiers in residential as well as commercial sector. Coming to Europe, Germany is the torchbearer. Of late, the construction vertical has been witnessing an impressive growth, wherein residential buildings contribute the most. The future scenario is such that in the upcoming period, industrial and automobile emissions would be resulting in increase in pollution levels.
This would automatically bring in air treatment products to the centre-stage. The UK holds a major share as far as humidifiers are concerned. As far as the Asia-Pacific is concerned, India and China rule the roost and e status quo is expected to remain unchanged even in the forecast period. Persistence Market Research has mentioned about these courses of developments and suggested the future courses of action in its latest market study entitled “Air Treatment Product Market”.
Persistence Market Research has profiled the key players in air treatment product market as Samsung Electronics Co., Ltd., Atlas Copco AB, LG Electronics Inc., Panasonic Corporation, Sharp Corporation, Honeywell International Inc., De’Longhi S.p.A., Winix Inc., Daikin Corporation, and AMFAH Group. These players are engaged in inorganic and organic modes of expansion for sustenance. They include joint ventures, mergers, acquisitions, partnerships, and new product launch.
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The global air treatment product market is slated to witness a staggering expansion in the next 10 years – Persistence Market Research.