Air Treatment Products Market Scope
Over the past few decades, the demand for air pollution resistors has been increased drastically. In addition to this, increasing government reimbursements and favorable manufacturing environment for environmentally safe products will show robust business growth over the forecasted period. Air treatment products can be air purifiers, dust collectors, fume & smoke collectors, moisture eliminators, fire, and emergency exhaust systems. In addition to this, growing need for manufacturing process enhancements with the use of technologically advanced mechanical products will upsurge the demand for air treatment products across the globe. However, increased demand for hybrid vehicles especially electrical vehicles with minimum gas emission might stagnate the demand for air treatment products.
The market study is being classified by Type (Dust Collectors, Fume/Smoke Collectors, Engine Exhaust Systems, Mist Eliminators, Fire and Emergency Exhaust Systems and Others), by Application (Exhaust Air and Compressed Air) and major geographies with country level break-up.
The Manufacturers having a strong hold in the market are Atlas Copco, Samsung Electronics, LG Electronics, Panasonic, and Sharp. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Air Treatment Products market throughout the predicted period.
Atlas Copco AB (Sweden), Samsung Electronics Co. Ltd. (South Korea), LG Electronics Inc. (South Korea), Panasonic Corporation (Japan), Sharp Corporation (Japan), Honeywell International Inc. (United States), De’Longhi S.p.A. (Italy), Winix Inc. (South Korea), General Electric Company (United States) and Emerson Electric Company (United States) are some of the key players profiled in the study.
AdvanceMarketAnalytics has segmented the market of Global Air Treatment Products market by Type, Application and Region.
On the basis of geography, the market of Air Treatment Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. HEPA Filters will boost the Air Treatment Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Manufacturing will boost the Air Treatment Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On July 2, 2019, Atlas Copco has acquired the operating assets of MGES Inc., a service supplier of medical gas solutions including distribution and service of medical gas systems. This acquisition will allow the ability to expand the local support to healthcare and laboratory customers in the Houston and San Antonio, Texas. The business will be integrated into BeaconMedaes LLC, which is part of the Medical Gas Solutions Division in Compressor Technique Business Area.
On May 7, 2019, Samsung Electronics has expanded the ‘Samsung Advanced Institute of Technology (SAIT) artificial intelligence (AI) Lab Montreal’ in Canada. The Lab will help the company strengthen its fundamentals in AI research and drive competitiveness in system semiconductors. The AI Lab is located in Mila – Montreal Institute for Learning Algorithms was founded by Professor Yoshua Bengio at the University of Montreal.
- Increasing Industrialization and Urbanization across the Global Market
- Growing Need for Manufacturing Process Enhancements with the Use of Technologically advanced Mechanical Products
- Upsurging Concerns of Air pollution and Growing Pollutant Emissions with Increasing Industrialization and Urbanization
- Incremented Demand for Environmentally Effective Mechanical Equipment
- Increasing Government Reimbursements and Investments in Developing Air Treatment Products
- Growing Demand for Air Treatments Products from Semiconductors and Silicon Industry
- Increased Demand for Hybrid Vehicles Especially Electrical Vehicles with Minimum Gas Emission
- The Emergence of Energy Sources which will Minimize Air Pollution
- Availability of Numerous Substitute Products and minimized Uses of Air Polluting Products
- Lack of Awareness from the Underdeveloped Economies
Key Target AudienceAir Treatment Products Providers, Government and Regulatory Bodies, Market Research and Consulting Firms, Commercial R&D Institutions, Association and Industry Bodies, Conservation Professionals, Municipalities, Local and Regional Authorities and Others
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