The
global air treatment market is
expected to post a CAGR of almost 8% during the period 2020-2024, according to
the latest market research report by Technavio.
The air treatment market is expected to witness significant growth in
emerging markets such as APAC, MEA, and Latin America during the forecast
period. This is due to the rise in air pollution levels led by factors such as
rapid urbanization and the growth of steel, automotive, and construction
industries in these regions. In addition, with rising disposable incomes and
growing awareness about health, the consumer spend on goods such as air
purifiers, humidifiers, and dehumidifiers has increased significantly. These
factors are expected to provide growth opportunities for market vendors in
emerging markets.
As per Technavio, the growing popularity of smart air purifiers will
have a positive impact on the market and contribute to its growth significantly
over the forecast period. This research report also analyzes other significant
trends and market drivers that will influence market growth over 2020-2024.
Global Air Treatment Market: Growing Popularity for Smart Air Purifiers
Smart air purifiers provide detailed information about the composition
of air, types of impurities, toxicity levels, and the frequency at which air is
monitored. This allows end-users to track and control air quality through the
help of a smartphone app. Growing popularity of air purifiers is encouraging
many market vendors to introduce technologically advanced smart air purifiers.
For instance, some vendors are introducing WiFi-enabled air purifiers with
heating and cooling options. The development and introduction of such
innovative air treatment technologies will have a positive impact on the growth
of the global air treatment market.
Global Air Treatment Market: Segmentation Analysis
This market research report segments the global air treatment market by
product (air purifier, dehumidifier, and humidifier) and geography (APAC,
Europe, MEA, North America, and South America).
The APAC region led the air treatment market in 2019, followed by North
America, Europe, South America, and MEA respectively. During the forecast
period, the APAC region is expected to register the highest incremental growth.
This is due to factors such as rapid urbanization and industrialization in the
region.
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challenges, trends, and more. Request a free sample report
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