$25+ Billion Air Treatment Market - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 3, 2018--The “Air Treatment Market by Technology (HEPA Filters, Activated Carbon), Product (Dust Collector, Engine exhaust systems), Application (Exhaust air and Compressed air), Vertical (Manufacturing, Automotive), and Geography - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The air treatment market is expected to be worth USD 17.39 billion by 2018 and USD 25.56 billion by 2023, growing at a CAGR of 8.00% during the forecast period.
Factors driving the growth of the air treatment market include increasing industrialization and urbanization, stringent regulations governing emissions and treatment of industrial effluents, and the need for achieving high efficiency with mechanical equipment and factory processes. Increasing demand of electric vehicles and alternative sources of renewable energy may act as major restrain for this market.
HEPA filters are expected to hold the largest share of the air treatment market based on technology by 2023. The demand for HEPA filters is driven by growing concerns of environmental sustainability, stringent regulations regarding industrial emissions, and health issues related to airborne diseases.
Tightening of emission control regulations and air quality monitoring standards worldwide are likely to act as major drivers for the adoption of air treatment systems in the automotive vertical. Air treatment systems in the automotive industry are required in manufacturing units of vehicles, and components, exhaust emission systems, and in-vehicle cabin air quality applications. The air treatment market for the automotive vertical is expected to grow at the highest CAGR during the forecast period.
The market in APAC is expected to grow at the highest CAGR during the forecast period. Increasing population, rapidly growing economies (developed as well as developing), and government initiatives to promote industrial growth have made APAC an ideal manufacturing destination for various sectors including; semiconductors, electronics, and automotive. Advancements in terms of economic growth, infrastructural developments, and construction of power plants are expected to boost the growth of the air treatment market in APAC in the coming years.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Air Treatment Market, By Product
7 Air Treatment Market, By Technology
8 Air Treatment Market, By Application
9 Air Treatment Market, By Vertical
10 Geographic Analysis
11 Competitive Landscape
12 Company ProfilesHoneywell Freudenberg Donaldson Parker-Hannifin Mann+Hummel Camfil Ahlstrom-Munksj 3M Atlas Copco Cummins Blueair AB Sharp Corporation Daikin Bosch Hengst Se & Co. Kg American Air Filter Company
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005361/en/
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Related Topics:Air Purification
INDUSTRY KEYWORD: BUILDING SYSTEMS CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/03/2018 05:19 AM/DISC: 10/03/2018 05:19 AM