Air Treatment Products MarketSize and Trends

Market Overview

Air treatment refers to the cleaning of air of dust, harmful gases, and bacteria, foul odors, heating, cooling, humidifying, and drying the air. Air treatment products include humidifiers, air purifiers, and dehumidifiers. Air purifiers are used to remove air pollutants from the air. Humidifiers are used to increase the level of humidity in the air, a dehumidifier is used to reduce the level of humidity in the air. Air treatment products find a wide range of applications in industrial, commercial, and residential sectors. The air purifiers are mainly used in the residential sector to reduce health concerns and for comfort.

The global air treatment products market is estimated to account for US$ 118,801.3 Mn in terms of value by the end of 2027.

Statistics:

North America held dominant position in the global air treatment products market in 2019, accounting for 37.5% share in terms of value, followed by Europe, RoW and Asia-Pacific respectively.

Figure 1: Global Air Treatment Products Market Share (%), in terms of Value, By Region, 2019

The global air treatment products market was valued at US$ 48,581.0 Mn in 2019 and is forecast to reach a value of US$ 118,801.3133 Mn by 2027 at a CAGR of 11.8% between 2020 and 2027.

Figure 2: Global Air Treatment Products Market Value (US$ Mn), 2017 - 2027

Market Trends

‘One-fits-all’ concept

Dehumidifiers remove moisture from the air by using compressors, condenser coils, and fans. This in turn results in the consumption of significant amounts of energy. Reducing energy consumption as well as providing multiple functions such as air-purifying, cooling, and dehumidifying in a single electronic device has emerged the recent trend in the past few years. Major companies are focusing on providing a single solution that fulfills all essential purposes. For instance, in September 2015, LG Electronics introduced LG Dehumidifier in Singapore, which is a four-in-one, user-friendly solution.

Advancements in technology related to air treatment products

Key market players are focused on research and development activities, in order to enhance the market presence. For instance, in May 2016, Crusaders Technologies launched its new air purifier, XJ-3100. In May 2015, Panasonic launched New Air Hub F-VK655H with HEPA composite filter, which removes 0.3 μm fine particles up to 99.97%. Furthermore, in October 2014, Dyson launched humidifiers that help to prevent blocked sinuses and dehydration of the skin.

Regulations

Energy Conservation Standards for Residential Dehumidifiers

The Department of Energy (DOE) has regulated the energy efficiency level of residential dehumidifiers since 2007. The standard mandatory in 2007 will save around 0.27 quads of energy and result in approximately $3.14 billion in energy bill savings for products shipped from 2007-2031. The standard will avoid about 14.1 million metric tons of carbon dioxide emissions, equivalent to the annual greenhouse gas emissions of about 2.8 million automobiles.

Global Air Treatment Products Market - Impact of Coronavirus (Covid-19) Pandemic

Due to Covid-19 pandemic, many industries witnessed significant shift in their business. The COVID-19 outbreak has created many lucrative opportunities for air purifier manufacturers with high-performance units comprising activated carbon technologies, high-efficiency particulate air (HEPA) filters, Ion & Ozone Generators, Electrostatic Precipitator, and many other technologies in order to contain the spread of virus for enclosed spaces. Air purifiers with HEPA filters are very effective at filtering out viruses such as coronavirus. For instance, according to data compiled by the World Health Organization, poor ventilation can lead to an increase in virus transmission. Thus, air manufacturers are focusing on introducing air purifiers with advanced technology and improved air ventilation, which is helpful to combat COVID-19. Thus, manufacturers are providing solutions for indoor environments, thus leading to increase in demand for air purifiers in the future.