Global Air Treatment Market 2020-2024 | 8% CAGR Projection Through 2024



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.

  Download the free sample report @ http://bit.ly/2TvbwFu
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.

“Increasing use of robotics in air treatment products and the integration of AI technology in air treatment products will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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.
Location: United States

Comments

Post a Comment

Popular posts from this blog

Flexible Packaging Market – Top Insights On Forecast and Analysis 2020-2024

Image
The  flexible packaging market  size has the potential to grow by USD 59.22 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Flexible Packaging Market Market Competitive Analysis The flexible packaging market is fragmented. Market vendors are involved in price wars to expand their customer base, which further intensifies the competition. Amcor Plc, Berry Global Group Inc., and CCL Industries Inc. are some of the major market participants. Although the growing popularity of flexible bioplastic packaging will offer immense growth opportunities, increasing focus on reducing the use of plastic packaging will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Download the free sample report @  https://bit.ly/2Xa7d5n To help clients
Read more

Liquid Silicone Rubber Market – Latest Insights on Forecast and Analysis 2020-2024

Image
The liquid silicone rubber market size has the potential to grow by USD 715.78 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Market Competitive Analysis The market is concentrated, and the vendors in this marketspace mainly compete based on factors such as the cost of production, innovation in products, price, operational cost, R&D cost, and product quality. Focusing on increasing their product portfolio, liquid silicone rubber suppliers are increasingly investing in R&D activities. CHT Group, Elkem ASA, and KC Co. Ltd. are some of the major market participants. Although the rising demand for lightweight materials in the automotive industry will offer immense growth opportunities, the fluctuation in raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while mainta
Read more

Scented Candles Market – Top Insights on The Latest Trends

Image
The  scented candles market  size has the potential to grow by USD 1816.06 mn during 2020-2024 Market Competitive Analysis The market is fragmented. Bolsius International BV, Diptyque SAS, Godrej Consumer Products Ltd., NEST Fragrances, Newell Brands Inc., Reckitt Benckiser Group Plc, S.C. Johnson & Son Inc., ScentAir Technologies LLC, The Bridgewater Candle Co., and The Procter & Gamble Co. are some of the major market participants. Factors such as increasing investment in household interiors, growing home décor market, and diversified product portfolio of key vendors will offer immense growth opportunities. However, stiff competition from the unorganized sector, emission of toxic fumes, and criticality of inventory management and product sourcing may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Download the free samp
Read more