
Europe Air Purification Market
No. of Pages: 144 | Report Code: BMIRE00027210 | Category: Manufacturing and Construction
No. of Pages: 144 | Report Code: BMIRE00027210 | Category: Manufacturing and Construction
The demand for air purification products comes from emerging countries wherein investment prospects and the increase in the adoption of air purifiers give a positive outlook for the market. The emerging countries are ongoing rapid urbanization and industrialization, along with a growing population with increased disposable income, creating a potential opportunity for air purification products. The FDI Equity inflow in Manufacturing Sectors increased 76% in FY 2021-22 to US$ 21.34 billion compared to FY 2020-21 to US$ 12.09 billion. Thus, such growth prospects in the manufacturing sector are bringing the need for a healthy and safe working environment for the workers, further accelerating the air purification market over the forecast period. Thus, such growth prospects in 2021 are further anticipated to bring more lucrative opportunities for air purification manufacturers during the forecast period.
Germany, France, the UK, and Italy are among the major economies in Europe. In Europe, the high prevalence of many respiratory diseases due to poor air quality increased the demand for air purification. In this context, an increasing degree of industrialization leading to increased emission of air pollutants is also boosting the market growth. Additionally, increasing vehicle ownership and increased adoption of air pollution control devices, including air purification to mitigate the harmful effects of toxic vehicle exhaust emissions, further boost the regional market. Apart from that, a significant increase in construction activity and growing awareness of the deterioration of indoor air quality due to synthetic building materials will act as further growth-enhancing factors. In addition, wide availability of different air purification. Multi-purpose, smart, and compact air purification, market growth in Europe is positive. In addition, the increasing integration of air purification with various advanced technologies such as IoT, Wi-Fi, and Bluetooth, with automatic operation and increased efficiency, continues to increase the demand for products in the region. The market growth is mainly due to the growing demand for energy efficient and high-performance air purification across the Germany.
Strategic insights for the Europe Air Purification provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 5,057.14 Million |
Market Size by 2028 | US$ 14,144.86 Million |
Global CAGR (2022 - 2028) | 18.7% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | Europe
|
Market leaders and key company profiles |
The geographic scope of the Europe Air Purification refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe air purification market is segmented into product, application, and country. Based on product, the market is segmented into activated carbon filtration, HEPA, ionizer purifiers, UVGI, and others. The HEPA segment held the largest market share in 2022.
Whirlpool Corporation; Camfil; DAIKIN INDUSTRIES, Ltd.; Honeywell International Inc.; Koninklijke Philips N. V; LG Electronics; Panasonic Corporation; Unilever PLC; ActivePure Technologies, LLC.; and IQAir are the leading companies operating in the air purification market in the region.
The Europe Air Purification Market is valued at US$ 5,057.14 Million in 2022, it is projected to reach US$ 14,144.86 Million by 2028.
As per our report Europe Air Purification Market, the market size is valued at US$ 5,057.14 Million in 2022, projecting it to reach US$ 14,144.86 Million by 2028. This translates to a CAGR of approximately 18.7% during the forecast period.
The Europe Air Purification Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Air Purification Market report:
The Europe Air Purification Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Air Purification Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Air Purification Market value chain can benefit from the information contained in a comprehensive market report.