The market for air purification systems is expected to grow significantly in the coming years, owing to the growing demand for technologies ensuring clean air, energy and services, automotive, healthcare, building & construction, and manufacturing are only a few of the end-use industries that make use of these systems. Air purification devices, also known as air purifiers, are made up of a set of internal fans that draw in the indoor air and filter it to eliminate harmful airborne particles like bacteria, dust, and pollen. Increasing air pollution is likely to foster growth of the global air purification systems market in the years to come.
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The world’s population has risen dramatically in recent years, which leads to a rapid growth of the commercial and residential sectors. Several studies indicate that installing air purification systems can mitigate the chances of some heart conditions and cardiovascular diseases, thereby benefitting growth of the global air purification systems market. It also improves the quality of indoor air. Air purifiers are likely to become more common in households, healthcare facilities, colleges, workplaces, and other settings as a result of these trends. Penetration of product in the industrial sector is likely to be boosted by robust industrial growth around the world.
Declining Quality of Indoor Air and Growing Respiratory Diseases to Shoot up Demand
Numerous factors are anticipated to propel growth of the market, including growing health issues, declining quality of indoor air, evolving lifestyle habits, and increased customer awareness about the benefits of air purifier system. Previously, customers with respiratory issues were the primary consumers of air purifier system. However, because of the increasing number of health-conscious customers, there has been an increase in the demand for air purifiers.
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In comparison to high-income countries, demand for air purifiers is lower in low- and medium-income countries. This is due to the fact that air purifiers are regarded as a premium product instead of a necessity. Furthermore, the high cost of maintenance and adoption in such countries can inhibit widespread adoption of the product. In the coming years, however, rising disposable income and purchasing power are projected to accelerate the adoption of this system, which is likely to boost global air purification systems market.