{"id":8544,"date":"2020-05-01T15:44:00","date_gmt":"2020-05-01T15:44:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2537942"},"modified":"2020-05-01T15:44:00","modified_gmt":"2020-05-01T15:44:00","slug":"global-market-for-air-treatment-product-to-generate-lucrative-revenue-prospects-for-manufacturers","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/05\/01\/global-market-for-air-treatment-product-to-generate-lucrative-revenue-prospects-for-manufacturers\/","title":{"rendered":"Global Market for Air Treatment Product to Generate Lucrative Revenue Prospects for Manufacturers"},"content":{"rendered":"

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Persistence Market Research delivers key insights on the air treatment products market in its latest report titled “Global Market Study on Air Treatment Products<\/strong>”. Global sales of air treatment products are estimated to be valued at US$ 35.6 Bn by 2016 end, witnessing a Y-o-Y growth of 8.3% over 2015. Air purifier segment is expected to continue to account for a major share in theair treatment products marketthroughout the forecast period, to account for 84.1% by 2024.<\/p>\n

Demand for energy-efficient and cost-effective solutions is expected to increase over the forecast period. By product type, air purifier segment is expected to continue to dominate the market in terms of value and volume share throughout the forecast period. Changing climatic conditions and increasing air pollutants such as particulate matter (PM2.5, PM10), smog, and harmful gasses have led to increasing incidence of long-term respiratory diseases and premature deaths.<\/p>\n

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Such factors are expected to increase demand for air treatment products throughout the forecast period. However, lack of consumer awareness and high prices of products are factors leading to the low adoption of air purifiers, especially in developing countries.<\/p>\n

On the basis of application, the commercial segment accounted for the largest market value share in 2015. The commercial segment in the global air treatment market is expected to be valued at US$ 14.0 Bn by 2016 end, registering Y-o-Y growth of 8.5% over 2015.<\/p>\n

North America is the largest market for air treatment products. The market in the region is estimated to be valued at US$ 13.7 Bn by 2016 end. The air treatment products market in Asia-Pacific is anticipated to expand at a significant CAGR of 17.2% in terms of value over the forecast period (2016–2024). Increasing air pollution in Asia Pacific, especially in China and India, is expected to drive demand for air treatment products during the forecast period.<\/p>\n

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Companies covered in Air Treatment Product Market Report<\/h3>\n