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Air treatment is type of process used in ventilation, hot air heating, air conditioning for residential, public, industrial and other application. Air treatment comprises of cleaning the harmful admixtures, dust, odor, bacteria, heating, cooling, humidifying, drying and mixing oxygen. This process is carried out to purify the air and make it safe for employees. Increasing demand from various end-use sectors shall drive the market growth.
Increasing demand of air treatment process from multiple end-use sector shall fuel market growth. Additionally, the stringent regulation imposed by government regarding the treatment of industrial effluents is expected to boost the demand for air treatment. Growing industrialization is one of the significant factor contributing in market growth.
However, electric vehicles produce zero direct emissions which maintains the natural air quality. Increasing demand for electric vehicles is likely to hamper the market growth.
Key Market Driver -
Stringent regulations governing the air pollution.
Key Market Restraint -
Increasing demand for electric vehicles.
Based on product, the global air treatment market is segmented into dust collector, engine exhaust systems, and others. Based on application, market is segmented into exhaust air and compressed air.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global air treatment market consists of global & regional players operating. Some of the key players in the market include Atlas Copco, 3M, Unilever, Aikin Industries Ltd, Samsung, General Electric, Panasonic Corporation, Cummins Inc., Freudenberg Se, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold key share attributed to rising population and large number of end-use industries. North America is expected to hold significant share due to the stringent regulations imposed by government regarding air quality at workplace. Europe is expected to show considerable growth due to the increasing demand from industrial sector. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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