Air Treatment Market Size, Growth Drivers | Global Report 2028

Air Treatment Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Dryers, Industrial Filters, Specialty Filters, and Condensate Management) and Application (General Industry, Food and Beverage, Pharmaceutical, Oil and Gas, Chemical and Petrochemical, and Mining)

Publication Month : Jan 2022

  • Report Code : TIPRE00004354
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 290
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The air treatment market is projected to reach US$ 11,041.19 million by 2028 from US$ 8,299.93 million in 2021; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.

The adoption of air treatment solutions has increased significantly in recent years, and this trend is likely to continue during the forecast period. Rapidly changing customer expectations and behavior, and a preference for automated air treatment devices, further boost the demand for air treatment products, such as air purifiers, air conditioners, and humidifiers, worldwide. As a result, manufacturers are focusing on incorporating efficient technologies, such as IoT, artificial intelligence, and other connectivity technologies, in their offerings to expand their clientele and market shares. Strategic mergers and acquisitions by key competitors will further drive the air treatment market proliferation in the coming years.

The global air treatment market is dominated by major players that collectively account for a huge share of the overall market. These companies are strategically focused on the introduction of innovative, high-efficiency products, as well as acquisitions and merger activities. Enterprises are also engaging in strategic alliances and partnerships to achieve a competitive advantage in the global air treatment market. These collaborations help the air treatment market players in expanding their technological competence while also elevating their production capacities. Small, regional producers are focusing on introducing cost-effective, customized, and value-for-money products to extend their market reach.

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Air Treatment Market: Strategic Insights

air-treatment-market
Market Size Value inUS$ 8,299.93 million in 2021
Market Size Value byUS$ 11,041.19 million by 2028
Growth rateCAGR of 4.2% from 2020 to 2028
Forecast Period2021-2028
Base Year2021
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Impact of COVID-19 Pandemic on Air Treatment Market

The COVID-19 outbreak adversely impacted the world economy during its peak in 2020 and continues to shatter the economies and industries of several countries. Until the outbreak of COVID-19, the air treatment industry was experiencing substantial growth. However, the outbreak led to a notable decline in the production activities of various industries deploying the air treatment solutions. Several containment measures, such as lockdowns, business shutdowns, and trade restrictions led to a negative impact on the production and supply chain of air treatment solutions manufacturers till the second half of 2020 and during the second wave in 2021.

As industrial activities resumed in the last quarter of 2020, the market players are experiencing steady growth in demand from end-users of fixed-base operators. Moreover, the huge requirement of air treatment solutions in essential industries, such as pharmaceuticals, food and beverage, oil and gas, chemicals, and other vital industries has created a stable demand for air treatment products across the globe. Notably, several air treatment solutions manufacturers, such as Ingersoll Rand, witnessed a surge in the total revenue generated in the financial year 2020. Furthermore, the COVID-19 pandemic invoked a rising need for high-quality air filtration systems for industrial, non-industrial, and residential applications, as the clients require better air quality to avoid infections. Therefore, although the global air treatment market plummeted initially due to the adverse impact of the COVID-19 pandemic and the related containment measures; it is expected to recover owing to the increasing requirement of high-quality air treatment systems, such as filters and dryers, across essential industries such as pharmaceuticals and energy.

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Air Treatment: Market Insights
Increased Incidence of Chronic Health Issues due to Air Pollution Fuels Growth of Air Treatment Market

Air pollution is a major cause of morbidity and mortality worldwide. According to the Global Burden of Disease (GBD) study, fine particulate matter (PM2.5) caused 4.2 million deaths and 103.1 million disability-adjusted life years (DALYs) in 2018, accounting for 7.6% of fatalities and 4.2% of DALYs worldwide. China is the world's fastest-growing and greatest developing country, and it reports one of the highest air pollution-related mortality rates in the world due to the worsening air pollution levels. Furthermore, in 2019, ambient particulate matter pollution was ranked as the fourth-leading cause of the loss of years of life among people in China. As a result, the necessity for air treatment has been a key focus of governments worldwide, contributing to the air treatment market expansion.

There is substantial epidemiological evidence that air pollution is harmful to human health and is linked to respiratory disorders such as chronic obstructive pulmonary disease (COPD). The exacerbation of existing symptoms has resulted in reduced lung functioning, and increased hospitalization and mortality rates, which can be classified into short- and long-term effects. In the long term, the combined effect of several contaminants might lead to catastrophic events. As a result, the demand for air treatment market products is increasing continuously.

Type-Based Market Insights

Based on type, the global air treatment market is segmented into dryers, industrial filters, specialty filters, and condensate management. The industrial filters segment accounted for the largest share of the market in 2020.

Application-Based Market Insights

Based on application, the global air treatment market is segmented into general industry, food & beverages, pharmaceutical, oil & gas, chemical and petrochemical, and mining. The market for the general industry segment is further segmented into metallurgic, automotive, construction, industrial machinery, wood and paper, and others. In 2020, the pharmaceutical segment led the air treatment market.
Players operating in the air treatment market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
  • In December 2021, Donaldson Company, Inc. a leading worldwide provider of innovative filtration products and solutions acquired Solaris Biotechnology Srl, a manufacturer of bioprocessing equipment such as bioreactors, fermenters, and tangential flow filtration systems having applications in food and beverage, biotechnology, and other life sciences markets. This move is expected to increase the market share of Donaldson Company by capturing clients of other industries in which Solaris operates.
  • In December 2021, Ingersoll Rand Inc. completed the acquisition of the assets of Tuthill Corporation’s Pump Group in a transaction worth US$ 85 million. The employees and brands of the Pump Group are expected to join the Ingersoll Rand Precision and Science Technologies (PST) segment, which is projected to increase the expertise level of the company and expand its market presence.

The air treatment market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into dryers, industrial filters, specialty filters, and condensate management. Based on application, the global air treatment market is  segmented into general industry, food & beverages, pharmaceutical, oil & gas, chemical and petrochemical, and mining. The market for the general industry segment is further segmented into metallurgic, automotive, construction, industrial machinery, wood and paper, and others. By region, the air treatment market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM).

Beko Technologies; Donaldson Company, Inc.; Friulair Srl; Guangzhou Hanyue Purification Technology Co.; Hongrijia Depurate Facility Science and Technology Co., Ltd.; Ingersoll Rand Inc.; KAESAR KOMPRESSOREN; Mikropor; OMEGA AIR d.o.o. Ljubljana; ORION Electronics Ltd.; SPX FLOW, Inc.; and Xebec Adsorption Inc.  are a few major players operating in the global air treatment market.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Can you list some of the major players operating in the global air treatment market?

The major players operating in the global air treatment market are Beko Technologies; Donaldson Company, Inc.; Friulair Srl; Guangzhou Hanyue Purification Technology Co.; 15Hongrijia Depurate Facility Science and Technology Co. Ltd.; Ingersoll Rand Inc.; KAESAR KOMPRESSOREN; Mikropor; OMEGA AIR d.o.o. Ljubljana; ORION Electronics Ltd.; SPX FLOW, Inc. and Xebec Adsorption Inc.

In 2020, which region held the largest share of the global air treatment market?

In 2020, North America accounted for the largest share of the global air treatment market. The rising frequency of airborne diseases, combined with rising levels of air pollution in the North America, is expected to boost market growth throughout the forecast period. Development in regulations, technological advancements, and economic shifts have helped improve air quality in the US during the last few decades. According to the Environmental Protection Agency (EPA), the US has reduced air pollutants by 69% since the passage of the Clean Air Act in 1970. However, roughly 57 million people continue to live in locations where air pollution is harmful. Thus, such factors augments the market growth in North America.

Which category segment accounted for the largest share in the global air treatment market?

In 2020, the industrial filter segment accounted for the largest market share. The growth of the segment can be attributed to the increasing usage of industrial filters for air filtration and separation systems not only to protect equipment but also to make the work environment more sustainable. In addition, increasing customers at fast food restaurants and changing habits of having food outside the home among working class people and students are further bolstering the demand for air treatment market for the food service segment during the forecast period.

Which application segment is the fastest growing in the global air treatment market?

On the basis of application, pharmaceutical segment is the fastest growing segment. The growth of the segment can be attributed to the rising demand for surface filtration, depth filtration, and ultrafiltration for the filtration systems. The most common impurities that need to be purified in the pharma industry are sediments, water corrodes, colloids, particulate matter, suspended matter, clay, and other particles. Membrane filters are generally used to help sterilize and deionize water that will later be used within the industry. The most common air filters used in the pharmaceutical industry are cartridge filters, HEPA filters, bag filters, basket filters, and panel filters, among other filters which is further propelling the growth of the segment.

In 2020, which country held the largest market share in global air treatment market?`

In 2020, US held the largest market share in the global air treatment market. In US, the rising frequency of airborne diseases, combined with rising levels of air pollution in the United States, is expected to boost market growth throughout the forecast period. Because it is the most effective technology for trapping dangerous airborne particles, the HEPA technology category is likely to dominate the US market over the forecast period. Furthermore, the high significant rise in commercial and industrial uses of products, as well as the expanding demand for air purifiers in the country, are key elements supporting expansion. Thus, such strategic initiatives coupled with growth in food service industry is anticipated to drive the air treatment in US.

What is the key driver for the growth of the global air treatment market?

Growing incidents of chronic health issues due to air pollution along with growing prospects in industrialization across the globe are the key factors fueling the market growth over the projected period. Air pollution is a major cause of morbidity and mortality worldwide. As per the Global Burden of Disease (GBD) study, fine particulate matter (PM2.5) caused 4.2 million deaths and 103.1 million disability-adjusted life years (DALYs). In addition, in 2019, ambient particulate matter pollution was ranked as the fourth-leading cause of the loss of years of life among people in China. Thus, such growing health issues is augmenting the market dynamics over the forecast period.

The List of Companies - Air Treatment Market

  1. Beko Technologies
  2. Donaldson Company, Inc.
  3. Friulair Srl
  4. Guangzhou  Hanyue  Purification  Technology Co.,
  5. 15Hongrijia Depurate Facility Science and Technology Co. Ltd.
  6. Ingersoll Rand Inc.
  7. KAESAR KOMPRESSOREN
  8. Mikropor
  9. OMEGA AIR d.o.o. Ljubljana
  10. ORION Electronics Ltd.
  11. SPX FLOW, Inc,
  12. Xebec Adsorption Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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