The air purification market in Europe is expected to grow from US$ 5,057.14 million in 2022 to US$ 14,144.86 million by 2028. It is estimated to grow at a CAGR of 18.7% from 2022 to 2028.
Growth Opportunities in Developing Countries
Europe Air Purification Market 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. Europe Air Purification Market 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.
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Market Overview
Europe Air Purification Market 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. Europe Air Purification Market 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.
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Whirlpool Corporation
Camfil
DAIKIN INDUSTRIES, Ltd.
Honeywell International Inc.
Koninklijke Philips N. V
LG Electronics
Panasonic Corporation
Unilever PLC
ActivePure Technologies, LLC.
IQAir
Segments Coveredย ย ย ย ย ย ย ย
By Product Type
- Activated Carbon Filtration
- HEPA
- Ionizer Purifiers
- UVGI
By Application
- Commercial
- Residential
- Industrial
The Europe air purification market is a rapidly growing industry, driven by increasing concerns about air pollution, rising health issues associated with poor air quality, and stringent regulations concerning environmental standards. Europe Air Purification Market Air purifiers have become a vital part of modern living spaces and industrial settings, as people strive to create healthier environments by removing pollutants from the air. This demand has been further accelerated by the increasing awareness of the impact of poor indoor air quality on human health, leading to a rise in consumer interest and adoption of air purification systems across Europe.
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Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
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Author: switi patil
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor
