Asia-pacific Industrial Air Purifier Market Forecast 2022-2030

Asia-pacific Industrial Air Purifier Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific industrial air purifier market is evaluated to grow with a CAGR of 7.43% during the projected period of 2022 to 2030. Some of the main drivers associated with the region’s market growth include the increase in purchasing power, the rise in industrialization, the surge in the use of fossil fuels, and growing infrastructure projects.

MARKET INSIGHTS

The Asia-Pacific industrial air purifier market growth analysis includes the assessment of South Korea, Indonesia, Thailand, Vietnam, China, Japan, India, Australia & New Zealand, and Rest of Asia-Pacific. As per the International Energy Agency (IEA), in 2021, coal-fired generation in India peaked at a monthly share of 79% of the power mix. This was the highest level recorded since early 2019, as wind availabilities and hydropower were low, and the demand growth was fulfilled by coal-fired generation. As a result, the extensive use of coal to satiate the rising energy demand has led to higher carbon emissions in India.

On the other hand, according to the Environmental Performance Index (EPI), South Korea ranked 63rd out of 180 countries in terms of air quality in 2022. Moreover, in 2021, fine dust particle levels reached new highs, with a level four times more than the World Health Organization’s (WHO) recommendation. Hence, South Korea passed emergency measures in order to deal with the social impact of air pollution. Accordingly, these factors are anticipated to propel the growth of the industrial air purifier market in the Asia-Pacific over the forecasted years.

COMPETITIVE INSIGHTS

Some of the leading players in the market include Thermax Ltd, SPX Corp, General Electric Company, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments