Global Air Scrubbers Market demand is anticipated to be valued at US$ 2,222.07 Million in 2022, forecast to grow at a CAGR of 9% to be valued at US$ 5,260.3 Million from 2022 to 2032. Growth of the air scrubbers market is attributed to its global utilization across the industrial automation industry.
Report Attribute | Details |
Estimated Base Year Value (2021) | US$ 2,045.69 Million |
Expected Market Value (2022) | US$ 2222.07 Million |
Anticipated Forecast Value (2032) | US$ 5,260.3 Million |
Projected Growth Rate (2022-2032) | 9% CAGR |
An air scrubber employs purifying filters to assist remove impurities from the air as it circulates through the system. The scrubber removes contaminated air from the area many times an hour while also pumping in new, chemical-free air. A portable filtration system that captures airborne particles and improves air quality is known as an air scrubber. There are numerous sectors that use air scrubbers to address indoor air quality concerns.
A filtration system is the greatest answer for filtering out harmful airborne particles if the working space lacks clean, healthy air. North America is considered to be a dominant region for the Air Scrubbers Market, driven primarily with growing awareness pertaining to air pollution.
A major factor that is expected to propel the growth of the air scrubbers market during the forecast period includes increasing concerns pertaining to indoor air quality due to increasing air pollution. Simultaneously, high costs of air scrubbers, which may limit market expansion.
The major factors that are expected to boost the growth of the air scrubbers market during the forecast period include increasing concerns pertaining to indoor air quality due to increasing air pollution and need to maintain greenhouse gas emissions. This has led to the widespread adoption of air scrubbers across various commercial and industrial sectors. This in turn is expected to positively influence the market growth through 2032.
Moreover, growing prevalence of air borne diseases such as asthma, bronchitis, lung cancer and other respiratory disorders is another major factor expected to accelerate the growth of the market over the next few years.
Additionally, increasing investments and supportive government policies & schemes to adhere to the air quality index standards and greenhouse gases emissions norms is further expected to propel the growth of the Air Scrubbers market during the forecast period.
The factor that is expected to hamper the growth of the global Air Scrubbers Market during the forecast period includes a lack of knowledge about air scrubbers and their benefits, which can hamper the industry expansion.
In addition, other major factor that is expected to hinder the market growth includes high costs of air scrubbers, which may limit the market expansion.
North America is the largest market for Air Scrubbers Market and the trend is expected to continue into the forecast period attributed to the early adoption of technologies in the region.
Further, growing awareness pertaining to air pollution is another major factor that is expected to propel the market growth in the region.
According to Future Market Insights, the Asia Pacific is anticipated to witness growth at a lucrative rate over the forecast period, owing to the deteriorating air quality in the region especially in countries like China and India. The region represents a share of 50% of the global market share.
Some of the key participants present in the global Air Scrubbers Market include Advanced Air Technologies Inc., Amaircare Corporation, Camfil AB, Croll Reynolds, Inc., Daikin Industries, Ltd., Honeywell International, Inc., Novatek Corporation, Parker Hannifin Corporation, SPX Corporation, and Waves Aircon Pvt. Ltd., among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Advanced Air Technologies Inc., and Amaircare Corporation account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.
Report Attribute | Details |
Growth Rate | CAGR of 9% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015-2020 |
Forecast Period | 2022-2032 |
Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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Regions Covered |
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Customization | Available Upon Request |
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FMI projects the global Air Scrubbers Market to expand at a 9% value CAGR by 2032
Asia Pacific is expected to be the most lucrative, accounting for 50% of the total revenue
Advanced Air Technologies Inc., Amaircare Corporation and Camfil AB are some prominent air scrubber manufacturers
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