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.
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. 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.
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. 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.
Market Overview
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. 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.Europe Air Purification Market Segmentation
The Europe air purification market is segmented into product, application, and country. Based on product, the market is segmented into activated carbon filtration, HEPA, ionizer purifiers, UVGI, and others. The HEPA segment held the largest market share in 2022.- Based on application, the market is segmented into commercial, residential, and industrial. The commercial segment held the largest market share in 2022.
- Based on country, the market is segmented into Germany, UK, France, Italy, Russia, and Rest of Europe. The Germany dominated the market share in 2022.
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Air Purification Market Landscape
5. Europe Air Purification Market - Key Market Dynamics
6. Air Purification Market - Europe Market Analysis
7. Europe Air Purification Market Revenue and Forecast to 2028 - Product Type
8. Europe Air Purification Market Analysis - By Application
9. Europe Air Purification Market - by Country Analysis
10. Industry Landscape
11. Company Profiles
12. Appendix
List of Tables
List of Figures
Companies Mentioned
- Whirlpool Corporation
- Camfil
- DAIKIN INDUSTRIES, Ltd.
- Honeywell International Inc.
- Koninklijke Philips N. V
- LG Electronics
- Panasonic Corporation
- Unilever PLC
- ActivePure Technologies, LLC.
- IQAir
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | October 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 5057.14 Million |
| Forecasted Market Value ( USD | $ 14144.86 Million |
| Compound Annual Growth Rate | 18.7% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 10 |
