Analysis on Impact of COVID-19: Air Purification Systems Market 2020-2024 | Growing Automotive Market to Boost the Market Growth | Technavio

LONDON----Technavio has been monitoring the air purification systems market and it is poised to grow by $ 7.18 bn during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Air Products and Chemicals Inc., Daikin Industries Ltd., Honeywell International Inc., LG Electronics Inc., MANN+HUMMEL, Panasonic Corp., Koninklijke Philips NV, Sharp Corp., and Whirlpool Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The growing automotive market has been instrumental in driving the growth of the market. However, regular maintenance of air purification systems might hamper the market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Air Purification Systems Market 2020-2024: Segmentation

Air Purification Systems Market is segmented as below:

• End-user
  • Automotive
  • Construction
  • Industries
  • Healthcare
  • Others
• Geography
  • APAC
  • North America
  • Europe
  • MEA
  • South America

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Air Purification Systems Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The air purification systems market report covers the following areas:

• Air Purification Systems Market Size
• Air Purification Systems Market Trends
• Air Purification Systems Market Industry Analysis

This study identifies the growing adoption of green buildings as one of the prime reasons driving the air purification systems market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Air Purification Systems Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist air purification systems market growth during the next five years
• Estimation of the air purification systems market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the air purification systems market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of air purification systems market, vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Automotive - Market size and forecast 2019-2024
• Construction - Market size and forecast 2019-2024
• Industries - Market size and forecast 2019-2024
• Healthcare - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 3M Co.
• Air Products and Chemicals Inc.
• Daikin Industries Ltd.
• Honeywell International Inc.
• LG Electronics Inc.
• MANN+HUMMEL
• Panasonic Corp.
• Koninklijke Philips NV
• Sharp Corp.
• Whirlpool Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations