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KEY FINDINGS
The Asia Pacific industrial air purifier market is anticipated to record a CAGR of 6.36%, during the forecast period of 2019 to 2028. Key factors such as surging rates of air pollution and stringent regulations put forth by the government to control and curb emissions are instrumental for the region's market growth.
MARKET INSIGHTS
The Asia Pacific industrial air purifier market growth analysis is conducted through the assessment of Japan, Vietnam, China, Indonesia, Australia & New Zealand, Indonesia, South Korea, India, and the rest of the Asia Pacific. According to the International Energy Agency (IEA), the generation of coal-fired power in India amplified by 5% in 2018 compared to the previous year. On the other hand, the share of coal was over 55% in 2018, in terms of the country's predominant energy consumption. Thus, the extensive use of coal for satisfying the surging energy demand has resulted in substantial carbon emissions in India. Moreover, the country's air pollution rates are further augmented by distinct other factors such as fumes emitted while cooking on wood or dung, especially in rural areas, in addition to dust from construction sites, traffic exhaust, factory emissions, and soot, in urban landscapes.
The concentration of fine particles or PM2.5 in India is nearly eight times the limit permitted by the World Health Organization (WHO). As a result, the country's Central Pollution Control Board (CPCB) has issued air pollution control guidelines and standards, mandating the installation of industrial air purifiers across all industries. Hence, these factors significantly fuel market growth in the region.
COMPETITIVE INSIGHTS
Prominent companies in the market include, Daikin Industries Ltd, Thermax Ltd, General Electric Company, Elex AG, SPX Corporation, Parker Hannifin Corporation, 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 cater 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.
- 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