NEW YORK, June 28, 2016 /PRNewswire/ -- Study
coverage
This Freedonia study, World Consumer Air Treatment Systems,
presents historical data (2004, 2009, 2014) plus forecasts (2019,
2024) by product type, technology, global region and for 15 major
countries. Demand for replacement air filters is also included. In
addition, the study considers market environment factors, evaluates
company market share, and profiles 34 industry participants,
including Alticor, Blueair, Daikin Industries, Electrolux, Midea
Group, Royal Philips, and Sharp.
World demand to surpass $10
billion in 2019
Global demand for consumer air treatment systems is projected to
increase to over $10 billion in 2019.
More than 80 percent of growth will occur in China where poor urban air quality combined
with a growing middle class and increasing access to a wider
variety of consumer air cleaning systems will cause sales to nearly
triple by 2019. In China as well
as the rest of the world, sales of home air treatment systems are
driven by rising awareness of air pollution, both indoors and
outdoors, and the effect that the pollution can have on health.
Increasing publicity regarding just how bad the air quality is in
major urban areas such as Beijing,
New Delhi, and Mexico City has accelerated that trend. The
rising diagnosis of asthma and allergic rhinitis in those areas and
worldwide will also increase demand. Ongoing consumer education
about air treatment technologies and more access to several types
of systems at various price points will further boost gains.
India, China, Mexico, Brazil are fastest growing markets
According to World Consumer Air Treatment Systems, a study from The
Freedonia Group, the countries expected to see the fastest growth
include India, China, Mexico, and Brazil. These countries do not yet have
established markets for consumer air treatment systems but benefit
from rising personal incomes, and increased understanding of the
connection between air pollution and upper respiratory ailments. In
these countries, air quality is poor, particularly in urban areas,
in light of limited regulation and lax enforcement on pollution
from industrial facilities, vehicles, and coal-fired electric
plants. Increasing rates of diagnosed asthma and allergies are
further driving demand for these systems because it is virtually
impossible to keep outdoor pollutants from contaminating indoor
air.
Growth to benefit from shifts in cultural habits
Freedonia forecasts that sales gains for home air treatment systems
in these and other parts of the world will continue as consumers
switch from other habits that are deeply and often culturally
ingrained. For instance, in many developing parts of the world and
in areas with mild climates, opening windows for ventilation is the
primary method for freshening or cooling indoor air. However, doing
so reduces the effectiveness of air cleaning systems which work
best in an enclosed area. Furthermore, in areas where products are
loosely regulated, the consumer air treatment industry must also
work to overcome skepticism about the performance of these systems
via the introduction of industry standards and additional consumer
educational efforts.
China, Japan, US are the three largest
markets
Combined, China, Japan, and the US -- the three largest
national markets for consumer air treatment systems -- accounted
for more than half of global sales of these products in 2014.
Unlike China, the markets in
Japan and the US are more
established. In addition, general air quality is high by global
standards in most parts of the US and Japan. Even in regions with generally good
local air quality, wealthier citizens purchase consumer air
treatment systems to reduce dust or seasonal pollen levels, control
pet dander, or eliminate tobacco smoke. In Japan, recent sales gains were amplified by
concerns regarding dust and nuclear particles in the air following
the 2011 Fukushima earthquake and related nuclear crisis, and the
pollution clouds that migrated from China during peak smog periods each winter
since 2013.
Read the full report:
http://www.reportlinker.com/p03938025-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution.
Reportlinker finds and organizes the latest industry data so you
get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/world-consumer-air-treatment-system-market-300291679.html
SOURCE Reportlinker