The Freedonia Group: World Demand for Consumer Air Treatment Systems to Exceed $10 Billion in 2019

News provided by

Apr 07, 2016, 12:55 ET

CLEVELAND, April 7, 2016 /PRNewswire/ -- Global demand for consumer air treatment systems is projected to increase at a double-digit annual pace to more than $10 billion in 2019. More than 80 percent of that 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. These and other trends are presented in World Consumer Air Treatment Systems, a new study from The Freedonia Group, a Cleveland-based industry research firm.

To learn more, visit the report page:
http://www.freedoniagroup.com/DocumentDetails.aspx?ReferrerId=RF-PRNEWS&StudyID=3370

The countries expected to see the fastest growth are India, China, Mexico, and Brazil. These countries do not yet have established markets for consumer air treatment systems but benefit from increasing personal incomes and growing 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," notes analyst Jennifer Mapes-Christ. Many urban areas have made efforts to improve their air quality by limiting vehicle traffic, by closing or relocating polluting industrial operations, and by converting coal-heated buildings to cleaner alternatives.

China, Japan, and the US -- the three largest national markets for consumer air treatment systems -- together accounted for nearly two-thirds of global sales of these products in 2014. Unlike China, the markets in Japan and the US are mature. Additionally, general air quality is high by global standards in most 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 rapid sales gains were amplified by concerns regarding dust and radioactive particles in the air following the 2011 Fukushima earthquake and related nuclear crisis, and the pollution clouds that have migrated from China during peak smog periods each winter since 2013. However, demand in Japan is expected to decline through 2019 as market penetration matures and sales are largely limited to replacement sales.

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, market share information and profiles of the leading industry players. Reports can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Follow us on LinkedIn https://www.linkedin.com/company/freedonia-group/
Like us on Facebook https://www.facebook.com/FreedoniaGroup
Follow us on Twitter https://twitter.com/freedoniagroup

Press Contact:
Corinne Gangloff
+1 440.684.9600
[email protected]

Logo - http://photos.prnewswire.com/prnh/20160216/333635LOGO

SOURCE The Freedonia Group