According to a recent report published by Fast Market Research, titled, Air Scrubber Market 2018: Market Value, Trends, Opportunity, forecast 2018-2024, “the global Air Scrubber market accounted for USD XX Million in 2018 and is estimated to reach USD XX Million by 2024. Moreover, it is anticipated to flourish at a CAGR of XX% during the forecast period i.e. 2018-2024.
An air scrubber is a portable air filtration system that removes particles, gasses, and chemicals from the air. These machines draw air in from the surrounding environment and pass it through a series of filters to remove contaminants. Air scrubber is mainly used by in restoration projects and other places where air pollution control is strongly required. The global air scrubber market reached a market valuation of USD XX.X Billion in 2018 and is estimated to grow at a CAGR of XX.X% during the forecast period, i.e., 2019-2024.
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Market Insights
Growth Drivers – Air scrubber Market
Growing Construction Activities
Ongoing infrastructure development, urbanization, and industrialization across the globe have increased construction activities. Restoration jobs are also on the rising; consumers are spending a significant amount of money on their house development. Air scrubbers are especially crucial on restoration jobs where airborne contaminants are present or will be created/disturbed during the restoration process, such as mold, dust, asbestos, lead, chemical fumes, etc. Construction project owners are increasingly using air scrubbers to provide a safe and healthy work environment for their employees.
Convenience Offered by Air Scrubbers
Air scrubbers are portable and work alone in the centre of a room with no ducting attached. Portable air scrubbers are designed to allow for one operator to easily move the unit around. This high convenience offered by air scrubber is a major factor which makes these air scrubbers idle for places like hospital, construction sites, universities, and more. Degrading air quality and rising government regulations related to harmful industrial emissions are some other major growth drivers for the global air scrubber market.
Barriers – Air scrubber Market
The weak adoption rate in residential areas is a significant challenge confronting the growth of global air scrubbers market. Further, the presence of alternative technologies is another factor that is likely to hamper the growth of the global air scrubber market.
Segmentation Analysis
The air scrubber market is segmented in different categories including by-product, and by the application. The market is segmented by product into dry air scrubber and wet air scrubber. Among this segment, the dry air scrubber is expected to capture significant shares of the market in 2018. Global dry air scrubber segment was totalled at USD XXX.X billion in 2018 and is projected to reach USD XXX.X billion in 2024 at a CAGR of XX.X% from 2019 to 2024. Moreover, based on the application, the air scrubber market is further sub-segmented into industrial, commercial, and residential. Among which industrial segment is about to register a remarkable growth rate in upcoming years.
Geographical Analysis
Regionally, the report offers an analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. As opposed to the rest of the world, the North America region has acquired considerable shares of the market and is poised to attain a strong growth rate in the coming years. Increasing restoration activities and adoption of advanced tech are key factors which are likely to bolster the growth of North America air scrubber market.
Competitive Analysis
The report also covers detailed competitive analysis of major market players of the global air scrubber market, such as Americair Corporation, Aerus Enterprise Solutions, Advanced Air Technologies, Inc., Waves Aircon, OPTROMIX Inc., Omnitec Design and other major & notable players. Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by business segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
Segmentation
By Product
– Dry Air Scrubber
– Wet Air Scrubber
By Application
– Industrial
– Commercial
– Residential
Competitive Landscape
The report profiles various major market players such as
• Americair Corporation
• Aerus Enterprise Solutions
• Advanced Air Technologies, Inc.
• Waves Aircon
• OPTROMIX Inc.
• Omnitec Design
• Other Notable Players
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