International. The air purification systems market is expected to grow by around US$6.68 billion, progressing at a CAGR of nearly 7% during the forecast period.
The growing automotive market, the growing awareness about indoor air quality, and the growth of the healthcare industry are the major factors driving the development of this market. However, factors such as regular maintenance of air purification systems, high market competition, and the impact of the ongoing trade war between the United States and China will hinder the growth of the market, says the report presented by Technavio.
Air Purification Systems Market: End User Overview
The automotive segment had the end-user segment that generated the largest revenue in the market. Air purification systems help maintain the indoor air quality of cars. The automotive sector is expected to experience significant growth during the forecast period, due to increased production and demand for vehicles.
Air Purification Systems Market: Geographical Landscape
By geography, APAC will have lucrative growth during the forecast period. About 38% of the overall market growth is expected to originate in APAC. China and Japan are the key markets for air purification systems in APAC.
