During the economic recovery, as industrial production began to resume, corporate profit began expanding and consumer income strengthened. With the improvement of these economic factors, demand for air purification systems increased. The road to recovery was not, however, smooth as the industry experienced sporadic growth after plummeting in 2011. As the recovery enters the tail-end of its lifecycle, conditions are beginning to normalize, as is industry revenue. Over the five years to 2020, the Air Purification Equipment Manufacturing industry is expected to experience a higher, albeit still unimpressive, level of growth than that experienced over the five years to 2015. During this time, the industry will likely witness continued slow growth in demand from the industrial, business and consumer markets. Moreover, the expected improvement of international markets and the continued expansion of industrialization in developing countries is expected to lead to more robust international trade.
Establishments in this industry primarily manufacture stationary air purification equipment. These devices include industrial dust and fume collection equipment, electrostatic precipitation equipment, warm air furnace filters and air washers among other dust collection equipment.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.