Air purification systems are widely used in the industrial, commercial, and residential sectors due to its advantage of removing harmful pollutants and maintaining air quality. An air purifier is a device based on advanced technology which is used to purify the indoor air and remove unwanted dust and microbes from it. The growth of global air purification market is majorly driven by growing urbanization & industrialization, rising health problems due to air pollution and stringent regulations enforced by governments. However, ever changing consumer requirements leading to high cost of R&D activities are hampering the market growth. Additionally, low profit margins due to augmented competition also hinders the market growth. Mergers & acquisitions, joint venture and new product launch are the key strategies adopted by major players in the global air purification market.
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