Air Purification Equipment Manufacturing
Business for Sale Industry Economics
2003 - 2020
2020 - 2026
The Air Purification System The packaging sector is mainly responsible for the development of stationary air purification devices. Several years of unpredictable economic conditions troubled the market in the five years leading up to 2020.
Since these sectors are the key consumers of air purification devices, demand for industry goods is highly reliant on industrial development. The industrial output index is forecast to climb at an annualized rate of 1.3 percent over the next five years, with notable dips in 2015 and 2016.
These bad results were caused in part by commodity price falls, which culminated in lower mining industry productivity. Finally, over the five years to 2020, market income is forecast to fall at an annualized rate of 1.4 percent to $2.9 billion, with a 0.2 percent drop in 2020 alone.
Air Purification Device Production company operators mainly produce stationary air purification equipment. The Air Purification Equipment Manufacturing sector is highly reliant on industrial production demand.
Many factories need massive and costly air purification units to prevent contaminants or gasses in the air from contaminating their production operation.
Miners often use industry products to collect mining dust for the welfare of their workers. Air purification equipment is also used in other industries that need a safe, sterile atmosphere, such as kitchens and scientific laboratories. Additionally, customers and companies buy air purifiers to create a cleaner living or working setting.
Revenue for the Air Purification Equipment Manufacturing sector is expected to grow over the next five years as factory development and nonresidential construction activity increase.
Revenue in the industry is forecast to expand at an annualized rate of 2.1 percent over the next five years, reaching $3.3 billion. Demand for the industry is expected to increase in the manufacturing, business, and consumer markets.
Furthermore, the anticipated improvement in world economies, as well as the increased acceleration of industrialization in developed countries, are expected to result in robust international trade.
This company mainly manufactures stationary air purification devices. Among the dust collection systems are commercial dust and fume collection machines, electrostatic accumulation equipment, warm air furnace filters, and air washers.