The global bipolar ionization for disinfection market is estimated to gather a substantial revenue by growing at a robust CAGR over the forecast period, i.e., 2022 – 2030. Rising need to raise the efficiency of HVAC filters for effective removal of bacteria and allergen containing particles is a significant factor largely expected to bolster market growth in the upcoming years. Furthermore, several researches have established the efficacy of this technique in removing viruses, including SARS-CoV, the virus which causes COVID-19 from the air. This is projected to augment the demand for advanced disinfection techniques, which in turn is assessed to offer lucrative opportunities to the market in the near future.
The growth of the market can also be attributed to the growing application areas of bipolar ionization in various production industries, and increasing emphasis on sanitation and proper maintenance of cleanliness across the globe. According to United Nations Children’s Fund, or UNICEF, 7 out of 10 people in 2020 had basic hygiene services in 2020, i.e., 71 percent of the global population. Whereas, in 2015, 67 percent of the population had access to basic hygiene practices.
The market is segmented by end user into healthcare, manufacturing, office space, and others, out of which, the healthcare segment is anticipated to hold the largest share in the global bipolar ionization for disinfection market. This can be accounted to the high requirement for maintaining appropriate hygiene standards in healthcare facilities, and escalating investments for medical research in developed and developing nations. Along with these, surging prevalence of infections caused by respiratory fluids carrying viruses is also evaluated to boost the market segment growth in the imminent time. Additionally, on the basis of power capacity, the greater than 50 w segment is predicted to grab the largest share during the forecast period, which can be credited to the increase in usage of bipolar ionization equipment with power wattage of 5o watts or above in various end user industry verticals worldwide. CLICK TO DOWNLOAD SAMPLE REPORT
The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.
On the basis of geographical analysis, the global bipolar ionization for disinfection market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the growing focus of government on improving the region’s hygienic conditions, and increasing technological advancements, especially in China and India. Moreover, the market in North America is projected to occupy the largest share during the forecast period, which can be credited to the growing adoption of bipolar ionization technology at airports, hotels and large workplaces, and allocation of high healthcare expenditure in the region. As per the Centers for Medicare and Medicaid Services, the healthcare spending in the United States grew 4.6 percent in 2019, reaching $3.8 trillion or $11,582 per person. As a share of the nation's GDP, health spending accounted for 17.7 percent. Apart from these, strong presence of major market players is also anticipated to accelerate the region’s market growth in the coming years.
The global bipolar ionization for disinfection market is further classified on the basis of region as follows:
Our in-depth analysis of the global bipolar ionization for disinfection market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are growing application areas of bipolar ionization in various production industries, and rising need to raise the efficiency of HVAC filters.
The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2022 – 2030.
High cost of bipolar ionization for disinfection is estimated to hamper the market growth.
Asia Pacific will provide more business opportunities for market growth owing to the growing focus of government on improving the region’s hygienic conditions in the region.
The major players in the market are TE Connectivity Corporation, Plasma Air, Global Plasma Solutions Inc., Modine Manufacturing Company, Clean Air Group, Inc., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by power capacity, end user, and by region.
The healthcare segment is anticipated to hold largest market size in value and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.
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