SAN ANTONIO, Oct. 25, 2011 /PRNewswire/ -- The global residential air treatment systems market is highly dynamic and is expected to show steady growth.
Verify Markets estimates the global residential air treatment systems market to be over $2 billion in revenues in 2010. China was the largest market, followed by Japan and the United States. The key drivers in most countries globally are poor indoor quality and rising awareness about poor air quality.
In China, purchasing power, steady increase in income levels and poor indoor quality are major market drivers. The key market participants include Beijing Yadu Science & Technology Co. Ltd, Midea, Panasonic and Broad Air Conditioning.
The residential air treatment systems market in India is still in infancy, with only a handful of participants in the market. Multinational companies like LG and Sharp already play in the Indian market and several additional companies are likely to enter in the near future.
The Japanese market was estimated to be over $550 million in 2010. Sharp and Panasonic are some of the leading brands in Japan.
Air treatment systems are not very popular in Western and Eastern Europe. Both these markets were relatively small in 2010.
The select global residential air treatment systems report covers the following regions:
Western Europe: Germany, France, The United Kingdom, Italy, Iberia (Spain and Portugal), Benelux (Belgium, the Netherlands and Luxembourg), Scandinavia (Norway, Sweden, Finland and Denmark), Alpine region (Switzerland and Austria), and Turkey.
Eastern Europe: Poland, Slovakia, Russia.
North America: U.S. and Canada.
Asia: China, India, Japan, Malaysia, Singapore, Taiwan, South Korea, and Thailand.
The base year for the study is 2010 with forecasts up to 2017.
The report contains quotes by key industry participants from the interviews that were conducted. A complete analysis of the global air treatment systems market can be obtained at www.verifymarkets.com.