Bipolar Ionization for Disinfection Market Trends
Growth Drivers
- Growing Application Areas of Bipolar Ionization in Various Production Industries – Bipolar ionization has a wide range of applications in multiple production industries such as food & beverage, commercial, manufacturing, healthcare, residential, and others. Bipolar ionization technology was found to be efficient in lowering the quantities of airborne bacteria and fungi in a meat processing facility, according to a 2018 study published in the Journal of Food Protection.
- Rising Need to Raise the Efficiency of HVAC Filters - The need to increase HVAC filters' effectiveness is becoming more critical as worries about indoor air quality and the transmission of airborne viruses and contaminants grow. The concentration of small particles (PM2.5) can be reduced by up to 90% by raising the MERV rating of HVAC filters from 7 to 13, according to a study by the National Institute of Standards and Technology (NIST).
- Growing Demand for Enhanced Indoor Air Quality - By successfully eliminating hazardous particles and microbes in the air, bipolar ionization technology can significantly improve indoor air quality. The World Health Organisation (WHO) estimates that 4.3 million fatalities per year are caused by indoor air pollution. This covers indoor pollution sources including cooking, heating, and building materials as well as outdoor air pollution that enters indoor spaces.
- Growing Concern about Covid-19 and Infectious Diseases – The COVID-19 pandemic has led to a significant increase in demand for disinfection technologies, including bipolar ionization owing to the growing spread of the virus in the atmosphere and the spread of infectious diseases. Majorly in healthcare sectors during the pandemic time and after that bipolar ionization for disinfection technologies was installed considering the concern of covid-19 and infectious diseases. As per the Centers for Disease Control and Prevention, 1 in 31 patients come in contact with infectious diseases in hospitals.
Challenges
- High Cost of Bipolar Ionization for Disinfection – The high initial cost of deploying bipolar ionization technology can be higher than traditional HVAC systems, which can be difficult for some end users. However, the long-term benefits and cost savings may outweigh the initial investment.
- Regulatory Challenges
- High Maintenance Cost
Bipolar Ionization for Disinfection Market: Key Insights
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.
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
18.1% |
|
Base Year Market Size (2024) |
USD 697.97 million |
|
Forecast Year Market Size (2037) |
USD 6.06 billion |
|
Regional Scope |
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