Air Purifiers & Cleaners Procurement Research Report Now Available from IBISWorld
(PR Web Via Acquire Media NewsEdge) Los Angeles, CA (PRWEB) December 19, 2013
Air purifiers and cleaners have a buyer power score of 3.3 out of 5. “This score reflects moderate negotiating strength for buyers,” says IBISWorld business research analyst Andrew Rebhan. “This market is heavily influenced by the purchasing power of companies and the value of private nonresidential construction.” Businesses with higher purchasing power are more likely to invest in air purifiers and cleaners that may otherwise be nonessential. During the recession, corporate profit levels, investment in industrial equipment and construction efforts fell, causing demand for air purifiers and cleaners to decline as companies strove to reduce costs. Over the past three years, these external drivers all experienced strong recovery, sparking greater demand for air purification equipment. Rebounding economic growth, a focus on environmental sustainability, and increasingly dense populations in international markets are expected to drive demand up for air purifiers and cleaners over the three years to 2016.
Buyers currently benefit from the low level of market share concentration, but this trend is declining as more suppliers seek to acquire smaller companies to remain competitive. Many manufacturers of air purifiers and cleaners have their own wholesale divisions, which has put pressure on third party wholesalers to either reduce their profit margins further or risk going out of business. “A more concentrated market could reduce price-based competition, which up until now has been a benefit for buyers as competitors have kept their prices in line with what other vendors are charging,” says Rebhan. Along the supply chain, buyers will face a moderate level of risk as upstream suppliers face high revenue volatility and competition from imports.
Buyers should consider a variety of factors during the purchasing process. Air can be filtered through stand-alone units or applied as filters in a larger forced-air system. The total cost of ownership will differ greatly among purifiers that use disposable filters, washable filters, charged ions or other electrical methods of filtration. Air purifiers and cleaners typically run for long periods of time, and buyers should also consider the energy costs associated with using these devices in the long term. Major vendors include Ingersoll-Rand Company Ltd., Johnson Controls Inc., United Technologies Corporation and Watsco Inc. For more information, visit IBISWorld’s Air Purifiers & Cleaners procurement research report page.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of air purifiers and cleaners. These products include devices used for removing contaminants from the air. Such air pollutants could include airborne particles, gases, volatile organic compounds or microorganisms. Impurities can be removed by means of filtering, scrubbing or electrostatic precipitation. These devices can be used in commercial and industrial settings as stand-alone units or as part of a larger purification system. Air purifiers and cleaners can be bought through manufacturers, wholesalers and retailers. This report does not cover air-conditioning equipment, warm air heating equipment, fans, blowers or automotive components.
Recent Price Trend
Product Life Cycle
Total Cost of Ownership
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Market Share Concentration
Vendor Financial Benchmarks
Buying Lead Time
Key RFP Elements
Buyer Power Factors
About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Read the full story at http://www.prweb.com/releases/2013/12/prweb11435110.htm
(c) 2013 PRWEB.COM Newswire
[ Back To Technology News's Homepage ]