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Commercial Fan And Air Purification Equipment Market Size, Share Analysis And Report By 2033
Commercial Fan And Air Purification Equipment Market Size
As per the report, the commercial fan and air purification equipment market size has grown strongly in recent years. It will grow from $78.62 billion in 2023 to $85.7 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The commercial fan and air purification equipment market size is expected to see strong growth in the next few years. It will grow to $118.33 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
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Impact Of Technological Advances On The Commercial Fan And Air Purification Equipment Market
Technological advances in commercial fan and air purification equipment drove the market in the historic period. Increased access to the internet and the use of smartphones supported the development and consumption of innovative technologically enabled appliances. For instance, according to the GSMA annual State of Mobile Internet Connectivity Report 2022, 55% of the world's population was using mobile internet by the end of 2021, which is an increase of almost 300 million since the end of 2020. Thus, technological advances drove the market for air purifiers in the historic period.
Transforming Air Quality Management With IOT Technology
The growing popularity of smart air purifiers is a major trend in the market. With air pollution increasing across the world, a growing awareness of allergies, pollution, and climate change is increasing consumer concern about the quality of the air they breathe. As a result, air purifiers are growing in popularity. Smart air purifiers are devices that are connected to other devices via the internet, and other technologies such as Bluetooth, near field communication (NFC), and Wi-Fi. The rise of the Internet of Things (IoT) technology also supports the development of smart air purifiers. Smart air purifiers allow the air quality to be monitored and managed from a smartphone application, which provides a live reading of quality data. For instance, in November 2022, Samsung India Electronics Ltd. (SIEL), a subsidiary of Samsung Electronics Company Ltd (SECL) of South Korea Samsung India Electronics Ltd. (SIEL), a subsidiary of Samsung Electronics Company Ltd (SECL), a Korea-based technology company, launched two models of air purifiers, AX46 and AX32. These purifiers are Internet of Things (IoT)-enabled and remove nanoparticles, ultrafine dust, bacteria, and allergens.
The commercial fan and air purification equipment market covered in this report is segmented -
1) By Type: Air Purification Equipment, Attic And Exhaust fans, Other Commercial Fan And Air Purification Equipment
2) By Range: Less Than 200 Square Ft, 200 - 400 Square Ft, More Than 400 Square Ft.
3) By Capacity: Small, Medium, Large
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Major companies operating in the commercial fan and air purification equipment market report are ebm-papst Group, Systemair, Sharp Corporation, CECO Environmental Corporation, Johnson Controls International plc, FlktGroup, Twin City Fan & Blower, Greenheck Fan Corporation, Munters, Volution Group plc, Daikin Industries Ltd, LG Electronics Inc, Panasonic, Xiaomi Corporation, Coway, Sunbeam Products Inc, YADU, Midea, Beiangtech, Air 0 Limited, Jimco A/S, Dry IT Out Limited, Air Concern Limited, Bench Vent, Respr Technologies, ABIOTEC UV, Dyson Ltd, IQ Air, Honeywell International Inc, Camfil, Koninklijke Philips Electronics NV, Blue Air, Electrolux, Lexy, Whirlpool Corp, Teqoya, Dexwet Holdings Corporation, Lennox International Inc, Air Purification Incorporated, Americair Corporation, Austin, Wynd Technologies, Samsung Electronics America.
Contents of the report:
1. Executive Summary
2. Commercial Fan And Air Purification Equipment Market Report Structure
3. Commercial Fan And Air Purification Equipment Market Trends And Strategies
4. Commercial Fan And Air Purification Equipment Market - Macro Economic Scenario
5. Commercial Fan And Air Purification Equipment Market Size And Growth
…..
27. Commercial Fan And Air Purification Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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