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North America Air Purification Market: Comprehensive study explores Huge Growth in Future |

08-19-2024 07:46 PM CET | Industry, Real Estate & Construction

Press release from: Business Market Insights

North America Air Purification Market: Comprehensive study explores Huge Growth in Future |

North America Air Purification Market: Comprehensive study explores Huge Growth in Future |

The air purification market in North America is expected to grow from US$ 7,347.86 million in 2022 to US$ 18,350.34 million by 2028. It is estimated to grow at a CAGR of 16.5% from 2022 to 2028.
Supportive Government Regulations and Policies for improving Air Quality Drives Market Growth
Government regulations are formulating policies to enhance the air quality of industrial and commercial environments, further strengthening the demand for air purifiers across various applications. For instance, the Clean Air Act (CAA), EPA sets limits on certain air pollutants, including how much can be in the air anywhere in the US. The rising number of initiatives by governments in many countries on reducing air pollutants, which help improve the air quality, is further boosting the market. For instance, in July 2022, the Canadian government introduced a clean air delivery rate (CADR) policy. The CADR describes how well the air purification machine reduces tobacco smoke, dust, and pollen. The higher the number, the more particles the air purifier can remove.

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MARKET INTRODUCTION

The US, Canada, and Mexico are among the major economies in North America. Rising air pollution and the prevalence of airborne diseases in the region increased product demand. The continuous contribution of tech giants in technological advancements created a stir in the competitive market across the region, thereby integrating advanced technologies in their respective business processes for better future growth. North American countries, especially the US and Canada, are technologically advanced and comprise numerous industries. Various states, such as California, Chicago, Illinois, Ohio, Oklahoma, and Mississippi, implemented lockdown measures to curb the COVID-19 pandemic. As a result, sales of home appliances such as air purification, water purification, kitchen appliances, and water purification are growing. Growing awareness of healthy living also contributed to the increase in product sales in the region. Comprehensive emission reduction strategies from the Air Quality Guideline EPA, the US Clean Air Act, and Environment Canada, including establishing National Air Quality Standards by the US, offer new opportunities for air purification manufacturers. The increasing installation of comprehensive ambient air quality monitoring systems, the development and implementation of regulatory measures, and the organization of air quality management programs to raise public awareness will drive the demand for the air purification market in North America in the coming years. In the United States, acceptance of products is rapidly increasing to minimize such health problems caused by poor air quality. Stringent air quality standards, guidelines, and regulations in the United States are expected to have a positive impact on the market.
List of Companies Profiled in the North America Air Purification Market Report are:
• Whirlpool Corporation
• Camfil
• DAIKIN INDUSTRIES
• Honeywell International Inc
• Koninklijke Philips N. V
• LG Electronics
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Key Segmentation:
The North America air purification market is segmented into product, application, and country. Based on product, the market is segmented into activated carbon filtration, HEPA, ionizer purifiers, UVGI, and others. The HEPA segment held the largest market share in 2022.
• Based on application, the market is segmented into commercial, residential, and industrial. The commercial segment held the largest market share in 2022.
• Based on country, the market is segmented into US, Canada, and Mexico. The US dominated the market share in 2022.
Table of Contents

Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.

Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and market size. It also covers market share and growth rate by regions.

Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.

Breakdown by Product and Application: This section provides details about market size by product and application.

Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.

Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.

Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.

Key Findings of the Research Study

Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.

Contact us:
If you have any questions about this report or would like further information, please contact us:
Contact person: Ankit Mathur
Email: sales@businessmarketinsights.com
Phone: +16467917070

About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

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