Similarly, the formation and implementation of regulatory measures, air quality management programs to raise public awareness, and the rising number of installations of extensive ambient air quality monitoring systems are all likely to drive product demand in Mexico over the coming years.
The air purifier used to be seen as a luxury item. Air purifiers are now essential, though, as both indoor and outdoor pollution levels are rising. There are growing worries about the health issues connected to air pollution. For those who are allergic to them, pollen, dust, mold spores, and pet dander can debilitate the quality of life considerably. Additionally, smoke particles and volatile organic compounds (VOCs) can be extremely harmful to human health. Air purifiers are, therefore, essential for eliminating harmful pollutants from the air and subsequently enhancing air quality.
Several manufacturers, such as Sharp Electronics Corporation and Panasonic Corporation, choose several agents or middlemen to sell their products to retail outlets or directly to customers. However, the presence of a large number of middlemen increases the distribution costs. As a result, companies such as Honeywell have started adopting a direct-to-customer strategy, wherein they have launched their e-commerce websites to sell air purifiers to customers to cut down on distribution costs.
North America Air Purifier Market Report Highlights
- HEPA technology segment led the market and accounted for a 40.2% share in 2022. The market penetration of air purifier products is expected to increase because of the high caliber and dependability of HEPA filters to remove airborne particles. HEPA filters do not, however, capture other airborne contaminants such as viruses, germs, mold, and volatile organic compounds (VOCs). To remove the aforementioned particles, this leads to the use of HEPA filters as well as activated carbon or ionic filters
- Activated carbon is expected to be the fastest-growing market, with a CAGR of 8.1% during the forecast period. Because of the high surface area and microporosity of the carbon granules used in the air filters, activated carbon is substantially good at capturing gases, fumes, and odors
- The commercial air purifier segment held the largest share of the market, i. e., 57.2% in 2022. Air purifiers are used in hospitals and medical laboratories to avoid contamination of air, as superior air quality is of utmost importance in these spaces. Air purifiers are used in educational institutes, research & development laboratories, and preschool & secondary educational facilities for removing airborne pathogens as well as to maintain indoor air quality
- U. S. air purifiers accounted for 76.4% of the North America market revenue in 2022, attributed to the widespread use of devices for enhancing the indoor air quality in residential, commercial, and industrial places, which is augmented due to the deteriorating air quality in the country
- Air purifier manufacturers adopt several strategies, including mergers, acquisitions, joint ventures, new product developments, and geographical expansions to enhance their market penetration. They also cater to the changing technological demand for equipment from various end-use industries such as residential, commercial, and industrial. For instance, in January 2023, Levoit introduced the Vital 200S Smart True HEPA Air Purifier, a brand-new smart air purifier with a 99.97% particle removal rate that aims to support a better lifestyle and provide the purest air possible
Table of Contents
Companies Mentioned
- Beyond by Aerus
- Arovast Corporation (Levoit)
- KOIOS
- Rabbit Air
- WYND TECHNOLOGIES, INC
- Oransi
- Pure Enrichment
- Amaircare
- Blueair
- Airpura Industries
- IQAir
- Honeywell International Inc.
- LG Electronics
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 169 |
Published | May 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 3.6 Billion |
Forecasted Market Value ( USD | $ 6.3 Billion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | North America |
No. of Companies Mentioned | 13 |