The Latin America, Middle East and Africa Commercial Fan and Air Purification Equipment Market would witness market growth of 11.2% CAGR during the forecast period (2023-2030).
Poor indoor air quality can lead to respiratory problems, allergies, poor productivity, and other health issues. To protect tenant health, this has led to businesses prioritizing air quality improvement. Additionally, energy efficiency has grown in importance for organizations in various industries.
Manufacturers are developing energy-efficient solutions to assist businesses in lowering their energy consumption and carbon footprint. The focus on sustainability and cost savings drives the market for commercial fans and air purification equipment that uses less energy. The market expansion is anticipated to be fuelled by all of these aspects throughout the anticipated period.
A significant market development is the escalating popularity of smart air purifiers. Consumer concern over the quality of the air they breathe is rising due to rising air pollution levels around the region, increased allergy & pollution awareness, and climate change. As a result, air purifiers are becoming more and more popular. Smart purifiers for air are devices that can connect to other devices via the internet and networks like Bluetooth, NFC, and Wi-Fi. Smart air purifier development is also aided by the growth of Internet of Things (IoT) technology. With the help of a smartphone application that provides a live reading of the air quality data, smart air purifiers make it possible to monitor and manage the air quality data.
Particularly, Dubai has developed into one of the most populated and rapidly expanding cities in the Middle East and the entire world. Rapid urbanization and industrialization impact the environment due to the country's rising population, notably on the air quality in commercial sites. Quarries and cement manufacturing facilities in the United Arab Emirates have serious air quality problems. The government has taken steps to monitor and control pollution levels because maintaining good air quality is one of the nation's top priorities. In Dubai, pollution management and air quality monitoring are the responsibilities of the Environment Protection and Safety Section. These UAE government’s initiatives will impact the demand for commercial fan and air purification equipment contributing to the market's steady rise over the coming years. This increases the need for commercial fan and air purification equipment in commercial buildings across region.
The Brazil market dominated the LAMEA Commercial Fan and Air Purification Equipment Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,482.1 million by 2030. The Argentina market is showcasing a CAGR of 11.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10.9% during (2023 - 2030).
Based on Equipment Type, the market is segmented into Air Purification Equipment, Attic & Exhaust Fan, and Others. Based on Power Range Type, the market is segmented into 200 - 400 Square Ft, Less Than 200 Square Ft and More Than 400 Square Ft. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Commercial Fan and Air Purification Equipment Market is Projected to reach USD 131.2 Billion by 2030, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Regal Rexnord Corporation, Panasonic Corporation, 3M Company, Daikin Industries Ltd., Hitachi, Ltd., Carrier Global Corporation, SPX Flow, Inc., Honeywell International Inc., Sharp Corporation and Illinois Tool Works Inc.
By Equipment Type
By Power Range Type
By Country
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