The North America Residential Air Purifier Market would witness market growth of 6.3% CAGR during the forecast period (2021-2027).
Today, Air pollution is one of the deadliest and major reasons for death. An increase in pollution gives birth to chronic diseases such as lung cancer, asthma, ischemic heart disease, and irritation and health issues that help to propel the growth of the market. Solid fuels used in cooking, heating, and household lighting are the major source of indoor air pollution. Mass production and the resale of the vehicle is another reason that reduces the air quality index. The bad air quality has led the air purifiers, day to day necessity in an individual life. Increasing air pollution is the major factor in the growth of the residential air purifier market.
In the 21st century, energy generation is the major issue due to the increasing climatic concerns, which lead to being the main source of pollution across the world. Additionally, it would witness a major rise in the demand for energy-efficient air purifiers in the coming years. These purifiers also help as dehumidifiers and humidifiers for creating a pleasant odor-free environment. Smart device and technologies popularity demand for smart air purifiers is predicted to propel during the forecast period.
Various air quality policies like the U.S. Clean Air Act, the national ambient air quality standards described by the U.S. EPA as well as the comprehensive strategies for emission reduction by the Environment Canada are anticipated to serve with the innovative opportunities for air purifier manufacturers in the region. The increasing installation of comprehensive ambient air quality monitoring systems along with the development & implementation of regulatory actions & various organizing air quality management programs to spread awareness among the people would support the increasing demand for air purifiers in Mexico during the upcoming years.
Also, the rising prevalence of diseases caused due to polluted air in the United States is anticipated to surge the demand for residential air purifiers. Furthermore, the HEPA technology that is considered as one of the most effective technology to trap harmful airborne particles is anticipated to be in high demand in the United States in upcoming years.
The US market dominated the North America Residential Air Purifier Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,135.9 million by 2027. The Canada market is exhibiting a CAGR of 8.6% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 8.8% during (2021 - 2027).
Based on Type, the market is segmented into Standalone/Portable and In-Duct. Based on Technology, the market is segmented into High-efficiency Particulate Absorbing (HEPA), Activated Carbon, Ionic Filters, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Residential Air Purifier Market is Estimated to reach $5.9 Billion by 2027, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), Panasonic Corporation, The Whirlpool Corporation, Koninklijke Philips N.V., Xiaomi Corporation, Daikin Industries, Ltd., Dyson Limited, LG Electronics, Inc., Sharp Corporation, and Honeywell International, Inc.
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