The U.S. air purifier market accounts for a valuation of US$ 3.7 billion in 2022 after expanding at 4.7% CAGR from 2017 to 2021. Sales of air purifiers in the United States are forecast to increase rapidly at 6.6% CAGR and reach a valuation of US$ 6.7 billion by 2032. The market is poised to provide US$ 2.9 billion of absolute dollar opportunity over the assessment period.
The U.S. air purifier market has experienced significant growth in recent years, driven by a growing demand for clean and healthy indoor air. This expansion has led to a more robust value chain, with various stakeholders contributing to the market’s development. In this article, we will provide an overview of the U.S. air purifier market, highlighting its growing demand, expansion, and the value chain that supports its growth.
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Growing Demand:
The demand for air purifiers in the United States has been steadily increasing, primarily due to several key factors:
Health Awareness: A heightened awareness of the health risks associated with indoor air pollution, including allergies, respiratory issues, and the spread of airborne diseases, has driven consumers to seek air purification solutions.
Environmental Concerns: Growing concerns about environmental pollution and its impact on indoor air quality have motivated consumers to invest in air purifiers as a means to mitigate these risks.
Pandemic Response: The COVID-19 pandemic accelerated the adoption of air purifiers in both residential and commercial settings as a means to reduce the transmission of airborne viruses.
Overview:
The U.S. air purifier market is diverse, encompassing a wide range of products and technologies catering to various consumer needs. Key highlights include:
Product Diversity: Air purifiers are available in various sizes, types, and designs, ranging from portable units for individual use to large, whole-house systems. This diversity caters to both residential and commercial markets.
Technology Advancements: Continuous innovation has led to the development of advanced filtration technologies, such as HEPA filters, UV-C sterilization, and smart purifiers that can be controlled via smartphones.
Key Players and Competitive Landscape:
- American Air & Water, Inc.
- Honeywell International Inc.
- Panasonic Corporation of North America
- LG Electronics USA, Inc.
- Sharp Electronics Corporation (USA)
- Whirlpool Corporation
- Carrier Corporation
- Hamilton Beach Brands Holding Company
- Molekule
Expansion:
The expansion of the U.S. air purifier market can be observed in multiple dimensions:
Market Size: The market has grown significantly in terms of revenue, with an increasing number of players entering the market to meet the rising demand.
Geographical Reach: Air purifiers are now readily available across the United States, from major urban centers to rural areas, reflecting their widespread adoption.
Commercial Applications: Beyond residential use, air purifiers are being integrated into commercial settings, including offices, schools, healthcare facilities, and hospitality sectors.
Value Chain:
The value chain of the U.S. air purifier market comprises various stakeholders who play vital roles in its growth and development:
Manufacturers: Companies involved in the production of air purifiers, including designing, manufacturing, and quality control.
Distributors: Distributors and wholesalers responsible for getting products to retailers and consumers.
Retailers: Retail outlets, both physical and online, where consumers purchase air purifiers.
Service Providers: Companies offering maintenance, repair, and replacement services for air purifiers.
Consumers: End-users who drive demand for air purifiers by purchasing and utilizing these products.
Regulatory Bodies: Government agencies that establish and enforce standards for air purifiers to ensure their safety and efficacy.
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Conclusion:
The U.S. air purifier market’s growth is characterized by a surge in demand, market expansion in terms of size and geographical reach, and a diverse value chain that supports the industry’s development. As consumers continue to prioritize clean and healthy indoor air, the market is poised for further expansion and innovation in the years to come.
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