The North America Commercial Fan and Air Purification Equipment Market would witness market growth of 7.7% CAGR during the forecast period (2023-2030).
Commercial fans and air purification systems are essential for keeping clean and hygienic indoor environments in many commercial settings. These systems are made to promote ventilation, clean the air, and eliminate toxins to protect the health of the people inside. Applications for commercial fans and air purification equipment can be found in various commercial spaces, including offices, healthcare, schools, hotels, restaurants, retail stores, and industrial settings. By lowering the risk of airborne pollutants, allergies, and toxins, they help to create an environment that is comfortable and healthful for employees, customers, and visitors.
As a result of environmental issues and cost reductions, energy efficiency is a major concern in the commercial sector. The manufacturers are creating energy-efficient solutions to assist businesses in reducing their energy usage and meeting sustainability targets, fostering market expansion. Manufacturers have been actively working on energy-efficient solutions as they recognize the significance of lowering energy usage.
These cutting-edge technologies offer efficient ventilation & air purification and aid businesses in achieving their sustainability objectives. Businesses can reduce their adverse effects on the environment while making significant long-term cost savings by implementing energy-efficient commercial fans and air purification equipment. Organizations from various industries prioritize integrating sustainable and eco-friendly solutions into their operations, and this emphasis on energy efficiency has been a critical factor in the market's growth. Due to these factors, the market is anticipated to grow throughout the forecast period.
The United States air quality drastically improved from 2010 to 2016, saving thousands of lives annually. Still, pollution levels have risen again, according to a new yearly report published in the Annals of Thoracic Society. The researchers found that in 2017, particle and ozone pollution resulted in 7140 premature deaths. In addition, 4.6 percent of people in the US have been diagnosed with emphysema, COPD, or chronic bronchitis at some point.
In 2021, COPD-related visits to the emergency room totalled 1.2 million. The sixth leading cause of mortality in the US in 2021 was chronic lower respiratory illnesses, claiming 142,342 lives. To restrict the emission of air toxins from industry, the EPA has developed several technology-related standards. By restricting and controlling the amount of polluted air coming from the source, Maximum Achievable Control Technology (MACT) standards control the emission levels. To reduce emissions, these laws will encourage installing commercial fan and air purification systems.
The US market dominated the North America 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 $26,710.2 million by 2030. The Canada market is experiencing a CAGR of 10.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.2% 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 U.S., Mexico, Canada, and Rest of North America.
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
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