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.
Scope of the Study
Market Segments Covered in the Report:
By Equipment Type
- Air Purification Equipment
- Attic & Exhaust Fan
- Others
By Power Range Type
- 200 - 400 Square Ft
- Less Than 200 Square Ft
- More Than 400 Square Ft
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Regal Rexnord Corporation
- Panasonic Corporation
- 3M Company
- Daikin Industries Ltd.
- Hitachi, Ltd.
- Carrier Global Corporation
- SPX Flow, Inc.
- Honeywell International Inc.
- Sharp Corporation
- Illinois Tool Works Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Commercial Fan and Air Purification Equipment Market, by Equipment Type
1.4.2 North America Commercial Fan and Air Purification Equipment Market, by Power Range Type
1.4.3 North America Commercial Fan and Air Purification Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4 Porter Five Forces Analysis
Chapter 5. North America Commercial Fan and Air Purification Equipment Market by Equipment Type
5.1 North America Air Purification Equipment Market by Country
5.2 North America Attic & Exhaust Fan Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Commercial Fan and Air Purification Equipment Market by Power Range Type
6.1 North America 200 - 400 Square Ft Market by Country
6.2 North America Less Than 200 Square Ft Market by Country
6.3 North America More Than 400 Square Ft Market by Country
Chapter 7. North America Commercial Fan and Air Purification Equipment Market by Country
7.1 US Commercial Fan and Air Purification Equipment Market
7.1.1 US Commercial Fan and Air Purification Equipment Market by Equipment Type
7.1.2 US Commercial Fan and Air Purification Equipment Market by Power Range Type
7.2 Canada Commercial Fan and Air Purification Equipment Market
7.2.1 Canada Commercial Fan and Air Purification Equipment Market by Equipment Type
7.2.2 Canada Commercial Fan and Air Purification Equipment Market by Power Range Type
7.3 Mexico Commercial Fan and Air Purification Equipment Market
7.3.1 Mexico Commercial Fan and Air Purification Equipment Market by Equipment Type
7.3.2 Mexico Commercial Fan and Air Purification Equipment Market by Power Range Type
7.4 Rest of North America Commercial Fan and Air Purification Equipment Market
7.4.1 Rest of North America Commercial Fan and Air Purification Equipment Market by Equipment Type
7.4.2 Rest of North America Commercial Fan and Air Purification Equipment Market by Power Range Type
Chapter 8. Company Profiles
8.1 Regal Rexnord Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 Panasonic Holdings Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 SWOT Analysis
8.3 3M Company
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 SWOT Analysis
8.4 Daikin Industries Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Hitachi, Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 SPX Flow, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Carrier Global Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.5.2 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Sharp Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Honeywell International, Inc.
8.9.1 Company Overview
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. Illinois Tools Works, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 SWOT Analysis
TABLE 1 North America Commercial Fan and Air Purification Equipment Market, 2019 - 2022, USD Million
TABLE 2 North America Commercial Fan and Air Purification Equipment Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Commercial Fan and Air Purification Equipment Market
TABLE 4 Product Launches And Product Expansions– Commercial Fan and Air Purification Equipment Market
TABLE 5 Acquisition and Mergers– Commercial Fan and Air Purification Equipment Market
TABLE 6 North America Commercial Fan and Air Purification Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 7 North America Commercial Fan and Air Purification Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 8 North America Air Purification Equipment Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Air Purification Equipment Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Attic & Exhaust Fan Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Attic & Exhaust Fan Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Commercial Fan and Air Purification Equipment Market by Power Range Type, 2019 - 2022, USD Million
TABLE 15 North America Commercial Fan and Air Purification Equipment Market by Power Range Type, 2023 - 2030, USD Million
TABLE 16 North America 200 - 400 Square Ft Market by Country, 2019 - 2022, USD Million
TABLE 17 North America 200 - 400 Square Ft Market by Country, 2023 - 2030, USD Million
TABLE 18 North America Less Than 200 Square Ft Market by Country, 2019 - 2022, USD Million
TABLE 19 North America Less Than 200 Square Ft Market by Country, 2023 - 2030, USD Million
TABLE 20 North America More Than 400 Square Ft Market by Country, 2019 - 2022, USD Million
TABLE 21 North America More Than 400 Square Ft Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Commercial Fan and Air Purification Equipment Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Commercial Fan and Air Purification Equipment Market by Country, 2023 - 2030, USD Million
TABLE 24 US Commercial Fan and Air Purification Equipment Market, 2019 - 2022, USD Million
TABLE 25 US Commercial Fan and Air Purification Equipment Market, 2023 - 2030, USD Million
TABLE 26 US Commercial Fan and Air Purification Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 27 US Commercial Fan and Air Purification Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 28 US Commercial Fan and Air Purification Equipment Market by Power Range Type, 2019 - 2022, USD Million
TABLE 29 US Commercial Fan and Air Purification Equipment Market by Power Range Type, 2023 - 2030, USD Million
TABLE 30 Canada Commercial Fan and Air Purification Equipment Market, 2019 - 2022, USD Million
TABLE 31 Canada Commercial Fan and Air Purification Equipment Market, 2023 - 2030, USD Million
TABLE 32 Canada Commercial Fan and Air Purification Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 33 Canada Commercial Fan and Air Purification Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 34 Canada Commercial Fan and Air Purification Equipment Market by Power Range Type, 2019 - 2022, USD Million
TABLE 35 Canada Commercial Fan and Air Purification Equipment Market by Power Range Type, 2023 - 2030, USD Million
TABLE 36 Mexico Commercial Fan and Air Purification Equipment Market, 2019 - 2022, USD Million
TABLE 37 Mexico Commercial Fan and Air Purification Equipment Market, 2023 - 2030, USD Million
TABLE 38 Mexico Commercial Fan and Air Purification Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 39 Mexico Commercial Fan and Air Purification Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 40 Mexico Commercial Fan and Air Purification Equipment Market by Power Range Type, 2019 - 2022, USD Million
TABLE 41 Mexico Commercial Fan and Air Purification Equipment Market by Power Range Type, 2023 - 2030, USD Million
TABLE 42 Rest of North America Commercial Fan and Air Purification Equipment Market, 2019 - 2022, USD Million
TABLE 43 Rest of North America Commercial Fan and Air Purification Equipment Market, 2023 - 2030, USD Million
TABLE 44 Rest of North America Commercial Fan and Air Purification Equipment Market by Equipment Type, 2019 - 2022, USD Million
TABLE 45 Rest of North America Commercial Fan and Air Purification Equipment Market by Equipment Type, 2023 - 2030, USD Million
TABLE 46 Rest of North America Commercial Fan and Air Purification Equipment Market by Power Range Type, 2019 - 2022, USD Million
TABLE 47 Rest of North America Commercial Fan and Air Purification Equipment Market by Power Range Type, 2023 - 2030, USD Million
TABLE 48 Key Information – Regal Rexnord Corporation
TABLE 49 Key Information – panasonic holdings corporation
TABLE 50 Key Information – 3m Company
TABLE 51 Key Information – daikin industries ltd.
TABLE 52 Key Information – hitachi ltd.
TABLE 53 Key Information – spx flow, inc.
TABLE 54 Key Information – Carrier Global Corporation
TABLE 55 Key Information – Sharp Corporation
TABLE 56 Key Information – Honeywell International, Inc.
TABLE 57 Key information – Illinois Tool Works, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Commercial Fan and Air Purification Equipment Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Commercial Fan and Air Purification Equipment Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Porter’s Five Forces Analysis – Commercial Fan and Air Purification Equipment Market
FIG 7 North America Commercial Fan and Air Purification Equipment Market share by Equipment Type, 2022
FIG 8 North America Commercial Fan and Air Purification Equipment Market share by Equipment Type, 2030
FIG 9 North America Commercial Fan and Air Purification Equipment Market by Equipment Type, 2019 - 2030, USD Million
FIG 10 North America Commercial Fan and Air Purification Equipment Market share by Power Range Type, 2022
FIG 11 North America Commercial Fan and Air Purification Equipment Market share by Power Range Type, 2030
FIG 12 North America Commercial Fan and Air Purification Equipment Market by Power Range Type, 2019 - 2030, USD Million
FIG 13 North America Commercial Fan and Air Purification Equipment Market share by Country, 2022
FIG 14 North America Commercial Fan and Air Purification Equipment Market share by Country, 2030
FIG 15 North America Commercial Fan and Air Purification Equipment Market by Country, 2019 - 2030, USD Million
FIG 16 Swot Analysis: Regal Rexnord Corporation
FIG 17 SWOT Analysis: Panasonic Holdings Corporation
FIG 18 SWOT ANALYSIS: 3M Company
FIG 19 Swot Analysis: Daikin Industries Ltd.
FIG 20 Swot Analysis: Hitachi, Ltd.
FIG 21 Swot Analysis: SPX Flow, Inc.
FIG 22 Swot Analysis: Carrier Global Corporation
FIG 23 Swot Analysis: Sharp Corporation
FIG 24 Swot analysis: Honeywell international, inc.
FIG 25 Swot Analysis: Illinois Tool Works, Inc.