Report ID: SQMIC25H2042
Report ID:
SQMIC25H2042 |
Region:
Country |
Published Date: March, 2024
Pages:
223
|
Tables:
62 |
Figures:
75
U.S. Air Purifier Market size was valued at USD 2.62 billion in 2021 and is poised to grow from USD 2.8 billion in 2022 to USD 4.78 billion by 2030, growing at a CAGR of 6.9% during the forecast period (2023-2030).
The market has been driven by the rise in pollution levels in United States. The rise in pollution levels and the increase in respiratory illnesses have led to a higher demand for various household products in the country. This includes cleaning appliances, air purifiers, water filtration devices, and kitchen appliances. Additionally, the growing awareness about health has also contributed to an increase in product sales. According to the U.S. Environmental Protection Agency (U.S. EPA), the average American spends about 90% of their time indoors. Over the years, indoor concentrations of certain pollutants have risen due to factors like energy-efficient building construction and synthetic materials. Indoor pollution sources include asbestos, formaldehyde, radon, and biological pollutants from coatings, paints, carpets, and damp environments. To combat this, using an air purifier, especially one with a high-efficiency particulate air filter, can eliminate over 99.97% of particulate matter from the air, as stated by the EPA. Air quality legislation, such as the establishment of national ambient air quality standards and emission reduction programs, are expected to create new opportunities for air purifier manufacturers in the U.S. Regulatory measures, air quality management programs, and the installation of air quality monitoring systems will drive the demand for air purifiers in the coming years. States like California and New Jersey have regulations in place to ensure indoor air quality standards. The air purifier market in the U.S. is growing due to high disposable income, widespread adoption of air purifiers, and the presence of key players in the industry such as IQAir, Honeywell International Inc., and LG Electronics. Industrial growth and increasing air pollution also contribute to the need for air purifiers, and the expansion of product portfolios by key players will further drive market growth. Air purifiers in the U.S. are sold through various e-commerce platforms like Amazon.com and eBay. Major retailers such as Walmart, Best Buy, The Home Depot, Inc., and Target Corporation also have their own e-commerce websites for customers to purchase air purifiers. Additionally, independent internet sales companies also offer air purifiers for sale in the country.
US Air Purifier Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIC25H2042