Residential Air Purifier Market is Expected to Reach a Valuation of USD 7.44 Billion at a CAGR of 6.3 % by 2032
The residential air purifier market in North America is set for a consistent growth rate of 5.2% throughout the forecasted period. The substantial adoption and increasing prevalence of residential air purifiers in North American households can be mainly attributed to air quality regulations, including those mandated by the U.S. EPA, the U.S. Clean Air Act, and comprehensive emission reduction strategies implemented by Environment Canada. These regulatory interventions create new opportunities and growth avenues for manufacturers of residential air purifiers.
Globally, the residential air purifier market achieved a valuation of US$ 3.8 billion in 2021, and it is anticipated to witness a compound annual growth rate (CAGR) of 6.3% from 2022 to 2032. Forecasts indicate that the market is positioned to reach a global value of US$ 7.44 billion by the conclusion of 2032.
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