The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Latin America Air Purifier Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Latin America Air Purifier Industry (2024-2030):
According to the latest report, The Latin America Air Purifier Market size was valued at around USD 135.44 million in 2024 and is projected to reach USD 181.17 million in 2030. Along with this, the market is also estimated to grow at a CAGR of around 3.12% during the forecast period, 2025-30. The factors attributing to the growth in demand for air purifiers in Latin American countries include the increasing Air Quality Index (AQI), rising implementation of government regulations to monitor indoor air quality, and growing health consciousness among consumers. Latin American countries, such as Chile, Peru, etc., usually depend on the manufacturing sector, including automotive and food & beverage, to elevate their economies. These industries contribute significantly to the nation’s Gross Domestic Product (GDP).
Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2020-23
- Base Year: 2024
- Forecast Period: 2025-30
- CAGR (2025-2030): 3.12%
- Market Value (2024): USD 135.44 Million
What are the major Driver the Latin America Air Purifier industry?
Increasing Respiratory Health Problems Amplifying Market Growth – In recent years, there has been a surge in population in Latin American nations. As per the World Bank, in 2022, the population in Argentina reached around 46 million, an increase of about 4,26,083 individuals compared to 2021. This population growth is leading to urbanization and increased demand for transportation services. As a result, the official authorities of these Latin American nations are buying shuttles & buses. These vehicles emit gases that contribute to high levels of nitrogen dioxide & carbon monoxide, causing respiratory health hazards. Therefore, to minimize exposure to air pollution, both outdoor and indoor, individuals & different industry verticals are installing air purifiers, driving the market growth.
Further, the official authorities of Latin America are also actively launching health awareness programs, which would educate more individuals about the respiratory problems caused by rising emissions. This growing health consciousness among consumers would further enhance the demand for solutions that help reduce these emissions & provide clean and breathable air, uplifting the Latin American air purifier market in the coming years.
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Latin America Air Purifier Market Segmentation
The Latin America Air Purifier Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Standalone Air Purifiers- Market Size & Forecast 2020-2030, USD Million & Thousand
- Fixed/Wall-mounted- Market Size & Forecast 2020-2030, USD Million & Thousand
- Portable- Market Size & Forecast 2020-2030, USD Million & Thousand
- In-duct Air Purifiers- Market Size & Forecast 2020-2030, USD Million & Thousand
- Standalone Air Purifiers- Market Size & Forecast 2020-2030, USD Million & Thousand
- By Filter Type
- High-Frequency Particulate Air (HEPA) filters- Market Size & Forecast 2020-2030, USD Million & Thousand
- Prefilter + HEPA – Market Size & Forecast 2020-2030, USD Million & Thousand
- Prefilter + HEPA + Activated Carbon – Market Size & Forecast 2020-2030, USD Million & Thousand
- HEPA + Activated Carbon + Ionic filters- Market Size & Forecast 2020-2030, USD Million & Thousand
- Prefilter + HEPA + Electrostatic Precipitators- Market Size & Forecast 2020-2030, USD Million & Thousand
- Others- Market Size & Forecast 2020-2030, USD Million & Thousand
- By Sales Channel
- Online Sales- Market Size & Forecast 2020-2030, USD Million & Thousand
- Company/Brand Websites- Market Size & Forecast 2020-2030, USD Million & Thousand
- E-commerce Websites- Market Size & Forecast 2020-2030, USD Million & Thousand
- Offline Sales- Market Size & Forecast 2020-2030, USD Million & Thousand
- Hypermarkets/Supermarkets- Market Size & Forecast 2020-2030, USD Million & Thousand
- Specialty Stores- Market Size & Forecast 2020-2030, USD Million & Thousand
- Online Sales- Market Size & Forecast 2020-2030, USD Million & Thousand
- By End Users
- Commercial- Market Size & Forecast 2020-2030, USD Million & Thousand
- Residential- Market Size & Forecast 2020-2030, USD Million & Thousand
- Industrial- Market Size & Forecast 2020-2030, USD Million & Thousand
- Institutional- Market Size & Forecast 2020-2030, USD Million & Thousand
- By Country
- Brazil
- Argentina
- Mexico
- Chile
- Peru
- Rest of Latin America
As per the regional aspect, the Latin America Air Purifier Market is expected to be dominated by Latin America by capturing the potential market share.
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Top Companies in the Latin America Air Purifier Market
Bissell, Inc. , Whirlpool Corporation , Camfil , DAIKIN INDUSTRIES, Ltd. , Honeywell International Inc. , Koninklijke Philips N.V. , Philco Electronics , LG Electronics Inc. , Thermomatic do Brasil Ltd. , Panasonic Corporation , IQAir
Recent Developments by Leading Companies
2024: Daikin Industries introduces a UV-LED air purifier that helps kill around 99.99% of pathogens.
2023: Panasonic Corporation launched a portable air purifier that helps in reducing odors and diminishing the harmful bacteria present in the air.
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