Press Release

A USD 1.60 Billion Latin America Air Purifier Market to Accelerate at a CAGR of Around 6.20% During 2024-30”

The Latin America Air Purifier Market size was valued at around USD 1.60 billion in 2023 and is anticipated to grow at a CAGR of about 6.20% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. Rising levels of air pollutants & contaminants, the prevalence of respiratory illnesses, the increasing enforcement of government policies, and a growing consciousness of fitness among customers are a number of the factors undoubtedly assisting the Latin America Air Purifier Market.

Latin American nations enormously depend on the manufacturing & industrial sectors to bolster their economies since these sectors contribute substantially to their Gross Domestic Product (GDP). As a result, governments in these nations are promoting the establishment of numerous industrial units and fostering industrialization. The rise in industrialization is increasing emissions of pollutants, posing significant health risks to individuals. Hence, individuals and businesses are turning to air purifiers to enhance indoor air quality and mitigate the health hazards associated with industrial emissions, driving the Latin America Air Purifier Market.

In addition, the per capita income of individuals residing in Latin American nations is growing. As per the World Bank, in 2022, the GDP per capita in Brazil reached around USD 8,917, an increase of about USD 1,221 compared to 2021. This surge in net disposable income is facilitating the purchase of vehicles and resulting in higher vehicle ownership. On-road vehicles emit gases that affect the respiratory health, cardiovascular function, and overall well-being of an individual. Thus, customers are buying air purifiers equipped with next-generation filtration technologies, uplifting the growth of the Latin America Air Purifier Market.

In addition, the official authorities of Latin American countries are reforming corporate laws to ease doing business. This is consequently resulting in the penetration of several foreign enterprises in Latin America. These industries would contribute to higher levels of air pollution and industrial emissions that adversely affect indoor and outdoor air quality. Therefore, the different industry verticals would use air purifiers to improve indoor air quality, boosting the market growth in the forecast years., further states the research report, “Latin America Air Purifier Market Analysis, 2024.”

Latin America Air Purifier Market Segmentation Analysis

High-Frequency Particulate Air (HEPA) Filters Hold Major Market Share

Based on the filter type, the market is further bifurcated, into, High-Frequency Particulate Air (HEPA) filters, Prefilter + HEPA, Prefilter + HEPA + Activated Carbon, HEPA + Activated Carbon + Ionic filters, Prefilter + HEPA + Electrostatic Precipitators, and others. Among them, High-Efficiency Particulate Air (HEPA) filters are emerging as the leading choice in the Latin America Air Purifier Market. These filters offer a higher level of filtration than the other available filters in the market. As a result, end-users are recognizing their excellent performance and efficacy and actively buying air purifiers equipped with HEPA filters.

Moreover, HEPA filters offer versatility and adaptability since they seamlessly integrate into various air purifiers that cater to diverse consumer needs. This flexibility in application engages consumers across different segments, further strengthening the market dominance of HEPA filters in the Latin America Air Purifier Market.

Brazil Leads the Latin America Air Purifier Market

Brazil held a significant share of the Latin America Air Purifier Market. Over recent years, Brazil has experienced a notable rise in air pollution due to rapid urbanization, industrial activities, and vehicular emissions. This air quality degradation is posing substantial health risks to individuals. As a result, buyers and end-users have been actively transitioning towards air purifiers to mitigate indoor pollution. Moreover, Brazilian official bodies are progressively implementing environmental policies and ordinances to curb pollution and address climate change concerns. These regulations are compelling both businesses and individuals to opt for air purification technologies, thereby propelling market growth in the country.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Bissell, Inc., Whirlpool Corporation, Camfil, DAIKIN INDUSTRIES, Ltd., Huawei Technologies Co. Ltd., Honeywell International Inc., Koninklijke Philips N.V., Philco Electronics, LG Electronics Inc., Thermomatic do Brasil Ltd., Panasonic Corporation, IQAir, and others, are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various countries?
6. How have the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?