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KEY FINDINGS
The North America industrial air purifier market is anticipated to garner a CAGR of 4.75%, during the forecast years of 2019 to 2028. The key drivers fuelling market growth include the impact of air pollution on the economy, regulatory measures initiated by the government, and the presence of leading electrical enterprises.
MARKET INSIGHTS
The North America industrial air purifier market growth is analyzed across the United States and Canada. Exposure to air pollution is among the predominant causes of death and diseases, across the world. Similarly, air pollution in Canada is associated with more than 14,000 fatalities, annually. The health effects of pollutants such as ground-level O3 and PM2.5 are likely to levy economic expenses ranging from increased need for medical care, loss of productivity, increased risk of early deaths, and deteriorated quality of life. As a result, such aspects cost the Canadian economy and the country's residents, nearly billions of dollars, each year.
Canada's government is also establishing numerous efforts to minimize the overall levels of air pollution. Likewise, the emission of pollutants and contaminants into the atmosphere is subject to numerous regulations formed, developed, and implemented under the authority of the Canadian Environmental Protection Act, 1999. These guidelines aim to curb the number of pollutants released into the atmosphere, annually. Moreover, as part of the federal government's contribution to the Air Quality Management System's implementation, Canada introduced the Multi-Sector Air Pollutants Regulations in 2016. This marked the establishment of the country's first compulsory national air pollutant emissions regulations for major industries.
COMPETITIVE INSIGHTS
Prominent companies in the market are, Honeywell International Inc, Ducon Technologies, General Electric Company, Babcock Wilcox Enterprises Inc, Parker Hannifin Corporation, etc.
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- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments