Global Negative Air Machines And Air Scrubbers Market Revenue Was $ 41.91 Million In 2018
An air scrubber is a portable filtration system that removes particles, gasses, and/or chemicals from the air within a given area. These machines draw air in from the surrounding environment and pass it through a series of filters to remove contaminants.
A negative air machine uses ducting to remove contaminated air from a sealed containment area. The filtered air is exhausted outside of the containment area. This creates negative air pressure (a vacuum effect), which helps limit the spread of contaminants to other areas inside the structure.
The global Negative Air Machines and Air Scrubbers
revenue was $ 41.91 million in 2018 and is expected to reach $ 53.66 million in 2024, growing at a CAGR of 4.20% from 2019 to 2024. North America`s revenue accounted for the highest market share (56.87%) in 2018, followed by Europe. North America is expected to maintain its leading position for the next five years owing to the growth of downstream applications.
Globally, the Negative Air Machines and Air Scrubbers’s industry market is low concentrated as the manufacturing technology of Negative Air Machines and Air Scrubbers is relatively matures. And some enterprises, like Legend Brands, B-Air, XPOWER etc. are well-known for the wonderful performance of their Negative Air Machines and Air Scrubbers.
The product average price declined in the past few years due to the technology development, the average price will keep the trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials.
The impact on the cost and availability of raw materials and certain components is uncertain due to potential supply changes. The costs of raw materials have a significant impact on the level of expenses. If the prices of raw materials and related factors such as energy prices increase, and if new companies cannot pass those price increases on to customers, their results of operations and financial condition would suffer.
With emerging economies growing faster, a strategy has been adopted by most leading vendors in the Negative Air Machines and Air Scrubbers market to approach these areas. The Negative Air Machines and Air Scrubbers market indicated that North America would account for the highest sales in 2024.
Although the market competition of Negative Air Machines and Air Scrubbers is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Negative Air Machines and Air Scrubbers and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.