North American Air Purification Equipment Market to Reach US$4.8 Billion by ...
San Jose, California (PRWEB) November 17, 2011 -- On us on LinkedIn - Air purification equipment is gradually transcending its popular perception of being considered as a luxury, non-primary product. Today, thanks to painstaking manufacturer efforts, air purifier equipments are evolving into a necessary, a crucial and critical element to be a part of every modern home. The growing clamor over the health risks posed by pitiful indoor air quality has played an instrumental role in giving these equipments a status of indispensability. Moreover, wax in consumer spending power and investments made in home improvement also contribute to the growing use of air purification accoutrements. Customer base for these products today spans residential consumers who purchase these equipments under medical drug, to consumers seeking to improve the health of their indoor environment.
The 2007-2009 recession in retrospect, weakened the evolvement momentum in the North American Air Purification Equipment market. Recession induced economic and function pressures resulted in growth slowing down to single digit in the year 2009 as compared to the able-bodied double digit growth recorded in the preceding year. Growth in the year 2009 shrank to an all point low of 3.7% largely as a result of the then depressed construction industry . Rise in unemployment, lower available incomes, reduction in household wealth, reduced consumer spending, depreciation in home values, leading unsold home inventory, and decline in investments in new constructions and renovations all crippled the growth prospects.
