Posted On: 2020-04-16
Increasing industrialization and carbon emissions coupled with an increase in awareness about ill-effects of air pollution on respiratory organs are the key factors expected to propel the sales of air purifiers in Brazil during the forecast period -6WResearch.
Frequent wildfires are one of the major issues surrounding Brazil’s air pollution problem. Further, the smoke from these wildfires densifies the air by adding micro dust particles in the air which eventually makes the air unbreathable. Lastly, factors such as increasing pollution from industries and vehicles would also spur the demand for air purifiers during the forecast period in the country. However, the COVID-19 outbreak would slow down the market in terms of supply of the product in the first half of 2020. While on the other hand, demand-side would also fall victim to the slowdown due to the market being closed during the lockdown period.
According to 6WResearch, Brazil Air Purifier Market size is projected to grow at a CAGR of 3.7% during 2020-2026. 49,000 Brazilians fall victim to air pollution every year and about half of these deaths are from outdoor pollution, particularly in cities. Given the conditions, many players are planning to enter the Brazil air purifier market which would help expand the market in the country during the forecast period by giving it a supply-side push.
According to Kanika Arora, Senior Research Analyst, 6WResearch, “Type-I air purifiers were the most sold products in Brazil in the past years and this trend is expected to continue during the forecast period, owing to the low cost and easier accessibility of such air purifiers at local retail stores as compared to its other counterparts.”
“Low CADR air purifiers are more prevalent in Brazil owing to the small room sizes which can be attributed to heavy urbanization and large population. For instance, Brazil has an average residential floor space of 20m2 per capita. Additionally, the demand for low CADR air purifiers is projected to increase during the forecast period.”, Kanika Arora further added.
According to Navneet Aggarwal, Research Analyst, 6WResearch, “Residential sector held majority of the revenue share in the applications segment in 2019 as the consumers buying the air purifiers are more inclined towards improving the indoor air quality in their homes. Additionally, demand growth for air purifiers in the residential sector is also expected to increase during the forecast period.”
Brazil Air Purifier Market (2020-2026)" report provides an in-depth analysis with 10 figures and 6 tables covered in more than 70 pages. The report estimates and forecasts the overall Brazil air purifier market by technology, applications, and CADR values. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.