Posted On: 2020-04-17
Expanding construction industry and increasing incidences of airborne diseases coupled with rising consciousness about consequences of air pollution on respiratory functions, are the key factors that are expected to accelerate the sales of air purifiers in Canada during the forecast period -6WResearch.
Canada’s AQI index has been on the safer side when compared to other developed nations as the air quality in most of the major cities are in the 0-50 range. Furthermore, the air purifiers are not that prevalent in Canadian households as the government has also been doing a great job in keeping the pollution levels under check.
According to 6WResearch, Canada Air Purifier Market size is projected to grow at a CAGR of 5.0% during 2020-2026. The quantity of emissions of many air pollutants has plummeted in Canada in the past two decades. These reductions were attained through various measures, including the implementation of regulations, non-regulatory instruments, and technological improvements for transportation vehicles and industrial processes. However, as the market is relatively new and has bright prospects on the account of increasing urbanization & industrialization coupled with rising emissions from vehicles. Lastly, the repercussions of coronavirus would negatively impact the supply and demand side of the air purifier market in 2020 owing to the government-ordered industrial and residential lockdowns.
According to Kanika Arora, Senior Research Analyst, 6WResearch, “Type-I technology accounted for approximately 55% revenue share in the Canada air purifier market in 2019 and is expected to grow at a comparatively healthier rate during the forecast period on account of better cost/efficiency ratio of such type of air purifiers. Further, air purifiers with medium CADR dominated the market as the country has an average residential floor space of 49m2 per capita.”, Kanika Arora further added.
According to Navneet Aggarwal, Research Analyst, 6WResearch, “Majority of the players are targeting their products for the residential demographic in Canada as air purifiers are a necessity in the air polluted regions such as Regina and Courtenay, which has led to the increase in a number of units sold in the residential segment in 2019.”
Canada 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 Canada 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.