Posted On: 2020-05-07
China air purifier market is expected to surge on account of increasing incidences of airborne diseases and rising industrial and vehicle GHG emissions coupled with growing awareness about ramifications of air pollution on respiratory function -6WResearch.
The construction sector is one of the most dynamic sectors in China which is apparent from the increase in the number of large-scale projects in commercial, transportation, energy, and urban sectors. The dynamic nature of the construction sector also has its downsides as China ranks first in the highest CO2 emissions list. The CO2 present in the atmosphere densifies the air with particulate matter, leading to difficulty in breathing in ambient air, thereby generating the need for air purifiers in the country.
According to 6WResearch, China Air Purifier Market size is projected to grow at a CAGR of 6.9% during 2020-2026. With rapid urbanization and increasing awareness among the population about air pollution and its ill-effects on health, a greater number of people are opting for air purifiers and installing them in their homes. However, in a great turn of events, the sales figures would also get affected in the first half of 2020 due to recent outbreak of COVID-19.
According to Kanika Arora, Senior Research Analyst, 6WResearch, “Type-I technology accounted for about 32% revenue share in the China air purifier market in 2019 and is expected to grow at a significant rate in the forecast period on account of better cost/efficiency ratio of Type-I air purifiers.”
“Low CADR air purifiers acquired majority of the volume and revenue share in 2019 in China owing to small room sizes in the country as a result of heavy urbanization and large population. For instance, the country has an average residential floor space per capita of 20 m2 which is quite small in comparison to other developing countries.”, Kanika Arora further added.
According to Navneet Aggarwal, Research Analyst, 6WResearch, “Smart air purifiers allow users to actually track and control the air quality within their homes and come with an app which monitors and measures airborne particles in their home and delivers that data to users in real-time. The aforementioned characteristics have propelled the smart air purifier market in China.
China Air Purifier Market (2020-2026)" report provides an in-depth analysis with 18 figures and 6 tables covered in more than 70 pages. The report estimates and forecast the overall China 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.