Posted On: 2020-03-06
Room air purifier market revenues are expected to grow at a CAGR of 26.8% during 2020-26-6Wresearch
The majority of people in India are exposed to toxic air pollution every year due to the rise in construction activities, stubble burning, burning of fossil fuels, forest fires, and bursting of firecrackers during the season of Diwali. On account of such factors, there is a significant deterioration of the country’s air quality. Further, most of the states and cities in India fall under the hazardous air quality category and the trend is anticipated to prevail in the future as well with a greater number of cities joining the ‘dangerous air quality club’. These factors would drive the growth of air purifiers in India over the coming years.
According to 6Wresearch, India Air Purifier Market size is projected to grow at a CAGR of 19.6% during 2020-26. “Room air purifiers accounted for the highest revenue and volume share in the overall India air purifiers market in 2019. However, over the years to come, the car air purifiers and commercial air purifiers market in the country is also expected to witness healthy growth. Some of the key factors which would drive the market growth across such segments include the initiatives taken up by the government agencies such as the deployment of air purifiers in the city area for clean air and growing awareness among the people regarding air borne diseases and rise in the air pollution levels during morning and evening office hours.”
According to Kanchan Negi, Assistant Manager, Research and Consulting, 6Wresearch, “in the recent budget 2020, the Government of India allocated INR 69,000 crore to improve the healthcare sector. Further, the Aspirational District scheme has been initiated by the Government of India that would provide new hospitals and colleges in 112 underserved districts of Tier 1 and Tier 2 cities. Such government initiatives and favorable schemes in the healthcare industry would help to attract various private equity, venture capitals, and foreign players in the country, leading to positive growth in the healthcare industry, thus, paving way for the growth of air purifier market in near future.”
According to Apoorva Sawhney, Research Analyst, Research and Consulting, 6Wresearch, “The dimensions of the air purifier system is an important area of consideration in the purchase process for the consumer. End-users typically prefer air purifiers which offer more air purifying capacity and occupy less space. The adoption of air purifiers falling in the height range of 30.1-75 cms is anticipated to show significant growth during the forecast period as they offer decent airflow range and could be fit and installed in relatively smaller spaces such as bedrooms and living rooms.”
Some of the key players in the India air purifier market include Daikin, LG Electronics, Philips, Blue Star, Honeywell, Kent, Xiaomi, Sharp, Panasonic, and Blue air.
“India Air Purifier Market (2020–2026)” report provides an in-depth analysis with 53 figures and 4 tables, covered in more than 120 pages. The report estimates and forecasts the overall India air purifier market by types, technology, sales channels, applications, and regions. The report also offers insights on competitive landscape, company profiles, market drivers, and restraints.