India Air Purifier Market Share and Growth 2023, CAGR Status, Emerging Trends, Revenue, Challenges, Business Opportunity and Forecast 2032: SPER Market Research
According to SPER Market Research, throughout the forecast period, the India Air Purifier Market is expected to expand at a remarkable CAGR. The increasing incidence of airborne diseases and the growing pollution levels in urban areas are the primary factors driving the air purifier market's expansion. Other key factors projected to propel the industry's progress include a rise in health consciousness, an improvement in living conditions, and an increase in disposable money. Technologies to reduce air pollution will become more and more necessary in the next years.
Because of the high rates of pollution and airborne ailments in various Indian cities, the market for air purifiers in India is expanding rapidly. Since indoor air is less filtered than outdoor air due to lack of circulation, air purifier adoption has increased, which is boosting the market's growth. Moreover, the market expansion can also be attributed to the unfavourable winter weather, since low wind speeds and poor ventilation indices prevent pollutants from dispersing and further cause respiratory problems, which in turn fuel market expansion. Further boosting the need for air purifiers in the nation to clean indoor air and remove pollutants and viruses was the emergence of the coronavirus epidemic.
India Air Purifier Market Overview
- Forecast CAGR (2023-2033): XX%
- Forecast Market Size (2033): XX billion
An important element driving the market's expansion is the region's alarmingly high levels of air pollution, which have transformed air purifiers from a luxury to an absolute necessity. In order to meet the nation's growing need for air purifiers, producers are increasingly developing and combining cutting-edge technologies. The development of novel UV light to capture and completely eradicate harmful germs is another element that is favourably affecting the development of the industry.
Impact of COVID-19 on the India Air Purifier Market
Health experts have not yet established that air purifiers can effectively halt the transmission of Covid-19 because it is not an airborne virus. Yet, during the initial epidemic and before the country was put on lockdown, air purifier companies noticed a tiny increase in demand from consumers taking preventative measures against the virus. Air purifier manufacturers anticipate that, in the short run, given the disruption to production and international trade caused by the limitations, they will turn to their current inventory. Due to consumer discretionary expenditure and low pollution levels, it is projected that the residential sector will recover slowly. The general public still views air purifiers as a luxury or lifestyle item rather than a necessity. It is projected that a temporary shift in focus toward commercial and institutional end-users, including hospitals, offices, and government buildings, will help the industry recover. Long-term changes in business practices are anticipated, including a greater emphasis on online sales through e-commerce platforms, as a result of consumers' ongoing fear of contact as a result of the Covid-19 outbreak.
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India Air Purifier Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Blueair, Inc., Daikin Industries Ltd., Dyson Group, Eureka Forbes Ltd, Haier Group, KENT RO Systems Ltd, Koninklijke Philips N.V., LG Electronics, Inc, Panasonic Corporation, Xiaomi Group.
India Air Purifier Market Segmentation:
By Mounting Type: Based on the Mounting Type, India Air Purifier Market is segmented as; Fixed, Portable.
By Filter Type: Based on the Filter Type, India Air Purifier Market is segmented as; HEPA, HEPA + Activated Carbon, Prefilter + HEPA, Prefilter + HEPA + Activated Carbon, Others.
By Coverage Area: Based on the Coverage Area, India Air Purifier Market is segmented as; ≤ 300 sq. ft, 301 – 600 sq. ft, 601 – 900 sq. ft, > 900 sq. ft.
By End User: Based on the End User, India Air Purifier Market is segmented as; Commercial, Industrial, Residential.
By Distribution Channel: Based on the Distribution Channel, India Air Purifier Market is segmented as; Direct Sales, Multi-Branded Electronics Store, Online, Supermarket/Hypermarket, Others.
By Region: Because to the high PM2.5 levels, notably in Delhi-NCR, the Northern region generates the majority of industry revenue.
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India Air Purifier Market Trends
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