India Air Purifier Market to Grow at 28% CAGR through 2024
According to TechSci Research report, “India
Air Purifier Market By Filter Type, By End Use, Competition Forecast & Opportunities, 2014 – 2024”,
air purifier market in the country is forecast to grow at a CAGR of over 28% during
2019-2024. Air purifier is a device which cleans the polluted air and is
capable of effectively removing bacteria, viruses and particulate matter
present in the air. Air purifiers are different from air cleaners in their
application, size, cost and area of purification. Level of air pollution is
increasing at a robust pace in India, owing to rapid industrialization, growing
vehicle sales and increasing number of construction projects. Moreover, growing
concerns regarding indoor pollution, which is more dangerous than outdoor
pollution, is expected to drive the market for air purifiers in India.
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India’s
medical tourism industry is growing at a fast pace, owing to the availability
of cheaper medical facilities related to cardiology, urology and orthopaedics,
in the country compared to other developed countries. Over the coming years,
number of medical tourists in India is expected to grow. In order to ensure clean air for the
patients, hospitals are increasingly installing air purifiers in their
premises. On account of surging health concerns and rise in incidence of
diseases among people, number of hospitals is expected to increase, thereby
driving demand for air purifiers, in the coming years.
North region accounted for a major share
in India air purifier market. Northern part of the country includes cities with
high pollution levels such as Delhi NCR, Ludhiana, Kanpur and Amritsar. Increasing
urban population and rising number of industries, houses, private vehicular
transport, etc., affect the quality of air.
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“Rising awareness about surging
pollution and increasing instances of respiratory diseases caused by various
air pollutants is expected to drive the market. Air purifiers clean the air and
keep users away from these diseases. This precautionary trend is expected to
aid the growth of India air purifier market during the forecast period. Also, various
foreign embassies, multinational companies, international schools,
internationals governing bodies, etc., are installing air purifiers in their
premises to ensure clean indoor environment for their staff members.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Air
Purifier Market By Filter Type, By End Use, Competition Forecast &
Opportunities, 2014 – 2024”
has evaluated the future growth potential of India air purifier market and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers to take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in India air purifier market.
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