East China to Lead China Air Purifiers Market through 2025
Rising urbanization, increasing
consumer spending on lifestyle products and deteriorating air quality to drive
China air purifiers market through 2025
According to
TechSci Research report, “China
Air Purifiers Market By Filter Type (HEPA + Activated Carbon; HEPA +
Activated Carbon + Ion & Ozone; True
HEPA and Others), By End Use (Residential/Household Vs.
Non-Residential/Commercial), By Distribution Channel (Direct/Institutional
Sales; Offline Retail Sales and Online Retail Sales), Competition Forecast & Opportunities, 2015 – 2025”, China
air purifiers market stood at USD 1489.84 Million in 2019 and is projected to
grow at a CAGR of 5.12% to surpass USD 1767.81 Million by 2025. Level
of air pollution is increasing at a robust pace in China, owing to rapid
industrialization, transportation, growing car sales and increasing number of
construction projects. Pollution contaminates the air and increases risk of
various types of diseases. Moreover, growing concerns regarding indoor pollution,
which is more dangerous than outdoor pollution, is further expected to drive
China air purifiers market.
A large demand
for air purifiers emanates from commercial sectors in China. The country has a
very advanced bio-technology sector and application of air purifiers in
commercial establishments such as laboratories, offices, factories, etc., is
vital for the proper functioning of machineries and workers. Thus, growing
demand from commercial sector on account of increasing number of hotels, flats,
malls and buildings, etc., is expected to positively influence the country’s
air purifier market during the forecast period.
Browse 25 market Figures spread through 90 Pages and an in-depth TOC on "China
Air Purifiers Market"
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Due
to COVID-19 lockdown across China, consumers started to increasingly purchase
products from online platforms as they wanted contactless supplies of their
products due to the risk of serious illness from COVID-19 in people with
chronic and respiratory diseases. Retail stores were also shutdown across the
country due to lockdown. Consumers across the country are also opting to
purchase air purifiers through online platforms due to availability of
exclusive offers and heavy discounts on e-commerce platforms.
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“East China is
anticipated to witness swift growth in China air purifiers market during
forecast period. Cities like Juijiang, Huaibei, Huainan, etc., in Anhui
province of China, which are among the most polluted cities across the country,
are likely to witness swift growth in the air purifiers markets. East China is
projected to witness growth at the CAGR of 5.61% during 2020-2025F owing to low
product penetration and rising pollution levels in the country.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“China
Air Purifiers Market By Filter Type (HEPA + Activated Carbon; HEPA + Activated
Carbon + Ion & Ozone; True HEPA and
Others), By End Use (Residential/Household Vs. Non-Residential/Commercial), By
Distribution Channel (Direct/Institutional Sales; Offline Retail Sales and
Online Retail Sales), Competition
Forecast & Opportunities, 2015 – 2025
”
has evaluated the future growth potential of air purifiers in China 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 take sound investment
decision. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities present in China air
purifiers market.
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