India Air Purifier Market to Grow at a CAGR of 33.32% until FY2027F
Rising pollution levels and increasing prevalence of airborne
diseases are driving the India air purifier market towards steady growth.
According to
TechSci Research report, “India
Air Purifier Market By Filter Type (HEPA + Activated Carbon, Prefilter +
HEPA + Activated Carbon, Prefilter + HEPA, HEPA and Others), By Coverage Area
(≤ 300 sq. ft, 301-600 sq. ft, 601-900 sq. ft and >900 sq. ft), By End Use
(Residential, Commercial and Industrial), By Distribution Channel (Direct
Sales, Multi-Branded Electronics Store, Online, Supermarket/Hypermarket,
Others), By Region, By Leading City, Competition Forecast & Opportunities,
FY2017– FY2027F”,
India air purifier market stood at over USD85.08 million in FY2021 and is
projected to cross over USD569.07 million by FY2027F and is expected to grow at
a CAGR of more than 33.32% by 2027F, owing to rising expenditure on health and
wellness products along with growing awareness regarding hazardous effects of
air pollution. 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. The demand of air purifier has
increased from November 2017 when the air quality index was monitored 999 in
Delhi, which is above the hazardous category, making Delhi the most polluted
city in India. Since, air purifiers clean the air and keep users away from the
respiratory diseases, they are also highly recommended by the doctors.
Moreover, rising public transport, construction projects, and growing numbers
of hospitals, offices, movie theaters, shopping malls and other recreational
activities are offering huge growth opportunities to manufacturers of air
purifiers in India. Furthermore, the rising urban population, strong brand
awareness, and increasing disposable income are further augmenting the demand
for good quality of air purifiers across the country. A change in consumer buying
behavior was observed from buying through the retail outlets to online. Due to
the spread of the pandemic and lockdown in the country all the retail outlets
were closed, and it was the online channels which were completing all sorts of
demands of the population.
Interstate travel
and logistics were hampered as a result of the lockdown restrictions, which are
required to maintain an efficient supply chain in the air purifier industry.
Manufacturers of air purifiers have suffered significant financial losses as a
result of the disruption of the country's supply chain network. Due
to the lack of port facilities, many manufacturing companies were unable to
complete their shipments for imports and exports. Furthermore, due to the
unavailability of services at transporting hubs across the country during the
lockdown, the companies were unable to supply their products to retail outlets
within the country.
Browse 28 market data Figures and 6 Tables spread through 102
Pages and an in-depth TOC on "India Air Purifier Market"
https://www.techsciresearch.com/report/india-air-purifier-market/3075.html
The
India air purifier market can be segmented into filter type, coverage area, end
use, distribution channel, region, leading city and company. In terms of filter
type, the India air purifier market is divided into HEPA + Activated Carbon,
Prefilter + HEPA + Activated Carbon, Prefilter + HEPA, HEPA and others. Among
them, HEPA + Activated Carbon air purifiers have accounted for the largest
market share of more than 48% in FY2021, as they are used to remove dust as
well as particulate matter, while activated carbon removes foul odor. Activated
carbon and HEPA filters can trap 99.97% of small particles sized 0.3 microns
and higher as well as most larger particles, especially spores.
Based on end-use, the India air purifier
market is divided into Residential, Commercial and Industrial sectors. Among
them, commercial segment dominated the majority of the market share in FY2021 and
is expected to grow in the forecast period as well, due to improving
infrastructure and increasing number of smart cities as the government is
committed to develop 100 smart cities across the country.
In terms of region, the India air
purifier market is divided into North, West, South, and East. Among which, the North
region accounted for the majority of market share in India air purifier market
and is expected to maintain its dominance throughout the forecast period FY2027F on account of high air pollution level in this region.
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“The India air
purifier market is expected to exhibit steady growth in the forthcoming years. Air
purifier companies are working on cost-effective technologies to make air
purifiers affordable. For instance, in November 2020, Honeywell introduced “Honeywell
Electronic Air Cleaners” with UV Systems which remove impurities from the air
and provide filtration and disinfection without a significant pressure drop.
New indoor air quality sensors detect even the smallest particles, volatile
compounds and other key metrics. Now a basic air purifier that simply cleans
the air with the touch of a few buttons is coming packed with features such as
real-time and wifi-enabled control systems.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India Air Purifier Market By
Filter Type (HEPA + Activated Carbon, Prefilter + HEPA + Activated Carbon,
Prefilter + HEPA, HEPA and Others), By Coverage Area (≤ 300 sq. ft, 301-600 sq.
ft, 601-900 sq. ft and >900 sq. ft), By End Use (Residential, Commercial and
Industrial), By Distribution Channel (Direct Sales, Multi-Branded Electronics
Store, Online, Supermarket/Hypermarket, Others), By Region, By Leading City,
Competition Forecast & Opportunities, FY2017– FY2027F” has evaluated the future growth potential of air
purifiers in India 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 the India air
purifier market.
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