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China Air Purifier Market- Industry Trends & Forecast Report 2027 China Air Purifier Market- Industry Trends & Forecast Report 2027

China Air Purifier Market- Industry Trends & Forecast Report 2027 - PDF document

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China Air Purifier Market- Industry Trends & Forecast Report 2027 - PPT Presentation

China Air Purifier Market By Technology HEPA Technology HighEfficiency Particulate Air Activated Carbon Technology UV Technology Negative Ion Others By Product Type Portable Air Purifiers WholeHouse Air Purifiers and Cleaners Electrostatic Precipitators Smart air purifier Others ID: 904252

China Air Purifier Market China Air Purifier Market Size China Air Purifier Market Share

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China Air Purifier Market Gaining Ground: Forecast to Grow at a CAGR of 11.0% by 2027 China Air Purifier Market - Industry Trends & Forecast Report 2027 Summar y A recent study, conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that the China air purifier market was worth USD 1,845.4 million in 2020. According to the study, the market is estimated to grow at a CAGR of 11.0%, earning revenue of around USD 3,910.5 million by the end of 2027. Due to the growing prevalenc e of respiratory diseases and rising air pollution levels, the China air purifier market is flourishing at a high rate. Approximately 500,000 deaths in China are caused or have been related to particulate matter, according to a study. Thus, the demand for air purifiers is gaining traction in both commercial and residential areas. However, high installation and maintenance costs for air purifiers may act as a major restraini ng factor for the market growth . Report Overview The pollution level in seven Beijing districts reached the severe level in November 2021, negatively impacting normal life. Thus, the deteriorating air quality and increasing prevalence of airborne diseases are driving the China air purifier market . View report Press release Sample report China Air Purifier Market Gaining Ground: Forecast to Grow at a CAGR of 11.0% by 2027 China Air Purifier Market - Industry Trends & Forecast Report 202 7 China air purifier market was worth USD 1,845. 4 m illion in 2020 and is further projected to reach USD 3,910. 5 million by the year 2027, growing at a CAGR of 11. 0 % in the forecast period. The marke t is flourishing at a high rate because of the increasing levels of air pollution and fine dust in the environment caused by rapid industrialization and urbanization. A growing number of respiratory diseases caused by air pollution also favors the China ai r purifier market. Additionally, the launch of smart air purifiers and the availability of a wide range of air purifiers with attractive features are anticipated to drive market growth during the forecast period . China Air Purifier Market - Overvie w An air purifier or air cleaner removes harmful pollutants and contaminants from the air to make it breathable. Simply put, it's a device that improves the quality of air in the home, which is similar to a water purifier. Over 1 mi llion people die each year in China because of poor outdoor air quality. With deteriorating air quality, air purifiers have become a necessity in China. Its application can alleviate asthma symptoms, neutralize unpleasant odors, eliminate hazardous asbesto s particles, besides increase life expectancy. China is exploring a number of options to address its chronic smog problem. For instance, in 2018, Chinese officials launched the world's largest air purification tower in the city of Xi'an to combat air pollu tion ther e . China Air Purifier Market Forecast and Trend s Growth Driver s Increasing Levels of Air Pollutio n China is among the leading countries with the worst air quality. The annual average concentration of fine particulate matter in China was 57 micrograms per meter cube in 2017, which was six times higher than the acceptable levels recommended by the World H ealth Organization (WHO). China's rapid industrialization and extensive use of coal in economic activities contribute significantly to air pollution. Thus, the growing public awareness on air pollution is anticipated to fuel the demand for air purifiers fo r China during the forecast period . Launch of a Wide Range of Advanced Air Purifier s Air purifiers market growth in China is largely attributed to the high concentration of leading air purifier brands in the country. Additionally, both local and global bra nds are launching air purifiers to tap into the market. For instance, Huawei Smart Life recently launched Huawei Smart Life Air Purifier 1Pro. Additionally, smartphone manufacturer realme is also gearing up to launch air purifiers called realme TechLife Ai r Purifier Pro . China Air Purifier Market Gaining Ground: Forecast to Grow at a CAGR of 11.0% by 2027 Restraint s High Cost of Installation and Maintenance Cost s China's air purifier market may be hindered by the high installation costs of air purifiers. Low - priced air purifiers are gaining significant traction among middle - and lower - class families in the country. However, the installation prices of air purifiers remain relatively high, which may restrict its market demand in the foreseeable future. Additionally, air purifiers require periodic maintenance and filter replacements for maximum efficiency and performance, which may cause an additional financial burden for consumers, hampering the overall market growth . Impact of COVID - 19 on China Air Purifier Marke t The China air purifier market was initially halted by the sudden outbreak of the COVID - 19 pandemic. As the virus was suspected to have first emerged in Chin a, the country was put under a strict lockdown to control the burden on the healthcare system and prevent further spread. As a result of the outbreak, production and distribution of air purifiers were completely stopped, hindering the market's growth. Howe ver, several reports have shown that air purifiers can control airborne COVID - 19 particles and prevent the virus's spread, which is expected to fuel air purifier sales in the forecast period . China Air Purifier Market - By Technolog y Based on technologies, the China air purifier market is segmented into HEPA technology (high - efficiency particulate air), activated carbon technology, UV technology, negative ion, and others. The HEPA technology (high - efficiency particulate air) segment accounted for the larges t market share. One of the major driving factors for HEPA air purifiers is their higher effectiveness in reducing airborne COVID - 19 particles from the environment. Therefore, they are prominently being used in healthcare facilities, such as hospitals and c linics, which is fueling the market growth . China Air Purifier Market - By Produc t Based on products, the China air purifier market is segmented into portable air purifiers, whole - house air purifiers & cleaners, electrostatic precipitators, smart air purif iers, and others. The portable air purifiers segment holds the largest share in the market. Portable air purifiers offer benefits including the convenience of handling them anywhere in the room. Because they reduce the likelihood of health issues caused by indoor air pollutants, portable air purifiers enjoy a higher percentage of market share and are likely to maintain their supremacy even during the forecast period . China Air Purifier Market Gaining Ground: Forecast to Grow at a CAGR of 11.0% by 2027 China Air Purifier Market - By Coverag e Based on coverages, the China air purifier market i s segmented into 24 Sq. Ft., 324 - 538 Sq. Ft., 539 - 753 Sq. Ft., and �753 sq. Ft. Among these, the 24 Sq. Ft. segment accounted for the largest share in the market in 2020 as this range of coverage is considered suitable for rooms up to 300 sq. ft. There fore, this coverage is in huge demand in the residential segment, mainly among families of lower and middle - income groups. However, �753 sq. ft. segment also covers a substantial share in the market because of its prominent use in commercial facilities suc h as hospitals . China Air Purifier Market - Competitive Landscap e The leading players in the China air purifier market are Xiaomi Inc., Dyson Pure Cool, Shenzhen Guanglei Electronic Co., Highend Home Appliance Co., Honeywell Corporation, LG Electronics Co. Ltd., ADA Electrotech Co., Ltd., Panasonic Ecology Systems Co., Ltd, Beijing Yadu Environmental Protection Technology Co., Philips Domestic Appliances and Personal Care Company Ltd., and other prominent players . The market is highly fragmented due to the presence of several industry participants. However, leading players such as Xiaomi, Phillips, etc., dominate the market. The market players launch a wide range of products to increase their product penetration and rely heavily on marketing strategies and o nline sales channels. They also introduce smart features, such as artificial intelligence (AI) and the internet of things (IoT), to gain a competitive edge. Furthermore, the adoption of competitive strategies, such as partnerships, mergers, acquisitions, j oint ventures, etc., is also prominent in this market . Recent Development :  In October 2021, Xiaomi announced the launch of the Mijia Air Purifier 4 Pro in September 2021. A month later, the company launched its mini version Mijia Air Purifier 4 Lite at 699 yuan (USD 108). This air purifier can deliver 6330 liters of fresh air per minute at a fast rate. This product is also 99.99% antibacterial and can effectively detect and eliminate inactivated bacteria . China Air Purifier Market Gaining Ground: Forecast to Grow at a CAGR of 11.0% by 2027 Scope of the Report : Attribute s Detail s Years Considere d Historical data – 2017 - 202 0 Base Year – 202 0 Forecast – 2021 – 202 7 Facts Covere d Revenue in USD Millio n Product Service/Segmentatio n By Technolog y , By Produc t , By Coverag e , By Distribution Channe l , By End - Use r Key Player s Xiaomi Inc., Dyson Pure Cool, Shenzhen Guanglei Electronic Co., Highend Home Appliance Co., Honeywell Corporation, LG Electronics Co. Ltd., ADA Electrotech Co., Ltd., Panasonic Ecology Systems Co., Ltd, Beijing Yadu Environmental Protection Technology Co., Philips Dome stic Appliances and Personal Care Company Ltd., and other prominent players . By Technolog y  HEPA Technology (High - Efficiency Particulate Air )  Activated Carbon Technolog y  UV Technolog y  Negative Io n  Other s By Produc t  Portable Air Purifier s  Whole - House Air Purifiers & Cleaner s China Air Purifier Market Gaining Ground: Forecast to Grow at a CAGR of 11.0% by 2027  Electrostatic Precipitator s  Smart air purifie r  Other s By Coverag e  24 Sq. Ft .  324 - 538 Sq. Ft .  539 - 753 Sq. Ft .  �753 Sq. Ft . By Distribution Channe l  Online Distributor s  Offline Distributor s 1. Specialty store s 2. Departmental store s 3. Direct to Consume r 4. Other s By End - Use r  Residentia l  Commercia l  Industria l China Air Purifier Market Gaining Ground: Forecast to Grow at a CAGR of 11.0% by 2027 About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informe d and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com China Air Purifier Market Gaining Ground: Forecast to Grow at a CAGR of 11.0% by 2027