India Air purifier Market size- Industry Trends & Forecast Report 2027. - PDF document

India Air Purifier Market is Projected to Reach USD 463.2 Million by 2027, Growing at a CAGR of 29.7% During 2021-2027 India Air Purifier Market size- Industry Trends & Forecast Report 2027. Summary India Air purifier Market, By Technology (HEPA Technology, Activated Carbon technology, UV technology, Negative Ion, and others); By product type (Portable, Whole-house, Electrostatic precipitators, Smart air puffers, and others ); By End-use (Residential, Commercial and Industrial), By Region (Northern India, Southern India Eastern India, Western India); Trend Analysis, Competitive Market Share & Forecast, 2021-2027. According to BlueWeave Consulting, India's air purifier market is estimated to reach USD 74.8 million by 2020 and is further projected to reach USD 463.2 million by 2027, growing at a CAGR of 29.7% during 2021-2027 (forecast period). Air purifiers are defined as the devices that have been devised to limit the health risks associated with breathing contaminated air. The growing air pollution levels and rising disposable income, along with the growing health concerns regarding the harmful effects of air pollution on human health are expected to boost market growth over the forecast period. Air is the most vital element of human life and thus clean air is of the utmost importance to avoid various health problems. Additionally, the demand for air purifiers in the middle- and high-income cities in India is growing rapidly. View report Press release Sample report India Air Purifier Market is Projected to Reach USD 463.2 Million by 2027, Growing at a CAGR of 29.7% During 2021-2027 India Air Purifier Market size- Industry Trends & Forecast Report 2027. India's air purifier market has reached USD 74.8 million by 2020 and is further projected to reach USD 463.2 million by year 2027, growing at a CAGR of 29.7% during 2021-2027 (forecast period). The air purifier market is likely to grow in the forecast timeframe due to the growing concern regarding the environment. In addition, growing technological advancements, along with the rising incidences of respiratory diseases, surging disposable income and growing urban population are expected to boost the demand for air purifiers in the country during the forecast period. India Air purifier Market Overview: Air purifiers are characterized as the device used for air treatment includes the purification of air via various air purifiers. An air purifier is a device that removes contaminants from the air in a room. These devices are commonly marketed as being beneficial to allergy sufferers and asthmatics, and at reducing or eliminating second-hand tobacco smoke. Air purifiers are devices that have been devised to limit the health risks associated with breathing contaminated air. They may consist of simple respirators that provide protection against lower concentrations of particulate pollutants to more complex systems that can be fitted to HVAC or AHU systems to ensure that contaminants are filtered out before air is recalculated. Air purifier Market Forecast and Trends Growth Drivers Rise in air pollution level will boom the usage of air purifiers Air pollution is the emission of toxic elements into the atmosphere by natural or anthropogenic sources. These sources can be further differentiated into either mobile or stationary sources. Anthropogenic air pollution is often summarized as being mainly related to motorize street traffic (especially exhaust gases and tire abrasion). The World Health Organization (WHO) estimates 2.4 million fatalities due to air pollution every year. As intake of polluted air can have severe health effects such as asthma, or increased cardiovascular risks, most countries have strengthened laws to control the air quality and mainly focus on emissions from automobiles. In the year 2019, eroding air quality in the United States led to 10,000 deaths, thus the demand for air treatment facilities is booming in the market. Production of smart air purifiers is increasing The increasing preference of consumers towards electronic devices with smart connectivity since they reduce human effort will drive the demand for smart air purifiers. For instance, Blueair provides smart air purifiers that can be controlled by using smart devices. The settings on the app offer the desired time to be set for the purifier to switch on and off, monitor the air quality in a room, and connect it to the Blueair Friend app to monitor changes in air quality. Additionally, the benefits of smart air purifiers such as easy remote access and control of the functioning of an air purifier through mobile apps. Smart air purifiers also provide India Air Purifier Market is Projected to Reach USD 463.2 Million by 2027, Growing at a CAGR of 29.7% During 2021-2027 information related to the amount of dust and pollutants cleaned during the filtration process. Restraint High Set up cost and periodic maintenance The need for the replacement of filters periodically to attain maximum efficacy is the other major restraints hampering the market growth. Also, there is a requirement for a clean coverage area or an empty room to set up air treatment technologies. Hence, this may cost a high investment in building up the entire suitable room for the process. The separate empty room measures the clean air delivery rate to the high accuracy thus to attain the accurate standards various norms have been set up by the government also where an air treatment technologies can be set up such as closed doors, large pieces of furniture, vacuum cleaner, good humidifiers, and others. These requirements overcall may cost a high amount and can affect the demand for air purify technologies in the market due to the regular maintenance charge. Impact of COVID-19 in industry India's economy and humanity have been pushed into a crisis due to the COVID-19 pandemic. Due to the high infection rate and adverse impact on public health systems, various governments have enforced nationwide lockdowns significantly impacting manufacturing supply chains, trade, and related services. Players are currently considering digital solutions that would enable them to serve the community and provide new opportunities to do business. The production, manufacturing, supply chain, and other operations, have slowed down Ideally aimed to limit the spread of coronavirus, The Indian impact of the coronavirus disease 2019 (COVID-19) is likely only beginning and would significantly affect the Air purifier market in 2020. The outbreak of COVID-19 has brought with it travel bans and quarantines; massive slowing of the supply chain; uncertainty in the stock market; falling business confidence, and growing panic among the population. Despite the growing uncertainty and panic, technology suppliers must continue to focus on their long-term investments, maintain engagement with partners and prospects, and look to specific markets for stability. Air purifier Market: By Technology Based on the type, the Air purifier market is segmented into HEPA Technology (High-Efficiency Particulate Air), Activated Carbon Technology, UV Technology, Negative Ion, and Others. The HEPA technology is likely to dominate the market as it can remove around 99.7% of the particles. These filters are a type of special extended surface mechanical filter that is majorly manufactured using submicron glass fibers. The large surface area of HEPA filters also helps remove around 99.7% of the particles having a size greater than or equal to 0.3 microns. It offers high efficiency in filtering both small and large particles. India Air Purifier Market is Projected to Reach USD 463.2 Million by 2027, Growing at a CAGR of 29.7% During 2021-2027 Air Purifier market: Regional Insight The Northern Region of Air purifiers market accounted for the maximum market share in 2019 and it is projected to dominate the Indian market over the forecast period as well. The metropolitan cities such as Delhi, Hyderabad reports huge air pollution and thus demand will be more in these areas for air purifiers. The Eastern region is the fastest-growing region for the Air purifier market in India due to the increasing public concerned about various harmful Air diseases and breathing problems. Moreover, the residential and commercial industry growth backed by per capita income among people in the region will drive the demand for air purifiers over the future period. Recent Development · In July 2020, LG Electronics (LG) introduced a new air purifier called PuriCare owing to the demand in the market due to the ongoing pandemic. The product can offer much-needed relief from poor indoor air conditions and can remove harmful bacteria, pathogens, viruses, and others, including coronavirus. · In the year 2020, KEYTER launched AirSaint which comprises several effective technologies in a single system. The AirSaint has an efficiency purifying up to 99.995% air can reduce and eliminate bacteria, microorganisms, and viruses including SARS-CoV-2 present in the indoor environmental air. The product has also made verified without any negative effect on consumers and it does not use any substances that are harmful to health. Competitive landscape The Air purifier market is fragmented owing to the presence of several companies that provides varied Air purifier products. However, the companies that hold the majority share of the Air purifier market are Philips India Ltd., Honeywell Automation India Ltd., Sharp Business Systems (India) Private Limited, Eureka Forbes Ltd., Panasonic India Pvt. Ltd., Blueair India Pvt. Ltd., Daikin Airconditioning India Pvt. Ltd., Kent RO Systems Ltd., Mankastu Impex Private Limited, and Crusaders Technologies India Pvt. Ltd and other prominent players. In the Air purifier market, prominent market participants compete based on price and product quality. Small and medium-sized market players are expected to show considerable improvements in the foreseeable future, given the moderate level of capital expenditure needed to set up a business. The large-sized companies, however, are likely to aim for India expansion, in a bid to gain a more considerable brand reputation. India Air Purifier Market is Projected to Reach USD 463.2 Million by 2027, Growing at a CAGR of 29.7% During 2021-2027 Scope of the Report Attribute Details Years Considered Historical data – 2016-2019 Base Year – 2020 Forecast – 2021 – 2027 Facts Covered Revenue in USD Million Market Coverage North,south,east,west Product/Service Segmentation By Technology, By Product Type, By End Users and By Region Key Players Philips India Ltd., Honeywell Automation India Ltd., Sharp Business Systems (India) Private Limited, Eureka Forbes Ltd., Panasonic India Pvt. Ltd., Blueair India Pvt. Ltd., Daikin Air conditioning India Pvt. Ltd., Kent RO Systems Ltd., Mankastu Impex Private Limited, Crusaders Technologies India Pvt. Ltdand others Scope of the Report By Technology Ø HEPA Technology Ø Activated Carbon technology Ø UV technology Ø Negative ION Ø others By Product Type Ø Portable Ø Whole-house Ø Electrostatic precipitators Ø Smart air puffers Ø others India Air Purifier Market is Projected to Reach USD 463.2 Million by 2027, Growing at a CAGR of 29.7% During 2021-2027 By End use Ø Residential Ø Commercial Ø Industrial By Region Ø Northern India Ø Southern India Ø Eastern India Ø Western India India Air Purifier Market is Projected to Reach USD 463.2 Million by 2027, Growing at a CAGR of 29.7% During 2021-2027 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 informed 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 at info@blueweaveconsulting.com India Air Purifier Market is Projected to Reach USD 463.2 Million by 2027, Growing at a CAGR of 29.7% During 2021-2027