Research Nester has released a report titled “India Air Purifier Market – Regional Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the India air purifier market in terms of market segmentation by type, by technology, by CADR and by end user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The Centre for Science and Environment (CSE), stated that due to the high level of pollutants that are present in Delhi’s (India) air, every third child born in the city have impaired lungs. Further, the report also stated that life expectancy in India grew down by 2.6 years owing to outdoor and household air pollution together.
The India air purifier market is anticipated to record a significant CAGR during the forecast period, i.e. 2019-2027. Rise in the air pollution levels, growing awareness amongst consumers for diseases linked to air pollution added with the reducing life expectancy of people. In the report by World Health Organization (WHO), in the year 2016, around 7 million deaths occurred due to air pollution, out of which, 600, 000 were children under 5 years old. The Centre for Science and Environment (CSE), in one of their report stated that, almost 30% of premature deaths, cancer and mental diseases in India is due to the air pollution. The market is also anticipated to grow significantly in Northern region of India owing to greater pollution levels in the area.
The India air purifier market is segmented by end user into residential, commercial and others, out of which, the residential segment is estimated to hold the highest market share on account of growing concerns for children who are susceptible to air borne diseases, as these diseases can affect the children who may generally have a weak immune system.
Rising Air Pollution Levels
The World Air Quality Index project (AQI), recorded the air pollution levels in Delhi, India to 999 AQI on 3rd of November, 2019, at around 2pm. Moreover, The Air Quality Life Index (AQLI) of the Energy Policy Institute at the University Of Chicago (EPIC), in one of their statistical report stated that weighted pollution peaked 113.9 units from 72.88 units in-between 2012-16.
There is a rising concern amongst individuals in the nation for the increasing pollution levels of the country, which is generated by various sources, few being road transport dusts, agricultural methods practiced (jhum cultivation), and industrial pollutants amongst others. Owing to such factors, people are concerned with the raising health concerns associated with the air pollution levels, which is anticipated to contribute significantly towards the growth of the India air purifier market.
Additionally, rising gross national income of the nation, which is anticipated to raise the purchasing power of the individuals, is estimated to contribute significantly towards the growth of the India air purifier market through0ut the forecast period.
However, concerns for end-product price owing to high material cost of production, restricts the low-income population from availing the product, which is expected to operate as key restraints to the growth of the India air purifier market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the India air purifier market, which includes company profiling of Eureka Forbes, Koninklijke Philips N.V. (AMS: PHIA), Honeywell (NYSE: HON), Kent RO Systems Ltd., Blueair, Panasonic India, Crusaders, Sharp Business System India Pvt. Ltd., Daikin Airconditioning India Pvt. Ltd., and Dyson Technology India Pvt. Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the India air purifier market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.