India Air Purifier Market
Navi Mumbai, India: Market Report on India present the latest report on “India Air Purifier Market”, India air purifier market is mainly an import driven market with both domestic and international players importing their products in the country.
This report gives an in-depth analysis of Air Purifiers in India. Air purifiers have the ability to trap hazardous pollutants including Volatile Organic Compounds , Particulate Matter, Ozone, Carbon dioxide, Chlorofluorocarbons and unburned Hydrocarbon, which can cause several respiratory diseases such as asthma, Chronic Obstructive Pulmonary Disease and infections such as influenza, pneumonia, tuberculosis and lung cancer. Rapid urbanization, burning of fossil fuels and increasing industrialization have intensified air pollution, which are stimulating the demand for air purifiers in India. In addition, rising income with changing lifestyle and declining prices of air purifiers have further fueled the growth of the market.India air purifier market is mainly an import driven market with both domestic and international players importing their products in the country. In 2016, northern region has dominated the air purifier market due to high pollution levels in Delhi-NCR region, followed by western region and southern region. During the forecast period, Southern region would capture second position on account of increasing pollution levels in Bangalore, Chennai and Hyderabad.
The air purifier market in India is estimated to be about INR 272 crore in 2016. 10 cities in India have topped itself as the most polluted cities in the world. Topping the chart is Delhi, Bangalore and Mumbai, where the air is not worth inhaling and it is an invitation to various health issues. In India only Coimbatore has come out as an exception where fresh air can be inhaled with freedom. In cities like Delhi, Mumbai, Bangalore and other similar major cities, air purifier is actually a must if you want to get rid of the unhealthy environment. The increasing use of air purifiers in the residential segment and the awareness about the increasing pollution among the people is leading to the increasing market of air purifiers in India.
According to “India Air Purifier Market Outlook, 2021”, the market for air purifier market in India grew with a CAGR of 27.72% in the last six years. The air filters used in the purifiers are one of the most important components of the product. HEPA filters dominate the air purifier market in terms of technology. The upcoming new technologies are major growth drivers in the air purifiers market. Research and innovation of technology has a great effect on the demand of air purifiers in the market. Cost effective technologies which aims to reduce the cost of the product are making it possible for the larger part of the society to afford the product. It is eventually aiding the air purifier market to get the requisite importance. Innovative technologies including Plasma cluster ion and Nano G filters are attached in the air conditioners which circulates the purified air. There are several companies competing in the air purifiers market in India even though the market is still in the nascent stages. Eureka Forbes holds the maximum market share in terms of revenue generated in the air purifier market in India which is closely followed by Panasonic and Sharp. Apart from these major companies, there are several other companies competing in the market such as, LG, Philips and Kent which constitutes minimally to the market share in the air purifier market in India.
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