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.
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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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