Rising urbanization, increasing consumer spending on lifestyle products and deteriorating air quality to drive China air purifiers market through 2025
According to TechSci Research report, “China Air Purifiers Market By Filter Type (HEPA + Activated Carbon; HEPA + Activated Carbon + Ion & Ozone; True HEPA and Others), By End Use (Residential/Household Vs. Non-Residential/Commercial), By Distribution Channel (Direct/Institutional Sales; Offline Retail Sales and Online Retail Sales), Competition Forecast & Opportunities, 2015 – 2025”, China air purifiers market stood at USD 1489.84 Million in 2019 and is projected to grow at a CAGR of 5.12% to surpass USD 1767.81 Million by 2025. Level of air pollution is increasing at a robust pace in China, owing to rapid industrialization, transportation, growing car sales and increasing number of construction projects. Pollution contaminates the air and increases risk of various types of diseases. Moreover, growing concerns regarding indoor pollution, which is more dangerous than outdoor pollution, is further expected to drive China air purifiers market.
A large demand for air purifiers emanates from commercial sectors in China. The country has a very advanced bio-technology sector and application of air purifiers in commercial establishments such as laboratories, offices, factories, etc., is vital for the proper functioning of machineries and workers. Thus, growing demand from commercial sector on account of increasing number of hotels, flats, malls and buildings, etc., is expected to positively influence the country’s air purifier market during the forecast period.
Browse 25 market Figures spread through 90 Pages and an in-depth TOC on "China Air Purifiers Market"
Due to COVID-19 lockdown across China, consumers started to increasingly purchase products from online platforms as they wanted contactless supplies of their products due to the risk of serious illness from COVID-19 in people with chronic and respiratory diseases. Retail stores were also shutdown across the country due to lockdown. Consumers across the country are also opting to purchase air purifiers through online platforms due to availability of exclusive offers and heavy discounts on e-commerce platforms.
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“East China is anticipated to witness swift growth in China air purifiers market during forecast period. Cities like Juijiang, Huaibei, Huainan, etc., in Anhui province of China, which are among the most polluted cities across the country, are likely to witness swift growth in the air purifiers markets. East China is projected to witness growth at the CAGR of 5.61% during 2020-2025F owing to low product penetration and rising pollution levels in the country.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“China Air Purifiers Market By Filter Type (HEPA + Activated Carbon; HEPA + Activated Carbon + Ion & Ozone; True HEPA and Others), By End Use (Residential/Household Vs. Non-Residential/Commercial), By Distribution Channel (Direct/Institutional Sales; Offline Retail Sales and Online Retail Sales), Competition Forecast & Opportunities, 2015 – 2025 ” has evaluated the future growth potential of air purifiers in China 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 China air purifiers market.
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