January 25, 2021
According to the research report titled ‘India Air Purifier Market Analysis, 2020‘, available with Market Study Report, India air purifier market is expected to record a compound annual growth rate of 26% during 2021-2026.
Increasing air pollution, leading to reduced lung capacity and increased risk of pneumonia and respiratory infections, is primarily contributing to the growth of India air purifier market. Rising disposable, increasing incidences of asthma, and surging urban population are further driving the market growth.
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Moreover, improved cognizance about ill-effects of air pollution, along with high demand for health & wellness products, as well as growing adoption of residential air purification tower in the cities are positively impacting India air purifier industry outlook. Also, increasing prevalence of Covid-19 is fueling the demand for air purifiers, hence accelerating the industry expansion.
Based on end user scope, hotel segment of India air purifier market is currently witnessing rapid expansion owing to extensive deployment of air purifier in the super-luxury hotels, and increasing interest of consumers towards the rooms which have filtration and purification systems due to growing health concerns.
On the other hand, education institute segment is predicted to record substantial gains in the coming years, on account of increasing government initiatives for installation of air purifiers in schools, along with rising collaborations among leading companies and schools to provide air purifiers at good deal. Further, introduction of on-the-go air purifiers for school buses is fueling the segmental growth.
Major players influencing India air purifier market trends are Crusaders Technologies India Pvt. Ltd., Eureka Forbes Ltd., Honeywell Turbo Technologies India Pvt. Ltd., Philips India Ltd., Daikin Airconditioning India Pvt. Ltd., Blueair India Pvt. Ltd., Kent RO Systems Ltd., Panasonic India Pvt. Ltd., and Sharp Business Systems (India) Pvt. Ltd.