According to BlueWeave Consulting, India’s air purifier market is estimated to reach USD 74.8 million by 2020 and is further projected to reach USD 463.2 million by 2027, growing at a CAGR of 29.7% during 2021-2027 (forecast period). Air purifiers are defined as the devices that have been devised to limit the health risks associated with breathing contaminated air. The growing air pollution levels and rising disposable income, along with the growing health concerns regarding the harmful effects of air pollution on human health are expected to boost market growth over the forecast period. Air is the most vital element of human life and thus clean air is of the utmost importance to avoid various health problems. Additionally, the demand for air purifiers in the middle- and high-income cities in India is growing rapidly.
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Global warming fueling the growth of Evaporate air purifiers and is expected to drive the growth of Air purifier market
The air purifiers are believed to an extremely environmentally friendly device with an energy-efficient cooling method as it only requires water as the working fluid. Evaporate air purifiers provide superior indoor air quality and help in declining carbon monoxides, CFC, and other greenhouse gas emissions. The rising global warming and the need for its solution to declining their level are shifting the interest of the manufactures towards large-scale production of evaporating air purifiers. Hence, the use of air purifiers will likely benefit the systems and in declining global warming in a forecasted timeframe, which will further cause a high growth of these devices in the air purifiers market.
High Requirement for air purifiers during semiconductors manufacturing
Semiconductors are crystalline and glassy solids which are defined by their unique conductive behavior between metal and insulator. Their electrical properties can be modified to allow amplification and energy conversion. Devices that use semiconductors pass currents more easily in one direction than the other with variable resistance and sensitivity to light or heat. The Pristine working conditions are must require for semiconductor manufacturing and hence it requires Cleanroom for the process. The environmentally controlled environment where semiconductor products are manufactured uses a high number of air purifiers. The main purpose of using air purification in semiconductor manufacturing is to manage contamination.
HEPA Technology occupies the largest share of the Air purifier market
HEPA segment is estimated to grow significantly during the forecast period owing to the rising population due to growing industrial development and rapid urbanization. The industrial Air purifier market is primarily influenced by petrochemicals, oil and gas, power generation, refineries, mining, construction, food and beverage, steel manufacturing, electronics, and pharmaceuticals processing industries that contaminate the Air. These filters are a type of special extended surface mechanical filter that can majorly be manufactured using submicron glass fibers. The large surface area of HEPA filters also helps remove around 99.7% of the particles having a size greater than or equal to 0.3 microns. It also offers high efficiency in filtering both small and large particles
India Air purifier Market: Regional insights
Northern region catering largest share and expected to witness significant growth in the Air purifier market during the forecast period. This is achieved by various organic and inorganic strategies. Suppliers operating in the industry are continuously working on new development, technical expertise, and in-house capabilities. High opportunity makes the Air purifier market more competitive and suppliers are trying hard to capture the clients. The market is highly acceptable to innovative products, however, considering the risks involved in business continuity implementers are still considering brand over new offerings in the market. The Eastern region is the fastest-growing region for the Air purifier market in India due to the increasing public concerned about various harmful Air diseases like jaundice, diarrhea, and cholera.
India Air purifier Product Market: Competitive Landscape
The leading players in the India Air purifier product market include, are Philips India Ltd., Honeywell Automation India Ltd., Sharp Business Systems (India) Private Limited, Eureka Forbes Ltd., Panasonic India Pvt. Ltd., Blueair India Pvt. Ltd., Daikin Airconditioning India Pvt. Ltd., Kent RO Systems Ltd., Mankastu Impex Private Limited, Crusaders Technologies India Pvt and other prominent players, and others, are expanding their presence in the market by implementing various business strategies. Major players are engaged in mergers and acquisitions, expansion of their manufacturing facilities, infrastructural growth, investment in R&D facilities, and the quest for opportunities to expand vertically through the value chain.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Air purifier market size & forecast. The report promises to provide recent technology trends of India Air purifier market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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