Research Nester has released a report titled “India Air Purifier Market – Regional Demand Analysis & Opportunity Outlook 2027” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The World Air Quality Index project (AQI) displayed the air quality level to 999 AQI on the 3rd of November’19, at around 2 pm. Moreover, Centre for Science and Environment (CSE) stated in one of their reports that every third child in Delhi (India) alone have impaired lungs due to the high level of pollutants that are present in the air of the city. The report also added that life expectancy grew down by 2.6 years in India owing to outdoor and household air pollution together.
Additionally, The Air Quality Life Index (AQLI) of the Energy Policy Institute at the University Of Chicago (EPIC), stated in one of their statistics that, weighted pollution in Delhi alone reached 113.9 units in the year 2016 from 72.88 units in the year 2012.
The statistics portray the severely growing concerns for the rising air pollution levels and the associated health threats that it possesses. Owing to various sources of pollution, for instance, agricultural practices, such as jhum cultivation, industrial pollutants, and road transport dusts amongst others, all of these factors are contributing towards greater air pollution in India. Owing to such a factor, there is a rising demand amongst individuals for devices that can provide filtered and fresh air, emitting all the hazardous particles present in the air.
Additionally, with the rising gross national income of the nation, and anticipations for greater purchasing power of the individuals, coupled with rising awareness for health amongst people, all of these factors are anticipated to contribute significantly towards the growth of the India air purifier market.
The India air purifier market is anticipated to record robust CAGR over the forecast period, i.e. 2019-2027. The market is segmented by end user into residential, commercial and others. Among all these segments, residential segment is anticipated to hold largest market share on the back of rising concerns for air borne diseases that can affect the children, who may generally have a weak immune system and are likely to remain susceptible to such diseases.
However, the concern for restrictions in the purchase of the product by low-income populations owing to high end-product cost and greater maintenance cost is estimated to act as a barrier to the growth of the India air purifier market during the forecast period.
This report also studies existing competitive scenario of some of the key players of the India air purifier market, which includes profiling of Eureka Forbes, Koninklijke Philips N.V. (AMS: PHIA), Honeywell (NYSE: HON), Kent RO Systems Ltd., Blueair, Panasonic India, Crusaders, Sharp Business System India Pvt. Ltd., Daikin Airconditioning India Pvt. Ltd., and Dyson Technology India Pvt. Ltd.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “India Air Purifier Market – Regional Demand Analysis & Opportunity Outlook 2027”, analyses the overall India air purifier industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the India air purifier market in the near future.