China Air Purifiers Market Set to Grow at 34% CAGR Till 2018
Increasing air pollution, rising concerns on air quality along with increasing government support to drive sales of air purifiers in China.
China is known as the world’s engine for manufacturing where almost every kind of product starting from heavy engineering to a small needle is manufactured. With these capabilities Chinese economy has certainly flourished over the years but has also resulted in some long term negative effects. One such effect has been increasing air pollution which has increased the number of patients suffering from air borne diseases, these developments has raised alarms among Chinese authorities which has started spreading awareness about harmful effects of air pollution and how to control it. One of the best known solutions for air pollution control is the emergence of air purifiers in Chinese households. The increasing transportation and industrialization activities are resulting in degradation of air quality. The increasing air pollution and the need to combat its ill effects are significantly contributing to the demand for air purifiers in China. Leading players in China air purifiers market are Panasonic, Philips, Beijing Yadu, Sharp, Honeywell, Austin Air, IQ Air, Blue Air, Airgle, etc.
According to recently published report by TechSci Research ‘China Air Purifier Market Forecast and Opportunities ’, the air purifiers market in China is expected to grow at the CAGR of around 34% during 2013-18. Chinese market is dominated by HEPA technology followed by Activated Carbon, Ozone based and Electrostatic Precipitators technologies. The Northern and Eastern regions of China are the largest contributors of environmental pollution. Beijing, and Shanghai are the country’s most populous cities accounting for excessive pollution. These metropolitan cities of China are covered with thick smog, which makes the environment extremely unhealthy.
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“Countries like United States, Japan and Korea are the most penetrated nations with regard to air purifiers, where United States has the highest air purifier’s penetration level when compared with China’s penetration level in 2012. Increasing consumer awareness and rising air borne diseases is forcing Chinese households to own an air purifier for health living. This trend is shaping up exactly like the way water purifiers entered the market during their initial days. We believe the with the increasing consumer awareness market will witness a strong demand for air purifiers in China” said Mr. Karan Chechi, Research Director with TechSci Research a research based global management consulting firm.
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“China Air Purifier Market Forecast and Opportunities, 2018” has evaluated the future growth potential of China’s air purifiers market and provides statistics and information on market structure, consumer behavior trends. The report includes air purifier’s projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in air purifiers market in China.
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