China Air Purifiers Market Set to Grow at CAGR 18% till 2021
Rising urbanization, increasing consumer spending on
lifestyle products and deteriorating air quality to drive sales of air
purifiers in China
According to TechSci Research report, “China Air Purifiers Market By Filter Type, By End User
Sector, Competition Forecast and Opportunities, 2011-2021”, air purifiers
market in China is projected to grow at a CAGR of around 18% during 2016 - 2021, due to growing consumer awareness about air purifiers, increasing industrialization,
rising consumption of coal for power generation and growing vehicular emissions.
In 2015, PM 2.5 and PM 10 levels in Beijing were even
recorded at 93 and 25, respectively, which was much more than the global
standard. Moreover,
in 2015, total vehicle sales in China stood at over 24 million vehicles and
these figures are forecast to grow further in the coming years. Increasing
vehicular emissions and particulate matter, coupled with growing awareness
about harmful effects of air pollution is projected to boost demand for air
purifiers in China over the next five years.
Available Updated Report on China Air Purifiers Market 2013- 2023 : https://www.techsciresearch.com/report/china-air-purifiers-market/1252.html
Due to abundant
availability of cheap labor and raw materials, prices of Chinese branded air
purifiers are lower when compared with air purifiers manufactured outside of
China. Though China has abundant local manufacturing of air purifier but the
country is still importing air purifiers, on account of growing demand for high
quality branded air purifiers from residential as well as industrial consumers.
Philips, Panasonic, BlueAir, Daikin, Beijing Yadu, etc., are few of the leading
players operating in China air purifiers market. In 2015, HEPA and activated carbon
based air purifiers dominated the country’s air purifiers market, on account of
their high efficiency in removing particulate matter and odor, coupled with
surging demand for these purifiers due to increasing government expenditure on
public infrastructure such as construction of hospitals, railway stations,
airports, public amenities, government guest houses, metros, etc.
“Most
of the air purifiers sold in China are based on multi filtration technologies such as HEPA & Activated Carbon;
and HEPA, Activated
Carbon and Ion & Ozone Generator. An increasing number of air purifier manufacturers are focusing on integrating
combination filter technologies in their air purifier products. Demand for air
purifiers with other advanced combination technologies such as Plasma Cluster
and HEPA, Nanoe-G with HEPA, and Electrostatic with HEPA filter is also growing
significantly in China, and this trend is expected to gain market traction in the
coming years.”, said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“China Air Purifiers Market By
Filter Type, By End User Sector, Competition Forecast and Opportunities,
2011-2021” has evaluated the future growth potential of air
purifiers market in China and provides statistics and information on market
structure, size, share and future growth in China air purifiers market. The
report is intended to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities in China air purifiers market.
Available Updated Report on China Air Purifiers Market 2013- 2023 : https://www.techsciresearch.com/report/china-air-purifiers-market/1252.html
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients
with more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
in research based consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime Analysts
and Consultants employing innovative research solutions and tracking global and
country specific high growth markets helps TechSci clients to lead rather than
follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]