China Air Purifier Market Overview
China Air Purifier Market is the biggest market in the Asia Pacific region owing to the alarming rate of pollution in the country. On average, 1.4 billion people are exposed to air pollution and a fraction of these people fall victim to various types of diseases such as lung inflammation and other pulmonary diseases. In recent years, most global deaths from ambient air pollution occurred in East Asia and the Pacific. The factor would contribute to the expansion of the air purifier market during the forecast period. However, a coronavirus pandemic would slow down the market in terms of the supply of the product in the first few months. While on the other hand, the demand side would also fall victim to the slowdown due to the market being closed during the lockdown period. While on the other hand, the demand side would also fall victim to the slowdown due to the market being closed during the lockdown period. The market has seen a halt owing to the massive outbreak of COVID-19 which resulted in nationwide lockdowns to combat the spread of the virus and has led to a decline in the overall market growth.
According to 6Wresearch, the China Air Purifier Market size is projected to grow at a CAGR of 6.9% during 2020-2026. China worsening air quality over the last few years has increased the incidences of air-borne diseases in the country. Further, there has been an inclination toward household-based air purifiers by consumers, which has led to the growth of the residential air purifier market. Additionally, there has been an increase in demand for HPEA filtration technology as they remove air pollutants and smoke from indoors more efficiently than other types.
Market Analysis by Technology
In 2019, Type-III dominated the technology segment in terms of revenue and volume. Type-III is expected to have the highest growth in terms of revenue and volume owing to the multi-functionality of these types of air purifiers. In Addition, Type-III can effectively eradicate both dust particles and foul odor. Further, following the residential boom, commercial and industrial domains are expected to follow suit in the forecast period, owing to the increasing inclination of businesses to deploy air purifiers in their facilities for enhancing ‘the in-store customer experience.
Key Highlights of the Report
- China Air Purifier Market Overview
- China Air Purifier Market Outlook
- China Air Purifier Market Forecast
- China Air Purifier Market Size
- The China Air Purifier Market Trends
- China Air Purifier Industry Life Cycle
- Porter’s Five Force Analysis
- China Air Purifier Market Opportunity Assessment
- The China Air Purifier Market Share, By Company
- The China Air Purifier Market Share, By Regions
- China Air Purifier Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
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