The surging consumption of coal in the country is positively impacting the growth of air pollutants in the environment. In 2019, the China Electricity Council (CEC) proposed the 1300GW coal power capacity cap for 2030, which would lead to China building 2 coal power stations per month for the next 12 years. The initiative would surge the amount of air pollutants level in the country thereby boosting the demand for air purifiers in the years to come.
According to the MarkNtel Advisors’ research report, “China Air Purifier Market Analysis, 2020”, the air purifier market is projected to register a CAGR of around 23% during 2020-25. A considerable increase in disposable income is considered as one of the major drivers for the growth of China air purifiers market. Therefore, the demand for air purifiers witnessed robust growth in the residential sector in 2019. However, the market share for the commercial sector in the China air purifier market is expected to grow in the years to come due to the increasing occurrence of bacterial infections and other communicable infections. Therefore, several companies are installing air filtration systems in the building which is estimated to increase the demand for air purifiers in the country.
The major players with a substantial market share in the China air purifier market include Philips, Panasonic, Beijing Yadu Environmental Protection, Sharp Electronics, Daiken Industries, Blue Air, etc.
According to MarkNtel Advisors, the companies are introducing new air purifiers range and boosting the sales by surging the workforce to differentiate themselves from their competitors. In 2014, Philips introduced smart purifiers in China which was supported by Alibaba’s powerful cloud services. In 2017, Panasonic launched two new air purifiers that are capable of capturing more than 98% of PM2.5 and can be controlled through a smartphone. Moreover, Panasonic planned in 2017 to increase its workforce by 20% to 30% by 2020 to boost product development.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of China Air Purifier Market during 2020-25?
A. The market size of China Air Purifier Market during 2020-25 is forecast to be around 23%.
Q. Which type of Air Purifier would grab the highest market share during 2020-25?
A. It is forecast that HEPA+Activated Carbon+other technology will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in China Air Purifier Market?
A. Philips, Panasonic, Beijing Yadu Environmental Protection, Sharp Electronics, Daiken Industries, Blue Air are few of the leading players in the China Air Purifier Market.
Q. Does the report scope cover region wise market statistics also?
A. Yes, the scope of the report encompass detailed region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which end user segment would emerge as an opportunity area for players in Chinese Air Purifier Market?
A. Residential segments will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Air Purifier in Chinese market.
