India Air Purifier Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of India Air Purifier market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “India Air Purifier Market Analysis, 2020”, the India Air Purifier market is anticipated to grow at a CAGR of 26% during 2021-26F. The growth is attributed to rising levels of air pollution reducing lung functions and leading to an increase in the risk of getting pneumonia and respiratory infections among people. The increasing disposable income, rising incidences of asthma, and growing urban population will drive the growth of the market in the forthcoming years. Moreover, rising awareness regarding air pollution along with significant rise in the demand for health and wellness products, and escalating adoption of residential air purification tower in the cities such as Bengaluru are anticipated to propel the demand for air purifier in the near future. However, air pollution increases the risk for severe coronavirus symptoms and also can risk being fatal. The demand for air purifiers is growing at a rapid rate in the forecast period
Hotel Segment is Growing at a Rapid Pace
Based on End User, Hotel segment is growing at a rapid rate in the India Air Purifier market in 2020. The growth of the segment is attributed to extensive integration of air purifier in the super-luxury hotels and rising inclination of the people toward rooms which have filtration and purification systems due to growing health concerns and for minimizing threats of air pollution.
Moreover, Education Institute segment is also projected to acquire significant market share in the forthcoming years owing to rising government initiatives to install air purifiers in schools and surging collaborations among market players and schools to provide air purifiers at lower cost. Besides these, the launch of on-the-go air purifiers for school buses is anticipated to promote the growth of Air Purifier market in India in the coming years as stated in the MarkNtel Advisors’ research report “India Air Purifier Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the India Air Purifier market include Eureka Forbes Ltd., Philips India Ltd., Honeywell International Pvt Ltd., Kent RO Systems Ltd., Blueair India Pvt. Ltd., Panasonic India Pvt. Ltd., Crusaders Technologies India Pvt. Ltd., Sharp Business Systems (India) Private Limited, Daikin Air Conditioning India Pvt Ltd., etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on India Air Purifier Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of India Air Purifier Market during 2021-26?
A. The India Air Purifier Market is forecast to grow at a CAGR of 26% during 2021-26.
Q. Who are the key competitors or players operating in India Air Purifier Market?
A. Eureka Forbes Ltd., Philips India Ltd., Honeywell International Pvt Ltd., Kent RO Systems Ltd., Blueair India Pvt. Ltd., Panasonic India Pvt. Ltd., Crusaders Technologies India Pvt. Ltd., Sharp Business Systems (India) Private Limited, Daikin Air Conditioning India Pvt Ltd., etc., are few of the leading players in the India Air Purifier Market.
Q. Which end-user segment would emerge as an opportunity area for players in India Air Purifier Market?
A. Healthcare is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which leading city would emerge as an opportunity area for players in India Air Purifier Market?
A. Delhi & NCR continue to grow at a highest CAGR, presenting immense opportunities for market players of India Air Purifier Market.