Thursday, March 28, 2024

Email id: support@kenresearch.com, Contact Us : +91-9871552944

Home Consumer products and Retail Increasing Incidents of Respiratory Ailments in Metro Cities and Rising Levels of...

Increasing Incidents of Respiratory Ailments in Metro Cities and Rising Levels of PM2.5 Pollutants are Stimulating the Demand for Air Purifiers: Ken Research

Increasing Pollution and Health Consciousness: India was the fifth most polluted country and home to 21 out of world’s top 30 most polluted cities in 2019. The rising levels of hazardous pollutants such as PM2.5 in metro cities and increasing incidents of respiratory ailments such as Chronic Obstructive Pulmonary Disease, Asthma and more is leading to people investing in air purifiers. Consumers are increasingly becoming health consciousness and with higher disposable incomes, their propensity to spend on health-related gadgets has witnessed growth in the last few years.

North India Dominating Sales: Delhi-NCR is one of the most polluted regions in India. Most companies witness year-end spike in sales in this region due to worsening air quality around festival season of Diwali and stubble burning in neighboring states. The AQI in Delhi in December 2019 reached 404, which is hazardous for human health Besides Delhi-NCR, tier-2 cities with severe air quality such as Lucknow & Kanpur and Chandigarh are also contributing to rising sales. Air purifier sales continue to be skewed towards the end of the year from October to December.

Surge in Residential Demand: The residential consumers are the largest end-users of air purifier in the country. The rich & upper middle class household accounted for ~24% of the total number of households in India in 2019, which form the major target audience for the product. Factors such as price, functionality, recommendations, brand value & others guide the purchase decision of residential consumers.

Covid-19 Impact:  The Air Purifier industry in India is expected to face a momentary decline in sales in FY’2021 due to the imposed lockdown & halt in retail sales during the period and reduced pollution levels. The pandemic has also brought global trade to a standstill which would compel air purifier companies to resort to existing inventory in the absence of air purifiers being imported. However, the industry is expected to witness steady recovery in the following financial year owing to rising health & safety concerns and an anticipated spike in online sales as a spillover of the pandemic due to continued fear of physical contact among people.

Analysts at Ken Research in their latest publication “India Air Purifier Industry Outlook to FY’2025- Driven by Deteriorating Air Quality and Rising Disposable Incomes observed that the increasing disposable income and incidents of respiratory diseases in metro cities is driving the demand for air purifiers. Innovation in product design and features, comprehensive marketing strategies, wider distribution networks and increasing adopting in other major and tier-2 cities is expected to drive the demand in the industry in the future. The India Air Purifier industry in terms of revenue is expected to grow at a CAGR of ~20.2% during the period FY’2020 – FY’2025.

India Air Purifier Market

Key Segments Covered:-

By Technology

HEPA & Carbon

HEPA, Carbon & UV

HEPA, Carbon & Ionizers

Others

By Distribution Channel

Retail

Online

Direct

By Coverage Area Applicability

Upto 250 sq. ft.

251-500 sq. ft.

Above 500 sq. ft.

By Weight of Air Purifier

Less than 5 Kg

5-10 Kg

More than 10 Kg

By Region

North

West

South

East

By End-Users

Residential

Commercial

Institutional

Companies Covered:-

Philips India Limited

Honeywell India Private Limited

Sharp Business Systems (India) Private Limited

Blueair India Private Limited

Dyson Technology India Private Limited

Xiaomi Technology India Private Limited

Panasonic India Private Limited

Eureka Forbes Limited

Kent Air Purifiers Limited

Key Target Audience:-

Air purifier Companies

Component Manufacturing Companies

Consumer Appliance Companies

Air Purifier OEMs/Assemblers

Air Purifier Importers/Exporters

Modern Trade Chains

Consultancy Companies

Time Period Captured in the Report:

Historical Period: FY’2014 – FY’2020

Forecast Period: FY’2020 – FY’2025

For More Information on the research report, refer to below link:-

India Air Purifier Market

Related Reports:-

India Audio Accessories Market Outlook to 2023 – By Type (Headphones, Earphones, Bluetooth Speaker and 2.1 Speaker), By Sales Channel (Online and Offline), and By Region (North, South East and West)

Saudi Arabia LED Lighting Market Outlook to 2023- By Type of LEDs (Lamps and Luminaires), By Usage (Indoor and Outdoor), By Sector (Commercial, Residential, Industrial, Healthcare, Hospitality and others), By Region, By Sales (Project and Retail)

UAE LED Lighting Market Outlook to 2023- By LEDs Lamps (LED Reflectors, LED Tubes, Others); Luminaires (Downlights, Troffers, Outdoor Area Lights, Roadway Fixtures, Spot Lights and Other Luminaires), By Usage (Indoor and Outdoor), By End Users

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

RELATED ARTICLES

Navigating Challenges and Opportunities in the Golf Club Market (2024)

The golf club market, much like the game itself, requires precision and strategy. While the industry boasts a loyal fanbase and potential for growth,...

Toiletries Hygiene Market Size, Share, Trends and Growth

The humble washroom routine – a seemingly mundane task – is underpinned by a multi-billion dollar industry: the toiletries hygiene market. From the ubiquitous...

Nail Care Industry Size, Share, Trends, and Market Future

The nail care industry is a billion-dollar industry that goes beyond just a simple coat of polish. It's a world of pampering, self-expression, and...

Most Popular

From Humble Beginnings to a $52 Billion Boom: Unveil Opportunities in India’s Booming Interior Design Market

India's interior designing market is witnessing a remarkable transformation, driven by various factors. This blog delves into the market size, growth projections, key trends,...

Smartphone Industry Insights: Navigating Growth, Trends, and Opportunities

The smartphone industry is a juggernaut, weaving itself into the fabric of our daily lives. From communication to commerce and entertainment, these pocket-sized powerhouses...

Theme Park Boom: Market Size, Trends & Top Players Shaping the Thrilling Future

The theme park industry isn't just about roller coasters and cotton candy anymore. It's a multi-billion dollar global phenomenon, offering immersive experiences that cater...

The Analysis on Global Capital Market, Industry and Report

The world of finance can be a complex labyrinth, especially when terms like "global capital markets" and "investment banking" get thrown around. While they're...