Tuesday, March 21, 2023

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

Home Consumer products and Retail In-depth Analysis of the COVID-19 impact on India Air Purifier Industry: Ken...

In-depth Analysis of the COVID-19 impact on India Air Purifier Industry: Ken Research

The global outbreak of Covid-19 virus has led to massive disruptions in all industries, especially with sectors including travel, hospitality and automakers bearing the brunt. The looming public health crisis has claimed over 300 thousands lives till date globally and apart from that, it continues to pose a threat on the lives, livelihoods and businesses across the world.

In India, the non-essential consumer goods industry including electronics, apparel, smart devices and kitchen appliances among others has also faced one of the hardest hits due to the corona virus pandemic. Consumers are cautiously spending on necessities such as food and groceries and deferring purchases of high-cost items such as electronics. This practice of discretionary spending is expected to be observed throughout the year with diminishing savings and employment uncertainty among consumers amidst this black swan event.

Covid-19 is not an airborne virus and the efficacy of air purifiers in stopping its spread has not yet been proven by health professionals. However, during the initial outbreak and prior to the imposition of the national lockdown and social distancing norms in the country, air purifier companies witnessed a slight rise in demand by consumers as a precautionary measure against the virus. Some air purifiers have anti-bacterial and anti-viral filters for viruses such as H1N1 and more which propelled the demand.

Effect in Q1, FY’2021: After the 21 day lockdown was imposed, the air purifier business was severely hampered. Retail and online sales came to a standstill due to disruption in supply chain, logistics and online channels being used only for delivery of essential items. The air quality index has also come down significantly due to the reduction in human and industrial activity. As per the Central Pollution Control Board, the Air Quality Index (AQI) in Delhi on April 27, 2020 was moderate while it belonged to the poor category for the same period in 2019 with an AQI of 256. With residential sales coming to a halt, air purifier companies are banking upon commercial end-users to create demand during the period.

India Air Purifier Market

Temporary & Long Term Shifts in the Business Practices: After the restrictions are eased, air purifier companies are expected to resort to the existing inventory in the short term with production and global trade being hampered. Recovery in the residential sector is anticipated to be slow due to discretionary consumer spending and low pollution levels. Air purifiers are still considered a luxury or lifestyle commodity rather than a necessity by the masses. Temporary shift in focus towards commercial and institutional end-users particularly hospitals, offices, government buildings is anticipated to aid rebound of the industry.

In the longer run, shift in business practices is expected in the form of rising focus on online sales through E-commerce platforms due to continued fear of contact among consumers as a spillover of the Covid-19 outbreak. With the economy currently thriving on digital mediums and larger number of consumers shifting towards online retail, air purifiers companies will leverage the opportunity and target the online sales channel to drive sales. This would be coupled with collaborations with hospitals and health professionals to boost sales amidst the rising health and safety concerns among consumers and awareness about indoor air pollution.

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

Key Topics Covered in the Report:-

Air Quality in India and Health Effects

Target Addressable Market of Air Purifiers in India

Trends and Growth Drivers in the Industry and Challenges Faced

Air Purifier Industry Market Size and Segmentations, FY’2014 – FY’2020

Ecosystem and Value Chain of Air Purifier Industry in India

Industry SWOT Analysis

Customer Decision Making Parameters

Cross Comparison between Major Players and Company Profiles & Product Portfolios

Success Case Studies in the Industry

Future Market Size and Segmentations, FY’2020-FY’2025F

Factors Affecting Future Growth (Covid-19 Impact)

Analysts’ Recommendations on Market Positioning and Future Target Hotspots

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

India’s Online Furniture And Home Décor Market Are Expected To Grow Exponentially Owing To The Expanding Customer Base And Increasing Government Initiatives To Promote...

Buy Now 1. The Online Furniture and Home Décor Market in India is expected to boom with the increasing demand in Tier 2 and Tier...

Global Athleisure Market is expected to record a positive CAGR of ~8% during the forecast period (2022-2028) and is expected to reach approximately US$...

Buy Now Global Athleisure Market by Distribution Channel The Global Athleisure market is segmented by Distribution Channel into Hypermarket/Supermarket, Specialty Stores, Online Sales Channel, Others. The...

Global Athleisure Market Size, Segments, Outlook, And Revenue Forecast 2022-2028 – Ken Research

Buy Now What is the Size of Global Athleisure Industry? Global Athleisure market is growing at a CAGR of ~% in 2017-2022 and is expected to...

Most Popular

Surge In The Construction Industry, Rapid Infrastructure Development, And Government Intervention Will Drive The India Construction Chemical Market In A Few Years – Ken...

Buy Now 1. The Chemical industry in India is growing at a CAGR of ~8% during FY’2015-FY’20, and is expected to grow more owing to...

Global Vertical Cavity Surface Emitting Lasers (VCSEL) Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 – Ken Research

Buy Now What is the Size of Global Vertical Cavity Surface Emitting Laser Industry? Global Vertical Cavity Surface Emitting Laser market is growing at a CAGR...

Malaysia’s Construction Chemical market is expected to contribute a revenue of USD 744 Mn in 2027F expanding at a CAGR of ~ 5% in...

Buy Now Strong Growth & Government Support: The global pandemic disrupted the global markets including the construction Industry but several initiatives have been taken by...

Since COVID, The Need To Upgrade Skills To Align With New-Age Technologies Has Increased, Creating A Demand For The Post-K-12 E-Learning Market In Egypt...

Buy Now 1. E-learning has become the best alternative to traditional education. The biggest real drawbacks of traditional education are the high costs borne by...