India Air Purifier Market is Projected to Reach USD 463.2 Million by 2027, Growing at a CAGR of 29.7% During 2021-2027
India’s air purifier market is estimated to reach USD 74.8 million by 2020 and is further projected to reach USD 463.2 million by 2027, growing at a CAGR of 29.7% during 2021–2027 (forecast period) according to Blueweave consulting. Air purifiers are defined as the devices that have been devised to limit the health risks associated with breathing contaminated air. The growing air pollution levels and rising disposable income, along with the growing health concerns regarding the harmful effects of air pollution on human health are expected to boost market growth over the forecast period.
Global warming fueling the growth of Evaporate air purifiers and is expected to drive the growth of Air purifier market
The air purifiers are believed to an extremely environmentally friendly device with an energy-efficient cooling method as it only requires water as the working fluid. Evaporate air purifiers provide superior indoor air quality and help in declining carbon monoxides, CFC, and other greenhouse gas emissions.
HEPA Technology occupies the largest share of the Air purifier market
HEPA segment is estimated to grow significantly during the forecast period owing to the rising population due to growing industrial development and rapid urbanization. The industrial Air purifier market is primarily influenced by petrochemicals, oil and gas, power generation, refineries, mining, construction, food and beverage, steel manufacturing, electronics, and pharmaceuticals processing industries that contaminate the Air. These filters are a type of special extended surface mechanical filter that can majorly be manufactured using submicron glass fibers. The large surface area of HEPA filters also helps remove around 99.7% of the particles having a size greater than or equal to 0.3 microns. It also offers high efficiency in filtering both small and large particles.
India Air purifier Market: Regional insights
Northern region catering largest share and expected to witness significant growth in the Air purifier market during the forecast period. The Eastern region is the fastest-growing region for the Air purifier market in India due to the increasing public concerned about various harmful Air diseases like jaundice, diarrhea, and cholera.
India Air purifier Product Market: Competitive Landscape
The leading players in the Indian Air purifier product market include, are Philips India Ltd., Honeywell Automation India Ltd., Sharp Business Systems (India) Private Limited, Eureka Forbes Ltd., Panasonic India Pvt. Ltd., Blueair India Pvt. Ltd., Daikin Airconditioning India Pvt. Ltd., Kent RO Systems Ltd., Mankastu Impex Private Limited, Crusaders Technologies India Pvt and other prominent players, and others, are expanding their presence in the market by implementing various business strategies.