Over the past few decades, China has been emerging as the global manufacturing powerhouse with almost all the leading global companies establishing their production sites, warehouses, R&D centers in the country. Major factors responsible for this trend include abundance of raw materials and easy availability of skilled labor at cheaper rates in the country. However, the expansion of manufacturing activities and ongoing developments has taken a heavy toll on the country’s natural resources. The quality of air in China has depleted to a level that even scientists claim that natural processes like photosynthesis in plants have slowed down. The scenario, however, creates a lucrative market for air purifiers to enhance the overall quality of air in commercial, industrial as well as residential settings.
The demand for air purifiers in China has been on the rise for the past few years. Apart from industrial units and buildings, air purifier installations are becoming popular in shopping complexes, malls and even homes. With rising inclination towards severe health conditions like asthma and lung cancer, Chinese consumers are increasingly adopting air purifiers. Significant rise in per capita disposable income of Chinese consumers has also played a crucial role in driving air purifier sales. As a result, the demand for air purifiers from residential sector is expected to increase over the coming years in the country.
According to the recently published report by TechSci Research “China Air Purifiers Market Forecast & Opportunities, 2019”, the Chinese air purifiers market is projected to register revenue growth at a CAGR of around 33.55% during 2014-19. The report reveals that High Efficiency Particulate Air (HEPA) based air purifiers are expected to continue dominating the Chinese market over the coming years. Other technologies like Plasmacluster Ion technology, Nanoe G and Photo Catalysis are also expected to gain stronger foothold in the Chinese market.
“Chinese cities like Guangdong, Shanghai, Beijing, Nanjing, Tianjin, etc., are ranked among the most polluted cities across the globe. This indicates a huge growth opportunity for air purifier companies operating in the country to focus on these cities and offer customized air purifiers to explore the untapped market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a global management consulting firm. “Since China is the largest producer and consumer of cigarettes, the indoor air quality also puts consumers at high risk of contracting respiratory and other cardiovascular diseases.”, added Mr. Chechi.
“China Air Purifier Market Forecast & Opportunities, 2019” has evaluated the future growth potential of air purifier market in China and provides statistics and information on market structure, size, trends, etc. The report includes air purifier market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities prevailing in China Air Purifier Market.