Residential Air Purifier Market in China 2017-2021
About Residential Air Purifier
Air purifiers, also known as air cleaners, are devices that absorb or decompose harmful air pollutants such as allergens, viruses, PM2.5 particles, odors, formaldehyde, and others. The market is segmented based on the technology that is used to purify the air. The technology segmentation includes HEPA and ULPA air purifiers, activated carbon air purifiers, photocatalyst and UV air purifiers, ionizers and electrostatic precipitator air purifiers, and ozone generator air purifiers.
Technavio’s analysts forecast the residential air purifier market in China to grow at a CAGR of 8.56% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the residential air purifier market in China for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Technavio's report, Residential Air Purifier Market in China 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Residential Air Purifier Market in China 2017-2021
Technavio recognizes the following companies as the key players in the residential air purifier market in China: Beijing Yadu Environmental Protection Technology, Koninklijke Philips, Panasonic, Sharp Electronics, and Unilever.
Other Prominent Vendors in the market are: Austin Air, Daikin Industries, Dyson, Guangzhou Haike Electronics Technology, Guardian Technologies, Haier, Honeywell International, IQAir, LG Electronics, LIFAair, Midea, and Xiaomi.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is smart, connected air purifiers. The increasing preference for smart air purifier is a trend in the residential air purifier market in China. These can be easily operated through smartphones and tablets. Many players are offering such smart air purifiers, which can be connected through a simple mobile application available on different operating systems such as Android and iOS. The smart air purifiers can be controlled through wireless technologies such as Wi-Fi and Bluetooth.”
According to the report, one driver in market is growing awareness of the impact of air pollution on health, deteriorating air quality, rapid urbanization in developing countries, and increasing vehicular emissions. China's air pollution has worsened over the last few years, due to which, adults as well as children have started developing health problems like frequent headaches, lung cancer, heart problems, strokes, and chronic and acute respiratory diseases such as asthma. Health issues caused due to air pollution might also be fatal. Controlling the quality of air in China is still a challenge for the authorities as well as citizens. China is a fast-developing country, and rapid increase in pollution (through vehicular emissions), urbanization, and industrialization have led to the deterioration of air quality. A disastrous air pollution known as the airpocalypse took place in 2013, which had badly affected the Chinese population and their health.
Further, the report states that one challenges in market is high maintenance cost of air purification filters used in air purifiers. Even though the demand for residential air purifiers is increasing among Chinese consumers, the high maintenance costs of these appliances might have a negative impact on their sales in the coming years. An air purifier's main part is its air filters, which help in the filtration of pollutants from the air. These air purifiers need regular maintenance every four to six months. The HEPA filters are expensive to replace; therefore, consumers need to bear a high replacement cost for these air filters. High-quality air purifiers are generally premium, in which high-quality and expensive air purification filters are used. The filters used in these have longer life but the maintenance cost is still high.
Beijing Yadu Environmental Protection Technology, Koninklijke Philips, Panasonic, Sharp Electronics, Unilever, Austin Air, Daikin Industries, Dyson, Guangzhou Haike Electronics Technology, Guardian Technologies, Haier, Honeywell International, IQAir, LG Electronics, LIFAair, Midea, and Xiaomi.
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