China's air purifier market is expected to grow at a CAGR of 6.9%

Posted On: 20-07-2020

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As the incidence of airborne diseases continues to rise, industrial and automotive greenhouse gas emissions continue to rise, and people’s awareness of the impact of air pollution on respiratory function is increasing, China’s air purifier market is expected to grow substantially.

The construction sector is one of the most dynamic sectors in China. This is evident from the increase in the number of large-scale projects in the commercial, transportation, energy, and urban sectors. The dynamic nature of the construction industry also has its negative effects, as China ranks first among the countries with the highest carbon dioxide emissions. The presence of carbon dioxide in the atmosphere makes the particulate matter in the air denser, making it difficult to breathe in the surrounding air, thereby increasing China's demand for air purifiers.

Data from 6WResearch shows that between 2020 and 2026, China's air purifier market is expected to grow at a compound annual growth rate of 6.9%. With the acceleration of urbanization, people are becoming more aware of air pollution and its negative health effects, and more and more people choose to install air purifiers in their homes.

However, the outbreak of the new crown epidemic in 2020 has affected the sales of China's air purifier market in the first half of 2020. In 2019, the i-type air purifier technology accounted for about 32% of the revenue share of the Chinese air purifier market. Due to the better cost and efficiency of the i-type air purifier, it is expected that the Chinese air purifier market will increase in the future forecast period. There is a substantial increase.

Due to China's high degree of urbanization, large population, and small room size, low-purity air (CADR) air purifiers accounted for a relatively high proportion of the Chinese market in 2019. In recent years, smart air purifiers have also become popular in the Chinese market. This type of purifier allows users to track and control the air quality in their homes, and is equipped with an application to monitor and measure air particles in their homes, and send the data to them in real-time. user.

The report shows that from 2020 to 2026, the global air purifier market is expected to grow at a compound annual growth rate of 10.7%. In India, Brazil, Argentina, and other developing countries, the market is still in its early stages of development. On the other hand, air purifiers are already quite developed in countries such as China, Japan, and the United States.

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Media Courtesy : East Money