China Air Purifier Market Gaining Ground: Forecast to Grow at a CAGR of 11% by 2027

Published | 02 December 2021

China air purifier market is growing at a high CAGR because of the deteriorating air quality and increasing prevalence of airborne diseases in the country. Additionally, the launch of a wide range of products by various air purifier brands at competitive prices is also favoring the growth of the market….

A recent study, conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the China air purifier market was worth USD 1,845.4 million in 2020. According to the study, the market is estimated to grow at a CAGR of 11%, earning revenue of around USD 3,910.5 million by the end of 2027.  Due to the growing prevalence of respiratory diseases and rising air pollution levels, the China air purifier market is flourishing at a high rate. Approximately 500,000 deaths in China are caused or have been related to particulate matter, according to a study. Thus, the demand for air purifiers is gaining traction in both commercial and residential areas. However, high installation and maintenance costs for air purifiers may act as a major restraining factor for the market growth.

Increasing Prevalence of Respiratory Diseases is Fueling the China Air Purifier Market

Public health is significantly impacted by air pollution in China. According to a study, around 8.6% of the country’s adult population, which is around 100 million people, suffers from chronic lung disease. Severe air pollution, smoking, and second-hand smoke are some of the major influencing factors for the increasing prevalence of respiratory disease in China. Additionally, the Health Effects Institute found that unhealthy levels of PM2.5 in China caused approximately 1.42 million premature deaths in 2019. These factors are contributing to the growth of the China air purifier market. Air purifiers control the fine dust in the environment, which helps prevent the symptoms of respiratory diseases, such as asthma, lung cancer, COPD, etc. With the increasing prevalence of respiratory disease in adults and children, the China air purifier market is estimated to flourish during the forecast period.

Increasing Penetration of Online Sales Platforms is Projected to Drive the China Air Purifier Market

Based on the distribution channels, the China air purifier market is segmented into online distribution channels and offline distribution channels. The offline distribution channel accounts for the largest share in the China air purifier market. The segment is further classified into specialty stores, departmental stores, direct to consumer, and others. Consumers are attracted to departmental stores due to the availability of a wide range of air purifier brands under one roof. However, the online distribution segment is projected to witness the highest CAGR during the forecast period due to the increasing penetration of smartphones and the growing popularity of online shopping applications, such as Alibaba.

Request For Free Sample Report @ https://www.blueweaveconsulting.com/report/china-air-purifier-market/report-sample

China Air Purifier Market - By End-User

Based on end-users, the China air purifier market is segmented into residential, industrial, and commercial segments. The residential segment accounts for the largest share in the market because of the high population and increasing levels of air pollution. The availability of low-cost air purifiers in the market, along with increasing disposable income, is anticipated to fuel the demand for air purifiers in the residential segment. On the other hand, the commercial segment is expected to grow at the highest rate during the forecast period due to the increasing use of technology in commercial facilities such as offices, hotels, hospitals, shopping malls, etc.

Impact of COVID-19 on China Air Purifier Market

The China air purifier market witnessed tremendous growth opportunities after the COVID-19 pandemic outbreak. Nevertheless, the market’s growth was initially halted by lockdown restrictions, which halted the production operations and hindered the supply chains. However, the effectiveness of air purifiers in controlling the COVID-19 virus boomed its market demand. To meet the growing demand, air purifier brands quickly switched to online sales channels. Since the companies are making substantial investments toward expanding their production capacities, the market is predicted to grow significantly in the post-COVID-19 era.

China Air Purifier Market - Competitive Landscape

The leading players in the China air purifier market are Xiaomi Inc., Dyson Pure Cool, Shenzhen Guanglei Electronic Co., Highend Home Appliance Co., Honeywell Corporation, LG Electronics Co. Ltd., ADA Electrotech Co., Ltd., Panasonic Ecology Systems Co., Ltd, Beijing Yadu Environmental Protection Technology Co., Philips Domestic Appliances and Personal Care Company Ltd., and other prominent players.

The market is highly fragmented due to the presence of several industry participants. However, leading players such as Xiaomi, Phillips, etc., dominate the air purifier market in China. The companies launch a wide range of products to increase their product penetration and rely heavily on marketing strategies and online sales channels. They are also introducing smart features, such as artificial intelligence (AI) and the internet of things (IoT) to gain a competitive edge. Furthermore, the market participants also rely on competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., to gain the upper hand over their competitors.

Don’t miss the business opportunity of the China air purifier market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the China air purifier market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the China air purifier market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt. Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com