NEW YORK, Oct. 9, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape - The Residential Air Purifier Market in China size is estimated to grow by USD 312.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.86% during the forecast period. Product innovation in terms of cleaning technology, features (air quality monitor), and design stimulating higher selling prices (premiumization) is driving market growth, with a trend towards introduction of smart connected air purifiers. However, maintenance cost of air purification filters used in air purifiers poses a challenge - Key market players include 3M Co., China Lesso Group Holdings Ltd., Coway Co. Ltd., Cubic Sensor and Instrument Co. Ltd., Dyson Group Co., Guangzhou Haike Electronics Technology Co. Ltd., IQAir AG, Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Oransi LLC, Panasonic Holdings Corp., Richform Holdings Ltd., Samsung Electronics Co. Ltd., Sharp Corp., Smart Air, Suzhou HJClEAN Tech Co. Ltd., Unilever PLC, Whirlpool Corp., and Xiaomi Communications Co. Ltd..
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Forecast period 2024-2028 Base Year 2023 Historic Data 2017 - 2021 Segment Covered Technology (HEPA and ULPA air purifiers, Ionizers and electrostatic precipitator air purifiers, Activated carbon air purifiers, Photocatalyst and UV air purifiers, and Ozone generator air purifiers), Distribution Channel (Offline and Online), and Geography (APAC) Region Covered China Key companies profiled 3M Co., China Lesso Group Holdings Ltd., Coway Co. Ltd., Cubic Sensor and Instrument Co. Ltd., Dyson Group Co., Guangzhou Haike Electronics Technology Co. Ltd., IQAir AG, Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Oransi LLC, Panasonic Holdings Corp., Richform Holdings Ltd., Samsung Electronics Co. Ltd., Sharp Corp., Smart Air, Suzhou HJClEAN Tech Co. Ltd., Unilever PLC, Whirlpool Corp., and Xiaomi Communications Co. Ltd.
Key Market Trends Fueling Growth
The residential air purifier market in China is experiencing significant growth due to increasing consumer awareness and demand for advanced air purification solutions. Vendors are capitalizing on this trend by introducing smart air purifiers, which offer user-friendly features and innovative technologies. These smart air purifiers come with Energy Star certification for energy efficiency, hassle-free maintenance, alert systems for fault detection, enhanced safety features, and remote control capabilities. The Wi-Fi-enabled Honeywell Air Touch X3 Office Air Purifier is an example of such a product, offering users the convenience of controlling the device and monitoring air quality through a mobile application. These features are expected to drive the growth of the residential air purifier market in China during the forecast period.
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Market Challenges
Residential air purifiers have gained popularity among Chinese consumers due to increasing air pollution concerns. However, the high maintenance cost, particularly for replacing air filters every four to six months, poses a significant challenge. HEPA filters, essential for effective filtration, can be expensive to replace. Premium air purifiers with longer-lasting filters are costlier, making affordability a concern. Vendors must address this issue to expand the market. Consumers seek cost-effective air purifiers that improve indoor air quality without excessive maintenance costs. The high replacement cost for air filters may deter potential buyers, potentially hindering the growth of the residential air purifier market in China .
. The Residential Air Purifier market in China faces several challenges. Indoor pollutants such as combustion sources like oil, gas, kerosene, coal, wood, tobacco, and asbestos-containing insulation, pressed wood products, and household cleaning products contribute to poor indoor air quality. Outdoor pollutants, including radon, pesticides, carbon monoxide, nitrogen dioxide, and pollutants like volatile organic compounds and harmful chemical vapors, also pose a threat. Public awareness of health issues like asthma, COPD, lung cancer, and the impact of greenhouse gases on air quality is growing. The market consists of portable/standalone air purifiers and ionizers. Big data analytics and IoT platforms are being used to improve air quality monitoring and control. Airborne microbes like Bacillus subtilis, Aspergillus Niger, Staphylococcus epidermidis, and Penicillium citrinum are common pollutants. Providing clean air is essential for maintaining good health.
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Segment Overview
This residential air purifier market in China report extensively covers market segmentation by
Technology
1.1 HEPA and ULPA air purifiers
1.2 Ionizers and electrostatic precipitator air purifiers
1.3 Activated carbon air purifiers
1.4 Photocatalyst and UV air purifiers
1.5 Ozone generator air purifiers
Distribution Channel
2.1 Offline
2.2 Online
Geography
3.1 APAC
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Research Analysis
Market Research Overview
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
Technology
HEPA And ULPA Air Purifiers
Ionizers And Electrostatic Precipitator Air Purifiers
Activated Carbon Air Purifiers
Photocatalyst And UV Air Purifiers
Ozone Generator Air Purifiers
Distribution Channel
Offline
Online
Geography
APAC
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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