- The key vendors in the residential air purifiers market in China 2015-2019 are Beijing Yadu Environmental Protection Technology Co. Ltd., Blueair Inc., Panasonic Ecology Systems Ltd., Philips, and Sharp Electronics Corp.
London, 8 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the residential air purifiers market in China 2015-2019. A key trend in this market is the increasing demand for energy-efficient air purifiers. Nowadays, consumers are becoming increasingly concerned about the electrical consumption of these air purifiers. Thus, it has led to the development of energy-efficient and cost-effective air purifiers that reduce electric consumption by increasing their efficiency. This market is expected to grow at a CAGR of 10.24% during the forecast period of 2014-2019.
Market growth is facilitated by the increasing incidence of people suffering from asthma and allergies, which are caused as a result of rapid urbanization and industrialization. Recent government initiatives and the green-building movement have fueled the demand for air purifiers in homes across China. Additionally, the development of high-efficiency particulate arrestance (HEPA) air filters that claim to eliminate most airborne particles also drive market growth in this region.
“Numerous technologies are used by vendors of air purifiers, including HEPA, anion, static electricity, filtration, and absorption. To further improve product performance, save costs, and reduce energy consumption, vendors are trying to launch purifiers with advanced technologies,” says Faisal Ghaus, Vice President of Technavio Research.
“Vendors are also developing advanced materials to improve the efficiency of air purifiers. There is huge scope for innovation in terms of increasing product life cycle, improved recyclability, and integration of multiple technologies.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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