Enjoy complimentary customisation on priority with our Enterprise License!
The China residential air purifier market size is estimated to grow at a CAGR of 5.4% between 2022 and 2027. The market size is forecast to increase by USD 271.92 million. The growth of the market depends on several factors such as product innovation in terms of cleaning technology, features (air quality monitor), and design stimulating higher selling prices (premiumization), the growing awareness regarding deteriorating air quality, and the rising focus on stringent guidelines by government/ health organizations
This residential air purifier market in China report extensively covers market segmentation by 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) and distribution channel (offline and online). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Product innovation in terms of cleaning technology, features (air quality monitor), and design stimulating higher selling prices (premiumization) is significantly driving the market growth. With the rising poor air quality, the demand for innovative and highly efficient cleaning technology is rising. Companies are responding by launching new air purifiers that enhance their clean air delivery rate (CADR). This is achieved using nanotechnology which also reduces noise and improves efficiency of energy usage.
An observed trend is that this results in higher premiums being charged and hence a new target customer has emerged for the same. Increased, multiple design options and the above-listed factors are all likely to increase the demand of the market during the forecast period.
The introduction of smart connected air purifiers is a key trend in the market. Vendors have the opportunity to introduce smart air purifiers as a result of the rising demand for advanced and innovative products in addition to the rising demand for air purifiers. The various smart air purifiers on the market are user-friendly, feature a variety of technologies, and have been improved in appearance, making it simple for users to operate them.
To address the developing interest in shrewd air purifiers, numerous sellers have begun offering brilliant air purifiers on the lookout. For instance, Honeywell sells the Wi-Fi-enabled Air Touch X3 Office Air Purifier. An application also lets users control the device and keep an eye on the air quality. During the forecast period, it is anticipated that the introduction of smart air purifiers will drive the residential air purifier market in China.
The high maintenance cost of air purification filters used in air purifiers is challenging market growth. Despite the fact that residential air purifiers are in high demand, their upkeep presents a challenge. The air filters, which aid in the removal of airborne pollutants, make up the majority of the air purifier. However air purifiers have benefits, these air purifiers need customary upkeep each four to a half year. The replacement cost of the HEPA filters is high; Consequently, these air filters are expensive to replace for customers. Most of the time, high-quality air purifiers are expensive and use filters of high quality.
These filters have a longer lifespan, but they still cost a lot to maintain. In order to reduce the cost of replacement, vendors need to come up with better solutions. Because cost-effectiveness is still a challenge, they need to make air purifiers more accessible to consumers at a lower price. Customers who are aware of the benefits of air purification demand low-cost air purifiers that can contribute to better indoor air quality. The upkeep cost is one of the variables considered by buyers prior to buying air purifiers. As a result, the high cost of upkeep is a significant obstacle that may discourage a customer from purchasing RAP. As a result, it is anticipated to impede the focus market's expansion during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in China based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
China Residential Air Purifier Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co. - The company offers residential air purifiers such as 3M Pure Air Purifier KJ2025 SL Space Gray, and 3M Air Purifier KJEA3086 RD Dazzling Red.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The HEPA and ULPA air purifiers segment.is estimated to witness significant growth during the forecast period. HEPA filter works by forcing air and traps harmful particles such as pollen, pet dander, dust mites, and tobacco smoke. They are used in various industries, including automobiles, medical facilities, aircraft, and homes, and have a higher filtration efficiency of up to 99.97%. The air space between fibers of HEPA filters is typically much greater than 0.3 Mu m and is designed such as to target much smaller particles and pollutants that are trapped through three mechanisms - interception, impaction, and diffusion.
Get a glance at the market contribution of various segments View the PDF Sample
The HEPA and ULPA air purifiers segment was the largest segment and was valued at USD 332.41 million in 2017. Most residential air purifiers have HEPA filters. These are little and compact units. A consumer needs to know how much air a purifier can clean and how big the room is before making a purchase. Most of the time, customers prefer to install air purifiers in the rooms where they spend the most time; the room is viewed as the most favored space for an air purifier unit. The majority of specialty stores, including home improvement stores and department stores, sell air purifiers with HEPA filters. Such factors will increase the market growth during the forecast period.
The residential air purifier market in China report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Residential Air Purifier Market In China Scope |
|
|
Report Coverage |
Details |
|
Page number |
145 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5.4% |
|
Market growth 2023-2027 |
USD 271.92 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
4.93 |
|
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
|
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 NV, LG Electronics Inc., MIDEA Group, 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. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
