China Air Purifier Market Size, Share, and COVID-19 Impact Analysis, By Technology (High-efficiency Particulate Air (HEPA), Activated Carbon, Ionic Filters, Electrostatic Precipitator, and Others), By Application (Commercial, Residential, and Industrial), and China Air Purifier Market Insights, Industry Trend, Forecasts to 2033

Industry: Advanced Materials

RELEASE DATE Sep 2024
REPORT ID SI6379
PAGES 153
REPORT FORMAT PathSoft

China Air Purifier Market Insights Forecasts to 2033

  • The China Air Purifier Market Size was valued at USD 2.56 Billion in 2023.
  • The Market Size is Growing at a CAGR of 7.55% from 2023 to 2033
  • The China Air Purifier Market Size is Expected to Reach USD 5.30 Billion by 2033

 

China Air Purifier Market

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The China Air Purifier Market Size is Anticipated to Reach USD 5.30 Billion by 2033, Growing at a CAGR of 7.55% from 2023 to 2033

 

Market Overview

An air purifier is a device used to improve air quality and safeguard human health by eliminating airborne pollutants. Many particles, including dust, pollen, dander, smoke, mold, bacteria, viruses, chemicals, and gases, can be removed using air purifiers. In addition to helping reduce secondhand tobacco smoke, air purifiers can be helpful for those who suffer from allergies or asthma. They are also useful in removing odors from cooking, dogs, and smoking. While some air purifiers use UV light or ionic air purification, many use fabric filters. Growing levels of air pollution in big cities and the prevalence of respiratory and airborne illnesses like lung cancer, heart disease, stroke, and chronic obstructive pulmonary diseases are the primary factors driving the market growth. Several variables, including rising health consciousness, rising living standards, and rising disposable income among the general public, are anticipated to drive the air purifier market.     

 

Report Coverage

This research report categorizes the market for the China air purifier market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the China air purifier market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the China air purifier market.

 

China Air Purifier Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 2.56 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :7.55%
2033 Value Projection:USD 5.30 Billion
Historical Data for:2019-2022
No. of Pages:153
Tables, Charts & Figures:100
Segments covered:By Technology, By Application
Companies covered::Xiaomi Corporation, Sharp Business Co., Ltd, Daikin Investment Co., Ltd., LG Electronics Co. Ltd., Blueair Sales Co. Ltd., A.O. Smith Water Heater Co., Ltd., Beijing Yadu Environmental Protection Technology Co., Ltd., Philips Investment Co., Ltd., Honeywell Co. Ltd., and Others.
Pitfalls & Challenges:Covid-19 Empact, Challenges, Growth, Analysis.

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Driving Factors

Technological developments in consumer electronics and the growing popularity of air conditioners with inverters and air purification systems are predicted to create growth in the air purifier market. Chinese consumers are becoming more health-conscious as a result of their increasing awareness of the adverse effects that air pollution has on their health. The market is expanding as a result of consumers' growing attraction to these high-tech solutions due to their greater performance and ease. The market is expanding due to the growing need for air purifiers to reduce interior pollution from outdoor sources, which is mainly driven by vehicle emissions.     

 

Restraining Factors

The cost of high-end, sophisticated versions continues to be a significant obstacle for many customers despite the growing demand for air purifiers. Premium air purifiers with smart features, cutting-edge filtration technology, and energy-efficient designs can be prohibitively expensive, which is restricting the growth of the air purifier market.

 

Market Segmentation

The China air purifier market share is classified into technology and application.

  • The high-efficiency particulate air (HEPA) segment is expected to hold the largest market share through the forecast period.

The China air purifier market is segmented by technology into high-efficiency particulate air (HEPA), activated carbon, ionic filters, electrostatic precipitators, and others. Among these, the high-efficiency particulate air (HEPA) segment is expected to hold the largest market share through the forecast period. The high-efficiency particulate air (HEPA) is widely used to safeguard manufacturing and laboratory workers' respiratory health. The capacity of high-efficiency particulate air (HEPA) filters to collect extremely tiny particles, such as particulate matter which is common in contaminated areas, is well recognized.   

 

  • The commercial segment is expected to dominate the China air purifier market during the forecast period.       

Based on the application, the China Air Purifier Market is divided into commercial, residential, and industrial. Among these, the commercial segment is expected to dominate the China air purifier market during the forecast period. The use of air purifiers in commercial settings has increased dramatically, mostly due to increased awareness of the effects of indoor air quality on the health and well-being of occupants. The commercial sector, which includes workplaces, shops, and hospitality venues, is realizing how crucial it is to give staff members, clients, and guests access to clean and healthy air.  

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the China air purifier market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Xiaomi Corporation
  • Sharp Business Co., Ltd
  • Daikin Investment Co., Ltd.
  • LG Electronics Co. Ltd.
  • Blueair Sales Co. Ltd.
  • A.O. Smith Water Heater Co., Ltd.
  • Beijing Yadu Environmental Protection Technology Co., Ltd.
  • Philips Investment Co., Ltd.
  • Honeywell Co. Ltd.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In July 2024, The Xiaomi MIJIA All-Effect Air Purifier Ultra Enhanced Edition was launched in China. With a ton of features to guarantee the elimination of different air contaminants, this is MIJIA's newest smart home device.   

 

Market Segment

This study forecasts revenue at China, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the China air purifier market based on the below-mentioned segments:

 

China Air Purifier Market, By Technology

  • High-efficiency Particulate Air (HEPA)
  • Activated Carbon
  • Ionic Filters
  • Electrostatic Precipitator
  • Others

 

China Air Purifier Market, By Application

  • Commercial
  • Residential
  • Industrial

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