India Air Purifier Market Forecast & Opportunities, 2014 – 2024 Published: April 2019 MARKET INTELLIGENCE . CONSULTING Ta b l e o f C o n t e n t s S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Global Air Purifier Market Overview 5. India Air Purifier Market Outlook India Air Purifier Market Forecast & Opportunities, 2014-2024 5.1. 2 Market Size & Forecast 5.1.1. 5.2. 5.3. By Value & Volume Market Share & Forecast 5.2.1. By Filter Type (HEPA and Activated Carbon, HEPA, Activated Carbon and Ion Ozone, Ion Ozone, HEPA, Electrostatic Precipitators, Activated Carbon and Others) 5.2.2. By End Use (Residential, Commercial & Industrial) 5.2.2.1. By Commercial End User 5.2.2.2. By Industrial End User 5.2.3. By Region 5.2.4. By Leading City 5.2.5. By Company Market Attractiveness Index 5.3.1. By Filter Type 5.3.2. By Region 5.3.3. By End Use © TechSci Research Ta b l e o f C o n t e n t s S. No. 6. Contents India HEPA and Activated Carbon Air Purifiers Market Outlook 6.1. Market Size & Forecast 6.1.1. 6.2. Market Share & Forecast 6.2.1. India Air Purifier Market Forecast & Opportunities, 2014-2024 6.3. 3 7. Product Benchmarking Market Size & Forecast 7.1.1. 7.2. 7.3. By Value & Volume Market Share & Forecast 7.2.1. By End Use Product Benchmarking India Ion Ozone Air Purifiers Market Outlook 8.1. Market Size & Forecast 8.1.1. 8.2. 8.3. By Value & Volume Market Share & Forecast 8.2.1. 9. By End Use India HEPA, Activated Carbon and Ion Ozone Air Purifiers Market Outlook 7.1. 8. By Value & Volume By End Use Product Benchmarking India HEPA Air Purifiers Market Outlook 9.1. Market Size & Forecast © TechSci Research Ta b l e o f C o n t e n t s S. No. Contents 9.1.1. 9.2. Market Share & Forecast 9.2.1. 9.3. 10. India Air Purifier Market Forecast & Opportunities, 2014-2024 4 Product Benchmarking Market Size & Forecast 10.1.1. 10.2. 10.3. By End Use Product Benchmarking India Activated Carbon Air Purifiers Market Outlook 11.1. Market Size & Forecast 11.1.1. 11.2. 11.3. By Value & Volume Market Share & Forecast 11.2.1. By End Use Product Benchmarking India Other Air Purifiers Market Outlook 12.1. Market Size & Forecast 12.1.1. 13. By Value & Volume Market Share & Forecast 10.2.1. 12. By End Use India Electrostatic Precipitator Air Purifiers Market Outlook 10.1. 11. By Value & Volume By Value & Volume Supply Chain Analysis © TechSci Research Ta b l e o f C o n t e n t s India Air Purifier Market Forecast & Opportunities, 2014-2024 S. No. 5 Contents 14. Import - Export Analysis 15. Market Dynamics 15.1. Drivers 15.2. Challenges 16. Market Trends & Developments 17. Policy & Regulatory Landscape 18. India Economic Profile 19. Competitive Landscape 19.1. Competition Outlook 19.2. Company Profiles 19.2.1. Philips India Ltd. 19.2.2. Honeywell International India Pvt. Ltd. 19.2.3. Eureka Forbes Ltd. 19.2.4. Sharp Business Systems (India) Private Limited 19.2.5. Panasonic India Pvt. Ltd. 19.2.6. Blueair India Pvt. Ltd. © TechSci Research Ta b l e o f C o n t e n t s S. No. Contents 19.2.7. Daikin Airconditioning India Pvt. Ltd. 19.2.8. Kent RO Systems Ltd. 19.2.9. Mankastu Impex Private Limited 19.2.10 . Crusaders Technologies India Pvt. Ltd. Strategic Recommendations 21. About Us & Disclaimer India Air Purifier Market Forecast & Opportunities, 2014-2024 20. 6 © TechSci Research Product Overview Air Purifier is a device which cleans the polluted air and is capable of effectively removing bacteria, viruses and particulate matter present in the air. Air purifiers are different from air cleaners in their application, size, cost and area of purification. Types of Filters Employed in Air Purifier 01 High-Efficiency Particulate Arrestance (HEPA) Air purifier integrated with HEPA filters comprises a stack of fibers that eliminate allergens and other airborne particles of 0.3 micrometers, with an efficiency of 99.97%. Electrostatic Precipitator Air purifier removes contaminants by electrostatic discharge produced by alternately charged plates arranged in its filters. 04 02 Ion & Ozone Generator It contains discharges Product Overview 03 7 Activated Carbon Filter an corona ionizer to that generate high electric field by ions. The positive and negative ions attract other charged particles in the polluted air and release fresh air into the environment. These air purifiers are made up of absorbent filters, which are capable of absorbing pollutants, trapping impurities inside and releasing pollutant free air to consumers. * Air purifiers are available in various combinations of the above mentioned filters e.g. HEPA+ Activated Carbon, HEPA+Activated Carbon+Ion/Ozone © TechSci Research Research Methodology Information regarding All the collected India air purifier information was then market was gathered through primary research surveys with various manufacturers, validated through multiple sources and data warehouses in order to present the distributors and most accurate and retailers in the precise information country, followed by about India air purifier exhaustive secondary market. research. The analyzed market were information was then comprehensively presented in monitored and chronological order to analyzed by the team depict a meaningful of industry experts. and clear picture of TechSci Research India air purifier identified and analyzed market. the emerging trends, drivers and challenges in the market. Evaluation & Validation Analysis Presentation Research Methodology Research Various aspects of the 8 © TechSci Research Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India air purifier market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as rising health concerns, depleting air quality, rapid urbanization and increasing purchasing power. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy in India air purifier market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on the information collected through exhaustive secondary research and primary surveys across various key opinion leaders/ Research Methodology stakeholders such as air purifier manufacturers, distributors and retailers. 9 The team interviewed more than 10 air purifier manufacturers, 50 distributors/retailers and 10 industry experts to obtain the overall market size, following the Delphi technique for the years 2014 to 2018. Taking standard deviation into consideration, the market size figures were averaged out, to arrive at the market size figures for the years 2014 to 2018. © TechSci Research Research Methodology Respondents were asked about the current and future market and their growth rates, market shares by type, across regions. Removing the outlier responses, the geometric mean of the growth estimates and product wise revenue shares generated across various segments were considered to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the type of air purifier. Methodology to be Followed for Calculation of Market Shares Market shares by type, by end use, by region and by company were calculated based on the responses received through primary surveys with industry experts in which the respondents were asked about market share or revenue generated from various segments. The final shares were calculated by taking the geometric mean of the Research Methodology responses gathered from key opinion leaders, after eliminating the outliers. 10 Methodology to be Followed for Forecasting TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. © TechSci Research Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India air purifier market, TechSci Research used various forecast techniques such as: o Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used impact analysis during short, medium and long term period to estimate the demand and to arrive at accurate market numbers. Eureka Forbes Ltd., Philips India Ltd., Honeywell International India Pvt. Ltd., Kent RO Partial List of Companies Interviewed Systems Ltd., Blueair India Pvt. Ltd., Panasonic India Pvt. Ltd., Mankastu Impex Private Limited, Crusaders Technologies India Pvt. Ltd., Sharp Business Systems (India) Private Research Methodology Limited, Daikin Airconditioning India Pvt Ltd., etc. 11 Company Annual Reports, Ministry of Corporate Affairs, Ministry of Statistics & Secondary Sources Programme Implementation (MoSPI), World Bank, Press Releases, Industry Magazines, Industry Reports, News Dailies, Credible Paid Databases, Proprietary Databases, etc. © TechSci Research INDUSTRY BRIEF According to TechSci Research report, “India Air Purifier Market By Filter Type, By End Use, Competition Forecast & Opportunities, 2014 – 2024”, air purifier market in the country is forecast to grow at a CAGR of over 28% during 2019-2024. Air purifier is a device which cleans the polluted air and is capable of effectively removing bacteria, viruses and particulate matter present in the air. Air purifiers are different from air cleaners in their application, size, cost and area of purification. Level of air pollution is increasing at a robust pace in India, owing to rapid industrialization, growing vehicle sales and increasing number of construction projects. Moreover, growing concerns regarding indoor pollution, which is more dangerous than outdoor pollution, is expected to drive the market for air purifiers in India. India’s medical tourism industry is growing at a fast pace, owing to the availability of cheaper medical facilities related to cardiology, urology and orthopaedics, in the country compared to other developed countries. Over the coming years, number of medical tourists in India is expected to grow. In order to ensure clean air for the patients, hospitals are increasingly installing air purifiers in their premises. On account of surging health concerns and rise in incidence of diseases among people, number of hospitals is expected to increase, thereby driving demand for air purifiers, in the coming years. North region accounted for a major share in India air purifier market. Northern part of the country includes cities with high pollution levels such as Delhi NCR, Ludhiana, Kanpur and Amritsar. Increasing urban population and rising number of industries, houses, private vehicular transport, etc., affect the quality of air. “Rising awareness about surging pollution and increasing instances of respiratory diseases caused by various air pollutants is expected to drive the market. Air purifiers clean the air and keep users away from these diseases. This precautionary trend is expected to aid the growth of India air purifier market during the forecast period. Also, various foreign embassies, multinational companies, international schools, internationals governing bodies, etc., are installing air purifiers in their premises to ensure clean indoor environment for their staff members.” said Mr. Karan Chechi, Research 12 Director with TechSci Research, a research based global management consulting firm. © TechSci Research S A M P L E D ATA - S N A P S H O T India Air Purifier Market Size, By Value (USD Million), By Volume (Thousand Unit), 2014-2024F 2014 CAGR: 2014-2018 CAGR: 2019E-2024F By Value: xx% By Value: xx% By Volume: xx% By Volume: xx% 2015 2016 2017 2018 By Value (USD Million) 2019E 2020F 2021F By Volume (Thousand Unit) 2022F 2023F 2024F India Air Purifier Market Share, By Commercial End Use, By Value, 2018 & 2024F Others 25,00% Hospitality, 25,00% Others 25,00% Educational Institutions 25,00% Hospitality, 25,00% Educational Institutions 25,00% Corporate Offices, 25,00% Corporate Offices, 25,00% India HEPA Air Purifier Market Size, By Value (USD Million), By Volume (Thousand Unit), 2014-2024F CAGR: 2019E-2024F CAGR: 2014-2018 By Value: xx% By Value: xx% By Volume: xx% By Volume: xx% 2014 13 2015 2016 2017 2018 By Value (USD Million) 2019E 2020F 2021F 2022F By Volume (Thousand Unit) 2023F 2024F © TechSci Research REPORT ORDERING Report Name: India Air Purifier Market Forecast & Opportunities, 2014 – 2024 Report Price License Type Price Electronic Access - Single User License $2950 Electronic Access - Multi-User License $3750 Custom Research License $7500 To View Sample OR Purchase Report 14 © TechSci Research About Us & Disclaimer About Us: TechSci Research is a global market research and consulting company with offices in the US, UK and India. 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