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India Air Purifier Market Forecast & Opportunities, 2024

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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
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Forecast & Opportunities, 2014 – 2024
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About Us & Disclaimer
About Us:
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides
market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving
productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industryspecific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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Partial List of Clients
About Us & Disclaimer
Disclaimer :
15
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made
that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various
sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of
any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states
that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts,
can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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