Air Purifier Market in India to Witness High Double Digit Growth During 2014-19, Says TechSci Research Study
BURNABY, British Columbia, August 26, 2014 /PRNewswire/ --
Rising Air Pollution and Increasing Incidences of Respiratory Diseases to Augment Demand for Air Purifiers in India Over Next Five Years
India is emerging as a huge potential market for air purifiers due to rising levels of air pollution and increasing health consciousness among consumers. Moreover, the availability of air purifiers is gradually increasing as companies have started to market air purifiers by utilizing their existing AC distribution and sales network. According to a recently published report by TechSci Research "India Air Purifier Market Forecast & Opportunities, 2019", the country's air purifier market is projected to register a CAGR of around 50% during 2014-19. The southern and northern regions of the country would be the leading revenue generators due to rising pollution levels on account oflarge manufacturing base and increasing transport vehicle fleet.
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The report reveals that HEPA based air purifiers are expected to continue dominating the India's air purifier market. HEPA is being increasingly used in conjugation with Electrostatic precipitator and Activated Carbon filters. Technologies such as Plasmacluster Ion technology, Nanoe G and Photocatalytic technologies are also expected to grab significant market share during the forecast period. Delhi NCR, Mumbai, Bangalore, Hyderabad and Chennai would continue to be the major air purifier markets that air purifier players would target in coming years. Leading companies currently operating in the country's air purifier market include Eureka Forbes, Sharp India and Atlanta Healthcare.
"Around 25% of the country's population is suffering from respiratory diseases or allergies. Over the last two decades, there has been an increase in the number of patients suffering from Asthma, COPD, etc. Various Indian cities such as Delhi, Lucknow, Gwalior and Kanpur have the dubious distinction of being the most polluted cities across the globe. Even then, the penetration of air purifiers in India is negligible. This indicates a huge opportunity for air purifier companies in the country during the next 5-10 years. Moreover, the growth in medical tourism in India coupled with growing commercial and industrial sectors would further boost the demand for air purifiers in India during 2014-19." said Mr Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Air Purifier Market Forecast & Opportunities, 2019" has evaluated the future growth potential of air purifier market in India and provides statistics and information on market structure, market trends, market size, etc. The report includes air purifier projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in air purifier market in India.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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