Orbis Research Exclusive Report: Residential Air Purifier Market in China to grow at a CAGR of 8.56% during the period 2017-2021
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Report – Residential Air Purifier Market in China 2017-2021
The Following Companies As The Key Players In The Residential Air Purifier Market In China: Beijing Yadu Environmental Protection Technology, Koninklijke Philips, Panasonic, Sharp Electronics, and Unilever.
Other Prominent Vendors in the market are: Austin Air, Daikin Industries, Dyson, Guangzhou Haike Electronics Technology, Guardian Technologies, Haier, Honeywell International, IQAir, LG Electronics, LIFAair, Midea, and Xiaomi.
Commenting on the report: “One trend in market is smart, connected air purifiers. The increasing preference for smart air purifier is a trend in the residential air purifier market in China.
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The smart air purifiers can be controlled through wireless technologies such as Wi-Fi and Bluetooth.”
According to the report, one driver in market is growing awareness of the impact of air pollution on health, deteriorating air quality, rapid urbanization in developing countries, and increasing vehicular emissions. China's air pollution has worsened over the last few years, due to which, adults as well as children have started developing health problems like frequent headaches, lung cancer, heart problems, strokes, and chronic and acute respiratory diseases such as asthma.
Health issues caused due to air pollution might also be fatal. Controlling the quality of air in China is still a challenge for the authorities as well as citizens.
China is a fast-developing country, and rapid increase in pollution (through vehicular emissions), urbanization, and industrialization have led to the deterioration of air quality. A disastrous air pollution known as the "airpocalypse" took place in 2013, which had badly affected the Chinese population and their health.
Further, the report states that one challenges in market is high maintenance cost of air purification filters used in air purifiers. Even though the demand for residential air purifiers is increasing among Chinese consumers, the high maintenance costs of these appliances might have a negative impact on their sales in the coming years.
An air purifier's main part is its air filters, which help in the filtration of pollutants from the air. These air purifiers need regular maintenance every four to six months.
The HEPA filters are expensive to replace; therefore, consumers need to bear a high replacement cost for these air filters. High-quality air purifiers are generally premium, in which high-quality and expensive air purification filters are used.
The filters used in these have longer life but the maintenance cost is still high.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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