China Air Purifiers Market Set to Grow at 34% CAGR Till 2018 Finds TechSci Research Study
Vancouver, Canada (PRWEB) July 29, 2013 -- According to a recently published report by TechSci Research “China Air Purifier Market Forecast & Opportunities, 2018”, the Chinese air purifiers market is largely dominated by foreign players. The air purifiers in China are based on technologies such as HEPA, Electrostatic Precipitators and Activated Carbons, etc., with HEPA based air purifiers accounting for largest share in the market.
China is the fastest growing economy in the world and is growing on the heels of its manufacturing sector. However, the colossal manufacturing industry of China is severely impacting the air quality across most of the regions in the country as a result of rising air pollution. The levels of air pollution in China have already surpassed the world standards of air pollution set by WHO and now, China is acclaimed as one of the most polluted countries around the world.
Increasing air pollution in the country is causing a rise in respiratory diseases among its residents. The air purifiers market of China is comparatively smaller than the air purifiers market in many developed countries. However, as a result of increasing awareness, the market is set to grow rapidly over the coming years. The country is witnessing growth in demand for air purifiers as a result of growing concerns among the people about declining air quality in major cities such as Beijing and Shanghai.
Sensing the opportunity, many international and domestic companies have entered the Chinese air purifier market. Some of the notable players operating in the Chinese air purifier market include Panasonic, Philips and Beijing Yadu. In China, the international companies are focusing on offering low cost products, particularly for residential purposes.
The market for air purifiers is dominated by the industrial sector, while the residential sector accounts for a small share in the overall market. However, the market for residential air purifiers is set to rise over the next five years as a result of companies’ increasing focus towards residential air purifiers and rise in the consumer disposable income in China along with many other drivers.
“China Air Purifier Market Forecast & Opportunities, 2018” has analyzed the growth potential of the air purifiers market in China and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
Ken Mathews, TechSci Research, http://www.techsciresearch.com/, +1 646 360 1656, [email protected]
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