Residential Air Purifier Market in China Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the residential air purifier market in China and it is expected to grow by $ 219.10 milion, accelerating at a CAGR of almost 5.40% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Residential Air Purifier Market in China: Key Trends to impact market growth

Growth by the HEPA and ULPA air purifiers segment will be significant during the forecast period.  This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Residential Air Purifier Market in China: Top Drivers to Boost Demand

Product innovation in terms of cleaning technology, features (air quality monitor), and design stimulating higher selling price (premiumization) is one of the primary factors driving the growth of the residential air purifier market in China. With the decrease in air quality, there is a demand for innovative and highly efficient cleaning technology among consumers. Due to this, companies are now focusing on launching new air purifiers by improving their clear air delivery rate (CADR), using nanotechnology, increasing energy efficiency, and reducing noise levels.The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Vendor Analysis: 3M Co., Daikin Industries Ltd. and Guangzhou Haike Electronics Technology Co. Ltd. are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Daikin Industries Ltd., Guangzhou Haike Electronics Technology Co. Ltd., Honeywell International Inc., Koninklijke Philips NV, MIDEA GROUP, Samsung Electronics Co. Ltd., Sharp Corp., Unilever Group, and Xiaomi Corp. are some of the major market participants.

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Residential Air Purifier Market in China: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive residential air purifier market in China growth during the next five years
• Precise estimation of the residential air purifier market in China size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the residential air purifier market in China industry across China
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of residential air purifier market in China vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of 5.40%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 219.10 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Product innovation in terms of cleaning technology, features (air quality monitor), and design stimulating higher selling price (premiumization) will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   China is the key region featured in this research report.
    
5. Which is the leading geographic region for this market:
   China is the key region featured in this research report.                                                                                                                                                
6. Who are the leading market vendors?
   The leading vendors in this market are 3M Co., Daikin Industries Ltd., Guangzhou Haike Electronics Technology Co. Ltd., Honeywell International Inc., Koninklijke Philips NV, MIDEA GROUP, Samsung Electronics Co. Ltd., Sharp Corp., Unilever Group, and Xiaomi Corp.
    
7. What are the market segments covered in this report?
   The market is segmented by Technology (HEPA and ULPA air purifiers, Ionizers and electrostatic precipitator air purifiers, Activated carbon air purifiers, Photocatalyst and UV air purifiers, and Ozone generator air purifiers) and Distribution Channel (Offline and Online)