Air Purifier Industry To Be Worth $39 Million By 2023, Thanks To Air Pollution: ASSOCHAM-Techsci Study

Air Purifier Industry To Be Worth $39 Million By 2023, Thanks To Air Pollution: ASSOCHAM-Techsci Study

According to the study titled ‘Bio Medical Waste & Air Pollution’, rapid urbanisation, deteriorating air quality, increasing incidences of airborne diseases, aspiration to lead a healthier lifestyle are some of the key factors behind the expected boost in demand for air purifiers in India
Air Pollution, News
- in Air Pollution, News
0
Air Purifier Industry To Be Worth $39 Million By 2023, Thanks To Air Pollution: ASSOCHAM-Techsci StudyThe Indian residential air purifiers market is projected to grow from the current level of 14.14 million dollars to 38.99 million dollars in 2023: Study

New Delhi: The Indian residential air purifiers market is projected to grow at a CAGR (compound annual growth rate) of more than 29 per cent from the current level of 14.14 million dollars to 38.99 million dollars in 2023, backed by rapid urbanisation, increasing purchasing power, expanding urban population and deteriorating air quality, according to an ASSOCHAM-TechSci Research joint study.

Also Read: Expert Talk: Remember To Consider These Three Things While Buying An Air Pollution Mask

Some of the other key factors expected to drive the market are growing technological advancements, aggressive marketing strategies by air purifier companies, increasing incidences of airborne diseases and aspiration to lead a healthier lifestyle are anticipated to boost demand for air purifiers in India, said the study titled ‘Bio Medical Waste & Air Pollution.’

The residential sector accounted for a revenue share of about 22 per cent in the overall India air purifiers market in 2017, on account of increasing airborne disease. Rising air pollution, both outdoor as well as indoor, is solely responsible for increasing the number of asthma and chronic obstructive pulmonary disease patients.

Also Read: Combating Indoor Air Pollution: 5 Plants To Make Your Home Clean And Green

The presence of high concentration of PM2.5 and PM10 in the air leads to high pollution levels in northern states, especially Delhi NCR region which is among the most polluted. As a result, demand for residential air purifiers are increasing, the joint study.

In 2017, industrial air filters market stood at 293.27 million dollars and is forecast to grow at a CAGR of 6.07 per cent to cross 392.63 million dollars by 2023. Also, the need for frequent replacement of air filters in the construction sector is spurring demand for air filters.

Also Read: Gurugram Based Start-Up Develops City-Level Air Purifier To Clean The National Capital’s Air

Sales of heating, ventilation, and air conditioning (HVAC) air filter segment witnessed high penetration in the commercial sector in comparison to the residential sector, thereby fuelling air filters market in India.

Increasing construction activities including the establishment of buildings and townships in tier II cities, such as Varanasi, Amritsar and Ludhiana are deteriorating the air quality in these regions, thus demand for air purifiers is anticipated to grow at a robust pace from these regions in the coming years, said the study.

Also Read: Delhi Based Start-up Has Developed World’s First Helmet With Air Purifier To Combat Pollution

Air pollution has become one of the biggest challenges for both developed economies. It is even threatening the existence of the human race due to its effects like global warming and acid rain.

Developing countries like India and China in Asia and the African continent will continue to contribute to a growing load of carbon emissions across the world. Thus, it becomes evident that both developed and developing economies need to come together on a common platform and join hands to fight this menace.

Moreover, the exchange of clean technologies from the developed world needs to be increased, said the study.

Also Read: Now Track Air Pollution Levels With Mobile App ‘AQI India’ And Get Health Tips

NDTV – Dettol Banega Swachh India campaign lends support to the Government of India’s Swachh Bharat Mission (SBM). Helmed by Campaign Ambassador Amitabh Bachchan, the campaign aims to spread awareness about hygiene and sanitation, the importance of building toilets and making India open defecation free (ODF) by October 2019, a target set by Prime Minister Narendra Modi, when he launched Swachh Bharat Abhiyan in 2014. Over the years, the campaign has widened its scope to cover issues like air pollutionwaste managementplastic banmanual scavenging and menstrual hygiene. The campaign has also focused extensively on marine pollutionclean Ganga Project and rejuvenation of Yamuna, two of India’s major river bodies.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Documents Ready For Smog Tower Installation Project In Delhi, Centre Informs The Supreme Court

Solicitor General Tushar Mehta told a Supreme Court bench that the technology for building smog towers will be procured from Minnesota in the United States of America