Press Release
Press Release
The Indian air purifier market is anticipated to be driven by the proliferation of digital technologies including the Internet of Things (IoT) and Artificial Intelligence (AI). Furthermore, owing to the strong market penetration of smartphones and wireless internet connectivity like cellular or Wi-Fi, the rising adoption of smart home infrastructure is invigorating the market's growth. Smart air purifiers are equipped with the Internet of Things (IoT) and can be accessed remotely via smartphone applications, offering a great level of convenience through remote access. In addition, AI-enabled features provide real-time air quality analysis and automatically adjust the settings according to prevalent conditions. These factors are hence giving impetus to the market growth. Furthermore, the development of compact-sized and portable air purifiers provides momentum to the market growth. Therefore, these are some of the factors collectively pushing the market's growth.
In August 2021, Signify, a significant player in the Indian market for air purifiers, recently launched its EchoLink Air Purifier with UV-C technology in India. The air purifier is engineered to purify and disinfect air simultaneously and is equipped with HEPA filters and UV-C technology that aids in inactivating airborne pathogens, including the SARS-CoV-2 virus. Such developments by leading industry players are pushing the market's growth in an upward direction. In addition, the market is being further driven by the expansion strategies employed by leading market players such as Blue Star Limited (NSE: BLUESTARCO).
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The major players in the Indian air purifier market are Dyson Group, Koninklijke Philips N.V., Daikin Industries Ltd., Panasonic Corporation, Xiaomi Group, Eureka Forbes Ltd, LG Electronics, Inc, Haier Group, Blueair, Inc., and KENT RO Systems Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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