COVID-19 Impacts: Residential Air Purifier Market in China will Accelerate at a CAGR of Almost 6% Through 2020-2024 | Growing Awareness of Health Effects of Air Pollution to Boost Growth | Technavio
Technavio has been monitoring the residential air purifier market in China and it is poised to grow by USD 219.82 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
What was the value of the residential air purifier market in China in 2019?
Technavio says that the value of the market was at USD 713.56 million in 2019 and is projected to reach USD 933.38 million by 2024.
At what CAGR is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of almost 6%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
Growing awareness of the health effects of air pollution is one of the key factors driving the market growth.
Who are the top players in the market?
3M Co., Honeywell International Inc., Koninklijke Philips NV, LG Electronics Inc., Newell Brands Inc., Qingdao Haier Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corp., Unilever Group, and Xiaomi Corp. are some of the major market participants.
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 2.47%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Honeywell International Inc., Koninklijke Philips NV, LG Electronics Inc., Newell Brands Inc., Qingdao Haier Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corp., Unilever Group, and Xiaomi Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing awareness of the health effects of air pollution has been instrumental in driving the growth of the market.
Residential Air Purifier Market in China 2020-2024: Segmentation
Residential Air Purifier Market in China is segmented as below:
Residential Air Purifier Market in China 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our residential air purifier market in China report covers the following areas:
Residential Air Purifier Market size in China
Residential Air Purifier Market trends in China
Residential Air Purifier Market analysis in China
This study identifies the focus on product innovation in terms of cleaning technology, features, and design as the prime reason driving the residential air purifier market growth in China during the next few years.
Residential Air Purifier Market in China 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the residential air purifier market in China, including some of the vendors such as 3M Co., Honeywell International Inc., Koninklijke Philips NV, LG Electronics Inc., Newell Brands Inc., Qingdao Haier Co. Ltd., Samsung Electronics Co. Ltd., Sharp Corp., Unilever Group, and Xiaomi Corp. Backed with competitive intelligence and benchmarking, our research reports on the residential air purifier market in China are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Residential Air Purifier Market in China 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist residential air purifier market growth in China during the next five years
Estimation of the residential air purifier market size in China and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the residential air purifier market in China
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 vendors in China
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Technology
Market segments
Comparison by technology
HEPA and ULPA air purifiers - Market size and forecast 2019-2024
Ionizers and electrostatic precipitator air purifiers - Market size and forecast 2019-2024
Activated carbon air purifiers - Market size and forecast 2019-2024
Photocatalyst and UV air purifiers- Market size and forecast 2019-2024
Ozone generator air purifiers- Market size and forecast 2019-2024
Market opportunity by technology
Market Segmentation by Distribution channel
Market segments
Comparison by distribution channel
Offline - Market size and forecast 2019-2024
Online - Market size and forecast 2019-2024
Market opportunity by Distribution channel
Customer landscape
Overview
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
3M Co.
Honeywell International Inc.
Koninklijke Philips NV
LG Electronics Inc.
Newell Brands Inc.
Qingdao Haier Co. Ltd.
Samsung Electronics Co. Ltd.
Sharp Corp.
Unilever Group
Xiaomi Corp.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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