air purifier market to touch usd 39 mn by 2023: report - residential air purifier

New Delhi: The compound annual growth rate of India's residential air purifier market is expected to exceed the current $14.
$14 million to $38.
99 million according to a report, supported by rapid urbanization, enhanced purchasing power, expanded urban population and worsening air quality by 2023,The Assocham-
TechSci Research said that other key factors that are expected to drive the market are technological progress, active marketing strategies of air purifier companies, and increasing incidence of air-borne diseases, the desire for a healthier lifestyle is expected to promote demand.
In 2017, the revenue share of the housing sector in India's air purifier market was reported due to increased air pollution.
Presence of high concentration PM2.
5 and PM 10 in the air cause high pollution levels in northern India, especially in Delhi
NCR is one of the most polluted areas in the country.
As a result, demand for residential air purifiers is increasing in northern India, the study said.
The industrial air filter market was $293 in 2017.
27 million, the expected compound growth rate is 6.
$392 against the dollar.
63 million to 2023.
In addition, the joint study pointed out that the demand for frequent replacement of air filters in the construction industry is stimulating the demand for air filters.