India’s residential air purifiers market is projected to grow at a CAGR of over 29% backed by rapid urbanisation, increased purchasing power, expanding urban population and deteriorating air quality, according to an Assocham report.
$14.14 mn – current size of the air purifier market in India
$38.99 mn – expected size of the air purifier market in 2023
22% – Air purifiers market demand from residential sector in 2017
The study said some 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 which is anticipated to boost demand
$293.27 mn – size of industrial air filters market in 2017
$392.63 mn – expected size of industrial air filters market in 2023