New York, NY, January 26, 2012 --(PR.com
)-- Increasing level of pollution is a major concern for not only China but the world as a whole. Air pollution both indoor and outdoor is a major health hazard. According to WHO estimates over 2 Million people die prematurely due polluted air every year, most of them in poor countries and cities. Everyday activities of transportation, cooking, industrialization, etc. are easily identifiable as being unclean, and the cause of deterioration of the quality of air. Growing concern about depleting quality of air and advancement of technologies to save oneself from harmful effects of air pollution has generated huge opportunities for the sale of air purifier’s in Chinese market. A slow but gradual improvement in the level of awareness regarding air purification products and their advantages has been witnessed in the recent times, which is expected to drive growth in air purifier market in China.
According to recently published report by TechSci Research "China Air Purifier Market Forecast & Opportunities 2016," the market for air purification products provides one of the greatest opportunities in the coming years. Globally, the air purifier market is expected to grow at a CAGR of 8 percent till 2016, while Chinese air purifier market is expected to grow at a CAGR of 36 percent till 2016. The level of penetration is extremely low in China, but is expected to increase with the passage of time. “The current penetration level of air purifiers in China is extremely low when compared with countries like US, Japan & Korea where penetration level exceeds 20%. It is forecasted that Chinese air purifier market will surpass USD 14.6 Billion by 2016,” says Karan Chechi, Research Director at TechSci Research.
Many global players such as IQ Air, Austin Air, AllerAir, BlueAir, Sharp-Roxy, Honeywell, etc. are already present in the Chinese air purifier market. The Chinese air purifier market is still at its nascent stage and is still up for grabs.