According to India Air Purifier Market Overview, 2016-2021, the market for air purifier market in India grew with a CAGR of 27.72% in the last six years.
The air filters used in the purifiers are one of the most important components of the product. HEPA filters dominate the air purifier market in terms of technology. The upcoming new technologies are major growth drivers in the air purifiers market. Research and innovation of technology has a great effect on the demand of air purifiers in the market. Cost effective technologies which aims to reduce the cost of the product are making it possible for the larger part of the society to afford the product.
It is eventually aiding the air purifier market to get the requisite importance. Innovative technologies including Plasma cluster ion and Nano G filters are attached in the air conditioners which circulates the purified air. There are several companies competing in the air purifiers market in India even though the market is still in the nascent stages.
Eureka Forbes holds the maximum market share in terms of revenue generated in the air purifier market in India which is closely followed by Panasonic and Sharp. Apart from these major companies, there are several other companies competing in the market such as, LG, Philips and Kent which constitutes minimally to the market share in the air purifier market in India.