According to a Future Market Insights (FMI) report, India Air Treatment Product Market will generate US$ 1,574.90 Million by 2024. The industry is predicted to reach US$ 4,577.30 Million in 2034. Between 2024 and 2034, the industry is expected to register a growth rate of 11.30%.
Air treatment products are poised to make significant advancements in the future, contributing to the sustainability of the planet as well as the well-being of individuals. Climate change, air quality, and health are all growing concerns, which will require these products to play an important role.
IAQ sensors can provide real-time data on pollutants and provide compact, affordable designs. The development of air quality monitors that can be integrated into smart home environments and trigger actions according to air quality measurements is necessary.
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A significant amount of innovation is expected in air purifiers. Their versatility will allow them to target emerging threats, such as airborne viruses and ultrafine particulate matter that can not only remove allergens and pollutants from the air, but also play a role in preventing these threats from occurring.
Indoor air quality will be monitored and adjusted in real-time through integration with smart technologies, ensuring optimal conditions in homes and workplaces. Public health will benefit greatly from these developments, particularly in densely populated cities.
The world is also transitioning towards sustainability, resulting in air treatment products incorporating green technologies. Energy consumption will be reduced, recyclable materials will be used, and manufacturers will employ sustainable production processes. These devices can also be powered by renewable energy sources, which reduce their carbon footprint. The fight against climate change aligns with global commitments.
Data analytics and artificial intelligence will also define the future of air treatment products. By incorporating these technologies, companies will be able to adapt to different conditions, reduce energy consumption, and perform predictive maintenance. Users will be able to make informed decisions about their living spaces by accessing real-time data on air quality. Air treatment products will become more effective and efficient over time as a result of machine learning algorithms.
A growing awareness of indoor air quality is likely to drive a slew of regulatory standards, which will result in more quality and innovation within the sector. Air treatment products that are energy-efficient and eco-friendly will be further encouraged by government incentives and rebates.
Key Takeaways:
- By 2034, FMI estimates that 401-700 sq. ft. will account for 36.90% of Industry revenue.
- India’s commercial end-use types are expected to account for 56.40% of the industry.
- By 2034, the air treatment products in India is predicted to expand at 11.30% CAGR.
- Breathing air purifiers are expected to remain in high demand due to rising innovation and eco-friendly products.
- A growing e-commerce industry will drive online air treatment product sales in India.
“Increased awareness about indoor air quality and chronic lung diseases will lead to an increase in the demand for air purification products in India. Growing demand for natural materials and the integration of artificial intelligence will drive industry growth in the near future,” – opines Sneha Varghese, Senior Consultant, Consumer Products & Goods at Future Market Insights (FMI).
Competitive Landscape:
Several companies compete for air treatment products in highly competitive industries. In recent years, niche industries targeting specific demographics have become increasingly popular. A strong partnership and innovation have contributed to the industry’s success. Recent years have seen a rapid increase in demand for air treatment products in India.
Key Players Operating in the India Air Treatment Product Industry:
- Bajaj Electricals Ltd
- Godrej & Boyce Mfg Co Ltd.
- Usha International Ltd
- Panasonic Corp
- Atlas Copco AB
- Eureka Forbes
- OSIM International
- SANYO Electric Co.
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Industry Developments Include:
- In May 2023, LG Electronics India expects to grow around 10% in FY24, besides investing in its manufacturing ecosystem and exploring new business categories.
- In October 2023, Dyson introduced the Dyson Purifier Cool Gen 1. It promises to maintain a high level of cleanliness in the air.
India Air Treatment Product Industry Survey: Key Segments
By Product Type:
- Breathing Air Purifiers
- Compressed Air Dryers
- Refrigerated Air Dryers
- Desiccant Air Dryers
- Membrane Dryers
- Compressed Air Filtration Products
- Coalescing Filters
- Sterile Air Filters
- Silicone-Free Filters
- Vacuum Filters
- Mist Eliminators
- Gas Generators
By Coverage Area:
- Below 250 Sq. Ft.
- 250-400 Sq. Ft.
- 401-700 Sq. Ft.
- Above 700 Sq. Ft.
By End Use:
- Residential
- Commercial
- Industrial
By Sales Channel:
- Direct Sales
- Indirect Sales
- Hypermarkets/Supermarkets
- Discount Stores
- Specialty Stores
- Online Retailing
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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