India’s air air purifier market is rising rapidly as air air pollution continues to worsen throughout main cities. The market is valued at round $507.5 million in FY2024. It’s anticipated to develop sharply, reaching doubtlessly as much as $1.8 billion by 2033 with a CAGR of 14.6 % in the course of the forecasted interval. This progress is supported by rising well being consciousness, extra individuals dwelling in polluted city areas, and rising issues about long-term respiratory points.
This progress fee is way sooner than the worldwide air air purifier market, which is rising at about 6-8 % yearly. In India, air purifiers are now not seen as luxurious objects. They’re changing into important merchandise in houses, hospitals, places of work, and different business areas. As air pollution ranges stay excessive, the demand for clear and secure indoor air is making air purifiers a well being necessity.
Key Development Drivers within the Market:
One main driver of progress is the rising deal with well being and wellness. After the pandemic, individuals have grow to be extra conscious of respiratory well being. Increased disposable incomes in Tier-1 and Tier-2 cities have additionally boosted demand, particularly for entry and mid-range fashions that supply good worth for day by day use.
One other robust pattern is premiumisation. Shoppers are slowly shifting from fundamental purifiers to superior fashions with higher air supply charges, longer-lasting filters, and good options.
E-commerce has additional supported this demand. Platforms like Amazon and Flipkart present fast supply, straightforward comparisons, and broad availability. Throughout air pollution peaks, on-line gross sales usually surge sharply, making air purifiers extra accessible to households nationwide.
Listed below are a couple of listed firms in India’s air-purifier market:
Blue Star Restricted
With a market capitalization of Rs. 36,357.83 crore, the shares of Blue Star Restricted had been presently buying and selling at Rs. 1,768.25 per fairness share, down practically 0.94 % from its earlier day’s shut worth of Rs. 1,784.95.
Blue Star Restricted was based in 1943 and is an Indian firm engaged in manufacturing air conditioners, cooling techniques, and indoor air high quality merchandise for houses and companies.
Blue Star is a well known identify in cooling and air-conditioning options and has expanded into indoor air high quality merchandise. The corporate gives air purifiers with multi-stage HEPA filters and good sensors to enhance air cleanliness. It additionally consists of built-in air purification options in a few of its premium air conditioners, giving prospects higher air high quality together with cooling in a single product.
With a market capitalization of Rs. 15,794.91 crore, the shares of Whirlpool of India Restricted had been presently buying and selling at Rs. 1,244.95 per fairness share, rising practically 1.61 % from its earlier day’s shut worth of Rs. 1,225.25.
Whirlpool of India Restricted was established in 1960 and is headquartered in Gurugram. The corporate is engaged in manufacturing and advertising dwelling home equipment, together with washing machines, fridges, air conditioners, and kitchen merchandise.
The corporate markets compact, environment friendly water purifiers beneath its Contemporary Care and Purafresh sequence. These purifiers mix HEPA and activated carbon filters and are designed primarily for mid-income city households in search of high quality and reasonably priced water purification options.
With a market capitalization of Rs. 44,702.53 crore, the shares of Voltas Restricted had been presently buying and selling at Rs. 1,351 per fairness share, rising practically 1.02 % from its earlier day’s shut worth of Rs. 1,337.30.
Voltas Restricted was established in 1954 and is a Tata Group firm engaged in manufacturing and advertising cooling and residential home equipment like air conditioners, fridges, and washing machines.
A Tata Group firm leveraging its deep cooling experience, Voltas gives dependable and value-for-money purifiers beneath the Voltas VAP sequence. These purifiers cater primarily to mass and mid-range shopper segments in search of environment friendly and reasonably priced air purification options throughout India.
With a market capitalization of Rs. 92,139.76 crore, the shares of Voltas Restricted had been presently buying and selling at Rs. 1,469.05 per fairness share, rising practically 0.21 % from its earlier day’s shut worth of Rs. 1,466.
Havells India Restricted was established in 1958 and is a number one Indian electrical gear firm. It’s engaged in manufacturing and advertising wide-ranging electrical shopper items like cables, switchgear, lighting, and home equipment.
Via its Freshia and Studio Meditate sequence, Havells focuses on premium IoT-enabled purifiers outfitted with titanium dioxide filters and app-based controls. Leveraging robust model recall and intensive distribution, the corporate ensures scalable progress by catering to the premium phase in search of superior air purification options.
With a market capitalization of Rs. 1,09,872.89 crore, the shares of LG Electronics India Restricted had been presently buying and selling at Rs. 1,618.70 per fairness share, down practically 3.31 % from its earlier day’s shut worth of Rs. 1,674.10.
LG Electronics India Restricted was included in 1997 and is engaged in manufacturing and advertising dwelling home equipment and shopper electronics in India, together with fridges, washing machines, air conditioners, and kitchen merchandise.
The Indian arm of LG gives premium, high-capacity air purifiers just like the LG PuriCare vary, that includes real-time air high quality index show, twin filtration, and good connectivity. These purifiers goal upper-income city customers who search superior, environment friendly air purification options with IoT-enabled comfort and dependable efficiency.
Written By – Nikhil Naik
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