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The Residential Air Purifier Market in China is projected to grow by USD 312.2 Million (2024-2028), driven by product innovation and AI’s impact on market trends – Technavio

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NEW YORK, Oct. 9, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Residential Air Purifier Market in China  size is estimated to grow by USD 312.2 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.86%  during the forecast period.  Product innovation in terms of cleaning technology, features (air quality monitor), and design stimulating higher selling prices (premiumization) is driving market growth, with a trend towards introduction of smart connected air purifiers. However, maintenance cost of air purification filters used in air purifiers  poses a challenge – Key market players include 3M Co., China Lesso Group Holdings Ltd., Coway Co. Ltd., Cubic Sensor and Instrument Co. Ltd., Dyson Group Co., Guangzhou Haike Electronics Technology Co. Ltd., IQAir AG, Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Oransi LLC, Panasonic Holdings Corp., Richform Holdings Ltd., Samsung Electronics Co. Ltd., Sharp Corp., Smart Air, Suzhou HJClEAN Tech Co. Ltd., Unilever PLC, Whirlpool Corp., and Xiaomi Communications Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Technology (HEPA and ULPA air purifiers, Ionizers and electrostatic precipitator air purifiers, Activated carbon air purifiers, Photocatalyst and UV air purifiers, and Ozone generator air purifiers), Distribution Channel (Offline and Online), and Geography (APAC)

Region Covered

China

Key companies profiled

3M Co., China Lesso Group Holdings Ltd., Coway Co. Ltd., Cubic Sensor and Instrument Co. Ltd., Dyson Group Co., Guangzhou Haike Electronics Technology Co. Ltd., IQAir AG, Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Oransi LLC, Panasonic Holdings Corp., Richform Holdings Ltd., Samsung Electronics Co. Ltd., Sharp Corp., Smart Air, Suzhou HJClEAN Tech Co. Ltd., Unilever PLC, Whirlpool Corp., and Xiaomi Communications Co. Ltd.

Key Market Trends Fueling Growth

The residential air purifier market in China is experiencing significant growth due to increasing consumer awareness and demand for advanced air purification solutions. Vendors are capitalizing on this trend by introducing smart air purifiers, which offer user-friendly features and innovative technologies. These smart air purifiers come with Energy Star certification for energy efficiency, hassle-free maintenance, alert systems for fault detection, enhanced safety features, and remote control capabilities. The Wi-Fi-enabled Honeywell Air Touch X3 Office Air Purifier is an example of such a product, offering users the convenience of controlling the device and monitoring air quality through a mobile application. These features are expected to drive the growth of the residential air purifier market in China during the forecast period. 

The Residential Air Purifier market in China is witnessing significant growth due to rising concerns over airborne diseases and indoor air pollution. Contaminated air causes premature deaths and respiratory diseases, making healthy lifestyle choices essential. HEPA technology, UV irradiation, and activated carbon filters are popular solutions for removing airborne particles and Volatile Organic Compounds. Air quality regulations are driving demand for advanced technologies like photocatalytic oxidation and ozonation. Smog and combustion sources like oil, gas, kerosene, coal, wood, tobacco, asbestos-containing insulation, and pressed wood products contribute to indoor pollution. Smart homes and energy-efficient air purifiers are trends, with portable/standalone purifiers and in-duct air purifiers catering to various needs. Nephelometers, gas sensors, and PCR-based biosensors aid in monitoring air quality. Outdoor pollutants like radon, pesticides, and Carbon Monoxide also impact air quality, necessitating comprehensive air purification solutions. Government interventions and air quality policies are shaping the market landscape. 

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Market Challenges

Residential air purifiers have gained popularity among Chinese consumers due to increasing air pollution concerns. However, the high maintenance cost, particularly for replacing air filters every four to six months, poses a significant challenge. HEPA filters, essential for effective filtration, can be expensive to replace. Premium air purifiers with longer-lasting filters are costlier, making affordability a concern. Vendors must address this issue to expand the market. Consumers seek cost-effective air purifiers that improve indoor air quality without excessive maintenance costs. The high replacement cost for air filters may deter potential buyers, potentially hindering the growth of the residential air purifier market in China.The Residential Air Purifier market in China faces several challenges. Indoor pollutants such as combustion sources like oil, gas, kerosene, coal, wood, tobacco, and asbestos-containing insulation, pressed wood products, and household cleaning products contribute to poor indoor air quality. Outdoor pollutants, including radon, pesticides, carbon monoxide, nitrogen dioxide, and pollutants like volatile organic compounds and harmful chemical vapors, also pose a threat. Public awareness of health issues like asthma, COPD, lung cancer, and the impact of greenhouse gases on air quality is growing. The market consists of portable/standalone air purifiers and ionizers. Big data analytics and IoT platforms are being used to improve air quality monitoring and control. Airborne microbes like Bacillus subtilis, Aspergillus Niger, Staphylococcus epidermidis, and Penicillium citrinum are common pollutants. Providing clean air is essential for maintaining good health.

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Segment Overview 

This residential air purifier market in China report extensively covers market segmentation by

Technology 1.1 HEPA and ULPA air purifiers1.2 Ionizers and electrostatic precipitator air purifiers1.3 Activated carbon air purifiers1.4 Photocatalyst and UV air purifiers1.5 Ozone generator air purifiersDistribution Channel2.1 Offline2.2 OnlineGeography 3.1 APAC

1.1 HEPA and ULPA air purifiers-  HEPA filters, a type of mechanical air filter, are widely used in residential air purifiers due to their high filtration efficiency. These filters work by trapping harmful particles such as pollen, pet dander, dust mites, and tobacco smoke, using interception, impaction, and diffusion mechanisms. HEPA filters are effective in removing PM (particulate matter) and formaldehyde from the air, with filtration efficiencies reaching up to 99.97%. Consumers prefer installing air purifiers in rooms where they spend most of their time, especially in the bedroom. Air purifiers with HEPA filters are readily available in specialty stores, home improvement stores, and department stores. ULPA filters, also known as ultra-HEPA, capture 99.999% of harmful airborne particles that are 0.12 Mu m or larger in diameter. These filters have a short lifespan and require replacement every three to six months. The growth of the HEPA and ULPA air purifiers technology segment is expected to propel the residential air purifier market in China due to their high filtration efficiency and increasing adoption rate.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2017 – 2021) 

Research Analysis

The Residential Air Purifier market in China has witnessed significant growth due to increasing concerns over airborne diseases and indoor air pollution. Contaminated air, caused by industrial emissions and vehicle exhaust, can lead to premature deaths and respiratory diseases such as asthma, COPD, and lung cancer. HEPA technology, Nephelometers, gas sensors, and PCR-based biosensors are essential components of air purifiers, filtering airborne particles and gases. Energy-efficient air purifiers, smart homes, and IoT platforms are trending, offering convenience and real-time air quality monitoring. Air quality regulations are driving market growth, with a focus on reducing emissions and improving overall air quality. Ionic filters, UV filters, and ionizers are other popular technologies used in air purifiers to combat indoor pollutants. Portable/standalone purifiers and big data analytics provide customized solutions for individual needs.

Market Research Overview

The Residential Air Purifier market in China has witnessed significant growth due to increasing health consciousness and rising concerns over airborne diseases caused by indoor air pollution. Contaminated air, which contains airborne particles, Volatile Organic Compounds (VOCs), and harmful chemical vapors, can lead to respiratory diseases such as asthma, COPD, and even lung cancer. Indoor sources of pollution include combustion sources like oil, gas, kerosene, coal, wood, and tobacco, as well as asbestos-containing insulation, pressed wood products, and household cleaning products. Outdoor pollutants such as smog, radon, pesticides, carbon monoxide, and nitrogen dioxide also contribute to indoor air pollution. HEPA technology, HEPA filters, UV filters, ionic filters, and other advanced air purification technologies like photocatalytic oxidation, ozonation, and electrostatic precipitators are being widely adopted to combat indoor air pollution. The market includes both portable/standalone purifiers and in-duct air purifiers. Government interventions and air quality policies, such as the implementation of air quality regulations and public awareness campaigns, are driving the market’s growth. Smart homes, energy-efficient air purifiers, and advanced technologies like nephelometers, gas sensors, and PCR-based biosensors are also gaining popularity. Airborne microbes such as Bacillus subtilis, Aspergillus Niger, Staphylococcus epidermidis, and Penicillium citrinum are significant contributors to indoor air pollution and can lead to various health issues. The market for residential air purifiers in China is expected to continue growing as people prioritize clean air for a healthy lifestyle.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyHEPA And ULPA Air PurifiersIonizers And Electrostatic Precipitator Air PurifiersActivated Carbon Air PurifiersPhotocatalyst And UV Air PurifiersOzone Generator Air PurifiersDistribution ChannelOfflineOnlineGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

Arf Earns Third Consecutive PAY360 Award for Pioneering Innovation in Global Payments

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October 10, 2024

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ZUG, Switzerland, Oct. 10, 2024 /PRNewswire/ — Arf, a leading global liquidity platform for licensed financial institutions, has been honored with a Silver at the 2024 PAY360 Awards for the “Best Use of Digital Currencies/Assets in Financial Services” category.

Organized on October 2nd in London by The Payment Association, the PAY360 Awards celebrate companies that push technological boundaries in the payments industry. Arf’s Silver Award highlights its pioneering efforts to leverage blockchain technology and digital assets to create real-time, on-chain liquidity solutions, driving efficiency and transparency in cross-border payments.

This award reflects Arf’s mission to solve global liquidity challenges with compliant, scalable solutions and empower financial institutions with instant and secure access to liquidity. Earlier this year, Arf merged with Huma Finance, integrating its liquidity solutions into Huma’s PayFi network. This merger has accelerated growth, with Arf’s on-chain liquidity volume surpassing $2 billion and loan volume exceeding $1 billion, further expanding its impact in transforming the global payments landscape.

Ali Erhat Nalbant, Co-founder & CEO of Arf, expressed his contentment with the following statements:

“This award highlights Arf’s role in addressing the limitations of traditional fiat systems with our blockchain-powered liquidity solutions. Where fiat struggles with speed and transparency, Arf’s on-chain liquidity provides instant, real-time settlements that empower financial institutions to operate globally without the inefficiencies of legacy systems. Our vision is to bridge the gap between digital assets and traditional finance, creating a seamless, more inclusive financial ecosystem for institutions across the world.”

The 17th PAY360 Awards, hosted by The Payment Association, honor excellence in categories such as Best Consumer Payments Programme, Best Lending Initiative, and Best Open Banking Initiative. This is Arf’s 3rd consecutive award at the PAY360 Awards. Two years ago, Arf won a Silver Award in the “Best Use of Crypto and/or Blockchain in Financial Services” category, and last year, Arf won in the “Best Lending Initiative” category. This year’s recognition further solidifies Arf’s reputation as a leader in leveraging digital assets to tackle complex financial challenges and drive innovation in cross-border payments.

About Arf

Arf, a regulated financial institution based in Switzerland, is a global transaction services platform that provides scalable on-chain settlement liquidity for global payments.

 

 

View original content:https://www.prnewswire.com/apac/news-releases/arf-earns-third-consecutive-pay360-award-for-pioneering-innovation-in-global-payments-302271735.html

SOURCE Arf

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New Waters Discovery Core Rheometer Brings the Power of Rheology to Routine Quality Control Testing

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50 mins ago

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October 10, 2024

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News Summary:

Easy-to-use, compact analyzer makes rheological insights more accessible to quality testing laboratories and material production facilities in batteries, pharmaceuticals, food, consumer goods, and other industries.Powered by RheoGuide™ Software, a streamlined, modern touchscreen user interface with built-in self-guided methods, workflows, and training applications to simplify rheological testing for all users.Superior analytical performance at an affordable price, with up to 2x better torque sensitivityi of comparable rheometers on the market.

DETROIT, Oct. 10, 2024 /PRNewswire/ — The Battery Show — Waters Corporation (NYSE:WAT) today introduced the TA Instruments™ Discovery Core Rheometer, a streamlined, modern rheometer designed for routine manufacturing quality control and assurance laboratories. The new analyzer can handle multiple material types such as battery slurries, printing inks, food, and personal care products and it features an easy-to-use touchscreen interface with self-guided training, methods, and applications for all levels of rheology users.

The Discovery™ Core Rheometer expands the company’s industry-leading rheology portfolio, providing superior performance at an affordable price over commercial viscometers and other similarly appointed rheometers, delivering up to 2x lower torque sensitivity. The compact instrument requires half the bench space of comparable modular rheometersii and owes its smaller size to the use of self-contained temperature control and electronics.

“Waters has long been a leader in high-performance rheometers, delivering superior results that inspire better decision-making. With the Discovery Core Rheometer, we’re making world-class rheological testing available to a wider number of testing labs that screen products for consistent behavior and quality,” said Jianqing Bennett, Waters Corporation Senior Vice President of the TA Instruments Division. “Designed specifically for at/in-line manufacturing quality control testing, this streamlined, modern rheometer will allow better assessment of battery electrode slurry batch performance, helping to improve overall battery outcomes while reducing waste and production costs.”

“Rheology profiling delivers a wealth of material insights beyond viscosity measurements. Rheology’s dynamic, oscillatory measurements and controlled stress profiling approaches are becoming mainstream as their value to formulators, process developers, and quality controllers becomes more apparent,” said Neil Cunningham, Founder and CEO, Centre for Industrial Rheology. “The Discovery Core Rheometer serves a significant unmet need in the marketplace for a high-performance rheometer in an accessible package, bringing the benefits of rheology and viscosity measurements to a whole new audience.”

The instrument comes equipped with the new RheoGuide™ Software user interface (UI), designed for immediate walk-up use. This UI provides self-guided training applications and pre-defined methods coupled with on-screen alerts and indicators for easier sample set-up, faster, real-time data analysis, and improved operator safety. The Discovery Core Rheometer shares methods and raw data file formats with other Discovery Hybrid Rheometers through TA Instruments TRIOS™ Software, enabling consistent measurements and data review from R&D to production.

The Discovery Core Rheometer is orderable today, with worldwide availability in Q1 2025.

Additional Resources

Learn more https://www.tainstruments.com/discovery-core-rheometerVisit us at Booth 6639 at The Battery Show Oct. 7-10, 2024, in DetroitFollow and connect with the Waters TA Instruments Division via LinkedIn, Twitter/X, and Facebook

About Waters Corporation (www.waters.com)

Waters Corporation (NYSE:WAT), a global leader in analytical instruments and software, has pioneered chromatography, mass spectrometry, and thermal analysis innovations serving the life, materials, food, and environmental sciences for more than 65 years. With approximately 7,500 employees worldwide, Waters operates directly in 35 countries, including 15 manufacturing facilities, and with products available in more than 100 countries.

TA Instruments, Discovery, TRIOS, and RheoGuide are trademarks of Waters Technologies Corporation.

Contact:

Laura Borland
Director, TA Instruments Business Communications
Waters Corporation
laura_borland@waters.com
+1.302.367.6958

i Discovery Core Rheometer has a minimum torque in oscillation (viscoelasticity) of 0.5 microN.m and a minimum torque in flow (viscosity) of 0.5 microN.m.

ii Includes industry-leading viscometers and rheometers with temperature control capabilities requiring liquid circulation.

 

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SOURCE Waters Corporation

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Ricoh Recognised as a Leader in Print Security by Quocirca for 2024

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50 mins ago

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October 10, 2024

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TOKYO, Oct. 10, 2024 /PRNewswire/ — Ricoh has once again been named a leader in the print security market, according to the latest Print Security Landscape 2024 report from Quocirca, a leading market research and insight firm. The report highlights Ricoh’s commitment to providing comprehensive, security-focused solutions to safeguard customers against the evolving threat landscape.

As more organisations shift to hybrid working models, the need for enhanced print security has become increasingly critical. Quocirca’s research shows that 67% of organisations experienced a data loss due to insecure printing practices in the past year. Against this backdrop, Ricoh’s robust portfolio of secure print services and solutions, including the flagship IM C Series A3 multifunction printers, are instrumental in protecting the data of businesses of all sizes, further solidifying Ricoh’s position as an industry leader.

Proactive Security for the Modern Workplace

Ricoh’s recognition by Quocirca reflects its proactive approach to security, integrating hardware, software, and services into a comprehensive defence strategy. As hybrid working blurs the boundaries of traditional office environments, Ricoh’s solutions address the complexities of securing both office and remote location printing environments.

“Ricoh is dedicated to helping organisations safeguard their data and infrastructure,” said Kei Uesugi, Managing Director of Ricoh Asia-Pacific. “Being named a leader in print security by Quocirca once again underscores our commitment to ensuring that businesses can operate securely, wherever their people are working.”

Key Strengths That Set Ricoh Apart

The Print Security Landscape 2024 report highlights several key strengths of Ricoh’s security offerings, including its multi-layered approach to print and document management security. Ricoh’s portfolio addresses critical areas such as device and data security, compliance with global standards, and zero-trust architecture.

Presence in approximately 200 countries and territories around the world.Significant and comprehensive security-led offerings across the hardware and solutions portfolio.Mature IT services provide a depth of security understanding.

Tailored Solutions for a Changing Landscape

With cyber risks on the rise, Ricoh has developed secure print services to meet the diverse needs of its global customer base.

The report specifically highlights Ricoh’s Cloudstream and Streamline NX print management solutions for features such as automatic updates, advanced monitoring and reporting, policy enforcement, and remediation.

Read an Excerpt of the Report:
Quocirca Print Security Landscape 2024 Excerpt

-Ends-

| About Ricoh |

Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support the digital transformation of workplaces, workspaces and optimise business performance.

Headquartered in Tokyo, Ricoh’s global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organisational capabilities nurtured over its 85-year history. In the financial year ended March 2024, Ricoh Group had worldwide sales of 2,348 billion yen (approx. 15.5 billion USD).

It is Ricoh’s mission and vision to empower individuals to find ‘Fulfillment through Work’ by understanding and transforming how people work so we can unleash their potential and creativity to realise a sustainable future.

For further information, please visit www.ricoh.com

###

© 2024 RICOH ASIA PACIFIC PTE LTD. All rights reserved. All referenced product names are the trademarks of their respective companies.

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SOURCE Ricoh Asia Pacific Pte Ltd

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