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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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Turing AI Fellow Jeff Dalton Joins Valence as Head of AI and Chief Scientist

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October 10, 2024

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Jeff Dalton has authored 100+ AI research papers and spent 20 years making search and assistants smarter. Now, he is joining Valence to oversee development of their AI-powered leadership coach—building deeper memory and context for hyper-personalized support that democratizes learning and development.

NEW YORK, Oct. 9, 2024 /PRNewswire-PRWeb/ — Valence, creator of the most widely deployed AI leadership coach for enterprise, today announced the appointment of Dr. Jeff Dalton as Head of AI and Chief Scientist. Jeff will lead ongoing development of Valence’s AI coach Nadia, which is already deployed in dozens of Fortune 500 companies and used by tens of thousands of corporate leaders.

“If we do this right, Nadia will evolve into a personalized AI coach that you can’t work without.”

There are just a handful of people in the world with as much experience as Jeff when it comes to building conversational AI for complex problems. He is the author of more than 100 research papers and holds multiple patents in search, natural language understanding, and question answering. He played a key role on the Knowledge Discovery and Assistant teams at Google, developing language understanding capabilities for the Google Assistant and building next-generation knowledge graphs for Google search. At the University of Glasgow, he led the TREC Conversational Assistance Track (CAsT), which, in partnership with the US National Institute of Standards and Technology, created one of the world’s first benchmarks of conversational search quality.

Today, Jeff holds a UKRI Turing AI Acceleration Fellowship on Neural Conversational Assistants and has received research awards from Google, Amazon, and Bloomberg. He is an Associate Professor in AI at the University of Edinburgh in the School of Informatics, where he leads the Generalized Representation and Information Learning Lab (GRILL).

“The conversational agents we have today aren’t really personal and don’t really adapt to us over the long term,” Jeff explained. “LLMs are amazing technology, but still largely used for simple tasks like writing email or Q&A. How do we create next-generation AI agents that know us well enough to proactively help us with all of our tasks?”

Context is critical, and it’s what sets Valence’s Nadia apart as the only high-context AI work coach. Nadia has extensive context about each employee and the company and uses that to tailor expert guidance to individual employees and situations. At Valence, Jeff will lead development with a focus on building even deeper context and stronger memory for Nadia.

“What I love about Jeff’s background is that his experience is very practical. It’s about taking the research and delivering something valuable for users both immediately and for years down the road. Everyone deserves a great coach, and Jeff will help us deliver personalized, AI-powered support and guidance that creates better leaders and better companies,” said Valence CEO Parker Mitchell.

“Where are you in your career? Where do you want to get to next? What career skills have you learned recently? Context like this will allow Valence’s AI coach to learn about you with each interaction, become a seamless part of workflows, and provide world-class guidance that helps leaders grow. If we do this right, Nadia will evolve into a personalized AI coach that you can’t work without,” said Jeff.

ABOUT VALENCE

Valence is on a mission to unlock human potential across the entire workforce of any organization. Founded in 2018, the company began by offering software to support managers to improve team performance and help teams work better together. In 2022, Valence recognized the potential of LLMs to unlock the ultimate goal of personalized support at scale. They began offering an AI-powered leadership coach that provides individuals with guidance and support unique to their needs, and is affordable enough to scale to every single employee.

Two years on, Valence’s AI coach, Nadia, is the most widely deployed AI leadership coach for enterprise. Nadia integrates seamlessly with company values and leadership frameworks and builds context about each individual employee for personalized learning and development at scale for every career stage. It is technology that puts the world’s best executive coach in the pocket of every leader, manager, and employee.

The company raised its Series A in May 2022, led by Insight Partners.

Media Contact

Kira Luscher, Valence, 1 4154072994, kira@valence.co, https://www.valence.co/

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SOURCE Valence

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Hyundai Motor Celebrates Production Milestone of 100 Million Vehicles with ‘One step further’ Exhibition

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October 10, 2024

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Exhibition showcases driving forces behind achieving global production of 100 million vehicles and thanks customers for their unwavering supportJourney begins with first model ‘Cortina Mark 2’ and the Pony, Hyundai Motor’s first independently developed modelThree iconic models ‒ SONATA, ELANTRA and Scoupe – highlight Hyundai’s drive to go ‘one step further’ in design, production and engineeringModern SUV and EV lineups reinforce Hyundai Motor’s transformation from traditional automaker to smart mobility solutions provider

SEOUL, South Korea, Oct. 9, 2024 /CNW/ — Hyundai Motor Company is marking its historic achievement of producing 100 million vehicles worldwide with the grand opening of its ‘One step further’ exhibition at Hyundai Motorstudio Seoul. The exhibition showcases the driving forces behind the 100-million-unit production milestone and conveys Hyundai’s gratitude to those customers who have been part of the journey.

This exhibition is a continuation of the 100 million production celebration held at Hyundai Motor’s Ulsan Plant on September 30. At that event, the company delivered the 100 million and first vehicle, an IONIQ 5, to its new owner, representing the brand’s gratitude to its customers for their unwavering support.

“It takes thousands of parts and pieces to build a car, with combined efforts of millions of people involved in R&D, design and manufacturing over many years,” said Sungwon Jee, Senior Vice President and Global Chief Marketing Officer at Hyundai Motor Company. “We wanted to shed light on these behind-the-scenes efforts that went into producing 100 million vehicles and tell the story of Hyundai Motor’s transformation from a traditional automaker to a leading smart mobility solutions provider.”

Spanning five floors, the exhibition begins on the first floor by introducing the Cortina Mark 2, Hyundai Motor’s first production model; and the Pony, Hyundai Motor’s first independently developed model. The exhibition continues on the second floor where the history of major Hyundai Motor plants is showcased.

The third floor highlights key drivers in achieving the 100 million production milestone, focusing on three iconic models: the first-generation SONATA, the first-generation ELANTRA and Scoupe.

The fourth and fifth floors feature the brand’s modern SUV lineup – SANTA FE, KONA and INSTER; and electric vehicle (EV) lineup – IONIQ 5, IONIQ 5 N and IONIQ 6, looking ahead to Hyundai Motor’s future as it moves forward from a traditional automaker to a smart mobility solutions provider.

Visit Hyundai Newsroom for more information

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SOURCE Hyundai Motor Company

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Acer Medical: VeriOsteo OP Obtains Medical Device Approval from Indonesia’s Ministry of Health

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October 10, 2024

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TAIPEI, Oct. 10, 2024 /PRNewswire/ — Acer Medical announced that its AI-assisted bone mineral density abnormalities screening software, VeriOsteo OP, has obtained a medical device certificate from Indonesia’s Ministry of Health. This marks the second product to receive registration approval, following the certification of the VeriSee DR, an AI-assisted diagnostic solution for diabetic retinopathy VeriSee DR.

VeriOsteo OP analyzes bone mineral density (BMD) through X-ray images, calculates the bone mineral density (BMD) and to predict T-score and assists doctors in assessing potential BMD abnormalities. The software offers both medical professionals and patients with quick results and appropriate treatment options.

Indonesia has a population of more than 200 million, making it the fourth-largest country in the world. Their elderly population of approximately 16 million is susceptible to abnormal bone density. Due to low awareness of the disease, many forego or delay seeking medical treatment, missing the critical period for early intervention.

Acer Medical, a subsidiary of the Acer Group, specializes in leveraging artificial intelligence (AI) and software development to produce medical imaging devices for early and preventive disease detection. The company is dedicated to developing smart medical software and hardware solutions based on AI-driven medical imaging technologies to enhance the diagnostic process. To date, Acer Medical’s AI medical imaging products have obtained 12 medical device certifications in Taiwan and have been successfully implemented in over 300 medical institutions.

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SOURCE Acer Medical Inc.; Acer

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