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1-Market Problem

Perfect Purifiers LLC aims to address the market problem of noisy air purifiers by developing a 'Perfect Purifier' that operates quietly, targeting high-priority segments such as families and residential consumers. The global air purifier market is projected to reach $28.8 billion by 2032, with Perfect Purifiers LLC aiming for a 5% market share within five years. Key features include ultra-quiet operation, HEPA filtration, and smart technology, with distribution through both online and offline channels.

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Peter So
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0% found this document useful (0 votes)
82 views2 pages

1-Market Problem

Perfect Purifiers LLC aims to address the market problem of noisy air purifiers by developing a 'Perfect Purifier' that operates quietly, targeting high-priority segments such as families and residential consumers. The global air purifier market is projected to reach $28.8 billion by 2032, with Perfect Purifiers LLC aiming for a 5% market share within five years. Key features include ultra-quiet operation, HEPA filtration, and smart technology, with distribution through both online and offline channels.

Uploaded by

Peter So
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Here's a summary of the deliverables for Perfect Purifiers LLC, based on the provided scenario

and search results:

Market Problem/Opportunity: The primary market problem is that existing air purifiers generate
disturbing noise levels, which is a barrier to adoption, especially in noise-sensitive environments
like bedrooms and living rooms5. This presents the opportunity to develop a "Perfect Purifier" that
operates with significantly reduced or inaudible noise, offering a more comfortable and unobtrusive
air purification experience.

Define and prioritize market segments:

1. Housewives/Families: (High Priority) These consumers are highly concerned about indoor
air quality for their children and family members in the residential segment. They seek a
quite environment2.

2. Residential: (High Priority) The residential segment is projected to register the highest
CAGR due to rising disposable incomes and increasing focus on healthy home
environments2.

3. Commercial: (Medium Priority) The commercial segment accounts for the largest share of
the air purifier market, driven by stringent government regulations and public awareness of
health risks related to poor air quality.

4. People with Allergies/Asthma: (Medium Priority) Rising cases of asthma, allergies, and
COPD are leading to increased adoption of air purifiers to alleviate symptoms5.

Define initial financial projections:

• The global air purifier market is projected to reach $28.8 billion by 2032, growing at a CAGR
of 8.9% from 2025-20329.

• Perfect Purifiers LLC aims to capture 5% of the market share within five years, focusing on
the quiet operation.

Define market window:

• The market window is now (2025) to 2030. The air purifier market is experiencing substantial
growth, driven by rising pollution levels and airborne diseases. Entering the market now
allows Perfect Purifiers LLC to capitalize on this increasing demand.

Describe the competitive landscape with at least two competitors:

1. Dyson: Dyson is a key player known for its innovative air purifiers with HEPA filters2. Dyson
launched Purifier Big+Quiet with HEPA-H13 grade particle filter for rooms as large as 1,000
sq. ft.2.

2. LG Electronics Inc.: LG offers air purifiers like the LG PuriCare AeroFurniture with a 360°
HEPA filter for residential use2.

Define features and functionality:


• Ultra-Quiet Operation: Noise level below 20 decibels.

• HEPA Filtration: HEPA filters are the gold standard for capturing airborne particles5.

• Smart Technology: Integration with smart home systems and mobile app control.

• Energy Efficiency: Energy-efficient appliances are increasingly focused on2.

• Coverage Area: Air purifiers for coverage area between 300-600 sq ft. are suitable for living
rooms, larger bedrooms or small to medium sized commercial spaces5.

Define market logistics:

• Distribution Channels:

• Online: E-commerce platforms.

• Offline: Retail partnerships with appliance stores, electronics stores, and home
goods retailers.

Define at least two KPIs:

1. Customer Satisfaction: Measured by customer reviews, ratings, and feedback surveys.

2. Market Share: Percentage of total air purifier sales captured by Perfect Purifiers LLC.

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