Blue Ocean Global acquires Fanvil, Honeywell Evaporative Air Cooler and Aeris Air Purifiers

Shazad AhmedBlue Ocean Global Group, Dubai-based global distributor of telecom, electronics and small domestic appliances, has announced the acquisition of three international brands

These are Fanvil, a VoIP telephone brand, Honeywell Evaporative Air Cooler and Aeris Air Purifiers. These products join a number of popular brands in the company’s growing distribution portfolio.

The global mobile VoIP market size was estimated at US$57.5bn in 2019 and is expected to reach US$69.3bn in 2020, according to a report. The global air purifier market size is growing at 10.8 per cent and expected to reach US$18.21bn by 2027, according to a new report published by Grand View Research. Factors, such as the rising air pollution along with awareness pertaining to the benefits associated with air purifier are expected to fuel the growth.

Shahzad Ahmed, chairman and CEO of Blue Ocean Group, said, “The acquisition of three new global brands within our growing network will help us strengthen our position as a major player in the wholesale and distribution business in the region, despite the challenging economic situation.”

“We are introducing three new distinct products, especially Honeywell Air Coolers and Aeris Air Purifiers to this market at a time when the world is reeling from the COVID-19 virus pandemic that focuses on the air quality and calls for cleaner in-house air circulation for healthy life.”

Among new products, Honeywell Evaporative Air Coolers are set to provide environmentally-friendly and cost-friendly cooling option for home or office. 

Rising concern for airborne diseases is driving the air purifiers market, according to market research reports. An increase in health issues such as asthma, allergies and other breathing disorders due to airborne diseases encourages the consumers to invest in air purifiers at commercial and residential locations.

For instance, in 2018, as per the estimates of the World Health Organisation (WHO), 90 per cent of people across the globe breathe air containing high levels of pollutants. According to the US Centres for Disease Control and Prevention, in 2018, 19.2 million adults in the USA aged 18 and above had asthma. 

“Air circulation and air quality has become a cause for concern for all of us. Many families have started installing air coolers and air purifiers at home to deal with the rising threat of air pollution, germs and viruses,” Shahzad Ahmed added.

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