ID: MRFR/IA - E/5430-HCR | 185 Pages | Author: Sakshi Gupta | June 2023
Smart Air Purifier Market Size was valued at USD 5.9 Billion in 2022. The Smart Air Purifier market industry is projected to grow from USD 6.63 Billion in 2023 to USD 17.05 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.52% during the forecast period (2023 - 2032). Increasing demand for a better lifestyle and excessive smoke forming in household cooking are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The rising demand in emerging markets drives market CAGR for smart air purifier. Rapid urbanization, increasing disposable incomes, and rising awareness of air pollution-related health issues are raising the adoption of these devices in these regions. Consumers are increasingly seeking effective solutions to combat indoor air pollution in different regions where air pollution is a significant concern. Smart air purifiers that monitor and manage air quality in real time are becoming popular among consumers. To tap into these emerging markets, manufacturers are developing affordable smart air purifier models that cater to consumers' specific needs and preferences in these regions. Localization of features, language support, and customization options are strategies to capture the growing demand in these markets.
The smart home concept has also gained significant traction in recent years, and smart air purifiers have become an integral part of this ecosystem. Manufacturers are increasingly focusing on developing smart air purifiers that integrate seamlessly with other smart home devices, such as thermostats, humidity sensors, and voice assistants. Integration with smart home ecosystems allows users to control their air purifiers using voice commands or smartphone apps. For instance, when the humidity level rises, the air purifier can automatically adjust its operation to maintain optimal indoor air quality.
One notable trend in the smart air purifier market is integrating artificial intelligence and machine learning algorithms into these devices. AI and ML integration enables smart air purifiers to provide personalized air quality management solutions. These devices can learn users' preferences for air quality levels, filter usage, and operational modes, offering tailored purification settings accordingly.
For instance, the Smart Air Purifier Market is witnessing significant developments driven by advancements in AI and machine learning, the expansion of smart home ecosystems, and the growing demand in emerging markets. Integrating these devices into smart home ecosystems provides users seamless control and automation options, driving the Smart Air Purifier market revenue.
The Smart Air Purifier Market segmentation, based on type, includes dust collectors, fume & smoke collectors, and others. The dust collectors segment dominated the market. Dust collectors are designed to remove airborne particles such as dust and pollen from the air. These cleaners use HEPA filters to trap even the smallest particles. They are effective in reducing allergies and asthma symptoms.
The Smart Air Purifier Market segmentation, based on technology, includes HEPA, activated carbon filtration, and others. The HEPA category generated the most income. High-Efficiency particular air filters can remove up to 99% of particles in the air, including dust, pollen, and bacteria.
The Smart Air Purifier Market segmentation, based on application, includes residential, commercial, and others. The residential segment dominated the market as people became more aware of the health risks associated with indoor air pollution.
The Smart Air Purifier Market segmentation, based on sales channels, includes OEM and aftermarket. The OEM category generated the most income. They are becoming popular due to the convenience of shopping from home. Many companies now sell their smart air purifiers online through their websites or e-commerce platforms.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Smart Air Purifier market will grow significantly, owing to the growing consumer awareness about the opposing effects of air pollution on health and the increasing adoption of smart home technologies. The United States is a higher contributor to the North American market, driven by rising concerns about indoor air quality and the presence of well-established manufacturers offering a wide range of smart air purifier products.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SMART AIR PURIFIER MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Smart Air Purifier market accounts for the rapid market share due to the increase in focus on improving indoor air quality, driven by stringent government regulations and rising consumer consciousness. Major players and advancements in air purification technologies characterize the European market. Further, the German Smart Air Purifier market held the largest market share, and the UK Smart Air Purifier market was the fastest-growing market in the European region.
The Asia-Pacific Smart Air Purifier Market will dominate the CAGR from 2023 to 2032. It is due to the increasing disposable income and changing lifestyles in the region also contribute to the market growth. Moreover, China’s Smart Air Purifier market held the largest market share, and the Indian Smart Air Purifier market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Smart Air Purifier market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Smart Air Purifier industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Smart Air Purifier industry to benefit clients and increase the market sector. The Smart Air Purifier industry has offered some of the most significant medical advantages in recent years. Major players in the Smart Air Purifier market include Honeywell International Inc. (US), Xiaomi (China), LG Electronics (South Korea), Blueair (Romania), and COWAYCO.LTD. (South Korea), Koninklijke Philips N.V (Netherlands), Sunbeam Products Inc. (US), Sharp Electronics Corporation (US), Alencorp (US), Whirlpool Corporation (US), and others are attempting to increase market demand by investing in research and development operations.
Samsung Group, also known as Samsung, founded in 1938, located in Samsung Town, Seoul, South Korea, is a South Korean international manufacturing company. It has the eighth-highest global brand value. It is the largest South Korean company which comprises numerous businesses under the Samsung brand. In November 2022, Samsung, the South Korean tech brand, launched its latest range of loT-enabled air purifiers in India. Samsung's AX46 and AX32 air purifiers will be available in Beige and Grey colors on Samsung.com and Samsung exclusive stores. The new air purifiers - AX46 and AX32 - have been designed to remove 99.97 percent nano-sized particles, ultrafine dust, bacteria, and allergens. The new air purifiers from Samsung can also destroy potentially dangerous volatile organic compounds, including formaldehyde.
Hamilton Beach Brands Holding Company, founded in April 1910, located in Glen Allen, Virginia, US, is an American designer, marketer, and distribution company of home appliances and restaurant equipment in the United States and Canada which includes slow cookers, mixers, blenders, air purifiers and many more. In April 2022, Hamilton Beach Brands, Inc., a wholly-owned subsidiary of Hamilton Beach Brands Holding Company, propounded the products in a new line of premium air purifiers under the Clorox® brand name as part of the multiyear trademark licensing agreement with The Clorox Company.
November 2021 Aeris Cleantech AG, a fast-growing manufacturer of luxury air purifiers, was bought by iRobot Corp., a robotics market leader.
April 2022 Israel-based Aura Air introduced intelligent air purifiers to increase its retail footprint in India. Aura Air is entering the Indian market, especially as customers recognise the value of investing in an all-encompassing air filtering system. It has introduced Internet of Things (IoT)-enabled smart air purifiers that can provide real-time information on the air quality in both indoor and outdoor areas.
Report Attribute/Metric | Details |
Market Size 2022 | USD 5.9 Billion |
Market Size 2023 | USD 6.63 Billion |
Market Size 2032 | USD 17.05 Billion |
Compound Annual Growth Rate (CAGR) | 12.52% (2023-2032) |
Base Year | 2022 |
Market Forecast Period | 2023-2032 |
Historical Data | 2018- 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Technology, Application, Sales Channel, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Honeywell International Inc. (US), Xiaomi (China), LG Electronics (South Korea), Blueair (Romania), and COWAYCO.LTD. (South Korea), Koninklijke Philips N.V. (Netherlands), Sunbeam Products Inc. (US), Sharp Electronics Corporation (US), Alencorp (US), and Whirlpool Corporation (US). |
Key Market Opportunities | The launch of new products and research & development among major companies. |
Key Market Dynamics | Growing concerns to eliminate diseases and airborne particles. |
The global Smart Air Purifier market size was valued at USD 5.9 Billion in 2022.
The global market is projected to grow at a CAGR of 12.52% during the forecast period, 2023-2032.
Asia-Pacific held the largest share of the global market
The key players in the market are Honeywell International Inc. (US), Xiaomi (China), LG Electronics (South Korea), Koninklijke Philips N.V (Netherlands), Sharp Electronics Corporation (US), Alencorp (US), Whirlpool Corporation (US).
The dust collectors category dominated the market in 2022.
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