Smart Air Purifier Market size is projected to be worth USD 12.34 Billion by 2028, registering a CAGR of 12.52% during the forecast period (2021 - 2028), The market was valued at USD 5.47 billion in 2020.
High efficiency particulate filters are majorly being used .Today, the global pollution levels are on a high verge. As the increasing demand for better lifestyle and increasing health concerns majorly in Asia-Pacific countries. Increasing pollution leading to skin allergies, chronic diseases and growing concerns to eliminate airborne particles. Additionally , air pollution caused due to excessive smoke forming in the household cooking is expected to drive the Market growth. However, low awareness about the smart air purifiers is a biggest challenge faced by the smart air purifiers Market.
For the purpose of this study, the global smart air purifier Market has been divided into four segments such as by type, technology, application & sales channel. On the basis of type, the Market has been segmented as dust collectors, fume & smoke collectors ,& others. Among the dust collectors segment accounts the largest Market share. Dust collector is majorly absorbing the overall dust & dirt particles in the surroundings
On the basis of technology, the Market has been segmented as High-efficiency particulate air filters (HEPA) , activated carbon filtration and others. High-efficiency particulate air (HEPA) segment dominates the technology segment of the Market and is expected to grow at a highest CAGR during the forecast period. HEPA filters are used for protecting humans from airborne bacteria’s and viral organisms. Majorly this application can be used in hospitals.
On the application, the Market has been segmented as residential, commercial & others. Residential dominates the application segment of the Market and is expected to grow at the highest CAGR during the forecast period. Rise in demand for comfort in emerging countries will increase Market growth. Moreover, increasing pollution levels globally are expected to contribute significantly during the forecast period. On the basis of sales channel, the Market has been segmented into OEM and AfterMarket. OEM dominates the sales channel segment.
The prominent players in the smart air purifier Market include Honeywell International Inc(US), Xiaomi (China) , LG Electronics (South Korea), Blueair (Romania), COWAYCO.,LTD.(South Korea), Koninklijke Philips N.V (Netherlands) , Sunbeam Products, Inc(US). Sharp Electronics Corporation (US). Alencorp (US),and Whirlpool Corporation (US).
Leading Swedish flatpack giant, IKEA has launched two new Starkvind devices- a side table model and a floor-standalone air purifier.
Geographically, the smart air purifier Market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Asia-Pacific has accounted for the largest Market share in 2017 followed by North America and Europe. The rapid growing industrialization with increasing pollution levels is driving the growth of the Market in Asia-Pacific. Additionally, economic development that leads to better healthy lifestyle also have the positive influence on the growth of the Market..
Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rapidly growing industrialization in the region driving the demand of the Market. Qatar , UAE , China and India, are the major Market in Asia Pacific. Rising pollution levels is also expected to drive the Market growth. In the rest of the world, Middle East is expected to contribute significantly during the forecast period.
Smart air purifier not only purifies the air in the surroundings but is also used for they come with a special smartphone app that provides live readings of air quality data. These apps enable to track a room’s air quality over a few days or weeks, that shows you at which times of day the air quality is the best and what time its worst. This helps you to determine which types of toxins or impurities are more widespread inside your home. These apps monitor and measure airborne particles in your home and deliver that data to you in real-time.
The report for global smart air purifier Market of Market research future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the Market and industry performance. The report gives the clear picture of current Market scenario which includes historical and projected Market size in terms of value and volume, technological advancement, macro economical and governing factors in the Market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different Market segments and regions.
|CAGR||12.52% CAGR (2022 - 2030)|
|Forecast Period||2022 - 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type , Technology and Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Honeywell International Inc(US), Xiaomi (China) , LG Electronics (South Korea), Blueair (Romania), 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||New product launches and R&D Amongst major key Players|
|Key Market Drivers||
The global smart air purifier market is expected to record a substantial market valuation due to the increasing demand for better lifestyle, growing pollution across the globe.
The global smart air purifier market is projected to register a 12.52% CAGR in the forecast period.
The dust collector segment is slated to expand as the fastest-growing segment.
The high-efficiency particulate air (HEPA) segment is slated to expand as the fastest-growing segment.
A few major market players operating in the global smart air purifier market are Samuel Smart air purifier Group. (U.S.A), Smart air purifiers (India), Westinghouse Electric Company LLC. (U.S.A) and others.