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2022
Smart Air Purifiers Market

Smart Air Purifiers Market By Product Type (Dust Collectors, Fume and Smoke Collectors, Others), By Technique (High-efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Purifiers, Activated Carbon Filtration, Others), By End User (Residential, Commercial, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

A04610
Pages: 253
May 2022 | 20806 Views
Author(s) : Amar Chinchane , Onkar Sumant
Tables: 143
Charts: 49
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Smart Air Purifiers Market Research, 2030

The global smart air purifiers market size was valued at $5.5 billion in 2020, and is projected to reach $14.4 billion by 2030, growing at a CAGR of 10.1% from 2021 to 2030. Smart air purifier is an upgraded version of traditional air purifier, which is used for automatic air purification across different end users. It is connected with wireless networks, such as Wi-Fi and Bluetooth, and can be remotely operated by using an app on smartphones.

The COVID 19 outbreak has affected the growth of the smart air purifier industry owing to the lockdown measure in different countries and delay in manufacturing and production of smart air purifier

 

Smart Air Purifiers Market, Smart Air Purifiers Industry, Smart Air Purifiers Market Size, Smart Air Purifiers Market Growth, Smart Air Purifiers Market Trends, Smart Air Purifiers Market Analysis, Smart Air Purifiers Market Share, Smart Air Purifiers Market Forecast, Smart Air Purifiers Market Opportunity

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The major benefit of a smart air purifier is that users can track and control indoor air quality and change basic settings through smartphones. Moreover, increase in awareness regarding adverse effects of pollution on health encourages various electronics companies to develop advanced air purifiers. Moreover, rise in need to remove fine airborne particles and germs in commercial spaces, offices, and homes, including living rooms, bedrooms, kitchens, and bathrooms drive the demand for smart air purifiers across the globe.

Smart Air Purifiers Market
By Product Type

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Dust Collectors segment is projected to grow at a significant CAGR

Rise in demand for dust collecting smart air purifiers can be attributed to its features such high filtering efficiency and low maintenance cost. In addition, increase in manufacturing and construction activities around the globe has triggered demand for smart air purifiers. For instance, in March 2020, EIB (European Investment Bank) based in Luxembourg announced to invest EUR 250 million on affordable housing in France. This kind of developments are expected to result into growth of the construction sector, which fuels smart air purifiers market growth.

The COVID-19 pandemic forced many companies in the global smart air purifiers market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the air filters market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdown for several months affected the smart air purifiers market share and the market is anticipated to witness a slow recovery during the forecast period.

Smart Air Purifiers Market
By End User

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Residential segment holds dominant position in 2020

The residential segment has been witnessing increase in demand for smart air purifiers from past few years, owing to its ease of operation and high efficiency in purifying virus, bacteria, pollen, pet dander, and smoke during cooking. In addition, rise in adoption of smart air purifiers in the residential sector is expected to increase in the future, owing to rise in pollution levels in urban areas of countries such as India and China. For instance, in October 2020 HEI (Health Effects Institute) based in the U.S. published a report, State of Global Air 2020.

Smart air purifiers are widely used in urban areas for residential applications. Increase in emission of harmful particulate matter due to rapid urbanization and increase in construction activities have enforced people and organizations to seek for means to mitigate the impact of indoor and outdoor pollution on humans. Increase in production of vehicles and rapid urbanization have caused pollution to reach alarming levels. Indoor spaces, such as residential houses, small-sized commercial/industrial units, and others are the key areas for usage and installation of smart air purifiers. Furthermore, increase in industrialization across the globe degrades the quality of air, which fuels the need for these purifiers, thereby boosting the market growth. However, some air purifiers produce ozone, which is hazardous to environment as well as to humans, thus hindering the growth of the market.

The smart air purifiers market is segmented into type, technique, end user, and region. By type, the market is categorized into dust collectors, fume & smoke collectors, and others. In 2020, the fume & smoke collectors segment dominated the global smart air purifiers market, in terms of revenue, and dust collector is expected to maintain this trend in the coming years. On the basis of technique, the market is fragmented into high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, filter, activated carbon-polarized media photocatalytic oxidation (PCO), ionizer purifiers, and others. The high-efficiency particulate air (HEPA) segment is anticipated to dominate the market during the forecast period. The end user segment is fragmented into residential, commercial, and others.

Smart Air Purifiers Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

North America holds a dominant position in 2020 and Asia-Pacific is expected to grow at a significant rate during the forecast period.

Growth in demand for installation of smart air purifiers from past few years can be attributed to rise in awareness regarding effects of air pollution on environment and health of an individual. In addition, rise in deaths, owing to air pollution has also triggered demand for smart air purifiers in Asia-Pacific.

By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The North America region has dominated the market in 2020 and Asia-Pacific is expected to register highest CAGR during the forecast period.

Competition Analysis

Key companies profiled in the smart air purifiers market report include Coway Co., Ltd., Dyson Technology Limited, Honeywell International Inc., Levoit, LG Electronics Inc., Xiaomi Corporation, Koninklijke Philips N.V., Sharp Corporation, Unilever PLC (Blueair AB), Winix Inc. Key players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand competitive outlook of the smart air purifiers market opportunity.

 

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging smart air purifiers market trends and dynamics. 
  • In-depth market analysis is conducted by the smart air purifiers market estimations for key market segments between 2020 and 2030.
  • The smart air purifiers market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The smart air purifiers market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the smart air purifiers industry.

Key Market Segments

  • By Product Type
    • Dust Collectors
    • Fume and Smoke Collectors
    • Others
  • By Technique
    • Activated Carbon Filtration
    • Others
    • High-efficiency Particulate Air (HEPA)
    • Thermodynamic Sterilization System (TSS)
    • Ultraviolet Germicidal Irradiation
    • Ionizer Purifiers
  • By End User
    • Residential
    • Commercial
    • Others
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Rest of Europe
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa


Key Market Players

  • Coway Co., Ltd
  • Dyson Technology Limited
  • Honeywell International Inc
  • Levoit
  • LG Electronics Inc
  • Xiaomi Corporation
  • Koninklijke Philips N.V
  • Sharp Corporation
  • Unilever PLC
  • Winix Inc
 

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The Asia-Pacific smart air purifiers market region is growing with significant CAGR owing to the rise in awareness regarding effect of air pollution on human health. Rapid industrialization and urbanization in developing countries such as India, China, and Brazil has resulted into increase in industrial and construction activities, which has resulted into rise in air pollution level. This is expected to propel growth of the smart air purifiers market during the forecast period. In addition, growth in population around the globe is expected to result into the need for residential accommodations, which may lead to air pollution, owing to increase in construction activities, which further leads to rise in demand for smart air purifiers during the forecast period. Further, rise in disposable income in countries such as India, China, Brazil, and Sri Lanka has resulted into improved standards of living, which has made people to invest more in high-end products such as smart air purifiers. This is expected to accelerate growth of the smart air purifiers market during the forecast period. Furthermore, players in the market are working to develop cost effective and efficient smart air purifiers to capture the market, which is expected to boost growth of smart air purifiers during the forecast period.

Players operating in the market have adopted acquisition, partnership, and product launch as their key growth strategies to gain a stronger foothold. For instance, in October 2020, Koninklijke Philips based in the Netherlands has launched new series of smart air purifiers known as “Urban Living”. Purifiers in this series are equipped with proprietary technologies, AeraSense ¬ ¬and ¬VitaShield Intelligent Purification System technology. Company claims that these purifiers are able to filter particulate matter of size 0.003 microns and has filtering efficiency of 99.7%..

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FREQUENTLY ASKED QUESTIONS?

A. The global smart air purifiers was valued at $5,472.4 million in 2020

A. The global smart air purifiers is projected to reach $14,362.7 million by 2030, growing at a CAGR of 10.1% from 2021 to 2030..

A. North America holds the maximum market share of the Smart air purifiers market?

A. Rise in air pollution level, and increase in urbanization in developing countries are the key trends in the smart air purifiers market.

A. The product launch is key growth strategy of smart air purifiers industry players.

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