The global smart air purifiers market was valued at $3,096.8 billion in 2022, and is projected to reach $4,919.7 billion by 2032, registering a CAGR of 4.6% from 2023 to 2032
Smart air purifier is a modernized version of conventional air purifier that includes smart technology and connecting features. To remotely monitor and manage air quality, it makes use of built-in sensor, Wi-Fi or Bluetooth connectivity and mobile applications.
Rapid urbanization has led to a rise in construction activity, which has led to an increase in air pollution levels in nations such as India, China, Vietnam, Brazil, and Russia. Additionally, dangerous pollutants including carbon monoxide, nitrogen oxides, sulfur oxides, and volatile organic compounds (VOCs), which are created by industries and have a negative impact on human health, are harming metropolitan areas. For instance, statistics from the Indian CPCB (Central Pollution Control Board) exhibit that industrial emissions account for 18.6% of the air pollution in Delhi. These elements have driven individuals and organizations to look for strategies to lessen the effects of both indoor and outdoor air pollution. During the forecast period, this is anticipated to fuel market expansion for smart air purifiers.
Moreover, the majority of intelligent air purifiers in the market nowadays produce ozone, which has a high level of reactivity. When breathed in, ozone causes chest pain, coughing, throat infections, and lung infections. Additionally, it weakens the body's immune system, which makes it less able to fight off infections. Therefore, regulatory agencies have implemented strict limits for the usage of smart air purifiers as a result of these unwanted effects. Additionally, a lot of regional companies in the market for smart air purifiers do not adhere to production standards, which leads to ineffective air purifiers. Thus, each of these reasons inhibits the market for smart air purifiers from expanding.
Contrarily, owing to rise in population and increase in construction activities has enforced people and organizations to seek for means to mitigate the impact of indoor and outdoor pollution on humans, which is expected to boost the market during the forecast period. A number of players are expanding their business globally, owing to an increased customer base, enhanced effective operations, and developed product portfolios. This is anticipated to fuel the growth of the global smart air purifiers market during the forecast period.
The smart air purifiers market is segmented on the basis of type, technique, end user, and region. By type, the market is segmented into dust collectors, fume & smoke collectors, and others. In 2020, the fume & smoke collector segment accounted for the largest share of the overall smart air purifiers market.
On the basis of technique, the market is categorized into high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, ionizer purifiers, activated carbon filtration, and others. The high-efficiency particulate air (HEPA) segment held the largest market share of the smart air purifiers market in 2020. By end user, the smart air purifiers market is segmented in residential, commercial, and others. The residential segment held the largest market share in 2020. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2020 and Asia-Pacific is expected to register the highest growth in the market during the forecast period
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In 2022, North America was the key shareholder, and is anticipated to secure a leading position during the forecast period.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2032.
Extensive analysis of the smart air purifier market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The key market players within the smart air purifier market are profiled in this report and their strategies are analyzed thoroughly, to understand the competitive outlook of the smart air purifier industry.
Smart air purifier is a modernized version of conventional air purifier that includes smart technology and connecting features. To remotely monitor and manage air quality, it makes use of built-in sensor, Wi-Fi or Bluetooth connectivity and mobile applications.
Rapid urbanization has led to a rise in construction activity, which has led to an increase in air pollution levels in nations such as India, China, Vietnam, Brazil, and Russia. Additionally, dangerous pollutants including carbon monoxide, nitrogen oxides, sulfur oxides, and volatile organic compounds (VOCs), which are created by industries and have a negative impact on human health, are harming metropolitan areas. For instance, statistics from the Indian CPCB (Central Pollution Control Board) exhibit that industrial emissions account for 18.6% of the air pollution in Delhi. These elements have driven individuals and organizations to look for strategies to lessen the effects of both indoor and outdoor air pollution. During the forecast period, this is anticipated to fuel market expansion for smart air purifiers.
Moreover, the majority of intelligent air purifiers in the market nowadays produce ozone, which has a high level of reactivity. When breathed in, ozone causes chest pain, coughing, throat infections, and lung infections. Additionally, it weakens the body's immune system, which makes it less able to fight off infections. Therefore, regulatory agencies have implemented strict limits for the usage of smart air purifiers as a result of these unwanted effects. Additionally, a lot of regional companies in the market for smart air purifiers do not adhere to production standards, which leads to ineffective air purifiers. Thus, each of these reasons inhibits the market for smart air purifiers from expanding.
Contrarily, owing to rise in population and increase in construction activities has enforced people and organizations to seek for means to mitigate the impact of indoor and outdoor pollution on humans, which is expected to boost the market during the forecast period. A number of players are expanding their business globally, owing to an increased customer base, enhanced effective operations, and developed product portfolios. This is anticipated to fuel the growth of the global smart air purifiers market during the forecast period.
The smart air purifiers market is segmented on the basis of type, technique, end user, and region. By type, the market is segmented into dust collectors, fume & smoke collectors, and others. In 2020, the fume & smoke collector segment accounted for the largest share of the overall smart air purifiers market.
On the basis of technique, the market is categorized into high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, ionizer purifiers, activated carbon filtration, and others. The high-efficiency particulate air (HEPA) segment held the largest market share of the smart air purifiers market in 2020. By end user, the smart air purifiers market is segmented in residential, commercial, and others. The residential segment held the largest market share in 2020. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America dominated the market in 2020 and Asia-Pacific is expected to register the highest growth in the market during the forecast period
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In 2022, North America was the key shareholder, and is anticipated to secure a leading position during the forecast period.
COMPETITION ANALYSIS
The key players profiled in the smart air purifier 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), and Winix Inc.KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current trends, future estimations, and dynamics of the smart air purifier market.In-depth market analysis is conducted by constructing market estimations for the key market segments between 2022 and 2032.
Extensive analysis of the smart air purifier market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
The key market players within the smart air purifier market are profiled in this report and their strategies are analyzed thoroughly, to understand the competitive outlook of the smart air purifier industry.
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Key Market Segments
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
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Coway Co. Ltd.
- Dyson Technology Limited
- Honeywell International Inc
- Koninklijke Philips N.V
- Levoit
- LG Electronics Inc.
- Sharp Corporation
- Unilever PLC
- Winix Inc
- Xiaomi Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SMART AIR PURIFIERS MARKET, BY PRODUCT TYPE
CHAPTER 5: SMART AIR PURIFIERS MARKET, BY TECHNIQUE
CHAPTER 6: SMART AIR PURIFIERS MARKET, BY END USER
CHAPTER 7: SMART AIR PURIFIERS MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the smart air purifiers market was valued at $5.5 billion in 2020, and is estimated to reach $17.7 billion by 2032, growing at a CAGR of 10.1% from 2023 to 2032.Smart air purifiers work by collecting information about the air quality from specialized monitoring sensors on the devices and providing alarms when the air quality levels change. Users can manage these purifiers using smartphone apps that enable precise adjusting of the air cleaning settings.
The increased public awareness of the harmful impacts of pollution on health has prompted a number of electronics manufacturers to release cutting-edge air purifiers. Due to the rise in per capita income in emerging nations, people have also grown more technologically minded and are more likely to spend a lot of money on high-end items like smart air purifiers. But as the number of fatalities linked to air pollution has soared, worries about its effects on human health have risen. For instance, according to the World Health Organization, air pollution contributed to 15 million deaths globally in 2021. Moreover, because more people are becoming aware of how bad air pollution is for human health. the adoption of smart air purifiers is anticipated to increase throughout the forecast period.
However, Ozone, which has a high level of reactivity, is produced by the majority of smart air purifiers on the market. When breathed in, ozone causes chest pain, coughing, throat infections, and lung infections. Additionally, it weakens the body's immune system, which makes it less able to fight off infections. Therefore, regulatory agencies have implemented strict limits for the usage of smart air purifiers as a result of these unwanted effects. Additionally, a lot of regional companies in the market for smart air purifiers do not adhere to production standards, which leads to ineffective air purifiers. Thus, each of these reasons inhibits the market for smart air purifiers from expanding.
Furthermore, several commodities, including construction material, oil, and gas, saw a surge in price due to the Russia-Ukraine conflict. Due to supply chain interruptions, there are now more expensive shipping costs, fewer available containers, and less warehouse space. Since there have been delays in shipments and congestion, certain ports have been closed, and orders are being retracted, which influences industry and consumers globally. The decline in investor confidence has also increased stock market volatility. Economic instability has risen due to the strained commercial ties between Russia, Ukraine, and their different trading partners. Hence, all such factors have reduced export possibilities.
To increase their market share, competitors in the smart air purifier space are implementing cutting-edge technologies like nanotechnology and artificial intelligence (AI). For instance, Samsung, a South Korean technology company, introduced the newest line of lot-enabled air purifiers in India in November 2022. Samsung. com and Samsung-only retail locations will sell the Samsung AX46 and AX32 air purifiers in Beige and Grey. New air purifiers, the AX46 and AX32, were designed to get rid of 99.97% of bacteria, allergens, ultrafine dust, and nanoparticles. The latest air purifiers from Samsung can eliminate formaldehyde and other potentially dangerous volatile organic compounds. These types of advancements are anticipated to present lucrative opportunities for the expansion of the market for smart air purifiers during forecast period.
The smart air purifiers market is segmented on the basis of type, technique, end user, and region. By type, the market is segmented into dust collectors, fume & smoke collectors, and others. On the basis of technique, the market is categorized into high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, ionizer purifiers, activated carbon filtration, and others. By end user, the smart air purifiers market is segmented in residential, commercial, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Region wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the smart air purifier 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), and Winix Inc.
Key Findings of the Study
By product type, the dust collector segment was the highest revenue contributor to the market and is estimated to reach $10.05 billion by 2032. and estimated to be the fastest-growing segment with a CAGR of 11.3% during the forecast period.By technique, the High-efficiency Particulate Air (HEPA) segment was the highest revenue contributor to the market with the fastest-growing segment with a CAGR of 11.5% during the forecast period.
By end user, residentail segment were the highest revenue contributor to the market in 2022, which is expected to grow with a CAGR of 11.5% during the forecast period.
By region, North America held the largest revenue share in 2022, and Asia Pacific is anticipated to grow at the highest CAGR of 14.6% during the forecast period.
Companies Mentioned
- Coway Co. Ltd.
- Dyson Technology Limited
- Honeywell International Inc
- Koninklijke Philips N.V
- Levoit
- LG Electronics Inc.
- Sharp Corporation
- Unilever PLC
- Winix Inc
- Xiaomi Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | July 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 3096.8 billion |
| Forecasted Market Value ( USD | $ 4919.7 billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
