Market Outlook
According to this report, the global smart air purifiers market size reached a value of USD 7.44 billion in 2023. Aided by the Rising construction activities due to rapid urbanisation, providing a practical solution to the space constringent problem in densely populated locations, the market is projected to further grow at a CAGR of 10.1% between 2024 and 2032 to reach a value of USD 18 billion by 2032.Smart air purifiers are advanced air filtration devices equipped with smart technologies that enable them to monitor and improve indoor air quality efficiently. These devices can be controlled via smartphones, tablets, or voice-activated systems, allowing users to adjust settings and receive real-time updates on air quality. The primary function of smart air purifiers is to remove pollutants such as dust, smoke, allergens, and volatile organic compounds (VOCs) from the air, ensuring a cleaner and healthier indoor environment.
The growing awareness of the adverse health effects of indoor air pollution is driving the smart air purifiers market growth. With increasing pollution levels and the rising prevalence of respiratory diseases such as asthma and allergies, there has been a significant shift towards improving indoor air quality. Additionally, the COVID-19 pandemic has heightened the focus on maintaining clean and safe indoor environments, further propelling the demand for smart air purifiers.
The expanding adoption of smart home technologies is also playing a significant role in propelling the market. As more consumers embrace smart home devices for their convenience and efficiency, the integration of smart air purifiers into home automation systems is becoming increasingly popular. These devices can seamlessly connect with other smart home products, such as thermostats and lighting systems, to create a comprehensive and automated home environment.
As per the global smart air purifiers market analysis, the growing applications of smart air purifiers in various sectors, including residential, commercial, and industrial, are contributing to the market growth. In the residential sector, the rising demand for smart home appliances and the increasing awareness of indoor air quality are driving the adoption of smart air purifiers. In commercial and industrial settings, these devices are used to maintain clean and healthy environments, particularly in healthcare facilities, offices, and manufacturing plants.
The integration of advanced technologies, such as artificial intelligence (AI) and the Internet of Things (IoT), in smart air purifiers is further positively impacting the global smart air purifiers market share. AI-powered air purifiers can learn and adapt to users' preferences, optimizing their performance based on real-time air quality data. IoT-enabled devices can be remotely controlled and monitored, providing users with greater convenience and control over their indoor air quality.
The rising trend of smart cities and the increasing investments in infrastructure development are also boosting the market of smart air purifiers. As urbanization continues to accelerate, the demand for advanced air purification solutions in densely populated areas is growing. Smart air purifiers are becoming an essential component of smart city initiatives, aimed at improving the overall quality of life for residents.
Market Segmentation
The market can be divided based on type, technology, application, distribution channel and region.Market Breakup by Type
- Dust Collectors
- Fume and Smoke Collectors
- Others
Market Breakup by Technology
- High-efficiency Particulate Air (HEPA)
- Activated Carbon Filtration
- Others
Market Breakup by Application
- Residential
- Commercial
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global smart air purifiers market. Some of the major players explored in the report are as follows:- Honeywell International Inc.
- LG Corporation
- Koninklijke Philips N.V.
- Hamilton Beach Brands, Inc.
- Xiaomi Corporation
- Coway Co Ltd
- Unilever PLC
- Sharp Electronics Corporation
- Vesync Co., Ltd.
- Winix Inc.
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market16 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Market Snapshot
8 Global Smart Air Purifiers Market Analysis
9 North America Smart Air Purifiers Market Analysis
10 Europe Smart Air Purifiers Market Analysis
11 Asia Pacific Smart Air Purifiers Market Analysis
12 Latin America Smart Air Purifiers Market Analysis
13 Middle East and Africa Smart Air Purifiers Market Analysis
14 Market Dynamics
15 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Honeywell International Inc.
- LG Corporation
- Koninklijke Philips N.V.
- Hamilton Beach Brands, Inc.
- Xiaomi Corporation
- Coway Co Ltd
- Unilever PLC
- Sharp Electronics Corporation
- Vesync Co., Ltd.
- Winix Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 215 |
Published | June 2024 |
Forecast Period | 2024 - 2032 |
Estimated Market Value ( USD | $ 8.34 Billion |
Forecasted Market Value ( USD | $ 18 Billion |
Compound Annual Growth Rate | 10.1% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |