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The Smart Air Purifier market is forecasted to reach at US$ 5.4 Bn by 2028, growing at a CAGR of 12.2 % between 2020-2028.
The global Smart Air Purifier market has shown tremendous growth since last few years. The market is anticipated to show a robust growth over the period of research study. Some of the factors fuelling the growth of global market include rising airborne diseases, rising awareness regarding necessity of anti-pollution products, and benefits of air purifiers.
Advantages Associated with Smart Air Purifiers are Anticipated to Propel the Market Growth
Air purifiers have wide range of application in different sectors. These products are used to eliminate cooking smoke, dust, pet dander, dust, and gaseous pollutants in a specific area depending upon their capacity. The smart air purifies offer several advantages over the traditional products which is expected to fuel the growth of global smart air purifiers market. The smart air purifiers support Bluetooth and Wi-Fi, and can be simply operated with a mobile application. The end-user can monitor and control the indoor air quality and change the basic setting through the mobile application. Moreover, according to a study conducted by World Health Organization, every year more than 7 million premature deaths are caused by air pollution. The rising awareness regarding harmful effects of impure air is expected to surge the demand for these products across the globe.
Based on Technology, HEPA Segment Accounted for Maximum Share in 2019
On the basis of technology, the HEPA (high efficiency particulate rate) segment accounted for maximum share in 2019. The segment is also expected to witness robust growth during the forecast period. The purifiers made with HEPA technology are portable, small, and used for a single room. These products are able to eliminate the air pollution more than 99%. This is expected to fuel the demand the growth of HEPA segment during the forecast period.
Moreover, the activated carbon technology segment is anticipated to show fastest growth over the forecast period. The technology consists of small carbon practices to absorb allergens and contaminants. The pollutants are captured in the process of absorption which makes it an effective technology for eradicating smoke, chemicals, and odour. However, the product is unable to confiscate allergens and dust from air which might hamper the segment growth.
Commercial Segment is estimated to dominate the Global Market Whereas the Residential Segment is expected to Witness Rapid Growth throughout the Forecast Period
Based on application, commercial application is expected to lead the global market throughout the forecast period. In commercial spaces there are large number of people which increases the risk of airborne diseases. The regional and international government have taken various initiatives by setting different parameters for the construction of commercial places and offices. This is intended to minimize the carbon footprint in these spaces which is expected to surge the demand for air purifiers in commercial sector. Moreover, rising awareness regarding employee health and organization environment is anticipated to fuel the segment growth.
The residential sector is anticipated to witness commendable growth in coming years. The growth if the segment can be credited to rising indoor air pollution level. The growing statics of health issues caused by air pollution such as allergies and asthma are increasing the necessity of using these products. Moreover, the smart air purifiers are easy to use and convenient which is making it popular among a large consumer base.
Asia Pacific is anticipated to Occupy Prominent Share in Global Market over the Forecast Period
By geography, Asia Pacific is anticipated to account for significant share over the forecast period. The rising pollution level in India and China is expected to surge the demand for smart air purifiers in the region. According to a study conducted by World Health Organization, in 2015, India and China have registered half of the global deaths caused by pollution. Additionally, most of the polluted cities are based in India. More than 1 million deaths are caused by air pollution in India every year. These factors are anticipated to fuel the regional growth.
North America is expected to witness remarkable growth during the forecast period. The growth of the region is mainly due to rising awareness regarding benefits if air purifiers and health consciousness. Moreover, the supportive government regulation to minimize the pollution rate and increase the air quality is favouring the growth of smart air purifiers in North America. Also, the rising numbers of commercial spaces across the region have widened the growth scope for these products in the region.
Key players operating in global Smart Air Purifier market include Dyson, Honeywell International Inc., Sharp Corporation, Koninklijke Philips N.V., Americair Corporation, Sunbeam Products, Inc., Whirlpool, COWAYCO. LTD., Blueair, and Xiaomi Corporation.
Global Smart Air Purifier Market by Product Type
- Fume & Smoke Collectors
- Dust Collectors
Global Smart Air Purifier Market by Technology
- Activated Carbon
- HEPA Filter
Global Smart Air Purifier Market by Application
Global Smart Air Purifier Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America