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Smart Air Purifier Market

Smart Air Purifier Market Size, Share & Segmentation by Type (Dust Collectors, Fume and Smoke Collectors, Others), by Technique (Activated Carbon Filtration, High-efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Purifiers, Other), by End-User (Residential, Commercial, Others), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/EQIP/1186 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Smart Air Purifier Market size was valued at USD 6.13 Bn in 2021 and is expected to reach  USD 13.46 Bn by 2028, and grow at a CAGR of 11.9% over the forecast period 2022-2028.

A smart air purifier is an updated version of a regular air purifier that is used to purify the air automatically for many users. It connects to wireless networks like Wi-Fi and Bluetooth and may be controlled remotely via a smartphone app. The main advantage of a smart air purifier is that customers can use their smartphones to monitor and regulate indoor air quality and adjust basic settings. Furthermore, as people become more conscious of the negative impacts of pollution on their health, more technology businesses are developing innovative air purifiers. Furthermore, the increased requirement to eliminate tiny airborne particles and germs in business areas, workplaces, and residences, including living rooms, bedrooms, kitchens, and bathrooms, is driving global demand for smart air purifiers.

Smart Air Purifier Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Demand for a healthier lifestyle is growing.

  • Growing health-related issues

  • An increase in pollutants causes skin allergies.

  • Chronic illnesses are on the rise, as are concerned about airborne particles.

  • Excessive smoke is accumulating in the kitchen.

RESTRAINTS:

  • Low awareness.

  • Limited accessibility to a specific area.

OPPORTUNITY:

  • Major main players' new product releases and R&D

  • Increased understanding of the negative consequences of air pollution on the environment and human health.

  • A spike in fatalities as a result of air pollution.

CHALLENGES:

  • Ozone emissions from these items may exacerbate the problem.

IMPACT OF COVID-19:

Due to the COVID-19 pandemic, several firms in the worldwide smart air purifiers market had to temporarily suspend operations in order to comply with new government rules aimed at preventing the disease's spread. This halt in operations has a direct influence on the air filter market's revenue flow. In addition, due to a scarcity of raw materials and people during the lockdown, the manufacture of industrial items has come to a standstill. Furthermore, enterprises in this industry do not get any fresh consignments. As a result, the suspension in industrial activity and the subsequent lockdown for many months had an impact on the market share of smart air purifiers, and during the forecast term, is predicted to recover modestly.

MARKET ESTIMATION:

The market has been divided into three types: dust collectors, fume and smoke collectors, and others. The sector of dust collectors has the biggest market share. The dust collector absorbs the majority of the dust and dirt particles in the environment.

The market has been divided into six categories based on technology: Activated Carbon Filtration, High-efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Purifiers, and Others. The technology sector of the market is dominated by the high-efficiency particulate air (HEPA) segment, which is predicted to expand at the fastest CAGR during the forecast period. Humans are protected from airborne bacteria and virus pathogens by HEPA filters. This application is primarily intended for usage in hospitals.

The Market has been divided into three categories on the basis of application such as residential, business, and others. Residential is the most popular application category in the market, with the greatest CAGR projected over the projection period. The market expansion would be aided by the rising demand for comfort in emerging markets. Furthermore, rising pollution levels throughout the world are likely to play a significant role during the projection period.

KEY SEGMENTS:

By Product Type

  • Dust Collectors

  • Fume and Smoke Collectors

  • Others

By Technique

  • Activated Carbon Filtration

  • High-efficiency Particulate Air (HEPA)

  • Thermodynamic Sterilization System (TSS)

  • Ultraviolet Germicidal Irradiation

  • Ionizer Purifiers

  • Others

By End-User

  • Residential

  • Commercial

  • Others

Smart Air Purifier Market Segment Chart

REGIONAL ANALYSIS:

The smart air purifier market is divided into four areas: North America, Europe, Asia Pacific, and the Rest of the World. In 2021, Asia-Pacific had the greatest market share, followed by North America and Europe. The market in Asia-Pacific is developing as a result of fast development and rising pollution levels. Furthermore, economic progress that leads to a healthy lifestyle has a positive effect on market growth. During the projection period, Asia Pacific is predicted to grow at the fastest rate. The rapidly increasing industrialization of the region is driving market demand. The biggest markets in the Asia Pacific include Qatar, the United Arab Emirates, China, and India. The Market is also projected to develop as pollution levels rise. During the projected period, the Middle East is predicted to make a substantial contribution to the rest of the globe.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players in the market are 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.

Smart Air Purifier Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 6.13  Billion
Market Size by 2028 US$ 13.46 Billion
CAGR CAGR 11.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Type (Dust Collectors, Fume and Smoke Collectors, Others)
• by Technique (Activated Carbon Filtration, High-efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Purifiers, Other)
• by End-User (Residential, Commercial, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles 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.
Key Drivers •Growing health-related issues
•An increase in pollutants causes skin allergies.
Restraints •Low awareness.
•Limited accessibility to a specific area.


Frequently Asked Questions (FAQ) :

Ans: - Smart Air Purifier Market Size was valued at USD 6.13 Bn in 2021

Ans: - Demand for a healthier lifestyle is growing and growing health-related issues.

Ans: - 2 segments of the Smart Air Purifier Market.

Ans: - The major key players in the market are 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.

 

Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.


Table of Contents

 

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges 

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Smart Air Purifier Market Segmentation, by type

8.1 Dust Collectors

8.2 Fume and Smoke Collectors

8.3 Others

 

9. Smart Air Purifier Market Segmentation, by Technique

9.1 Activated Carbon Filtration

9.2 High-efficiency Particulate Air (HEPA)

9.3 Thermodynamic Sterilization System (TSS)

9.4 Ultraviolet Germicidal Irradiation

9.5 Ionizer Purifiers

9.6 Others

 

10. Smart Air Purifier Market Segmentation, by End-Use

10.1 Residential

10.2 Commercial

10.3 Others

 

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profiles

12.1 Coway Co., Ltd

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Dyson Technology Limited

12.3 Honeywell International Inc

12.4 Levoit

12.5 LG Electronics Inc

12.6 Xiaomi Corporation

12.7 Koninklijke Philips N.V

12.8 Sharp Corporation

12.9 Unilever PLC

12.10 Winix Inc

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

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Secondary Research

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