The Smart Air Purifier Market size was valued at USD 6.90 Bn in 2023 and is expected to reach USD 17.02 Bn by 2031 and grow at a CAGR of 11.95% over the forecast period 2024-2031.
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.
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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.
By Product Type
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
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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
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.
Dyson Technology Limited-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6.9 Billion |
| Market Size by 2031 | US$ 17.02 Billion |
| CAGR | CAGR 11.95% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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. |
Ans: The Smart Air Purifier Market size was valued at USD 6.85 Bn in 2022.
Ans: The Smart Air Purifier Market is to grow at a CAGR of 11.9% Over the Forecast Period 2023-2030.
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 Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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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