Report Id: SNS/EQIP/1186 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Smart Air Purifier Market size was valued at USD 6.85 Bn in 2022 and is expected to reach USD 16.82 Bn by 2030, and grow at a CAGR of 11.9% over the forecast period 2023-2030.
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.
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.
Limited accessibility to a specific area.
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.
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.
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
Activated Carbon Filtration
High-efficiency Particulate Air (HEPA)
Thermodynamic Sterilization System (TSS)
Ultraviolet Germicidal Irradiation
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
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.
|Market Size in 2022||US$ 6.85 Billion|
|Market Size by 2030||US$ 16.82 Billion|
|CAGR||CAGR 11.9% From 2023 to 2030|
|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.
•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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 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
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
10. Smart Air Purifier Market Segmentation, by End-Use
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Coway Co., Ltd
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
12.5 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
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.