The global smart air purifiers market revenue was around US$ 7.3 billion in 2023 and is estimated to reach US$ 17.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.1% during the forecast period from 2024 to 2032.
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Smart air purifiers are different from traditional air purifiers in that they have sensors and data communication features. These features enable them to recognize indicators of poor air quality in the surrounding area and modify their operation accordingly. In addition to ensuring the generation of safe air, they also remind people-through voice assistants or smartphone apps-when indoor air quality is declining and to take action before it gets too bad. One more feature of many smart air purifiers is their remote control capability, which allows users to regulate the air quality even when they are not at home. These characteristics increase the convenience and effectiveness of such devices, which makes them the best choices for those who appreciate living in homes with clean, fresh air.
Factors Influencing Market Growth
– The global increase in consumers who recognize the importance of healthy indoor air is the primary driver of the air purifier market.
– The growing adoption of the Internet of Things (IoT) and smart home technologies will boost the global market growth.
– Global population growth is anticipated to drive demand for residential housing, which in turn is anticipated to increase air pollution from increased construction, which, in turn, drives the global smart air purifiers market growth over the projection period.
– The market is also expanding by the introduction of new product variants with cutting-edge features like voice control, ozone generators, ultraviolet (UV) light technology, and electrostatic precipitators.
Impact of COVID-19
COVID-19 positively impacted the market. Demand for air purifiers, particularly smart air purifiers, surged during the pandemic as people sought for ways to make their homes healthier. This was due to the increased focus on indoor air quality and health. Due to the pandemic’s emphasis on the importance of air purification, smart air purifiers were widely used in homes, workplaces, and other indoor spaces. As a result, this has boosted the sales of smart air purifiers during the COVID-19 pandemic
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Regional Insights
Asia Pacific dominated the market in 2023. this is a result of consumers searching for efficient air purification solutions due to growing concerns about indoor air quality and health in the region. Second, tech-savvy consumers are drawn to the growing popularity of smart home technology and the ease with which air purifiers can be controlled from afar with smartphones and smart speakers. The region’s growing demand for smart air purifiers is also attributed to the region’s high degree of technological awareness and willingness to invest in cutting-edge goods.
Leading Competitors
– Coway Co. Ltd.
– Sharp Corporation
– Honeywell International Inc
– Dyson Technology Limited
– Unilever PLC
– Koninklijke Philips N.V
– Levoit
– Xiaomi Corporation
– Winix Inc
– LG Electronics Inc.
– Other Prominent Players
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Segmentation Analysis
The global smart air purifiers market segmentation focuses on product type, technique, end user, and region.
Segmentation based on Product Type
– Dust Collectors
– Fume and Smoke Collectors
– Others
Segmentation based on Technique
– High-efficiency Particulate Air (HEPA)
– Thermodynamic Sterilization System (TSS)
– Ultraviolet Germicidal Irradiation
– Ionizer Purifiers
– Activated Carbon Filtration
– Others
Segmentation based on End User
– Residential
– Commercial
– Others
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Segmentation based on Region
– North America
– The U.S.
– Canada
– Europe
– UK
– Germany
– France
– Italy
– Spain
– Netherlands
– Rest of Europe
– Asia-Pacific
– China
– Japan
– India
– Australia
– South Korea
– Singapore
– Rest Of Asia-Pacific
– LAMEA
– Latin America
– Middle East
– Africa
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These responses will function a complete examination of the:
- The markets’ present-day infrastructures
- Market possibilities and challenges
- Future plausible for increase in particular industries
- Major geographic and market segments to target, and end-user goal organizations and their viable operational volumes
- Representative and a price chain probability breakdown
- Market dimension and boom price during the expected time frame.
- The market’s important using forces
- Key market traits are impeding market expansion.
- Obstacles to market expansion.
- Market’s pinnacle merchants.
- Thorough SWOT analysis
- Threats and possibilities confronted with the aid of the modern carriers in the world market.
- Trending elements that affect the markets in the quite a number region.
- Initiatives with a strategic center of attention on the pinnacle vendors.
- PEST find out about of the five essential market regions.
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