The Smart Air Purifier Market Analysis has exhibited remarkable growth, with a valuation of USD 6.85 billion in 2022. Projections indicate significant expansion, with the market expected to reach USD 16.82 billion by 2030, reflecting an impressive Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period from 2023 to 2030.
A smart air purifier represents an upgraded version of a conventional air purifier designed to automatically purify the air for users. It incorporates wireless connectivity, such as Wi-Fi and Bluetooth, allowing remote control through smartphone apps. The key advantage of a smart air purifier lies in its ability to enable users to monitor and control indoor air quality through smartphones, adjusting basic settings for optimal air purification. The growing awareness of the adverse effects of pollution on health is driving the demand for innovative air purifiers, with an increasing need to eliminate tiny airborne particles and germs in various settings, including homes, offices, and commercial spaces.
Key Highlights:
1. Current Valuation: As of 2022, the Smart Air Purifier Market is valued at USD 6.85 billion, reflecting the rising demand for advanced air purification solutions.
2. Projected Growth: Forecasts indicate substantial expansion, with the market anticipated to reach USD 16.82 billion by 2030, showcasing an impressive CAGR of 11.9% during the forecast period.
3. Wireless Connectivity: Smart air purifiers leverage wireless networks, such as Wi-Fi and Bluetooth, enabling remote control and monitoring through smartphone applications.
4. Health Awareness: Increasing consciousness regarding the health impacts of pollution is a key driver, leading to the adoption of innovative air purification technologies.
Industry analysts attribute the anticipated growth to the growing emphasis on health and wellness, driving consumers to invest in advanced air purifiers for a cleaner and healthier indoor environment. The Smart Air Purifier Market presents opportunities for technology companies, stakeholders, and businesses operating within the air purification sector.
KEY MARKET SEGMENTATION
- Product Type
- Dust Collectors
- Fume and Smoke Collectors
- Others
- Technique
- Activated Carbon Filtration
- High-efficiency Particulate Air (HEPA)
- Thermodynamic Sterilization System (TSS)
- Ultraviolet Germicidal Irradiation
- Ionizer Purifiers
- Others
- End-User
- Residential
- Commercial
- Others
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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.
Opportunities
- 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.
Driving Factors
- 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.
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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
...
10. Smart Air Purifier Market Segmentation, by End-Use
10.1 Residential
10.2 Commercial
10.3 Others
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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