Smart Air Purifier Market

Smart Air Purifiers Market is anticipated to grow at a CAGR of 12.5% during forecast period and estimated to reach USD 13,100 Million by 2027.

Smart air purifier is an enhanced version of air purifier that helps in monitoring and controlling the air quality and can be remotely operated through an app on smartphones or tablets connected through wireless networks such as Wi-Fi and Bluetooth. Smart air purifiers are used to eliminate dust, fume, mold, smoke particles, vehicle exhaust, cooking smoke, and gaseous pollutants in a specific area. The global smart air purifier market uses numerous types of technologies such as HEPA Filter, Activated Carbon, and other advanced tecnologies.

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Rapidly increasing pollution levels across the world, rising awareness regarding adverse effects of air pollution, and growing demand for maintaining clean and healthy environment are some of the major factors that are driving the growth of the smart air purifier market. Additionally, rising demand to eliminate airborne particles, dust, and germs in homes, commercial spaces, and corporate offices are further anticipated to augment the growth of the market. Moreover, rapid urbanization, growing vehicle production, and increased construction activities have led to the rise in the emission of harmful particulate in the environment. This factor is expected to propel the demand of smart air purifier for lowering the impact of indoor and outdoor pollution on humans.

Various benefits offered by the smart air purifiers that includes remote controlling of purifiers through smartphones, providing live reading of air quality data, detection of pollution level automatically using smart sensors and adjusting purifier speed accordingly are expected to accelerate the demand of the smart air purifiers over the forecast period. However, high cost of smart air purifiers is expected to restraint the market growth during the forecast period.

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Based on technology, the market is segmented into HEPA filter, activated carbon, and others. The HEPA (high-efficiency particulate air) segment is expected to dominate the smart air purifier market over the forecast period. This can be attributed to the numerous advantage offered by HEPA filters of capturing pollutants as little as 0.3 microns in size. Additionally, increasing demand of HEPA smart air purifiers in Commercial and public buildings including airports, offices, museums, hotels, salons, hospitals, restaurants, and schools are further propelling the growth of the market.

Based on application, the market is segmented into commercial and residential. The residential sector is anticipated to grow at a faster CAGR over the forecast period owing to the increasing awareness about health issues associated with air pollution. Growing number of smart homes and ease in operating smart air purifiers are expected to augment the market growth.

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Based on the region, Asia-Pacific region is anticipated to lead the market during the forecast period. This is primarily due to the rising population and rapid urbanisation in the growing economies including China, Japan, India, and South Korea in the region. North America is projected to grow at a higher CAGR over the forecast period owing to the rapid economic development, increased standard of living, growth in industrialization in the region.

Various notable players operating in the global smart air purifier market include Honeywell International Inc., Koninklijke Philips N.V., Sunbeam Products, Inc., Acer Inc., Xiaomi Corporation, ATIF Holdings Limited, Unilever Group, Coway Co., Ltd., Whirlpool Corporation, Americair Corporation, Sharp Corporation, and Winix Inc. among other companies. 

Key Developments:

• • In 2020, Acer Inc., one of the leading global technology brands, launched New Product Line ‘acerpure cool’, a 2-in-1 Air circulator and purifier that leverages a 3-in-1 HEPA Filter to purify the air and a circulator to project the pure air around the room.
  • In 2020, Blueair, a developer of air purifiers, and a part of the Unilever Group partnered with Accenture Plc. With this, Accenture Plc will deliver cloud-based internet of things (IoT) platform and digital manufacturing platform to Blueair for launching HealthProtect, its first connected air purifier to provide 24/7 protection against bacteria and viruses.
  • In 2020, ATIF Holdings Limited has acquired 51% equity interest in Xi’an Green Fun Technology Co., Ltd., one of the high technology companies focused on research, development and manufacturing of illuminated air purifier products.

The global Smart Air Purifier market has been segmented on the technology, application, and region. On the basis of technology, the market is segmented into HEPA filter, activated carbon, and others. Based on application, the market is segmented into commercial and residential.

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Key questions answered in this research report:

• • At what pace is global Smart Air Purifier market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Smart Air Purifier market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Smart Air Purifier market?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the various application of global Smart Air Purifier market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Smart Air Purifier Market by Technology

• • HEPA Filter
  • Activated Carbon
  • Others

Global Smart Air Purifier Market by Application

• • Commercial
  • Residential

Global Smart Air Purifier Market by Region

• • North America Smart Air Purifier Market (Option 1: As a part of the free 25% customization)
    • North America Market by Technology
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Smart Air Purifier Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Technology
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Smart Air Purifier Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Technology
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Smart Air Purifier Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Technology
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Smart Air Purifier Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • Sunbeam Products, Inc.
  • Xiaomi Corporation
  • Unilever Group
  • Coway Co.,Ltd.
  • Whirlpool Corporation
  • Americair Corporation
  • Sharp Corporation
  • Winix Inc.
  • ATIF Holdings Limited
  • Acer Inc.