The Global Smart Air Purifier Market was valued at USD 5.34 Billion in 2020 and is expected to reach USD 11.91 Billion by 2027, with a growing CAGR of 12.40% during the forecast period.
A smart air purifier is an upgraded model of conventional air purifiers that is used for automated air purification throughout distinctive end users. It is connected with wireless networks including Wi-Fi and Bluetooth and can be remotely operated through the use of an app on smartphones. Rapid urbanization and increased construction activities are some of the major factors to increase pollution levels across the globe. The need to have clean, odourless, dust and smoke-free air in the surrounding is the another driving factors influencing the smart air purifier market. People are now more technology-oriented and make investments extensively in high-end technological products is predicted to bode properly for the global industry growth. Sales of these air purifiers are similarly expected to grow in the near future, because of an increase in per capita income and an upward thrust in expenditure on health equipment.
In addition to this, the increasing prevalence of the airborne disease is anticipated to drive the smart air purifier market during the forecast period. For instance, according to the World Health Organization (WHO), 9 out of 10 people breathe contaminated air containing an excessive level of pollutants. It states that outdoor and indoor air pollution results in around 7 million premature deaths each year, out of which 3.8 million people die due to exposure to indoor air pollution.
By End User
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Based on technique, the High-Efficiency Particulate Air (HEPA) segment is expected to dominate the smart air purifier market during the forecast period owing to the small, portable, and usually work for a single-room space
Based on the technique, the global smart air purifier market has been segmented into High-Efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), ultraviolet germicidal irradiation, ionizer purifier, activated carbon filtration, and others. The High-Efficiency Particulate Air (HEPA) segment is projected to dominate during the forecast period. It holds large airborne particles, which include dust, pollen, mold spores, animal dander, and particles containing dust mites and cockroach allergens. Moreover, it is small, portable, generally, work for a single-room area, and is powerful in removing 99.97% of pollution particles, proliferating segmental growth.
Based on the end user, the commercial segment in the smart air purifier market is projected to grow at the highest CAGR during the forecast period owing to the increasing focus on eradicating the carbon footprint of commercial buildings
Based on the end user, the smart air purifier market has been segmented into residential, commercial, and other. The commercial segment is expected to grow at the highest CAGR during the forecast period owing to the several health advantages related to improved air quality and additionally consequences in elevated productivity. Moreover, growing awareness on decreasing the carbon footprint of commercial buildings is predicted to propel the growth of this segment. However, the residential segment holds for highest market share in the smart air purifier market.
Based on region, Asia Pacific captured the largest market share of over 43.2% in the smart air purifier market in 2019 owing to the increase in pollution levels in the countries such as China and India
The Asia Pacific held the largest market share in 2019 and is expected to show the same pattern during the forecast period. The growth in this region is attributed to increasing industrialization as well as rapid urbanization. For instance, according to the report of the Department of Economic and Social Affairs published in 2020, presently, 55% of the world population reside in urban areas, which is projected to increase to 68% by 2050. Moreover, the increasing pollution is one of the significant factors for the growth of the market due to growing airborne diseases. Rising pollution levels in countries such as China and India is expected to fuel the regional product demand. For instance, according to the World Air Quality Report by IQAir, in 2020, India air quality noticed 63% improvements as compared to 2019. However, India keeps featuring prominently on the top of the most polluted cities ranking, with 22 of the top 30 most polluted cities across the globe.
The report also provides an in-depth analysis of smart air purifier market dynamics such as drivers, restraints, opportunities, and challenges:
COVID-19 Impact on the Smart Air Purifier Market Analysis:
The COVID-19 pandemic impacted the smart air purifier market due to the strict lockdown imposed by the government throughout the globe. The business hubs, manufacturing sectors witnessed an instantaneous supply chain disruption and halts on production. Due to the COVID-19 pandemic, the overall industrial production throughout the globe has seen a sharp decline. This would possibly impede the growth of the smart air purifier market. However, the spike in the cases of COVID-19 creates ample possibilities for the growth of the market. A more detailed analysis specific to this industry will be provided in the report.
The report also provides an in-depth analysis of key trends in the smart air purifier market:
The report also provides an in-depth analysis of recent news developments and investments:
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Market Overview & Competitive Landscape
Market Segmentation (Market Size and Share Analysis)
COVID – 19 Opportunity Mapping
Regional Market Analysis