Smart Air Purifier Market by Type (Dust Collector, Fume & Smoke Collector, Other); by Technique (High-Efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Purifier, Activated Carbon Filtration, Other); by End User (Residential, Commercial, Other); and by Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2021 to 2027

Date : Sep 2021

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Report ID : 488

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Category : Consumer Goods

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Report Format:  PDF EXCEL PPT WORD

Smart Air Purifier Market Overview:

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.

Smart Air Purifier Market

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.

The Global Smart Air Purifier Industry Segmentation:

By Type

  • Dust Collector
  • Fume & Smoke Collector
  • Other

By Technique

  • High-Efficiency Particulate Air (HEPA)
  • Thermodynamic Sterilization System (TSS)
  • Ultraviolet Germicidal Irradiation
  • Ionizer Purifier
  • Activated Carbon Filtration
  • Other

By End User

  • Residential
  • Commercial
  • Other

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles and Competitive Intelligence:

  • COWAY CO.,LTD.
  • Dyson
  • Honeywell International Inc.
  • LEVOIT
  • Oransi
  • Koninklijke Philips N.V.
  • Airpura Industries
  • Winix Inc.
  • XIAOMI CORPORATION
  • IQAir
  • 3M
  • Whirlpool Corporation
  • Amaircare
  • Sharp Corporation
  • Rabbit Air
  • Acer Inc.
  • Alen Corporation
  • Blueair
  • Austin Air

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:

Drivers

  • Increasing demand for anti-pollution products
  • Growing prevalence of airborne diseases
  • Rapid urbanization
  • Technological advancements
  • Increasing disposable income

Restraints

  • High maintenance cost
  • Premium installation charges

Opportunities

  • Increasing cases of COVID-19

Challenges

  • Lack of awareness of smart air purifier

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:

  • Wearability and portability are major trends emerging in the air purifier market due to increased respiratory health awareness
  • The increasing adoption of HEPA filter for car, home & office

The report also provides an in-depth analysis of recent news developments and investments:

  • In May 2021, Levoit, the reputed selling air purifier brand in the US, launched the Levoit VeSync Core™ 400S. This air purifier gives powerful, automated purification, the air purifier’s HEPASmart ™ Technology enhances filtration, capturing 99.99% of bacteria and mold, and 99.9% of viruses.
  • In May 2020, Swedish Blueair, a global leader in air purification solutions, partnered with the British Child Health Academy to inform and train paediatricians, nurses, midwives, health visitors and different healthcare professionals (HCPs) on the effect of indoor air pollution.

The unique insights provided by this report also include the following:

  • In-depth Value Chain Analysis
  • Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post COVID-19 Impact on the Smart Air Purifier Market
  • Competitive Landscape

Frequently Asked Questions (FAQs)

What is the market size of the global smart air purifier industry?

The global smart air purifier market was valued at USD 5.34 Billion in 2020 and is anticipated to reach USD 11.91 Billion by 2027.

What is the estimated industry growth rate of the smart air purifier market?

The smart air purifier market is estimated to grow at a compound annual growth rate (CAGR) of 12.40% during the forecast period 2021-2027.

What is the share of Asia Pacific in the smart air purifier industry?

Asia Pacific region held the largest market share of over 41% in 2019.

Who are the prominent players in the smart air purifier market?

A few key players include, but are not limited to COWAY CO.,LTD., Dyson, Honeywell International Inc., LEVOIT, Oransi, Koninklijke Philips N.V., SHARP CORPORATION, Airpura Industries, Winix Inc., and XIAOMI CORPORATION

What are the challenges for the smart air purifier industry?

The high maintenance cost is the major challenge for the development of the industry.

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Table of Contents Smart Air Purifier Market:

Market Introduction

  • Definition
  • Scope Of The Study
  • List Of Assumptions
  • Market Structure
  • Scope of the Study: Segmentation 
  • Timeframe, Currency and Limitations

Research Methodology

  • 3P Research Approach
  • Market Sizing Approach
  • Data Sources
  • Primary Research Coverage

Executive Summary

  • Market Summary
  • Market Snapshot
  • Regional Snapshot
  • Country Snapshot

Premium Insights

  • Key Trend Analysis
  • New revenue Pockets
  • Pain Point Analysis
  • Company Market Share Analysis, by Region
  • Strategies Adopted-Benchmarking Heat Map
  • Regulatory Landscape
  • PESTEL Analysis
  • Regional Lifecycle
  • Competitive Benchmarking

Market Overview & Competitive Landscape

  • Competitive Landscape
  • Investment Scenario by key Players
  • Key Player Overview
  • Product comparison
  • Player Wise Geographic Presence
  • Player Wise Target Customer Segment
  • Recent News
    • Product Launches & upgrades
    • R&D / Innovation
    • Merger & Acquisition
    • JV & Partnership
    • Recognition and others

Market Segmentation (Market Size and Share Analysis)

  • Global Market Size & Historic Growth
  • Market Size by Type
    • Dust Collector
    • Fume & Smoke Collector
    • Other
  • Market Size by Technique
    • High-Efficiency Particulate Air (HEPA)
    • Thermodynamic Sterilization System (TSS)
    • Ultraviolet Germicidal Irradiation
    • Ionizer Purifier
    • Activated Carbon Filtration
    • Other
  • Market Size by End User
    • Residential
    • Commercial
    • Other

Market Dynamics

  • Market Drivers
  • Opportunities
  • Value Chain Analysis
  • Pricing Analysis

COVID – 19 Opportunity Mapping

  • Key Drivers & Anticipated Revival Period
  • Key Trends Analysis
  • Impact on End user Industry
  • Opportunity Analysis

Regional Market Analysis

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • GCC
    • Rest of MEA

Company Profiles

  • COWAY CO.,LTD.
    • Company Fundamentals
    • Financial Analysis (Subject to Availability)
    • Product Portfolio
    • SWOT Analysis
  • Dyson
  • Honeywell International Inc.
  • LEVOIT
  • Oransi
  • Koninklijke Philips N.V.
  • Airpura Industries
  • Winix Inc.
  • XIAOMI CORPORATION
  •  IQAir
  • 3M
  • Whirlpool Corporation
  • Amaircare
  • Sharp Corporation
  • Rabbit Air
  • Acer Inc.
  • Alen Corporation
  • Blueair
  • Austin Air

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