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Smart Air Purifiers - Global Market Trajectory & Analytics

  • ID: 5030674
  • Report
  • April 2021
  • Region: Global
  • 483 pages
  • Global Industry Analysts, Inc

A World Living in Fear of Airborne Transmission of Coronavirus Drives a $925.8 Million Jump in Revenues for Smart Air Purifiers for the Year 2020

The global market for smart air purifiers is expected to witness a 15.8% spurt in revenues for the year 2020 and thereafter reach US$13.6 billion by the year 2027, trailing a post COVID-19 CAGR of 10.5% over the analysis period 2020 through 2027. As the world begins to learn to live with the virus, there is growing focus shed on appropriate distribution of ventilation indoors. The risk of transmission of COVID-19 is the highest in closed spaces particularly in indoor settings with poor ventilation. Indoor spaces carry dual risk of aerosol transmission combined with droplet transmission. Ventilation & adequate filtration systems are recognized as an effective way to reduce airborne transmissions. With offices & public spaces opening up, remodeling & redesigning of HVAC, ventilation and air conditioning systems & assessing airflow, filtration & humidity conditions are the forefront. Air purification plays a key role in removing exhaled virus-laden air and lowering overall virus concentration in indoor air inhaled by the occupants. Various organizations and countries such as the US Centers for Disease Control and Prevention are recommending airborne precautions. The scenario is creating significant demand for advanced air purifiers built on sophisticated technologies. In response to the COVID-19 pandemic, several companies have come out with claims for air purifiers to kill novel Coronavirus.

Third party lab tests on Air dog X5 demonstrated that the product kills 99.9% of H3N2 viruses in a 30 cubic meter sealed testing room over the course of an hour. AirX Pro range of air purifiers featuring patented technology claims to remove up to 99.9% of particles, viruses and bacteria and other air borne allergens in enclosed spaces. Research on air purifiers incorporated with UV lights showed that the product holds potential to fight the coronavirus. Smart air filters, as a containment tool for curbing COVID-19 disease, are especially becoming relevant in healthcare settings including isolation wards, hospitals, clinics, outpatient care centers and sample collection centers. IQAir supplied its HealthPro 250 air purifiers to hospitals in Wuhan to help protect staff and patients. With countries across the world easing lockdown restrictions and businesses reopening, people are focusing on measures to mitigate the risk of airborne transmission of the virus and also make the indoor environment cleaner and safer. This is expected to augur well for air purifiers, in particular smart air purifiers. Deployment of these tools is also gaining traction in retail centers, public facilities, and other areas, where people movement is high. Large malls in New York city were required to install air filtration systems before reopening to keep indoors safer from COVID-19. Furthermore, the technology is being sought in residential consumers as well, specifically large households in the high income bracket. However, while Air purifiers with HEPA filters are claimed to be effective in capturing viruses including the COVID-19 virus, studies reveal that they cannot be considered as a complete solution for protection against COVID-19. Nonetheless, given the fact that the COVID-19 disease is likely to persist for some more time, demand for smart air filters in commercial and residential environments is poised to remain robust as part of proactive hygiene strategy.

Among various types of air filters, High-Efficiency Particulate Air (HEPA) filters, which are capable of trapping air pollutant particles of sizes as small as 0.3 microns in complex web fibers to purify the air, extend a reliable tool for filtering the air to contain the novel corona virus. HEPA filters can seamlessly capture more than 99.9% of nanoparticles, which are many times smaller than the coronavirus, in just one pass and the capability makes them most sought after in COVID-19 related air purification programs in residential and commercial sites. Since coronavirus measures 0.06 to 0.14 microns in diameter, HEPA filters are claimed to eliminate the airborne virus, thereby enabling a virus free indoor environment. HEPA filters account for bigger revenue share in the air filters market, because of high adoption rate in the pharmaceutical and healthcare sectors. The current COVID-19 pandemic has further amplified the demand for HEPA filters, with some vendors reporting 10xspike in demand as compared to previous year. Besides HEPA, UV light filters represent another promising technology for containing the airborne novel corona virus. However, UV light filters are mostly used in combination along with other filtration technologies such as HEPA, and their use as standalone system fails to deliver the desired results in curbing the spread of virus. The HEPA filters segment is expected to witness strong demand from commercial and residential end-use sectors. In addition, the gel seal type HEPA filters are estimated to dominate the segment in value terms, most notably from high penetration in the pharmaceutical industry. Various studies have demonstrated the effectiveness of the diffusion approach to capture 100% of airborne particulates including virus-sized particles. Researchers noted that sophisticated HEPA filters can capture particles with sizes of as small as 3-20 nanometers, which is 5-30 times smaller in comparison to the coronavirus. The combination of these filters along with disinfectants and good hygiene practices is expected to provide offices, homes and schools with an effective option to deal with the COVID-19 crisis.

Select Competitors (Total 86 Featured):

  • Alen Corporation
  • Americair Corporation
  • Blueair, Inc.
  • COWAYCO.,LTD
  • Dyson Ltd.
  • Honeywell International Inc
  • IQAir North America Inc.
  • Koninklijke Philips N.V
  • LG Electronics
  • Samsung Electronics Co. Ltd.
  • Sharp Electronics Corporation
  • Sunbeam Products, Inc
  • Whirlpool Corporation
  • Winix Inc.
  • Xiaomi Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Pandemic Significantly Elevates Role-Play of Smart Air Purifiers
  • HEPA Filters to Fuel Revenue Growth
  • Smart Air Purifiers: An Introduction
  • Causes of Indoor Air Pollution
  • Major Indoor Pollutants and their Impact on Health: Brief Details of Pollutant, Source, and Impact on Health
  • Smart Air Purifiers by Technology
  • By Type
  • By End Use
  • Market Outlook
  • Residential Air Purifiers Dominate the Market
  • Developed Markets Account for Major Share
  • Developing Asian Countries to Drive Future Growth
  • China: High Growth Market for Smart Air Purifiers
  • Competition
  • Rise in Number of Start Ups in Smart Purifiers Space
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Rising Air Pollution Levels Trigger Demand for Smart Air Purifiers
  • Exhibit 1: Global Indoor Air Pollution Related Fatalities by Health Condition (2020): Percentage Breakdown of Deaths for ALRI, COPD, Ischemic Heart Disease, Lung Cancer, and Stroke
  • Exhibit 2: Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2019
  • Exhibit 3: Countries with the Highest Carbon Emissions Worldwide (2020): Percentage Breakdown for China, US, India, Russia, Japan, and Others Country % Share
  • Exhibit 4: Air Pollution Levels (PM10 ug/m3) for Major Countries Worldwide
  • Emphasis on Maintaining Ambient Indoor Air Quality Augurs Well for Market Growth
  • Rising Incidence of Asthma and Air Borne Allergies Provide the Perfect Platform for Market Expansion
  • Proliferation of Smart Homes at an Accelerating Pace Throws Abundant Opportunities
  • Exhibit 5: Smart Home Penetration Rate (%) by Region/Country: 2020
  • Exhibit 6: Global Smart Home Penetration Rate (%): 2017-2025
  • Exhibit 7: Global Home Automation Market by Application (in %): 2020
  • Combination Technologies Widen Functionalities
  • Innovations and Product Advancements Remain Core to Market Expansion
  • Influx of New Products Impels Smart Air Purifiers Market
  • Select New Product Launches
  • Eliminating Odors and Smoke Remain Key to Product Success
  • Vulnerability of the Expanding Aging Population to Air-borne Allergies and Health Risks: A Weighty Growth Driver
  • Exhibit 8: Global Aging Population: Population of 65+ Individuals (in Thousands) by Region for 2019 and 2030
  • Residential Replacements: An Important Driver
  • E-Retailing Expands Opportunities
  • Regulatory Standards Drive Sales of Air Purification Equipment
  • Exponential Increase in Urban Population Expands Opportunities
  • Exhibit 9: World Percentage of Population Residing in Urban Areas by Region: 2000, 2010, 2020, 2030, 2040, and 2050
  • Rising Affluence of Middle Class Consumer Segment
  • Exhibit 10: Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Market Overview
  • Growing Emphasis on Indoor Air Quality Drives Demand
  • Major Factors Influencing Purchase of Residential Air Purifiers with '1' Ranked for Highest Influencing Factor
  • High Rate of Infectious Diseases Propel Demand for HEPA Purifiers
  • EPA and Air Pollution Control in the United States
  • Growing Awareness of Indoor Air Quality (IAQ) Triggers Stringent Regulations
  • Exhibit 11: US PM2.5 Air Quality, 2010-2019 (Concentration μg/m3)
  • Market Analytics
  • CANADA
  • JAPAN
  • Market Overview
  • CHINA
  • China Emerges as a Lucrative Market for Smart Air Purifiers
  • Rise in Air Pollution Levels Instigates Demand
  • Exhibit 12: Most Polluted Cities in China by PM 2.5 Level (in ug/m3) (2019)
  • EUROPE
  • Market Analytics
  • Spiraling Air Pollution & Emission Levels Drive Steady Market Demand in the Near Term
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Asia-Pacific: Market Laden with Lucrative Opportunities
  • Rising Concerns over Air Pollution Strengthens Market Prospects
  • Healthy Trajectory in HVAC Filters Market Augurs Well
  • Shift of Manufacturers in Developed Countries to Asian Markets Bodes Well for the Market
  • Market Analytics
  • Focus on Select Markets
  • India
  • Exhibit 13: Most Polluted Cities in India by PM 2.5 Level (in ug/m3) (2019)
  • LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 86
Note: Product cover images may vary from those shown
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