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Smart Air Purifiers - Global Market Trajectory & Analytics

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    Report

  • 495 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030674

Global Smart Air Purifiers Market to Reach US$12.9 Billion by the Year 2026


A smart air purifier also known and offered as Smart Air Filter, Wi-Fi Enabled Air Purifier, or Wireless Air Purifier is an advanced version of conventional air cleaning device, enabled by Wi-Fi and Bluetooth to remotely track and control air quality. A primary factor driving growth in the air purification equipment market is the increasing consumer awareness about pollution and the number of respiratory and other diseases that it can cause. The pressing need to remove germs and fine airborne particles in residential, commercial and industrial settings is augmenting the demand for smart air purifiers. In addition, rising awareness regarding health effects and consequences of air pollution is driving various companies to develop next-generation air purifiers. The market growth is also facilitated by increasing adoption of connected home automation solutions that rely on the Internet of Things for remotely controlling and monitoring home appliances. Innovative features such as motion sensors and user friendly designs with simple programming platforms, along with the ability to control from different locations inside the home through smart connectivity is expected to drive robust demand for smart air purifiers. Some of the latest models also leverage artificial intelligence for predicting user preferences on the basis of past data. The COVID-19 pandemic has enabled air purifiers to evolve from luxury to an essential commodity. Technological progress coupled with integration of new air purification technologies including HEPA air purifiers, activated carbon purifiers, ionic filters and photocatalytic purifiers is expected to further propel the demand for smart air purifiers.

Amid the COVID-19 crisis, the global market for Smart Air Purifiers estimated at US$8.5 Billion in the year 2022, is projected to reach a revised size of US$12.9 Billion by 2026, growing at a CAGR of 11.2% over the analysis period. Dust Collectors, one of the segments analyzed in the report, is projected to grow at a 12% CAGR to reach US$9.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fume & Smoke Collectors segment is readjusted to a revised 10.4% CAGR for the next 7-year period. This segment currently accounts for a 24.9% share of the global Smart Air Purifiers market. The dust type smart air purifiers segment is mainly driven by a rise in awareness among consumers about the negative impact of airborne dust on health. With the rapid advancements in filtration technology, air contamination has been effectively dealt with using the dust collection systems. Fume and smoke collectors are a vital component of industrial processes that create fumes or particles from welding, sanding, grinding, spraying, powder filling, and chemical applications. Fume collectors capture and filter fumes from welding, soldering, laser and plasma cutting processes.

The U.S. Market is Estimated at $2.4 Billion in 2022, While China is Forecast to Reach $2.6 Billion by 2026


The Smart Air Purifiers market in the U.S. is estimated at US$2.4 Billion in the year 2022. The country currently accounts for a 28.39% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.6 Billion in the year 2026 trailing a CAGR of 13.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 9.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.5% CAGR while Rest of European market (as defined in the study) will reach US$2.8 Billion by the end of the analysis period. Growing product awareness, rising incidence of allergies caused by seasonal changes such as high pollen count in air, strong focus on environmental concerns, and stringent regulatory standards related to Clean Air Delivery Rate (CADR), among others, represent key growth drivers in developed regions. Important factors propelling growth in the Asia-Pacific region include rising levels of pollution driven by growing population, industrialization and urbanization, underpenetrated and unpenetrated nature of the market, and heightened concerns with regard to health.

High-Efficiency Particulate Air (HEPA) (Technique) Segment to Reach $10.5 Billion by 2026


HEPA filters are certified to remove 99.97 percent of all airborne and ultrafine particles, including viruses, tobacco smoke, and VOCs that causes respiratory diseases. HEPA purifiers are increasingly being integrated with pre filters, and ultra violet rays to offer consumers the added benefits of odor removal, and bactericidal capabilities. Among various types of air filters, HEPA filters 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. In the global High-Efficiency Particulate Air (HEPA) (Technique) segment, USA, Canada, Japan, China and Europe will drive the 11.08% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.4 Billion will reach a projected size of US$9.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$910.3 Million by the year 2026.

Select Competitors (Total 117 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

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Smart Air Purifiers

What is the estimated value of the Global Market for Smart Air Purifiers?

The Global Market for Smart Air Purifiers was estimated to be valued at $8.5 Billion in 2022.

What is the growth rate of the Global Market for Smart Air Purifiers?

The growth rate of the Global Market for Smart Air Purifiers is 11.0%, with an estimated value of $12.9 Billion by 2026.

What is the forecasted size of the Global Market for Smart Air Purifiers?

The Global Market for Smart Air Purifiers is estimated to be worth $12.9 Billion by 2026.

Who are the key companies in the Global Market for Smart Air Purifiers?

Key companies in the Global Market for Smart Air Purifiers include Alen Corporation, Americair Corporation, Blueair, Inc., COWAYCO.,LTD, Dyson Ltd., Honeywell International Inc., IQAir North America Inc., Koninklijke Philips N.V and Samsung Electronics Co. Ltd..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • COVID-19 Pandemic Significantly Elevates Role-Play of Smart Air Purifiers
  • HEPA Filters to Fuel Revenue Growth
  • Smart Air Purifiers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • 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
  • Global Market Prospects & 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
  • Global Indoor Air Pollution Related Fatalities by Health Condition (2020): Percentage Breakdown of Deaths for ALRI, COPD, Ischemic Heart Disease, Lung Cancer, and Stroke
  • Global Carbon Dioxide (CO2) Emissions (in Billion Metric Tons): 2010-2021
  • Countries with the Highest Carbon Emissions Worldwide (2020): Percentage Breakdown for China, US, India, Russia, Japan, and Others Country
  • Air Pollution Levels (PM10 ug/m3) for Major Countries Worldwide
  • Emphasis on Maintaining Ambient Indoor Air Quality Augurs Well for Market Growth
  • Air Pollution Levels (PM2.5 Concentration (µg/m³) for Major Countries Worldwide for 2020
  • 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
  • Smart Home Penetration Rate (%) by Region/Country: 2020
  • Global Smart Home Penetration Rate (%): 2017-2025
  • Global Home Automation Market by Application (in %): 2020
  • Combination Technologies Widen Functionalities
  • UV Light Filtration Technology for Smart Air Purifiers
  • Air Purifiers are Getting Smarter, Smaller, and More Innovative
  • 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
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 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
  • World Urban Population in Thousands: 1950-2050P
  • World Percentage of Population Residing in Urban Areas by Region: 2000, 2010, 2020, 2030, 2040, and 2050
  • Rising Affluence of Middle Class Consumer Segment
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Common Problems in Air Purifiers
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • 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
  • US PM2.5 Air Quality, 2010-2020 (Concentration µg/m3)
CANADA
JAPAN
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
CHINA
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • China Emerges as a Lucrative Market for Smart Air Purifiers
  • Rise in Air Pollution Levels Propels Demand
  • Most Polluted Cities in China by PM 2.5 Level (in ug/m3) for 2020
EUROPE
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Spiraling Air Pollution & Emission Levels to Drive Steady Market Gains
FRANCE
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • 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
  • India
  • Most Polluted Cities in India by PM 2.5 Level (in ug/m3) for 2020
LATIN AMERICA
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
MIDDLE EAST
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
AFRICA
  • Smart Air Purifiers Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 117

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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