Growth in awareness about adverse effects of pollution on health has encouraged various electronics manufacturers to introduce advanced air purifiers. Moreover, people have become more technology oriented and tend to invest significantly on high-end products such as smart air purifiers, owing to increase in per capita income of population in emerging economies. However, high maintenance cost, replacement of filters, and premium installation charges have limited adoption of these purifiers, which restrains growth of the market.
The global smart air purifier market is segmented into type, technique, end user, and region. By type, the market is categorized into dust collectors, fume & smoke collectors, and others. The fume & smoke collectors segment dominated the global market, and is expected to maintain this trend throughout the coming years, owing to wide applications of these purifies. On the basis of technique, the market is fragmented into as high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, filter, activated carbon-polarized media photocatalytic oxidation (PCO), ionizer purifiers, and others. The high-efficiency particulate air (HEPA) segment is anticipated to dominate the global smart air purifier market throughout the forecast period.
The end user segment is fragmented into residential, commercial, and others. In 2020, the residential segment accounted for the highest market share, followed by the commercial segment. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2020, North America was the highest contributor to global smart air purifiers market, and is expected to witness significant growth rate in the coming years.
The COVID-19 pandemic forced many companies in the global smart air purifiers market to halt business operations for a short term to comply with new government regulations to curb the spread of the disease. This halt in operations directly impacts revenue flow of the global smart air purifiers market. In addition, there is a halt in manufacturing of industrial products, owing to lack of raw materials and manpower in the lockdown period. Further, no new consignments are received by companies that operate in this sector. Hence, halt in industrial activities and lockdowns for several months has affected the global smart air purifiers market and the market is anticipated to witness a slow recovery during the forecast period.
The key companies operating in the smart air purifiers market are Coway Co., Ltd., Dyson Technology Limited, Honeywell International Inc., Levoit, LG Electronics Inc., Xiaomi Corporation, Koninklijke Philips N.V., Sharp Corporation, Unilever PLC (Blueair AB), and Winix Inc.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging smart air purifiers market trends and dynamics.
- In-depth market analysis is conducted by constructing market estimations for the key Market Segments between 2020 and 2030.
- The smart air purifiers market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The smart air purifiers market forecast analysis from 2021 to 2030 is included in the report.
- The key market players within market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the smart air purifiers industry.
Key Market Segments
By Product Type
- Dust Collectors
- Fume and Smoke Collectors
- Others
By Technique
- Activated Carbon Filtration
- Others
- High-efficiency Particulate Air (HEPA)
- Thermodynamic Sterilization System (TSS)
- Ultraviolet Germicidal Irradiation
- Ionizer Purifiers
By End User
- Residential
- Commercial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Coway Co., Ltd
- Dyson Technology Limited
- Honeywell International Inc
- Levoit
- LG Electronics Inc
- Xiaomi Corporation
- Koninklijke Philips N.V
- Sharp Corporation
- Unilever PLC
- Winix Inc
Table of Contents
Executive Summary
According to this report titled, 'Smart Air Purifiers Market,' the smart air purifiers market size was valued at $5.5 billion in 2020, and is estimated to reach $14.4 billion by 2030, growing at a CAGR of 10.1% from 2021 to 2030.Smart air purifiers can be connected to smartphones with the help of an application and controlled and operated remotely. Smart air purifiers have become essential components for smart homes, owing to their ability to connect with other devices through technologies, such as Bluetooth or Wi-Fi. It provides information about surrounding air quality in real time. Performance settings of smart air purifier can be fine-tuned using smartphone application.
Rise in level of pollution in countries, such as India, China, Sri Lanka, Russia, and Brazil has triggered the demand for smart air purifiers. For instance, according to the World Health Organization (WHO), air quality in Brazil in 2021, was considered as moderately unsafe as it has concentration of PM2.5 exceeding 10 µg/m3. Growth in awareness regarding impact of air pollution on health around the globe has created the need for air purifiers. For instance, according to the HEI (Health Effects Institute) based in the U.S., air pollution contributed to 6.67 million deaths globally in 2020. This is expected to boost the growth of the smart air purifiers market during the forecast period. Rise in number of deaths due to air pollution has created a serious concern regarding effect of air pollution on human health. For instance, according to the 'State of Global Air Report 2020” published by HEI (Health Effects Institute, U.S.); 1.67 million deaths were reported in India, which can be attributed to air pollution. These kinds of developments have brought awareness among people about the effect of air pollution on human health, which is expected to accelerate adoption of smart air purifiers during the forecast period.
Furthermore, the emerging economies such as India, China, Brazil, and South Africa are witnessing increase in disposable income from past few years. For instance, in February 2020, National Bureau of Statistics, China has released data of Chinese economy. According to this data real disposable income per capita has increased by 5.8% from 2018 to 2019. This rise in disposable income may result in rise in expenditure on health, which is expected to lead to smart air purifiers market growth in near future.
COVID-19 has positively affected the demand for smart air purifiers during 2020 as HEPA filters are able to filter the coronavirus. However, production of smart air purifiers has hampered, owing to prolonged lockdown imposed by governments around the globe. This is expected to help in the growth of smart air purifiers market share.
The global smart air purifiers market is segmented based on type, technique, end-user and region. On the basis of type, the market is segmented into dust collectors, fume & smoke collectors and others. In 2020, the fume & smoke collectors segment accounted for the largest share of the overall market. On the basis of technique, the market is categorized into high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, ionizer purifiers, activated carbon filtration and others. The high-efficiency particulate air (HEPA) segment held the largest market share of the smart air purifiers market in 2020.Based on end-user, the market is segmented in residential, commercial and others. The residential segment held the largest market share in 2020. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America region will dominate the market in 2020.
Key Findings Of Study
- The report provides an extensive analysis of the current and emerging global smart air purifiers market trends and dynamics.
- By type, the fume and smoke collector segment dominated the market in terms of revenue in 2020.
- By techniques, the high-efficiency particulate air (HEPA) segment registered the highest growth in terms of revenue in the global smart air purifiers market in 2020.
- By end-user, the residential segment is projected to register the highest growth rate in the coming years.
- The report provides an extensive analysis of the trends and emerging opportunities of the market.
- In depth, the global smart air purifiers market analysis is conducted by constructing estimations for the key segments between 2020 and 2030.
The smart air purifiers market forecast analysis from 2021 to 2030 is included in the report.
Companies Mentioned
- Coway Co., Ltd
- Dyson Technology Limited
- Honeywell International Inc
- Levoit
- LG Electronics Inc
- Xiaomi Corporation
- Koninklijke Philips N.V
- Sharp Corporation
- Unilever PLC
- Winix Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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