Global Smart Air Purifiers Market is expected to grow at a CAGR of 12.2% during the forecast period 2018-2025

Allied Market Research recently published a report, titled, “Smart Air Purifiers Market by Type, Technique, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025”. The report valued the global the smart air purifiers market at $4,510 million in 2017 and projected it to reach $11,403.0 million by 2025, registering a CAGR of 12.2% from 2018 to 2025. In terms of revenue, the global market was dominated by Asia-Pacific in 2017, accounting for more than 34% share of the global market.

A smart air purifier is essentially a traditional air purifier fitted with wireless networks such as Wi-Fi and Bluetooth, so that it can be operated by using an app on smartphones. Through smart connectivity, these purifiers can be remotely controlled from distant locations. Users can track and control the indoor air quality and modify the basic settings through their smartphones – a major advantage of a smart air purifier.

Myriad electronics companies are introducing advanced air purifies in the market owing to a rise in awareness about the adverse effects of pollution on humans. The global smart air purifiers market is driven by an increase in the need to remove fine airborne particles and germs from commercial spaces, offices, and homes, including the living room, bedroom, kitchen, and bathroom. Market growth is also accelerated as a result of an increase in household air pollution, due to excessive smoke generation through cooking.

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The dust collectors segment secured the highest share of 61.7% in the smart air purifier market in 2017, and is expected to grow at a CAGR of 12.4% during the forecast period. In terms of technique, the high-efficiency
particulate air (HEPA) segment is expected to contribute the highest market share in the coming years, as these purifiers have extensive demand due to their advance purifying process. The demand for smart air purifiers has been witnessed to increase significantly in the residential and commercial sectors, due to their easy availability in the fast-emerging economies. This is attributed to the presence of several local and regional manufacturers in these economies. The residential sector accounted for around 67% share of the global smart air purifiers market.

Asia-Pacific is anticipated to dominate the smart air purifiers market during the forecast period, owing to the presence of key companies and an increase in pollution in Asian countries. Moreover, Europe and North America are expected to witness moderate growth during the forecast period.

Key Findings of the Smart Air Purifiers Market:
• In 2017, the dust collector segment dominated the global smart air purifiers market, in terms of revenue, and is projected to grow at a CAGR of 12.4% during the forecast period.
• The high-efficiency particulate air (HEPA) technology is anticipated to grow at a CAGR of 14.5% during the forecast period.
• Asia-Pacific is estimated to exhibit the highest CAGR during the forecast period. Countries such as China, Japan, South Korea, India, and Taiwan are expected to drive the smart air purifiers market in the coming years.

Asia-Pacific is estimated to exhibit the highest CAGR during the forecast period. Countries such as China, Japan, South Korea, India, and Taiwan are expected to drive the smart air purifiers market in the coming years.

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Major players such as Honeywell International Inc., Koninklijke Philips N.V., Sunbeam Products, Inc., Xiaomi Corporation, Blue Air, Coway, Whirlpool Corporation, Americair Corporation, Sharp Corporation, and Dyson Technology Limited have adopted new product launch and business expansion as their key strategies to expand their market foothold.

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