|01-10-2019 12:43 PM CET - Business, Economy, Finances, Banking & Insurance||
Smart Air Purifier Market Size To Grow At Highest CAGR From 2019 To 2023 - Honeywell International, Xiaomi, LG Electronics, Blueair, COWAYCO, LTD, Koninklijke Philips N.V, Sunbeam Products
Press release from: Market Research Future
Smart Air Purifiers Market 2018
Smart Air Purifiers Market 2018 is latest research report by MarketResearchFuture, the global Smart Air Purifiers market is expected to Register High Growth Rate during 2018 To 2023. Report analyzes Smart Air Purifiers Market Key Companies with Size, Share, Trends analysis, and Key Country Forecast to 2023. Smart Air Purifiers Market Information is segmented by Smart Air Purifiers Market Research Report by Type (Dust Collectors, Fume & Smoke Collectors, and Others), Technique (High-efficiency Particulate Air, Thermodynamic Sterilization System, Ultraviolet Germicidal Irradiation, and Others), End-user (Residential, Commercial), and Region (North America, APAC, Europe, RoW)-Global Forecast to 2023
Market participants of note such as Coway, Sunbeam Products Inc., Koninklijke Philips, Whirlpool Corporation, Dyson Technology Limited, Xiaomi Corporation, Blue air, Americair Corporation, Honeywell International Inc., and Sharp Corporation have been profiled extensively in the report on the global superdisintegrants market.
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Advancements in technology along with growing air pollution problems have contributed to the demand for air purification technology. The global smart air purifier market is anticipated to grow at a CAGR of 11.41% during the review period from 2018 to 2023. Smart air purifiers take the traditional technology to the next level as it allows increased participation from the consumer in controlling the air quality. The global smart air purifier market generated a market value of USD 4,410 Mn in 2017, and with the forecasted growth rate, the market is likely to reach an evaluation of USD 8432.23 Mn by the end of 2023.
Ongoing economic development, particularly in emerging economies has resulted in increased awareness regarding air purifiers. The development of smart air purifiers has received a lot of attention and demand due to the increase in pollution in urban areas. The growth of urbanization has increased air pollution levels, and decreasing air quality has also resulted in increasing lung problems as well as allergies. As a result, consumers are increasingly investing in smart air purifiers which help control and track air quality as well as remote control. High demand is expected for the products of this market in the coming years. Emerging economies represent the highest scope from growth.
However, it should be noted, that set up costs for smart air-purifiers are on the high side, and they require consistent, periodic maintenance services, thus restraining market growth.
Market Research Future's report on the global smart air purifiers market provides a detailed, yet the concise representation of the state of the market. Current trends have been observed and analyzed alongside historical occurrences to effectively project vital market facts and figures for the forecast period from 2018 to 2023. The report segments the market on the basis of defining factors such as type, technique, end-user, and region. Geographical segmentation of the market presents a regionwise view of the market to identify local as well as global trends. MRFR has included observations and recorded data regarding important market participants and their role in the fluctuations of market growth.
Market Research Future reviewed various concepts and theories in tandem with previous findings before formulating a hypothesis about the global smart air purification market. Data collection makes up a key part of the research process. Primary methods of data collection include interviews with CEO's, VPs and other top-level executives, while secondary methods such as periodicals, industry trade associations, and other public sources are used to provide a panoramic view of the total market. MRFR uses both top-down, and bottom-up approaches ensure accuracy in the estimation and validation of market size. All parameters relevant to smart air purification and factors that influence changes in the market have been recorded, analyzed and delivered in a concise form along with prudent observations regarding the same made by experienced data analysts.
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Table Of Contents
Scope Of The Report
Global Smart Air Purifier Market, By Type
Global Smart Air Purifier Market, By Technology
Global Smart Air Purifier Market, By Application
Global Smart Air Purifier Market, By Sales Channel
Global Smart Air Purifier Market, By Region
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