Press release
Smart Air Purifiers Market Worth $10,411.4 Million by 2027 | Key Drivers, Restraints & Opportunity
Smart Air Purifiers Market
According to a new report published by Allied Market Research, titled, “Smart air purifier Market by Type, Technique, and End User: Opportunity Analysis and Industry Forecast, 2020–2027,” the global smart air purifier market size was valued at $5,200.0 million in 2019, and is projected to reach $10,411.4 million by 2027, registering a CAGR of 11.6% from 2020 to 2027.
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Smart Air Purifiers Market, by Type (Dust Collectors, Fume & Smoke Collectors, and Others), Technique (High-Efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Purifiers, Activated Carbon Filtration, and Others), and End User (Residential, Commercial, and Others)
By product, the dust collectors, segment dominated the smart air purifier market in 2019, in terms of revenue. This was attributed to the rise in dust pollution due to growing construction activities specially in developing countries.
Moreover, depending on end-user, the commercial segment is expected to grow at the highest CAGR during the forecast period, owing to increase in commercial constrution and industrialization in countries such as India, Brazil, and others.
The major benefit of a smart air purifier is that users can track and control indoor air quality and change basic settings through smartphones. Moreover, increase in awareness regarding adverse effects of pollution on health is encouraging various electronics companies to develop advanced air purifiers.
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Key Players
Key companies profiled in the smart air purifier market report include 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), Winix Inc.. The product launch is the key strategy being adopted by the key players to remain competitive in the market.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging smart air purifier market trends and dynamics.
In-depth market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.
Extensive analysis of the smart air purifier market 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 global smart air purifier market forecast analysis from 2020 to 2027 is included in the report.
The key players within smart air purifier market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the smart air purifier industry.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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