Press release
Smart Air Purifier Market Growth with Key Drivers, Business Insights At a CAGR of 11.6% To 2026
According to a new report published by Allied Market Research, titled, 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. Smart air purifiers can be connected to smartphones with the help of an application and can be 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.Players in the smart air purifier market has adopted product launch as their key developmental strategies to sustain intense competition and expand their foothold in the global air purifier market. For instance, in November 2019, Xiaomi Corporation based in China has launched new smart air purifier "Mi Air Purifier 3". This air purifier is equipped with three layers of filtration; primary filter, HEPA filter, and activated carbon filter.
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Leading Players:
The key players 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), and Winix Inc.
Market Segments -
By Product Type
• Dust collectors
• Fume and smoke collectors
• Others
By Technique
• High-efficiency Particulate Air (HEPA)
• Thermodynamic sterilization system(TSS)
• Ultraviolet germicidal irradiation
• Ionizer purifiers
• Activated Carbon Filtration
• Others
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Key Findings Of The Study
• The report provides an extensive analysis of the current and emerging smart air purifier market trends and dynamics.
• Depending on product type, the dust collector segment dominated the smart air purifier market, in terms of revenue in 2019 and is projected to grow at a significant CAGR during the forecast period.
• By end user, the residential segment registered highest revenue in 2019.
• Asia-Pacific is projected to register the highest growth rate in the coming years.
• The key players within the 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.
• The report provides an extensive analysis of the current trends and emerging opportunities of the market.
• The in-depth smart air purifier market analysis is conducted by constructing estimations for the key segments between 2020 and 2027.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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 domain.
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