Smart Air Purifier Market Prognosticated For A Ravishing Growth By 2028 | by Honeywell International Inc, Xiaomi Corporation, Blueair

New Jersey, United States - Analysis of Smart Air Purifier Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast

By 2025, the market for smart air purifiers is projected to be worth USD 4.71 billion, with a compound annual growth rate (CAGR) of 12.2% throughout that time. Due to rising pollution levels, there is expected to be an increase in demand for anti-pollution goods. In the near future, it is projected that the rising frequency of airborne infections would accelerate the use of the product. Nine out of ten people, according to the World Health Organization (WHO), breathe air that is polluted and high in contaminants. According to the report, air pollution causes roughly 7 million premature deaths year, including 3.8 million fatalities from exposure to indoor air pollution.

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In addition to other pollutants, air purifiers assist in removing dust, dust mites, mildew, pet dander, smoking, vehicle exhaust, kitchen smoke, and gaseous pollutants. Through a smartphone-compatible app that also gives real-time readings of the air quality data, smart air purifiers allows monitoring and management of the air quality. Additionally, the tool aids in monitoring indoor air quality over time, allowing users to notice the times of day with the greatest and worst air quality. High levels of smoking, pollution, and PM2.5 are expected to worsen air quality, which will encourage people to use smart air filtration and purifier solutions. The market for smart air purifiers is predicted to be driven by declining air quality across all areas and growing public awareness of the benefits of utilising air purifiers.

Global population growth and industrialisation have increased air pollution levels by causing emissions of toxic gases, fine particulate matter (PM), volatile chemicals, and biological components. The developing world is seeing increased levels of carbon emissions as a result of fast industrialisation and strict compliance standards for pollution monitoring. The significant amount of harmful gases brought on by urbanisation are a result of the high number of automobile emissions. Additionally, the substantial amount of chlorofluorocarbons (CFCs) found in refrigerators contributes to the growth in airborne diseases. As a result, it is anticipated that smart air purifiers would experience significant product acceptance in the years to come.

Segmentation

With a market share of more than 85.4% in 2018, High-Efficiency Particulate Air (HEPA) filter technology was the industry leader. During the projection period, the category is also predicted to have the quickest CAGR. A mechanical filter called a HEPA typically works by pulling air into a tiny mesh to catch dangerous particles including dust mites, pollen, and tobacco smoke. These filters are compact, transportable, and often only effective in a single room. Additionally, this solution may remove 99.97% or more of the pollutants.

From 2022 to 2028, commercial application is anticipated to grow at a CAGR of 12.3%. Due to the high concentration of people in a room, commercial facilities have a higher risk of airborne infections. When it comes to lowering carbon footprint, commercial buildings are a top priority. The design and operation of offices and other commercial buildings are subject to a number of restrictions enforced by governments. For instance, the USGBC requires Leadership in Energy and Environmental Design (LEED) accreditation, which encourages energy efficiency and environmental responsibility in building design.

Regional analysis

40.8% of the market was accounted for by the Asia Pacific region in 2018. It is projected that rising pollution levels in nations like China and India would drive up regional product demand. The WHO reports that in 2015, China and India were responsible for around 50% of all air pollution-related fatalities worldwide. In addition, India is home to 13 of the world's 20 most polluted cities. A 2017 Greenpeace analysis states that 1.2 million premature deaths occur in India each year as a result of air pollution. The governments of China and India have taken a variety of actions, including grading response systems for air quality and automotive emission converters. During the projected period, it is predicted that this factor would fuel regional demand.

Due to rising health consciousness and understanding of smart purifiers, North America is expanding. National air quality standards have been linked to the implementation of strict government laws to enhance air quality standards, such as the Clean Air Act passed by the U.S. Environmental Protection Agency (EPA) in 1970. In addition, the region's product application has expanded as a result of the construction of huge commercial buildings and offices in nations like the United States and Canada.

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Key Players

Honeywell International Inc.; Xiaomi Corporation; Blueair; COWAYCO. LTD.; Whirlpool; Koninklijke Philips N.V.; Sunbeam Products, Inc.; Americair Corporation; Sharp Corporation; and Dyson.

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