Press release
Smart Air Purifiers Market was valued at US$ 5.5 billion in 2020, and is projected to reach US$17.7 billion by 2032.
Allied Market Research recently published a comprehensive report on the smart air purifiers market, which highlights various important aspects of the industry. The landscape is expected to gain a value of $17.7 billion by 2032, having witnessed a worth of $5.5 billion in 2020. This indicates a notable CAGR of 10.1% over the projected period from 2023 to 2032. The report offers a holistic analysis of current and upcoming trends, top market segments, regional outlook, key investment pockets, value chain assessments, and an overview of the competitive landscape.
The AMR study also explores the competitive environment, utilizing analytical tools such as Porter's Five Forces to provide a thorough understanding of market dynamics. Additionally, the report outlines key growth drivers, restraints, and investment opportunities, giving companies and shareholders valuable insights to make informed decisions.
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Key Factors Driving Market Growth
The research report explores the primary factors that are boosting the growth of the global smart air purifiers industry. Factors such as rising atmospheric pollution levels in cities, increasing awareness of the effects of air pollution on human health, and growing disposable income contribute to market growth. However, fluctuations in raw material costs and the fact that some smart air purifiers release ozone as part of their cleaning process hinder the industry's progress to some extent.
Nevertheless, investments in R&D activities and technological innovations provide ample opportunities for market expansion in the coming years. Understanding such factors helps an organization improve its strategies and maintain competitiveness. In relation to this, the appropriate communication and coordination with the stakeholders create greater trust and lead toward long-term business associations, enhancing the market position of any firm.
Latest Trends Shaping the Smart Air Purifiers Industry
Integration with smart home systems
Smart air purifiers are compatible with home automation systems such as Amazon Alexa, Google Assistant, and Apple HomeKit. For example, the Dyson Pure Cool can be managed through voice commands, permitting customers to turn settings on and off based on real-time quality data of the air.
Advanced filtration technologies
New filtration techniques like HEPA H13 and activated carbon blends are becoming standard in high-end models. The Coway Airmega features a Max2 filter that combines both, offering enhanced allergen and odor removal to cater to health-conscious consumers.
Industry News & Update
In November 2022, Samsung launched its newest range of IoT-enabled air purifiers, the AX32 and AX46, in India. These modern devices are available in grey and beige colors on Samsung's website and at specialty stores. The AX46 and AX32 models offer incredible performance by removing 99.97% of nano-sized particles, bacteria, ultrafine dust, and allergens. Furthermore, Samsung's new air purifiers are made to efficiently eliminate formaldehyde and other harmful volatile organic compounds (VOCs).
For More Information@ https://www.alliedmarketresearch.com/smart-air-purifiers-market
Competitive Landscape
The AMR research report provides a competitive analysis of the global smart air purifiers industry, helping businesses and stakeholders understand the strategies and market positioning of major players. This insight enables companies to adapt their tactics, identify growth opportunities, and enhance their market presence, ultimately making better decisions and promoting industry growth and innovation.
Key companies profiled in the report are:
Dyson Technology Limited
Coway Co. Ltd.
Xiaomi Corporation
Sharp Corporation
Koninklijke Philips N.V.
LG Electronics Inc.
Unilever PLC
Levoit
Winix Inc.
Honeywell International Inc.
To summarize, Allied Market Research provides customized solutions to help businesses gain a competitive edge. The AMR study on the global smart air purifiers market offers in-depth data and insights, enabling companies to review their strategy, stay ahead of competitors, and expand their global presence.
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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. 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 domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry
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