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Smart Air Purifier Market 2024-2033 - Size, Growth, Key Trends & Competitive Landscape
Smart Air Purifier Market
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According to The Business Research Company's, The smart air purifier market size has grown rapidly in recent years. It will grow from $7.76 billion in 2023 to $8.68 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to air quality concerns and pollution, health and wellness trends, allergies and respiratory conditions, awareness of indoor air pollution, growth in urban living..
The smart air purifier market size is expected to see rapid growth in the next few years. It will grow to $14.25 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to iot integration for smart air monitoring, demand for virus and pathogen removal, growth in home automation and smart homes, sustainable and eco-friendly purification methods, remote air quality control through smartphones, adoption of air purifiers in healthcare facilities.. Major trends in the forecast period include ai and machine learning for air quality prediction, personalized and adaptive purification settings, smart purifiers with air quality alerts and insights, air purification for workplaces and shared spaces, air purifiers with environmental impact assessment, hepa and uvc filtration for virus removal..
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Market Drivers and Trends:
The increasing prevalence of airborne diseases is expected to fuel the growth of the smart air purifier market going forward. Airborne diseases such as COVID-19 are caused by the transmission of viruses through the air from one person to another in the form of droplets or aerosolized particles. Rising airborne disease cases promote the use of air purifiers as the patients face breathing issues. For instance, according to the World Health Organization, a specialized government agency of the United Nations, as of July 11, 2021, there were 558 million COVID-19 cases globally. Therefore, the increasing prevalence of airborne diseases will increase the growth of the smart air purifier market.
Technological advancements are shaping the smart air purifier market. Major companies operating in the smart air purifier market are focused on developing new technological solutions to strengthen their position and meet consumer demand. For example, in May 2021, Levoit, a US-based air purifier company, launched the Levoit VeSync Core 400s, an air purifier with HEPA Smart Technology. This captures bacteria, viruses, mold, pollen, and pet dander as well as neutralizes smoke, volatile organic compounds, cooking smells, fumes, and pet odors. It senses air quality changes up to ten times faster and automatically adjusts the fan speed.
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Major Key Players of the Market:
Honeywell International Inc., Koninklijke Philips N.V., Xiaomi Corp., Unilever Blueair, Coway Co. Ltd., Sharp Corporation, Dyson Technology Limited, LG Electronics Inc., Sunbeam Products Inc., Whirlpool Corporation, Amaircare Corp., Alen Corp., Arovast Corporation, Winix Inc., Bluestar Limited, Smart Air Filters Pvt. Ltd., Oransi LLC, Airpura Industries Inc., 3M Company, Sharp Corporation, Dyson Limited, Hamilton Beach Brands Inc., A.O. Smith Corporation, Airfree Produtos Electrónicos Ltda, Blueair AB, Coway Co. Ltd., IQAir AG, Levoit Technologies LLC, Molekule Inc., Sunbeam Products Inc.
Smart Air Purifier Market 2024 Key Insights:
• The smart air purifier market size is expected to see rapid growth in the next few years. It will grow to $14.25 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%.
• Rising Airborne Diseases Drives The Market
• Innovative Technological Solutions Driving The Smart Air Purifier Market
• Asia-Pacific was the largest region in the smart air purifier market in 2023
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