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Global Smart Air Purifier Market: Exponential Growth with Pristine Air Quality Monitoring Needs and Technology Integration Trends
Global Smart Air Purifier Market
What Is The Projected Market Size Of The Global Smart Air Purifier Market And Its Growth Rate?
The smart air purifier market is projected to see significant growth in the coming years:
• Current market value in 2024: $8.54 billion
• Projected market value in 2025: $9.47 billion, growing at a CAGR of 11.0% fueled by growing awareness of indoor air pollution and urban living.
• Expected market value in 2029: $15.98 billion with a projected CAGR of 14.0%. This growth can be attributed to the wide-scale adoption of IoT, home automation, and smart home technology.
What Is Driving The Growth In The Smart Air Purifier Market?
The escalating prevalence of airborne diseases is a significant contributor to the smart air purifier market's growth globally. As airborne diseases like COVID-19 spread via aerosolized particles or droplets from one person to another, the utilization of air purifiers has surged, in particular, among patients with respiratory issues. An example of this is the rise in tuberculosis cases in the United States, which prompted increased usage of air purifiers. Consequently, the growing prevalence of airborne diseases is set to boost the smart air purifier market's growth.
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Who Are the Key Players Driving Smart Air Purifier Market Growth?
Key players providing momentum to the market growth include:
•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, among others.
What Are The Key Trends In The Smart Air Purifier Market?
Key trends in the forecast period include:
•Integration of 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
•Environmental impact assessment of air purifiers
•Utilization of HEPA and UVC filtration for virus removal
What Are The Segments Of The Global Smart Air Purifier Market?
The smart air purifier market has been segmented as per the following categories:
1) By Product Type: Dust Collectors, Fume And Smoke Collectors, and Others
2) By Technique: High-Efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Purifiers, Activated Carbon Filtration, among others
3) By End-Users: Residential and Commercial
4) By Distribution Channel: Aftermarket and Original Equipment Manufacturers
Which Region Leads The Smart Air Purifier Market?
Asia-Pacific region stood as the largest regional market for smart air purifiers in 2024. The smart air purifier market report covers all global regions, including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Smart Air Purifier Market Global Market Report?
- Market Size Analysis: Analyze the Smart Air Purifier Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Air Purifier Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Air Purifier Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Air Purifier Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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