Press release
Rapid Growth Ahead: Smart Air Purifiers Market Expected to Touch $17.65 Billion by 2032
Allied Market Research has released a report titled, "Smart Air Purifiers Market by Product Type (Dust Collector, Fume & Smoke, Others), Technique (HEPA, Thermodynamic Sterilization System, Ultraviolet Germicidal Irradiation, Ionizer, Activated Carbon Filtration, Others), and End User (Residential, Commercial, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032." According to the report, the global smart air purifiers market was valued at $5,475.0 million in 2020 and is projected to reach $17,656.3 million by 2032, growing at a CAGR of 10.1% from 2023 to 2032.Smart air purifiers are advanced technological devices designed to improve indoor air quality and human health. They help reduce exposure to pollutants and maintain ideal indoor humidity levels. These devices typically feature built-in sensors, Wi-Fi or Bluetooth connectivity, and mobile app integration, enabling remote monitoring and management of air quality.
Key Drivers of Growth
Rising air pollution-related health concerns
Increased awareness of indoor air quality
Higher disposable income and willingness to invest in health
Opportunities exist through technological innovations and investments in R&D, while challenges include fluctuating raw material prices and ozone emissions from certain purifiers. Manufacturers are leveraging AI and nanotechnology to improve product efficiency and gain a competitive edge.
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COVID-19 Impact
The COVID-19 pandemic initially led to a decline in market demand due to global lockdowns. However, as conditions improved, demand rebounded, creating new growth opportunities for manufacturers.
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Segment Insights
By Product Type
The dust collector segment held the largest share in 2022, accounting for around 50% of revenue, and is expected to maintain leadership with a projected CAGR of 11.3% through 2032. The segment benefits from features like high filtering efficiency and low maintenance costs.
By Technique
The HEPA filtration segment dominated in 2022, contributing to less than 40% of revenue, and is forecasted to continue leading the market with a CAGR of 11.5%. HEPA purifiers are preferred due to their 99.5% efficiency in filtering particles as small as 0.3 microns.
By End User
The residential segment was the largest in 2022, accounting for less than two-thirds of revenue, driven by the convenience and efficiency of smart air purifiers in removing viruses, bacteria, pollen, pet dander, and smoke.
The commercial segment is expected to grow at the highest CAGR of 11.5%, due to increasing concerns over indoor air quality in offices and public spaces.
By Region
North America held the largest market share in 2022, accounting for more than one-third of revenue, owing to industrialization and active market players in the region.
Asia-Pacific is anticipated to experience the fastest CAGR of 14.6%, driven by rapid urbanization, construction, and infrastructure development in countries like India and China.
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Leading Market Players
Coway Co. Ltd.
Dyson Technology Limited
Honeywell International Inc.
Levoit
LG Electronics Inc.
Koninklijke Philips N.V.
Sharp Corporation
Unilever PLC (Blueair AB)
Winix Inc.
Xiaomi Corporation
These companies are actively pursuing strategies like new product launches, expansions, acquisitions, and collaborations to strengthen their market position. The report offers detailed insights into business performance, product portfolios, operating segments, and strategic initiatives for these leading players.
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Contact:
David Correa
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Corporation Trust Center,
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Delaware 19801 USA.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" 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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