Global Smart Air Purifier Market by Technology (HEPA Filter, Activated Carbon), by Application (Commercial, Residential) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global smart air purifier market was worth USD 2,101.7 millions. The market is expected to grow due to rising demand for anti-pollution product due to high levels of pollution. The product will be adopted in the near future due to the rising incidence of airborne diseases.

Air purifiers can remove dust, mites and mold as well as pet dander, smoke particles from vehicles, cooking smoke, and other gaseous pollutants. The smart air purifiers can monitor and control the air quality using a smartphone-enabled application that also displays live data. The product can also track indoor air quality over time, allowing consumers to see the times with the best and worst quality. The adoption of smart air purifiers and filters is expected to increase due to the increasing deterioration in air quality caused by high levels of smoke, pollution, and PM2.5.

The World Health Organization (WHO) states that 9 out 10 people inhale contaminated air with high levels of pollutants. According to the WHO, indoor and outdoor air pollution are responsible for approximately 7 million premature deaths each year. 3.8 million of these people die from indoor pollution. The market for smart air purifiers is expected to grow over the forecast period due to the increasing awareness about the benefits of air purifiers and the degrading air quality in different regions.

High levels of indoor pollutants and PM2.5 increase the risk of heart disease, lung diseases, eye irritation, dizziness and fatigue, as well as other illnesses. To meet growing demands, manufacturers focus on product innovation and product launches.

Technology Insights

The market leader in 2018 was HEPA (High Efficiency Particulate Air) filter technology, which held a more than 85.4% share. This segment is expected to grow at the fastest rate during the forecast period. HEPA is a mechanical filter that draws air through a fine mesh. This traps harmful particles like pollen, tobacco smoke and dust mites. These filters are portable and small enough to be used in a single room. This product can also remove 99.97% pollution particles.

The CAGR for activated carbon technology is 12.5% between 2019 and 2025. These filters are made of small pieces in granular carbon that absorb allergens and contaminants. Activated carbon's pores capture pollutants by absorbing them. This makes it an efficient technology to eliminate odor, chemicals and smoke. This filter is not able to remove allergens and dust from the environment. Therefore, it is only available for residential use.

Application Insights

From 2019 to 2025, commercial applications are expected to grow at 12.3% CAGR. Commercial spaces are more susceptible to airborne diseases due to the large number of people living in one room. When it comes to reducing our carbon footprint, commercial buildings are an important focus area. Different regulations have been set by governments regarding the construction of commercial buildings and offices, both in terms of design and operation. The United States Green Building Council (LEED) certifies that buildings are energy efficient and environmentally responsible. This program is focused on air handling units that control temperature, ventilation and airborne contaminants. This feature is expected to be in high demand for commercial applications.

Harvard University's study found that people who work in areas with low indoor pollution have better cognitive function than those who work in offices with high levels of pollutant. Also, improved air quality can lead to higher productivity. In the coming years, the segment will see a positive shift in awareness and health among employers.

The highest market share for residential applications was 66.9% in 2018. This is due to increasing indoor pollution. Consumers are more likely to purchase the product due to rising prevalence of respiratory diseases like asthma and allergies. The ease of using the smart products is a major plus. These products can be installed in residential areas to monitor and control the air quality and eliminate odor, smoke, and dust particles.

Regional Insights

Asia Pacific accounted for 40.8% of the global market in 2018, which was the largest share. The region's product demand will be fueled by rising pollution levels in India and China. According to WHO, India and China accounted for around half of all global air pollution-related deaths in 2015. India is home to 13 of the 20 most polluted places in the world. According to a Greenpeace 2017 report, India's air pollution is responsible for 1.2 million premature deaths each year. China and India have taken a variety of measures, including a graded air quality response system and emission reducing conversions for automobiles. This will drive regional demand over the forecast period.

North America is experiencing growth due to increasing awareness about smart purifiers and health consciousness. National air quality standards have been established through strict government regulations, such as the Clean Air Act (U.S. Environmental Protection Agency) in 1970). The region has seen a rise in product applications due to the establishment of large commercial offices in Canada and the U.S.

Market Share Insights & Key Companies

Globally, the market is very competitive with top players like Honeywell International Inc., Koninklijke Philips N.V., Sunbeam Products, Inc., Blueair, COWAYCO. LTD.; Whirlpool, Americair Corporation, Sharp Corporation; Dyson. To increase product offerings, market players are implementing mergers and acquisitions strategies. Companies also focus on increasing their production capacity and innovating products to meet growing demand.

Smart Air Purifier Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2015 to 2025. Grand View Research has divided the global smart purifier market report based on technology, region, and application.

• Technology Outlook (Revenue USD Million, 2015-2025)

  • HEPA Filter

  • Activated carbon

  • Other

• Application Outlook (Revenue USD Million, 2015-2025)

  • Residential

  • Commercial

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

  • Germany

  • The U.K.

  • Asia Pacific

    • China

    • India

  • Central & South America

  • Brazil

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global smart air purifier market was valued at USD 2.28 Billion in 2019, and is forecast to grow to USD 2.52 Billion by 2020.

b. Global smart air purifier markets are expected to expand at 12.2% compound annual growth rate from 2019 to 2025, to reach USD 4.71 Billion by 2025.

b. With a 32.8% share in 2019, North America was the market leader in smart air purifiers. This can be attributed to increasing consumer awareness about air quality and acceptance of cloud-based technology. Key manufacturers also continue their R&D efforts.

b. Honeywell International Inc., Koninklijke Philips N.V., Sunbeam Products, Inc., Blueair, and COWAYCO are some of the key players in smart air purifier markets. LTD.; Whirlpool, Americair Corporation, Sharp Corporation, and Dyson.

b. Market growth is driven by the increasing prevalence of airborne illnesses, increased demand for anti-pollution product owing to high levels of pollution, and smart features like live air monitoring via smart devices.

Up Market Research published a new report titled “Smart Air Purifier Market research report which is segmented by Technology (HEPA Filter, Activated Carbon), by Application (Commercial, Residential), By Players/Companies Inc; Xiaomi Corporation; Blueair; COWAYCO LTD; Whirlpool; Americair Corporation; Sharp Corporation; and Dyson, Honeywell International Inc; Koninklijke Philips NV; Sunbeam Products”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Smart Air Purifier Market Report Segments:

The market is segmented by Technology (HEPA Filter, Activated Carbon), by Application (Commercial, Residential).

Smart Air Purifier Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Smart Air Purifier Market

Overview of the regional outlook of the Smart Air Purifier Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Smart Air Purifier Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Smart Air Purifier Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. HEPA Filter

                2. Activated Carbon

                1. Commercial

                2. Residential

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Smart Air Purifier Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Smart Air Purifier Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.