Smart Air Purifier Market Overview

The Smart Air Purifier market has experienced significant growth and is expected to continue its expansion during the forecast period. As of 2022, the market size was valued at USD 5.9 billion. Looking ahead, the market is projected to grow from USD 6.63 billion in 2023 to USD 17.05 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.52% during the forecast period from 2023 to 2032.

The report presents a detailed overview of the global smart air purifier market by profiling the market’s historical growth trajectory and present conditions. This information is used to produce accurate, reliable projections about the market’s likely growth trajectory over the forecast period till 2027. Primary and secondary information is used in the report to gain an accurate picture of the market’s present condition. Major drivers and restraints affecting the global smart air purifier market are examined in the report to provide a clear overview of the market’s major motivators. Leading players operating in the global smart air purifier market are also profiled in the report to give readers an accurate overview of the competitive landscape of the market. The report also examines the impact of the COVID-19 pandemic on the global smart air purifier market.

Smart air purifiers are air purifiers that not only purify the air in the room, but also store data about the pollutants. Smart air purifiers can provide data related to the concentration of particular pollutants and the concentration of pollutants at specific times of the day. This information can be sent to a mobile application connected to the air purifier device. This gives the user info about the times of day when the pollutants are most concentrated and when the air is cleanest. This also gives the user info about which pollutants and particulates are most common in their premises. Growing awareness about airborne pollutants and particulates and the damage they can cause to the respiratory system is likely to be a major driver for the global smart air purifier market over the forecast period. With growing awareness, residential as well as commercial users are looking for ways to counter airborne pollution inside their premises. This is likely to be a major driver for the smart air purifier market over the forecast period.

Growing technological advancement in smart home technology is also likely to be a major driver for the global smart air purifier market over the forecast period. Smart home technology has become a major avenue for technological advancement and investment in recent years due to the growing demand for smart home technology in various applications. Many major electronics industry players have made major advancements in smart home technology in recent years due to the growing demand for the same. The growing disposable income of urban consumers in developing countries has also been a major driver for the smart home technology sector in recent years, with many consumers now able to afford high-tech appliances that incorporate smart home technology. This, coupled with the growing awareness among consumers about airborne pollutants, is likely to be a major driver for the global smart air purifier market over the forecast period.

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Key Players

Leading players in the global smart air purifier market include

·       Whirlpool Corporation

·       Alencorp

·       Sharp Electronics Corporation

·       Sunbeam Products Inc.

·       Koninklijke Philips NV

·       Coway Co. Ltd.

·       Blueair

·       LG Electronics

·       Xiaomi

·       Honeywell International

Segmentation:

The global smart air purifier market is segmented on the basis of type, technology, application, sales channel, and region.

·       By type, the global smart air purifier market is segmented into dust collectors, fume and smoke collectors, and others.

·       By technology, the global smart air purifier market is segmented into high-efficiency particulate air filters, activated carbon filtration, and others.

·       By application, the global smart air purifier market is segmented into residential, commercial, and others.

·       By sales channel, the global smart air purifier market is segmented into OEM and aftermarket.

Regional Analysis:

Asia Pacific accounted for the largest market share in the global smart air purifier market due to the growing consumer electronics industry in the region and the growing urbanization in the region.

Industry news

Smart Air Purifier Market Trends show an increased demand for smart air purifiers in the current global market. However, the recent Covid-19 pandemic affected the manufacturing rates in the past year(s). The high cost of smart purifiers has affected a decline in the Smart Air Purifier market growth to some extent. But, the expected Smart air purifier CAGR across most industries is still substantial.

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