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The global smart air purifiers market reached approximately USD 7.44 billion in 2023. The market is further projected to grow at a CAGR of 10.1% between 2024 and 2032, reaching a value of USD 16.07 billion by 2032.
Smart air purifiers refer to automatic air filtering systems that remove air contaminants and improve the quality of indoor air. These devices are beneficial for individuals suffering from asthma and allergies and also aid in the elimination or reduction of second-hand tobacco smoke. Smart air purifiers also offer wider smart home integration, voice control, and scheduling settings.
On the basis of type, the market is bifurcated into dust collectors and fume and smoke collectors. Based on technology, the market is divided into high-efficiency particulate air (HEPA) and activated carbon filtration, among others.
On the basis of application, the market is classified into residential and commercial. Based on distribution channel, the market is categorised into online and offline. On the basis of region, the smart air purifiers market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
High-Efficiency Particulate Air (HEPA) filter technology is expected to account for a significant smart air purifiers market share owing to the ability of the air filters to theoretically remove at least 99.97% of bacteria, pollen, and dust, among others. HEPA air filters comprise of thousands of extremely fine fibres that are arranged in a manner that allows them to intercept both large and microscopic particles. The selection of correct HEPA filter ensures the efficient removal of pollutants from the room, improving the quality of air.
The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the rising levels of pollution in countries including India and China and increasing disposable incomes. These purifiers combine voice control with app and aid in monitoring the quality of air, enhancing consumer convenience, and propelling the smart air purifiers market demand. The growing prevalence of asthma in the region is further boosting the product requirement as smart air purifiers help in alleviation of asthma symptoms.
Honeywell International Inc., headquartered in North Caolina, United States is one of the leading manufacturing and technology companies, operating in four major areas of businesses, namely performance materials, technologies, aerospace, and building technologies.
LG Corporation, headquartered in Seoul, South Korea, is involved in various sectors including chemicals, electronics, engineering, telecommunication, power generation, and information technology, among others. The company also manufactures smart air purifiers.
Koninklijke Philips N.V., headquartered in Amsterdam, Netherlands, is a diversified technology company that manufactures and develops consumer electronic products and medical systems. The company is dedicated towards delivering high quality products to their customers in order to enhance their health and well-being.
Other smart air purifiers market key players include Hamilton Beach Brands, Inc., Xiaomi Corporation, Coway Co Ltd, Unilever PLC, Sharp Electronics Corporation, Vesync Co., Ltd., and Winix Inc., among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Technology |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 7.44 billion in 2023.
The market is projected to grow at a CAGR of 10.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 16.07 billion by 2032.
The major market drivers include rising construction activities and increasing awareness about the various health benefits offered by smart air purifiers.
The key trends fuelling the growth of the market include enhanced consumer convenience due to the provision of wi-fi and mobile application connectivity, filter replacement alerts, and real-time monitoring, among others and growing prevalence of allergies and asthma.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The applications of smart air purifiers include residential and commercial.
The key players in the market are Honeywell International Inc., LG Corporation, Koninklijke Philips N.V., Hamilton Beach Brands, Inc., Xiaomi Corporation, Coway Co Ltd, Unilever PLC, Sharp Electronics Corporation, Vesync Co., Ltd., and Winix Inc., among others.
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