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Smart Air Purifier Market Size, Share & Growth Report | 2031
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Smart Air Purifier Market Size, Share & Growth Report | 2031

Segments - Smart Air Purifier Market by Technologies (HEPA Filter, Activated Carbon, and Others), Applications (Residential and Commercial), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Debadatta Patel
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Fact-checked by : PARTHA PAUL
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Editor : Shruti Bhat

Upcoming | Report ID :CG-303 | 4.7 Rating | 74 Reviews | 190 Pages | Format : PDF Excel PPT

Report Description


Smart Air Purifier Market Outlook 2031

The global smart air purifier market size was valued at USD 5.90 Billion in 2022 and is likely reach to USD 16.69 Billion by 2023, expanding at a CAGR 12.25% during the forecast period, 2023–2031. The growth of the market is attributed to rising efforts to eradicate airborne disease and maintain clean and healthy environment.

Smart air purifier is a device that removes contaminants from the air in a room to improve the indoor air quality. The market’s target consumers are allergy sufferers, asthmatics, and people who wants to reduce the effect of second hand tobacco smoke.

A smart air purifier helps in monitoring and controlling the air quality through a smartphone enabled app, which also provides live reading of air quality data.

Smart Air Purifier Market Outlook

The product also helps in tracking indoor air quality over a period of time enabling consumers to observe the time of the day with the best and worst air quality. Smart air purifiers are used to eliminate dust, dust mites, pet dander, smoke particles, vehicle exhaust, cooking smoke, and gaseous pollutants that are accumulated in the installed surrounding area.

  • Increasing disposable income is driving the demand in the emerging economies.
  • Rapid urbanization and Improving lifestyle are positively influencing the market growth.
  • Growing consumer health awareness across the globe is expected to propel the growth of the market.
  • Increasing consumer demand for advanced residential products is anticipated to positively impact the market growth.
  • The outbreak of COVID-19 pandemic has drastically slowdown the manufacturing industry. However, the rising awareness about personal hygiene is propelling the market growth.

Scope of The Smart Air Purifier Market Report

The report on the smart air purifier market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Smart Air Purifier Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Technologies (HEPA Filter, Activated Carbon, and Others), Applications (Residential and Commercial)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

Coway Co., Ltd., Dyson Technology Limited, Honeywell International Inc., Koninklijke Philips N.V., Levoit, LG Electronics Inc., Xiaomi Corporation, Sharp Corporation, Unilever PLC, and  Winix Inc

Smart Air Purifier Market Segment Insights:

HEPA filter segment anticipated to grow at a rapid pace

On the basis of technologies, the market is divided into HEPA filter, activated carbon, and others. The HEPA filter segment is anticipated to account for a major share during the forecast period. HEPA filter is a type of mechanical filter, which usually works by drawing air in a fine mesh, and helps in trapping harmful particles such as pollen, tobacco smoke, and dust mites.

These filters are small, portable, and usually work for a single room. the activated carbon segment is expected to grow at a healthy rate  during the forecast period. This filter type are available in granular form of carbon, which helps in absorbing contaminants and allergens.

The pores of activated carbon capture pollutants through adsorption and make it an effective technology for eliminating odour, chemicals, and smoke.

Smart Air Purifier Market Technologies

Commercial segment projected to grow at a healthy rate

Based on the applications, the market is segregated into residential and commercial. The commercial segment is projected to expand at a substantial CAGR during forecast period. Commercial spaces exhibit increased risk of airborne disease owing to the presence of a large number of people in confined space. Moreover, commercial buildings adopt smart air purifiers to reduce carbon footprint.

The residential segment expected to exhibit a high CAGR owing to increasing indoor air pollution. The convenience of operating the smart products bodes well for the product adoption in the residential segment.

Smart Air Purifier Market Applications

Smart Air Purifier Market Regional Outlook

North America accounts for a significant market share

On the basis of regions, the market is divided into Asia Pacific, North America, Latin America, Europe and Middle East & Africa. Asia Pacific held a largest market share during forecast period. The state government bodies of China and India have and undertaking number of measures such as graded air quality rating response system and emission reducing converters for automobiles, which is stimulating the demand for smart air purifiers.

The market in North America expected to grow at a healthy rate owing to increasing health consciousness and awareness regarding smart purifiers. Additionally, establishment of large commercial offices and buildings in countries such as the US and Canada have increased the scope of product application in the region.

Smart Air Purifier Market Region

Segments

Technologies

  • HEPA Filter
  • Activated Carbon
  • Others

Applications

  • Residential
  • Commercial

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

Competitive Landscape

Major players of the smart air purifier market are Coway Co., Ltd., Dyson Technology Limited, Honeywell International Inc., Koninklijke Philips N.V., Levoit, LG Electronics Inc., Xiaomi Corporation, Sharp Corporation, Unilever PLC, and  Winix Inc.,

In March 2021, the spokesperson of Honeywell said that the company is expected to acquire majority stake in Fiplex, a manufacturer of telecommunication products. The company also announced that it has secured USD 476 Million engine production contract for the US Army Chinook Fleet.
 

Smart Air Purifier Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Air Purifier Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Smart Air Purifier Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Smart Air Purifier Market - Supply Chain
  4.5. Global Smart Air Purifier Market Forecast
     4.5.1. Smart Air Purifier Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Smart Air Purifier Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Smart Air Purifier Market Absolute $ Opportunity
5. Global Smart Air Purifier Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Smart Air Purifier Market Size and Volume Forecast by Applications
     5.3.1. Residential
     5.3.2. Commercial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Smart Air Purifier Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Smart Air Purifier Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Smart Air Purifier Demand Share Forecast, 2019-2026
7. North America Smart Air Purifier Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Smart Air Purifier Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Smart Air Purifier Market Size and Volume Forecast by Applications
     7.4.1. Residential
     7.4.2. Commercial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Smart Air Purifier Demand Share Forecast, 2019-2026
8. Latin America Smart Air Purifier Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Smart Air Purifier Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Smart Air Purifier Market Size and Volume Forecast by Applications
     8.4.1. Residential
     8.4.2. Commercial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Smart Air Purifier Demand Share Forecast, 2019-2026
9. Europe Smart Air Purifier Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Smart Air Purifier Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Smart Air Purifier Market Size and Volume Forecast by Applications
     9.4.1. Residential
     9.4.2. Commercial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Smart Air Purifier Demand Share Forecast, 2019-2026
10. Asia Pacific Smart Air Purifier Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Smart Air Purifier Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Smart Air Purifier Market Size and Volume Forecast by Applications
     10.4.1. Residential
     10.4.2. Commercial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Smart Air Purifier Demand Share Forecast, 2019-2026
11. Middle East & Africa Smart Air Purifier Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Smart Air Purifier Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Smart Air Purifier Market Size and Volume Forecast by Applications
     11.4.1. Residential
     11.4.2. Commercial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Smart Air Purifier Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Smart Air Purifier Market: Market Share Analysis
  12.2. Smart Air Purifier Distributors and Customers
  12.3. Smart Air Purifier Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Coway Co., Ltd.
     12.4.2. Dyson Technology Limited
     12.4.3. Honeywell International Inc.
     12.4.4. Koninklijke Philips N.V.
     12.4.5. Levoit
     12.4.6. LG Electronics Inc.
     12.4.7. Xiaomi Corporation

Methodology

Our Clients

Nestle SA
Microsoft
Honda Motor Co. Ltd.
Dassault Aviation
Deloitte
sinopec
General Mills
Pfizer