The smart air purifiers market size was valued at $5.5 billion in 2020, and is estimated to reach $14.4 billion by 2030, growing at a CAGR of 10.1% from 2021 to 2030. Smart air purifiers can be connected to smartphones with the help of an application and controlled and operated remotely. Smart air purifiers have become essential components for smart homes, owing to their ability to connect with other devices through technologies, such as Bluetooth or Wi-Fi. It provides information about surrounding air quality in real time. Performance settings of smart air purifier can be fine-tuned using smartphone application.
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Rise in level of pollution in countries, such as India, China, Sri Lanka, Russia, and Brazil has triggered the demand for smart air purifiers. For instance, according to the World Health Organization (WHO), air quality in Brazil in 2021, was considered as moderately unsafe as it has concentration of PM2.5 exceeding 10 µg/m3. Growth in awareness regarding impact of air pollution on health around the globe has created the need for air purifiers. For instance, according to the HEI (Health Effects Institute) based in the U.S., air pollution contributed to 6.67 million deaths globally in 2020. This is expected to boost the growth of the smart air purifiers market during the forecast period.
Rise in number of deaths due to air pollution has created a serious concern regarding effect of air pollution on human health. For instance, according to the “State of Global Air Report 2020” published by HEI (Health Effects Institute, U.S.); 1.67 million deaths were reported in India, which can be attributed to air pollution. These kinds of developments have brought awareness among people about the effect of air pollution on human health, which is expected to accelerate adoption of smart air purifiers during the forecast period.
Furthermore, the emerging economies such as India, China, Brazil, and South Africa are witnessing increase in disposable income from past few years. For instance, in February 2020, National Bureau of Statistics, China has released data of Chinese economy. According to this data real disposable income per capita has increased by 5.8% from 2018 to 2019. This rise in disposable income may result in rise in expenditure on health, which is expected to lead to smart air purifiers market growth in near future.
COVID-19 has positively affected the demand for smart air purifiers during 2020 as HEPA filters are able to filter the coronavirus. However, production of smart air purifiers has hampered, owing to prolonged lockdown imposed by governments around the globe. This is expected to help in the growth of smart air purifiers market share.
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Key Players:
Coway Co., Ltd., Dyson Technology Limited, Honeywell International Inc., Levoit, LG Electronics Inc., Xiaomi Corporation, Koninklijke Philips N.V., Sharp Corporation, Unilever PLC (Blueair AB), Winix Inc.
Key Findings Of Study
- The report provides an extensive analysis of the current and emerging global smart air purifiers market trends and dynamics.
- By type, the fume and smoke collector segment dominated the market in terms of revenue in 2020.
- By techniques, the high-efficiency particulate air (HEPA) segment registered the highest growth in terms of revenue in the global smart air purifiers market in 2020.
- By end-user, the residential segment is projected to register the highest growth rate in the coming years.
- The report provides an extensive analysis of the trends and emerging opportunities of the market.
- In depth, the global smart air purifiers market analysis is conducted by constructing estimations for the key segments between 2020 and 2030.
- The key players within market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the smart air purifiers industry
- The smart air purifiers market forecast analysis from 2021 to 2030 is included in the report.
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