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According to the report, the global smart air purifiers market was valued at $5,475.0 million in 2020, and is projected to reach $17,656.3 million by 2032, registering a CAGR of 10.1% from 2023 to 2032.
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Source: Allied Analytics LLP August 16, 2023 10:08 ET Smart Air Puri?ers Market to Reach $ 17,656.3 million, Globally, by 2032 at 10.1% CAGR: Allied Market Research The growth of the global smart air puri?ers market is driven by increase in air pollution levels in urban areas, rise in awareness regarding effects of air pollution on human health, and rise in disposable income. Portland,OR, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Smart Air Puri?ers Market by Product Type (Dust Collector, Fume and Smoke and Others), Technique (High-ef?ciency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Puri?ers, Activated Carbon Filtration and Others), and End user (Residential, Commercial and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032". According to the report, the global smart air puri?ers market was valued at $5,475.0 million in 2020, and is projected to reach $17,656.3 million by 2032, registering a CAGR of 10.1% from 2023 to 2032. Smart air puri?ers are technologically advanced products that have proven to signi?cantly improve human health. They claim to keep your home air clean by limiting access to air pollution and maintaining the indoor humidity level. A smart air puri?er utilizes a built-in sensor, Wi-Fi or Bluetooth connectivity, and mobile applications to remotely monitor and manage the quality of the air. Prime determinants of growth Owing to the increase in number of deaths due to air pollution has created a serious concern regarding the effects of air pollution on human health. In addition, smart air puri?ers are made up of electronic chips, motors, fans, and ?lters, which use raw materials such as carbon ?ber, copper, and plastic. Prices of these raw materials often ?uctuate, which affects pro?tability of manufacturers. Furthermore, Players in the smart air puri?er market are adopting new technologies, such as AI (Arti?cial Intelligence) and Nano technology to strengthen their foothold in the market. Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/4972 Report coverage & details: Report Coverage Forecast Period Base Year Market Size in 2022 Market Size in 2032 CAGR No. of Pages in Report Details 2020–2032 2022 $5,475.0 million $17,656.3 million 10.1% 220 Type, Technique, End user, and Region Increase in air pollution levels in urban areas Rise in awareness regarding Segments covered Drivers
effects of air pollution on human health Rise in disposable income Technological innovations and investments in R&D activities Fluctuation in raw material prices Emission of ozone from smart air puri?ers Opportunities Restraints Covid-19 Scenario Due to the COVID-19 pandemic and the subsequent global lockdowns, the smart air puri?ers market faced a downturn. However, as the global situation started improving, the demand for smart air puri?ers was restored back. This, in turn, presented various growth opportunities for companies operating in the smart air puri?ers market. Buy This Research Report (220 Pages PDF with Insights, Charts, Tables, Figures): https://www.alliedmarketresearch.com/checkout-?nal/580fd5bcc444bb6fb235c7e2375cbb36 The product type segment to maintain its leadership status throughout the forecast period. Based on product type, the dust collectors segment held the highest market share in 2022, accounting for around half of the global smart air puri?ers market revenue and is estimated to maintain its leadership status throughout the forecast period and projected to manifest the highest CAGR of 11.3% from 2023 to 2032, owing to an increase in demand for dust collecting smart air puri?ers can be attributed to its features, such as high ?ltering ef?ciency and low maintenance cost. The rent segment to maintain its leadership status throughout the forecast period. Based on technique, the high-ef?ciency particulate air (hepa) segment held the highest market share in 2022, accounting for less than two-?fths of the global smart air puri?ers market revenue and is estimated to maintain its leadership status throughout the forecast period, and projected to manifest the highest CAGR of 11.5% from 2023 to 2032, owing to the rise in adoption of HEPA ?ltration technology in smart air puri?ers can be attributed to its features, such as high ?ltering ef?ciency (about 99.5%) and ability to ?lter pollutants as small as 0.3 microns.. The residential segment maintains its lead position during the forecast period. Based on end user, residential segment accounted for the largest share in 2022, contributing to less than two-thirds of the global smart air puri?ers market revenue, owing to a increase in demand for smart air puri?ers in the past few years, owing to their ease of operation and high ef?ciency in purifying viruses, bacteria, pollen, pet dander, and smoke during cooking. However, the commercial segment is expected to portray the largest CAGR of 11.5% from 2023 to 2032. Owing to the increase in demand for smart air puri?ers in commercial spaces can be attributed to rise in health issues, owing to poor quality of ambient air. Asia-Paci?c to maintain its dominance by 2032. Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global smart air puri?ers market revenue, owing to industrialization and business expansion by a key market player in the region. However, Asia Paci?c is expected to witness the fastest CAGR of 14.6% from 2022 to 2031, owing to rising construction and infrastructure sectors in developing countries such as India, China and others. Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/4972 Leading Market Players: - Coway Co. Ltd. Dyson Technology Limited Honeywell International Inc. Levoit LG Electronics Inc.
Koninklijke Philips N.V. Sharp Corporation Unilever PLC (Blueair AB) Winix Inc Xiaomi Corporation The report provides a detailed analysis of these key players of the global smart air puri?ers market. These players have adopted different strategies such as new product launches, business expansion, acquisition, collaboration, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. Trending Reports in Air Puri?ers Industry (Book Now with 15% Discount): Stationary Air Compressor Market : Global Report opportunity Analysis and Industry Forecast, 2017- 2031 Railway Air Conditioning System Market : Global Report opportunity Analysis and Industry Forecast, 2017-2031 HVAC Air Quality Monitoring Market Global Report opportunity Analysis and Industry Forecast, 2017-2031 Warm Air Heating Equipment Market Global Report opportunity Analysis and Industry Forecast, 2017-2031 Blast Chillers Market Global Report opportunity Analysis and Industry Forecast, 2017-2031 Membrane Air Dryers Market Global Report opportunity Analysis and Industry Forecast, 2017-2031 About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and con?rms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top of?cials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and of?ine research and discussion with knowledgeable professionals and analysts in the industry. Contact us: United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 help@alliedmarketresearch.com