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Smart Air Purifiers Market Analysis

  • Report ID: GMI6404
  • Published Date: Oct 2024
  • Report Format: PDF

Smart Air Purifiers Market Analysis

Based on Technology, the smart air purifiers market is segmented into high-efficiency particulate air (HEPA), Activated carbon filtration and Others. The High-efficiency Particulate Air (HEPA) segment dominated the market in 2023, generating a revenue of USD 1.7 billion and is expected to grow at a CAGR of 10% from 2024 to 2032 due to its unmatchable efficiency in eliminating airborne particles, allergens, and pollutants, HEPA filters have secured a substantial market share. Capable of capturing particles as tiny as 0.3 microns with remarkable effectiveness, HEPA filters are in high demand among consumers prioritizing air quality. Furthermore, the HEPA segment's dominance is bolstered by a growing awareness of respiratory health concerns and the demand for advanced air filtration solutions.
 

Smart Air Purifiers Market Revenue Share, By Product Type, (2023)

Based on product type, the market is classified into dust collectors, fume and smoke collectors, allergen-specific air purifiers, others.  The dust collectors dominated the market in 2023, acquiring a market share of 36.4% and is expected to grow at a CAGR of 9.9% during the forecast period from 2024-2032. due to their effectiveness in filtering particulate matter such as dust, which is a common indoor air pollutant. Their widespread use in residential, industrial, and commercial settings has contributed to this dominance, as dust-related air quality issues are prevalent across various environments. Additionally, growing concerns about respiratory health and the need for cleaner air in highly polluted urban areas have further driven demand.
 

North America Smart Air Purifiers Market Size, 2021 - 2032 (USD Billion)

North America accounted for around USD 1.1 billion of market share in 2023 and is expected to grow at a CAGR of 10% from 2024 to 2032. The region is experiencing a rising prevalence of diseases such as asthma, allergies, and heart disease. According to the National Heart, Lung, and Blood Institute, asthma affects approximately 25 million people in the United States. This increasing disease prevalence, coupled with growing public awareness about the health impacts of poor air quality, is expected to drive market growth in the region.
 

China dominated the Asia Pacific smart air purifiers market in 2023 acquiring a market share of 29.3% in 2023 and is expected to grow during the forecast period from 2024-2032 Rising pollution levels, the presence of developing economies like China, and increased investments by key market players are expected to drive market growth in the region. For example, in November 2023, ECOVACS Group, a global service robotics and smart household appliances company, established its first office in Singapore. These developments are likely to boost regional demand and market expansion.
 

Germany leads the European smart air purifiers market. This growth is attributed to increasing air pollution levels in several European countries, which exceed World Health Organization (WHO) recommended limits. According to a June 2024 article by the European Environment Agency, exposure to nitrogen dioxide and fine particulate matter above WHO recommendations resulted in approximately 52,000 and 253,000 premature deaths, respectively, in 2021. These statistics underscore the demand for advanced air purification solutions capable of real-time monitoring and targeted pollutant removal.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global smart air purifiers industry was valued at USD 4 billion in 2023 and is estimated to grow at a 9.7% CAGR from 2024 to 2032, driven by increasing air pollution levels, especially in urban areas.

The HEPA segment generated USD 1.7 billion in 2023 and is expected to grow at a 10% CAGR from 2024 to 2032 due to its unmatched efficiency in eliminating airborne particles, allergens, and pollutants.

North Americas smart air purifiers industry recorded USD 1.1 billion in 2023 and is expected to grow at a 10% CAGR from 2024 to 2032, driven by the rising prevalence of diseases such as asthma and allergies.

Key players in the industry include A.O. Smith, Airfree, Blueair, Coway, Dyson, Honeywell, IQAir, Philips, Levoit, LG, Molekule, and Sharp.

Smart Air Purifiers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 315
  • Countries covered: 19
  • Pages: 250
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