Dublin, June 30, 2023 (GLOBE NEWSWIRE) -- The "Smart Air Purifier Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global smart air purifier market grew from $7.13 billion in 2022 to $8.36 billion in 2023 at a compound annual growth rate (CAGR) of 17.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The smart air purifier market is expected to grow to $15.21 billion in 2027 at a CAGR of 16.2%.
Asia-Pacific was the largest region in the smart air purifier market in 2022. The regions covered in the smart air purifier market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of products in smart air purifiers are dust collectors, fume and smoke collectors, and others. Dust collectors are air cleansing equipment designed to improve commercial or industrial air quality by capturing particulate matter. The different techniques include high-efficiency particulate air (HEPA), thermodynamic sterilization systems (TSS), ultraviolet germicidal irradiation, ionizer purifiers, activated carbon filtration, and others. It is employed in commercial and residential sectors and is distributed through aftermarket and original equipment manufacturers.
The increasing prevalence of airborne diseases is expected to fuel the growth of the smart air purifier market going forward. Airborne diseases such as COVID-19 are caused by the transmission of viruses through the air from one person to another in the form of droplets or aerosolized particles. Rising airborne disease cases promote the use of air purifiers as the patients face breathing issues. For instance, according to the World Health Organization, a specialized government agency of the United Nations, as of July 11, 2021, there were 558 million COVID-19 cases globally. Therefore, the increasing prevalence of airborne diseases will increase the growth of the smart air purifier market.
Technological advancements are shaping the smart air purifier market. Major companies operating in the smart air purifier market are focused on developing new technological solutions to strengthen their position and meet consumer demand. For example, in May 2021, Levoit, a US-based air purifier company, launched the Levoit VeSync Core 400s, an air purifier with HEPA Smart Technology. This captures bacteria, viruses, mold, pollen, and pet dander as well as neutralizes smoke, volatile organic compounds, cooking smells, fumes, and pet odors. It senses air quality changes up to ten times faster and automatically adjusts the fan speed.
In November 2021, iRobot Corp., a US-based technology company, acquired Aeris Cleantec AG for an undisclosed amount. Through this acquisition, iRobot aimed to expand its addressable market and diversify its product portfolio. Aeris Cleantec AG is a Switzerland-based premium air purifier company.
The countries covered in the smart air purifier market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $8.36 billion |
| Forecasted Market Value (USD) by 2027 | $15.21 billion |
| Compound Annual Growth Rate | 16.1% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Smart Air Purifier Market Characteristics
3. Smart Air Purifier Market Trends And Strategies
4. Smart Air Purifier Market - Macro Economic Scenario
4.1. COVID-19 Impact On Smart Air Purifier Market
4.2. Ukraine-Russia War Impact On Smart Air Purifier Market
4.3. Impact Of High Inflation On Smart Air Purifier Market
5. Smart Air Purifier Market Size And Growth
5.1. Global Smart Air Purifier Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Smart Air Purifier Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Smart Air Purifier Market Segmentation
6.1. Global Smart Air Purifier Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Dust Collectors
- Fume And Smoke Collectors
- Other Product Types
6.2. Global Smart Air Purifier Market, Segmentation By Technique, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- High-Efficiency Particulate Air (HEPA)
- Thermodynamic Sterilization System (TSS)
- Ultraviolet Germicidal Irradiation
- Ionizer Purifiers
- Activated Carbon Filtration
- Other Techniques
6.3. Global Smart Air Purifier Market, Segmentation By End-Users, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Residential
- Commercial
6.4. Global Smart Air Purifier Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Aftermarket
- Original Equipment Manufacturers
7. Smart Air Purifier Market Regional And Country Analysis
7.1. Global Smart Air Purifier Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Smart Air Purifier Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Companies Mentioned:
- Honeywell International Inc.
- Koninklijke Philips N.V.
- Xiaomi
- Unilever Blueair
- Coway Co. Ltd.
- Sharp Corporation
- Dyson Technology Limited
- LG Electronics
- Sunbeam Products Inc.
- Whirlpool Corporation
- Amaircare
- Alencorp
- Arovast Corporation
- Winix Inc.
- Bluestar Limited
- Smart Air
- Oransi
- Airpura Industries
- 3M
For more information about this report visit https://www.researchandmarkets.com/r/w5nw6p
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