Portland, OR, June 14, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global smart air purifier market generated $5.5 billion in 2020, and is projected to reach $14.4 billion by 2030, growing at a CAGR of 10.1% from 2021 to 2030.The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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Increase in awareness among people regarding adverse effects of pollution on health, remarkable perks of dust collecting smart air purifiers such as high filtering efficiency and low maintenance cost, and significant surge in need to eliminate fine airborne particles and germs in commercial spaces, offices, and homes, including living rooms, bedrooms, kitchens, and bathrooms are expected to drive the growth of the global smart air purifier market. On the other hand, high cost of these products is expected to hinder the growth of the market to some extent. However, increase in manufacturing and construction activities across the globe are expected to create ample opportunities for the growth of the industry.
COVID-19 Scenario
- The outbreak of COVID-19 has had a negative impact on the growth of the global smart air purifier market, owing to the presence of lockdowns in various countries across the globe. Lockdowns resulted in the closure of various manufacturing units, including those of smart purifiers due to the stringent social distancing restrictions imposed by the government so as to curb the spread of the virus during the pandemic.
- Thus, delay in the manufacturing and production of smart air purifier aggravated the impact on the market.
- However, the market is expected to recoup soon.
The report offers a detailed report on the global smart purifiers market based on product type, technology, end-user and region.
Based on product type, the dust collectors segment held the largest market share in 2020, garnering more than half of the total market. In addition, the same segment is predicted to cite the fastest CAGR of 10.5% during the forecast period. Other segments of the market analyzed in the report include fume and smoke collectors and others.
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Based on end-user, the residential segment held the majority market share in 2020, holding nearly two-thirds of the total market. The commercial segment, on the other hand, is projected to exhibit the fastest CAGR of 11.0% during the forecast period.
Based on region, the market across North America held the lion’s highest share in 2020, garnering nearly one-third of the total market. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 14.3% during the forecast period.
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The key players analyzed in the global smart air purifier market include 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.
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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 confirms 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 officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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