Discover the booming world of smart air purifiers! According to Straits Research, the smart air purifier market is set to experience an impressive growth rate of 11.9% by 2030, reaching a staggering size of USD 12,840 million. The Asia Pacific region is projected to lead the market, with a commanding share and a compound annual growth rate (CAGR) of 13.9%. The rapid industrialization and urbanization in countries like China, India, Vietnam, and Indonesia have fueled the demand for smart air purifiers, as increased construction activity has led to higher levels of air pollution. With rising awareness about the harmful effects of indoor and outdoor air pollution, the market for smart air purifiers is poised for significant growth, presenting promising opportunities for participants in this industry.
Rapid Market Growth
The global smart air purifier market is poised for impressive growth in the coming years, with projections indicating a striking 11.9% growth rate by 2030. This growth can be attributed to various factors that are influencing the swift expansion of the market.
Projection of the global smart air purifier market growth
According to a market intelligence report by Straits Research, the Asia Pacific region is expected to command the market with the largest share and a compound annual growth rate (CAGR) of 13.9%. This can be attributed to increased industrialization and rapid urbanization in countries like China, India, Vietnam, and Indonesia, which have led to increased construction activity and subsequently higher levels of air pollution. The forecasted growth rate highlights the growing demand for smart air purifiers in the region.
Factors influencing the swift market expansion
Rising awareness about the impact of pollutants on air quality has fueled the demand for solutions that can mitigate the negative effects of indoor and outdoor air pollution. Harmful pollutants such as VOC (Volatile Organic Compound), carbon monoxide, oxides of Sulphur, and oxides of nitrogen, which are produced by industries, have a destructive effect on human life. As a result, individuals and organizations are actively seeking ways to improve air quality and are turning to smart air purifiers as a solution. This increasing demand is a significant factor contributing to the rapid growth of the market.
The detrimental impact of pollutants on air quality, especially in urban areas, has given rise to a number of trends in the smart air purifier market.
Impact of pollutants on air quality
Urban areas are severely influenced by harmful pollutants such as VOC, carbon monoxide, oxides of Sulphur, and oxides of nitrogen. These pollutants, produced by industrial activities, pose a serious threat to human health and can have a detrimental effect on overall well-being. This has prompted both individuals and organizations to actively seek solutions to mitigate the negative impacts of indoor and outdoor air pollution.
Increased demand for solutions to mitigate the negative effects of indoor and outdoor air pollution
As the awareness about the impact of air pollution on health and well-being grows, the demand for smart air purifiers continues to rise. People are increasingly looking for ways to improve their indoor air quality and protect themselves and their families from harmful pollutants. This increased demand for air purification solutions is a clear indication of the rising trend in the market.
The smart air purifier market is ripe with growth opportunities, thanks to technological advances and innovations in the industry.
Technological advances in smart air purifiers
Market participants are constantly leveraging technological advancements to enhance the performance and capabilities of smart air purifiers. These advancements include the use of artificial intelligence (AI) and nanotechnology. Companies like Brise Care BV in the Netherlands have introduced AI-powered air purifiers that adapt to the user’s usage patterns, providing personalized and efficient purification. Such technological advances are driving the growth and adoption of smart air purifiers in the market.
Use of AI and nanotechnology in air purifier development
The use of AI and nanotechnology has revolutionized the development of smart air purifiers. AI-powered purifiers can intelligently detect and respond to changes in air quality, adjusting their settings for optimal performance. Nanotechnology, on the other hand, enables the development of advanced filters that can effectively capture and remove even the smallest particles and pollutants. These technological advancements not only improve the efficiency and effectiveness of smart air purifiers but also open up new opportunities for market growth.
Potential benefits of laboratory research in air purification technology
Companies like LG Electronics have invested in research and development centers focused on air purification technology. These laboratories serve as hubs for innovation and advancement in the field, driving the development of new and improved air purification technologies. The potential benefits of laboratory research in air purification technology are immense, as it can lead to groundbreaking discoveries and advancements that further enhance the capabilities of smart air purifiers.
Market Dominance in the Asia Pacific
The Asia Pacific region is emerging as a dominant force in the global smart air purifier market. This can be attributed to several factors, including increased industrialization, rapid urbanization, and rising air pollution.
Effects of increased industrialization and urbanization
Countries in the Asia Pacific region, such as China, India, Vietnam, and Indonesia, have witnessed significant industrialization and rapid urbanization in recent years. These factors have led to increased construction activity, which in turn has resulted in higher levels of air pollution. The demand for smart air purifiers has surged in response to the rising concerns about air quality, driving market growth in the region.
Impact of rising air pollution in China and India
China and India, in particular, have experienced alarming levels of air pollution due to population growth, expansion of the manufacturing sector, and increased automobile ownership. This has led to an increased risk of respiratory diseases and other health issues among the residents of these countries. As a result, there is a growing demand for smart air purifiers to combat the negative effects of air pollution and improve indoor air quality.
Demand driven by health risks associated with air pollutants
The health risks associated with air pollutants have become a major concern in the Asia Pacific region. The rise in respiratory diseases, lung cancer, throat diseases, and eye infections has prompted individuals and households to invest in smart air purifiers to protect their health. This increasing demand for air purification solutions is driving market growth and establishing the Asia Pacific region as a dominant player in the global smart air purifier market.
Market Expansion in Europe
While the Asia Pacific region leads in market dominance, Europe is also experiencing significant market expansion in the smart air purifier industry. This growth can be attributed to factors such as smartphone ubiquity, smart home solutions, and increasing awareness about the health risks of air pollution.
Demand boosted by smartphone ubiquity and smart home solutions
Europe has witnessed a high demand for smart air purifiers in recent years, owing to the widespread adoption of smartphones and the availability of smart home solutions. Smart air purifiers can be seamlessly integrated into smart home systems, allowing users to control and monitor the air quality in their homes with ease. This convenience, coupled with the growing concern about air pollution, has boosted the demand for smart air purifiers in the European market.
Influence of air pollution-related deaths on market growth
High death rates attributed to air pollution have had a significant impact on market growth in Europe. The alarming increase in deaths caused by air pollution has raised public awareness about the detrimental effects of poor air quality. This has prompted governments and regulatory bodies to implement air quality control plans and regulations, which in turn has increased the demand for air filtration solutions. The market for smart air purifiers is, therefore, witnessing expansion opportunities in Europe.
Potential market opportunities for new entrants
Technical advances in air filtration technology present new market opportunities for new entrants in Europe. These advancements are not only focused on improving the performance and efficiency of smart air purifiers but also on developing innovative solutions that cater to specific customer needs. By leveraging these advancements and addressing the growing demand for effective air purification solutions, new players can establish their presence in the European market.
Key Market Highlights
The global smart air purifier market is poised for substantial growth, with various market segments anticipated to experience significant expansion.
Anticipated growth of various market segments
Based on type, the dust collector section is projected to witness a CAGR of 12.5% and hold the largest market share. This can be attributed to the increasing demand for efficient dust removal solutions in both residential and commercial settings. In terms of technique, the high-efficiency particulate air (HEPA) section is expected to expand at a CAGR of 13.3% and hold the largest market share. HEPA filters are known for their exceptional ability to capture small particles, making them highly sought-after in the market. Finally, in terms of end-users, the residential section is anticipated to expand at a CAGR of 11.8% and hold the largest market share. The increasing awareness about indoor air quality and the rising adoption of smart home solutions are driving the demand for smart air purifiers in residential settings.
Leading segments in type, technique, and end-user categories
The dust collector section leads the market in terms of type, thanks to the growing demand for efficient dust removal solutions. The high-efficiency particulate air (HEPA) section is the leading segment in the technique category due to the exceptional filtration capabilities of HEPA filters. Finally, the residential segment leads in the end-user category, with homeowners and individuals prioritizing their indoor air quality.
Competitive Players in the Market
The global smart air purifier market is highly competitive, with several key players vying for market share. These players are constantly innovating and offering new products and services to maintain their competitive edge.
Key players in the global smart air purifier market
Some of the key players in the global smart air purifier market include:
- Coway Co., Ltd.
- Dyson Technology Limited
- Honeywell International Inc.
- LG Electronics Inc.
- Xiaomi Corporation
- Koninklijke Philips N.V.
- Sharp Corporation
- Unilever PLC (Blueair AB)
- Winix Inc.
Innovations and offerings by market leaders
Leading players in the market are continuously innovating to offer advanced features and technologies in their smart air purifiers. For example, Coway Co., Ltd. showcased its home health appliance, the “Smart Care Air Mattress,” at CES 2022. This innovative product detects the user’s body pressure and sleeping position before adjusting itself to provide optimal comfort.
These constant innovations by market leaders not only drive market growth but also ensure that customers have access to the latest and most advanced smart air purifiers on the market.
Latest Market News
The smart air purifier market is witnessing constant introductions and innovations in products, as well as significant events in the industry.
Recent introductions and innovations in smart air purifier products
In 2022, Coway Co., Ltd. introduced the Noble Collection and Coway Airmega, the company’s most recent lines of air and water purifiers. These products offer advanced features and enhanced performance to meet the growing demand for smart air purification solutions.
Highlights from CES 2022
CES 2022, one of the world’s largest technology trade shows, featured several innovative smart air purifier products. Coway Co., Ltd. showcased its home health appliance, the “Smart Care Air Mattress,” which uses AI technology to provide personalized comfort for users. These highlights from CES 2022 underscore the industry’s commitment to innovation and the development of cutting-edge smart air purification technologies.
To better understand the smart air purifier market, it is essential to analyze its segmentation by different criteria.
Classification of smart air purifier market by type
The smart air purifier market can be classified into the following types:
- Dust collectors
- Fume & smoke collectors
Segmentation by technique and end-user
The market can also be segmented by technique and end-user:
- High-Efficiency Particulate Air (HEPA)
- Thermodynamic sterilization (TSS)
- Ultraviolet germicidal irradiation
- Ionizer purifiers
- Activated carbon filtration
Regional market segmentation
The smart air purifier market can also be segmented based on regional analysis:
- North America
- Asia Pacific
About Straits Research Pvt. Ltd
Straits Research Pvt. Ltd is a leading market intelligence company that provides global business information reports and services. They offer a unique blend of quantitative forecasting and trends analysis, delivering forward-looking insights for decision-makers. Straits Research specializes in providing actionable market research data, tailored to the client’s specific needs.
The company is dedicated to understanding the target market and generating leads with utmost precision. They collaborate with clients to deliver a broad spectrum of results through a combination of market and business research approaches. With their comprehensive services and perspective, Straits Research plays a crucial role in providing market intelligence to businesses and organizations.
For more information on Straits Research and their market intelligence services, you can contact them using the following details:
Phone: +1 646 480 7505 (U.S.), +91 8087085354 (APAC), +44 208 068 9665 (U.K.) Email: email@example.com Follow Us: LinkedIn | Facebook | Instagram | Twitter