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Smart Air Purifier Market to Grow Due to Rising Demand for Better Quality Life in Emerging EconomiesIncreasing Air Pollution to Drive Demand for Smart Air Purifiers
Market Insights
The air quality in urban areas has dropped considerably due to several factors. Smart air purifiers are a great solution which can help improve air quality in homes and commercial spaces. Market Research Future has studied the global smart air purifier market extensively over the assessment period. from 2018 to 2023. Smart air purifiers work a little differently from conventional air purifiers as they provide live air quality readings and can track air quality in a specific space for a determined period of time.
Many smart purifiers can also identify what areas of a home or commercial space has worse air qualities which help consumers with cleaner air in their immediate surroundings. As personal disposable incomes in emerging economies have grown, so too has the demand for better lifestyles. Increased spending power has resulted in high demand for smart home appliances which improve the quality of life. Moreover, with an increase in health concerns associated with air pollution and the general rise of dust, the demand for clean air has increased. Chronic lung diseases are highly prominent and this is driving the demand for smart air purifiers among health conscious and aware consumers. Ongoing technological development to improve smart air purifiers will likely drive the market toward new opportunities for growth and will also mitigate challenges the market faces.
Notably, they are expensive, and the general lack of awareness regarding smart air purifiers is expected to slow market growth over the assessment period.
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Key Players
MRFR's competitive study of the market includes several leading market players such as Sharp Electronics Corporation (US), Blueair (Romania), Sunbeam Products, Inc (US), Whirlpool Corporation (US), Koninklijke Philips N.V (Netherlands), Honeywell International Inc (US), Xiaomi (China), LG Electronics (South Korea), COWAYCO.,LTD.(South Korea), and Alencorp (US).
Market Segmentation
The segments in MRFR's report on the global smart air purifier market have been determined on the basis of type, technology, applications, sales channel, and region. Type has been segmented into dust collectors, fume & smoke collectors, and others. Among these, the dust collector segment has captured the largest share of the market as the levels of dust and allergens in the air has grown significantly in urban areas, thus promoting its adoption.
Technology has been segmented to include activated carbon filtration, high-efficiency particulate air filters (HEPA), and others. the HEPA segment finds itself at the top as it HEPA filters can also be used to protect from airborne bacteria and viral microorganisms.
Applications have been segmented into commercial, residential, and others. The rise in demand for comfort and clean breathing air in houses has driven the residential sector to grow into the largest segment in the global market.
Sales channels by which smart air purifiers are distributed include OEM and aftermarket.
Regional Analysis
Major regions in the global analysis of the smart air purifier market include Asia Pacific, North America, Europe and the Rest of the World. The Asia Pacific has emerged as the market leader with North America and Europe following closely. The growth of industrialization and construction has resulted in a drastic increase of dust particles and pollution, particularly in emerging economies of the APAC region. The rapid economic development supporting the growth of construction and industrialization is also encouraging the expansion of urban areas and has resulted in increased disposable income. With more spending power and the general awareness regarding pollution and dust problems is expected to drive the APAC smart air purifier market. The APAC is also expected to grow at the highest CAGR which is likely to help the region maintain its leadership role over the assessment period.
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Table Of Contents
Executive Summary
Scope Of The Report
Market Landscape
Market Dynamics
Global Smart Air Purifier Market, By Type
Global Smart Air Purifier Market, By Technology
Global Smart Air Purifier Market, By Application
Global Smart Air Purifier Market, By Sales Channel
Global Smart Air Purifier Market, By Region
Competitive Landscape
Company Profile
Continued…….
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Release ID: 88920833
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