Global Smart Air Purifiers Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Key Trends in the Market

Smart air purifiers refer to automatic air filtering systems that remove air contaminants and improve the quality of indoor air. These devices are beneficial for individuals suffering from asthma and allergies and also aid in the elimination or reduction of second-hand tobacco smoke. Smart air purifiers also offer wider smart home integration, voice control, and scheduling settings.

• Rising construction activities due to rapid urbanisation are aiding the smart air purifiers market growth due to the increasing presence of air pollutants and low maintenance and high effectiveness of the product. Removal of air pollutants can provide various long term and immediate health benefits including increasing life expectancy and better quality of sleep, among others.

• The increasing awareness about the various benefits offered by smart air purifier is supporting the market expansion in various regions across the globe. Some of the smart features offered by the air filters include wi-fi and mobile application connectivity, filter replacement alerts, real-time monitoring, smart scheduling, and voice control, among others. Such features enhance user convenience, personalisation, and control.

• Increasing vehicle emissions and rising frequency of air borne infections because of chlorofluorocarbons released by refrigerators are bolstering the requirement for smart air purifiers. Rising awareness about the negative effects of indoor air pollution and growing prevalence of allergies and asthma are propelling the adoption of smart air purifiers in both commercial and residential sectors.

Global Smart Air Purifiers Market Analysis

On the basis of type, the market is bifurcated into dust collectors and fume and smoke collectors. Based on technology, the market is divided into high-efficiency particulate air (HEPA) and activated carbon filtration, among others.

On the basis of application, the market is classified into residential and commercial. Based on distribution channel, the market is categorised into online and offline. On the basis of region, the smart air purifier market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Honeywell International Inc. 

• LG Corporation

• Koninklijke Philips N.V. 

• Hamilton Beach Brands, Inc. 

• Xiaomi Corporation

• Coway Co Ltd 

• Unilever PLC 

• Sharp Electronics Corporation 

• Vesync Co., Ltd. 

• Winix Inc. 

• Others

Smart Air Purifiers Industry Share by Technology

High-Efficiency Particulate Air (HEPA) filter technology is expected to account for a significant smart air purifier market share owing to the ability of the air filters to theoretically remove at least 99.97% of bacteria, pollen, and dust, among others. HEPA air filters comprise of thousands of extremely fine fibres that are arranged in a manner that allows them to intercept both large and microscopic particles. The selection of correct HEPA filter ensures the efficient removal of pollutants from the room, improving the quality of air.

Market Share by Region

The Asia Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the rising levels of pollution in countries including India and China and increasing disposable incomes. These purifiers combine voice control with app and aid in monitoring the quality of air, enhancing consumer convenience, and propelling the smart air purifiers market demand. The growing prevalence of asthma in the region is further boosting the product requirement as smart air purifiers help in alleviation of asthma symptoms.

Competitive Landscape

Honeywell International Inc., headquartered in North Caolina, United States is one of the leading manufacturing and technology companies, operating in four major areas of businesses, namely performance materials, technologies, aerospace, and building technologies.

LG Corporation, headquartered in Seoul, South Korea, is involved in various sectors including chemicals, electronics, engineering, telecommunication, power generation, and information technology, among others. The company also manufactures smart air purifiers.

Koninklijke Philips N.V., headquartered in Amsterdam, Netherlands, is a diversified technology company that manufactures and develops consumer electronic products and medical systems. The company is dedicated towards delivering high quality products to their customers in order to enhance their health and well-being.

Other smart air purifiers market key players include Hamilton Beach Brands, Inc., Xiaomi Corporation, Coway Co Ltd, Unilever PLC, Sharp Electronics Corporation, Vesync Co., Ltd., and Winix Inc., among others.

Key Highlights of the Report