The Smart Air Purifier Global Market Report 2023 by The Business Research Company, provides smart air purifier market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Smart Air Purifier Global Market Report 2023, the global smart air purifier market size 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 market size of the global smart air purifier is expected to grow to $15.21 billion in 2027 at a CAGR of 16.2%.
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.
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The smart air purifier market is segmented:
1) By Product Type: Dust Collectors, Fume And Smoke Collectors, Others Product Types
2) By Technique: High-Efficiency Particulate Air (HEPA), Thermodynamic Sterilization System (TSS), Ultraviolet Germicidal Irradiation, Ionizer Purifiers, Activated Carbon Filtration, Other Techniques
3) By End-Users: Residential, Commercial
4) By Distribution Channel: Aftermarket, Original Equipment Manufacturers
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 LevoitVeSync 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.
The smart air purifier market report table of contents includes:
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
5. COVID-19 Impact On Smart Air Purifier Market
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26. Africa Smart Air Purifier Market
28. Key Mergers And Acquisitions In The Smart Air Purifier Market
29. Smart Air Purifier Market Future Outlook and Potential Analysis
30. Appendix
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