The global smart air purifier market size is expected to reach USD 4.71 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 12.2% during the forecast period. Smart air purifiers help monitor and control the air quality through a smartphone enabled app which also provide live reading of air quality data. The products also help track indoor air quality over a period of time enabling consumers to observe the time of the day with the best and worst air quality. Air purifiers are used to eliminate dust, dust mites, mold, pet dander, smoke particles, vehicle exhaust, cooking smoke, and gaseous pollutants among others in a specific area. Rising smoke and PM2.5 levels are anticipated to drive the demand for air filtration and purifier products.
According to the World Health Organization (WHO), indoor and outdoor air pollution together lead to around 7 million premature deaths every year. Indoor air pollution leads to around 3.8 million premature deaths every year. These figures highlight the importance for air purifiers as an aid to reduce the impact of indoor air pollution. Manufacturers are constantly striving to launch new and innovative products to meet the growing product demand.
High Efficiency Particulate Air (HEPA) filter technology held a market share of 85.4% owing to the effectiveness of the technology across residential as well as commercial segment. These filters are small, portable, and usually work for a single-room space. These air filters can eradicate 99.97% of pollution particles.
Commercial application segment is expected to witness highest growth at a CAGR of 12.3% from 2019 to 2025 owing to rising investments by the key players. According to study from Harvard, people working in well ventilated areas with minimal level of indoor pollutants have higher cognitive functioning compared to offices with typical pollutant levels. Improved air quality also results in increased productivity. Rising focus on reducing carbon footprint of commercial buildings is anticipated to play a major role in driving the growth of this segment.
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Smart Air Purifier Market Report Highlights
• In terms of regional revenue, Asia Pacific held the largest share of the smart air purifier market In 2018
• HEPA filter segment is expected to expand at a CAGR of 12.3% due to rise in demand from the residential segment
• Commercial application category held a market share of about 33.0% in terms of revenue in 2018
• The market is highly competitive in nature with the presence of key players including Honeywell International Inc.; Koninklijke Philips N.V.; Sunbeam Products, Inc.; Xiaomi Corporation; Blueair; COWAYCO.,LTD.; Whirlpool; Americair Corporation; and Sharp Corporation
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Smart Air Purifier Market Segmentation
Grand View Research has segmented the global smart air purifier market on the basis of technology, application, and region:
Smart Air Purifier Technology Outlook (Revenue, USD Million, 2015 – 2025)
• HEPA Filter
• Activated Carbon
Smart Air Purifier Application Outlook (Revenue, USD Million, 2015 – 2025)
Smart Air Purifier Regional Outlook (Revenue, USD Million, 2015 – 2025)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• Central & South America
• Middle East & Africa
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About Grand View Research
Grand View Research is a market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services to clients across a number of industries, including healthcare, materials, chemicals, energy, technology, and food and beverage, among others.
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