Dublin, Oct. 06, 2021 (GLOBE NEWSWIRE) -- The "Smart Air Purifiers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Smart Air Purifiers Market to Reach US$12.9 Billion by the Year 2026
A smart air purifier also known and offered as Smart Air Filter, Wi-Fi Enabled Air Purifier, or Wireless Air Purifier is an advanced version of conventional air cleaning device, enabled by Wi-Fi and Bluetooth to remotely track and control air quality.
A primary factor driving growth in the air purification equipment market is the increasing consumer awareness about pollution and the number of respiratory and other diseases that it can cause. The pressing need to remove germs and fine airborne particles in residential, commercial and industrial settings is augmenting the demand for smart air purifiers.
In addition, rising awareness regarding health effects and consequences of air pollution is driving various companies to develop next-generation air purifiers. The market growth is also facilitated by increasing adoption of connected home automation solutions that rely on the Internet of Things for remotely controlling and monitoring home appliances.
Innovative features such as motion sensors and user friendly designs with simple programming platforms, along with the ability to control from different locations inside the home through smart connectivity is expected to drive robust demand for smart air purifiers. Some of the latest models also leverage artificial intelligence for predicting user preferences on the basis of past data. The COVID-19 pandemic has enabled air purifiers to evolve from luxury to an essential commodity.
Amid the COVID-19 crisis, the global market for Smart Air Purifiers estimated at US$6.6 Billion in the year 2020, is projected to reach a revised size of US$12.9 Billion by 2026, growing at a CAGR of 11.2% over the analysis period. Dust Collectors, one of the segments analyzed in the report, is projected to grow at a 12% CAGR to reach US$9.3 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fume & Smoke Collectors segment is readjusted to a revised 10.4% CAGR for the next 7-year period. This segment currently accounts for a 24.9% share of the global Smart Air Purifiers market.
The dust type smart air purifiers segment is mainly driven by a rise in awareness among consumers about the negative impact of airborne dust on health. With the rapid advancements in filtration technology, air contamination has been effectively dealt with using the dust collection systems.
Fume and smoke collectors are a vital component of industrial processes that create fumes or particles from welding, sanding, grinding, spraying, powder filling, and chemical applications. Fume collectors capture and filter fumes from welding, soldering, laser and plasma cutting processes.
High-Efficiency Particulate Air (HEPA) (Technique) Segment to Reach $10.5 Billion by 2026
HEPA filters are certified to remove 99.97 percent of all airborne and ultrafine particles, including viruses, tobacco smoke, and VOCs that causes respiratory diseases. HEPA purifiers are increasingly being integrated with pre filters, and ultra violet rays to offer consumers the added benefits of odor removal, and bactericidal capabilities.
Among various types of air filters, HEPA filters extend a reliable tool for filtering the air to contain the novel corona virus. HEPA filters can seamlessly capture more than 99.9% of nanoparticles, which are many times smaller than the coronavirus, in just one pass and the capability makes them most sought after in COVID-19 related air purification programs in residential and commercial sites.
In the global High-Efficiency Particulate Air (HEPA) (Technique) segment, USA, Canada, Japan, China and Europe will drive the 11.08% CAGR estimated for this segment.
These regional markets accounting for a combined market size of US$4.4 Billion in the year 2020 will reach a projected size of US$9.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$910.3 Million by the year 2026.
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
COVID-19 Pandemic Significantly Elevates Role-Play of Smart Air Purifiers
HEPA Filters to Fuel Revenue Growth
Smart Air Purifiers: An Introduction
Causes of Indoor Air Pollution
Major Indoor Pollutants and their Impact on Health: Brief Details of Pollutant, Source, and Impact on Health
Smart Air Purifiers by Technology
By End Use
Global Market Prospects & Outlook
Residential Air Purifiers Dominate the Market
Developed Markets Account for Major Share
Developing Asian Countries to Drive Future Growth
China: High Growth Market for Smart Air Purifiers
Rise in Number of Start Ups in Smart Purifiers Space
Recent Market Activity
2. FOCUS ON SELECT PLAYERS(Total 117 Featured)
Honeywell International Inc
IQAir North America Inc.
Koninklijke Philips N.V
Samsung Electronics Co. Ltd.
Sharp Electronics Corporation
Sunbeam Products, Inc
3. MARKET TRENDS & DRIVERS
Rising Air Pollution Levels Trigger Demand for Smart Air Purifiers
Emphasis on Maintaining Ambient Indoor Air Quality Augurs Well for Market Growth
Rising Incidence of Asthma and Air Borne Allergies Provide the Perfect Platform for Market Expansion
Proliferation of Smart Homes at an Accelerating Pace Throws Abundant Opportunities
Combination Technologies Widen Functionalities
UV Light Filtration Technology for Smart Air Purifiers
Air Purifiers are Getting Smarter, Smaller, and More Innovative
Innovations and Product Advancements Remain Core to Market Expansion
Influx of New Products Impels Smart Air Purifiers Market
Select New Product Launches
Eliminating Odors and Smoke Remain Key to Product Success
Vulnerability of the Expanding Aging Population to Air-borne Allergies and Health Risks: A Weighty Growth Driver
Residential Replacements: An Important Driver
E-Retailing Expands Opportunities
Regulatory Standards Drive Sales of Air Purification Equipment
Exponential Increase in Urban Population Expands Opportunities
Rising Affluence of Middle Class Consumer Segment
Common Problems in Air Purifiers
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
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