Smart air purifier market worth USD 12.34 billion by 2028,

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New York, Aug 19, 2021 (GLOBE NEWSWIRE) – Smart Air Purifier Market Overview: According to a Comprehensive Research Report from Market Research Future (MRFR), Smart Air Purifier Market Research Report, Type, Technology, Application and Region – Forecast to 2027 ” The market size is expected to reach $ 12.34 billion by 2028, registering a CAGR of 12.52% during the forecast period (2021 – 2028). The market was valued at $ 5.47 billion in 2020.

Key players

Prominent players presented in the global Smart Air Purifier industry report include:

  • Honeywell International Inc (United States)
  • Xiaomi (China)
  • LG Electronics (South Korea)
  • Blueair (Romania)
  • COWAYCO.LTD (South Korea)
  • Koninklijke Philips NV (Netherlands)
  • Sunbeam Products Inc (United States).
  • Sharp Electronics Corporation (United States).
  • Alencorp (United States)
  • Whirlpool Corporation (United States).

The global smart air purifier market is fragmented and also competitive for the presence of an array of international and domestic key players. These players have integrated innovative strategies to stay at the forefront and also meet growing customer demand, including collaborations, contracts, partnerships, joint ventures, geographic expansions and new product launches, etc.


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COVID-19 analysis

The COVID-19 pandemic has impacted the growth of the smart air purifier market for lockdown measures in different countries and also delays in the production and manufacturing of smart air purifiers. Supply chain disruptions, economic situations, fluctuations in the share of demand, as well as the long-term and immediate effect of the COVID-19 pandemic have had a negative effect on the growth of this market. . The pandemic slowed economic activity and plunged the economy into a deep recession. With roots in China, supply chains around the world are facing unprecedented shutdown and disruption. But following the easing of lockdowns, the market should soon return to normal.

On the contrary, smart air purifier companies are sparing no effort to curb the spread of the deadly virus. A Swiss company, IQAir, which specializes in technological solutions to protect people from air pollutants, is working to limit the spread of the disease in New Delhi by increasing the availability of smart air purifiers in hospitals that treat patients COVID-19.


Browse the In-Depth (185 Pages) Smart Air Purifier Market Research Report

https://www.marketresearchfuture.com/reports/smart-air-purifier-market-6895


Industry Updates

Swedish leader in flatpack, IKEA has launched two new Starkvind devices: a side table model and a freestanding floor-mounted air purifier.

Smart Purifier Market Drivers / Smart Purifier Market Trends

Growing Awareness of Adverse Health Effects of Pollution to Drive Market Growth

Growing awareness of the adverse health effects of pollution is motivating electronics companies to develop advanced air purifiers that will increase the market value of smart air purifiers. In addition, people have become very tech-savvy and tend to invest heavily in high-end products such as smart purifiers to increase the per capita income of the population in emerging economies.

Opportunities

Increasing prevalence of chronic airborne diseases to provide strong opportunities

The increasing prevalence of chronic diseases across the globe may offer strong opportunities for the market during the forecast period. Smart air purifiers help clean the air by removing airborne particles and droplets that may contain microorganisms. This is done by passing the air through a series of filters that trap contaminants and return clean air back to the room.

Constraints

Low awareness to act as a market restriction

Low knowledge of smart air purifiers and premium installation fee may be a market constraint during the forecast period.

Challenges

High upfront costs to act as a market challenge

High upfront costs associated with frequent maintenance schedules can be a challenge for the market during the forecast period.

Market segmentation

The smart air purifier market has been forked on the basis of type, technology, application, and sales channel.
By type, dust collectors will dominate the market during the forecast period. They mainly absorb aggregate dirt particles and aggregate dust in the surrounding area.

By technology, HEPA segment will dominate the market during the forecast period at high CAGR. HEPA filters are used to protect humans from viral organisms and airborne bacteria. They are mainly used in hospitals.

By application, the residential segment will spearhead the market during the forecast period at high CAGR. The growing need for comfort in emerging countries is adding to the growth of the market. In addition, the increase in pollution levels is also contributing to the growth of the segment.

By sales channel, OEM will have the lion share in the market during the forecast period.

Regional analysis

APAC to Command the Smart Air Purifier Market

APAC region will dominate the market during the forecast period. Rapidly increasing industrialization, increasing pollution levels, economic development leading to better healthy lifestyles and increasing demand in India, China, United Arab Emirates and Qatar, the governments of India and China have Taken several measures such as air quality assessment system and Automotive Emission Reducing Converters are increasing the global smart air purifier market share in the region.

Market segmentation covered by research:

Smart Air Purifier Market by Type (Dust Collectors, Smoke & Smoke Collectors, & Others), Technology (HEPA, Activated Carbon Filtration & Others), Application (Residential, Commercial & Others), Sales Channel ( OEM and aftermarket) and region – Forecast to 2028


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