New Study from StrategyR Highlights a $12.9 Billion Global Market for Smart Air Purifiers by 2026

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Mar 01, 2022, 11:00 ET

SAN FRANCISCO, March 1, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smart Air Purifiers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 10; Released: February 2022
Executive Pool: 2284
Companies: 117 - Players covered include Alen Corporation; Americair Corporation; Blueair, Inc.; COWAYCO.,LTD; Dyson Ltd.; Honeywell International Inc; IQAir North America Inc.; Koninklijke Philips N.V; LG Electronics; Samsung Electronics Co. Ltd.; Sharp Electronics Corporation; Sunbeam Products, Inc; Whirlpool Corporation; Winix Inc.; Xiaomi Corporation and Others.
Coverage: All major geographies and key segments
Segments: Type (Dust Collectors, Fume & Smoke Collectors, Other Types); Technique (High-Efficiency Particulate Air (HEPA), Activated Carbon Filtration, Ionizer Purifiers, Other Techniques); End-Use (Residential, Commercial, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Latin America; Middle East; Africa.

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ABSTRACT-

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. Technological progress coupled with integration of new air purification technologies including HEPA air purifiers, activated carbon purifiers, ionic filters and photocatalytic purifiers is expected to further propel the demand for smart air purifiers.

Amid the COVID-19 crisis, the global market for Smart Air Purifiers estimated at US$8.5 Billion in the year 2022, 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.

The U.S. Market is Estimated at $2.4 Billion in 2022, While China is Forecast to Reach $2.6 Billion by 2026
The Smart Air Purifiers market in the U.S. is estimated at US$2.4 Billion in the year 2022. The country currently accounts for a 28.39% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.6 Billion in the year 2026 trailing a CAGR of 13.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 9.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.5% CAGR while Rest of European market (as defined in the study) will reach US$2.8 Billion by the end of the analysis period. Growing product awareness, rising incidence of allergies caused by seasonal changes such as high pollen count in air, strong focus on environmental concerns, and stringent regulatory standards related to Clean Air Delivery Rate (CADR), among others, represent key growth drivers in developed regions. Important factors propelling growth in the Asia-Pacific region include rising levels of pollution driven by growing population, industrialization and urbanization, underpenetrated and unpenetrated nature of the market, and heightened concerns with regard to health.

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 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. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
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