According to a report ,”Smart Air Purifier Market Size, Share & Trends Analysis Report By Technology (HEPA Filter, Activated Carbon, Electrostatic Precipitators, Ionic Filters), By Application, By Region, And Segment Forecasts, 2019 – 2025″, The global smart air purifier market size is expected to reach USD 10.79 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. Rising efforts to eradicate airborne diseases and to maintain clean and healthy environment are anticipated to drive the growth. Rise in pollution levels across the world is a major factor driving the demand for anti-pollution products including smart air purifiers.
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.
Further key findings from the report suggest:
-
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 12.6% due to rise in demand from the residential segment
-
Commercial application category held a market share of about 67.9% 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
High Efficiency Particulate Air (HEPA) filter technology held a market share of 36.1% 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 held the dominant market share of about 67.9% in 2018 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.
Application Insights
Commercial held the largest market share of more than 67.6% in 2018. The commercial spaces exhibit increased risk of airborne diseases owing to the presence of a large number of people in a room. Commercial buildings are a major focus area when it comes to reducing carbon footprint. Governments have set various regulations on construction of offices and commercial buildings in terms of design and operations. For instance, the United States Green Building Council mandates Leadership in Energy and Environmental Design (LEED) certification which promotes energy conservation and environmental responsibility in building construction. This program focuses on air handling units to control building temperature, ventilation, and controlling airborne contaminants. This factor is projected to contribute to high demand in commercial application.
Request A Free Sample Copy Of Smart Air Purifier Market Report At: www.grandviewresearch.com/industry-analysis/smart-air-purifier-market/request/rs1
According to a study from Harvard, people working in well ventilated areas with minimal level of indoor pollutants have higher cognitive functioning compared to the offices with typical pollutant levels. Improved air quality also results in increased productivity. Rising awareness among organizations regarding environment and employee health is anticipated to positively influence the segment in the forthcoming years.
Residential application is projected to expand at a CAGR of 12.6% from 2019 to 2025 owing to the increasing indoor air pollution. Increasing prevalence of health issues caused by airborne diseases such as asthma, allergies, and other respiratory problems encourage consumers to invest in the product. Moreover, the convenience of operating the smart products bodes well for the product adoption. Installation of these products in residential areas helps tracking and controlling the air quality to eradicate smoke fumes, dust particles, and odor.
Regional Insights
Asia Pacific held the largest market share of 34.9% in 2018. Increasing pollution levels in countries such as China and India is anticipated to fuel the regional product demand. According to the WHO, in 2015, around 50% of global deaths caused by air pollution were registered in China and India. Moreover, 13 out of 20 most polluted cities in the world are located in India. According to a 2017 Greenpeace report, air pollution causes 1.2 million premature deaths in India every year. The government of China and India have undertaken a number of measures such as graded air quality rating response system and emission reducing converters for automobiles. This factor is anticipated to drive the regional demand during the forecast period.
North America witnesses growth on account of increasing health consciousness and awareness regarding smart purifiers. Stringent government regulations to improve the air quality standards, including the Clean Air Act established by the U.S. Environmental Protection Agency (EPA) in 1970 have been associated with establishing national air quality standards. In addition, establishment of large commercial offices and buildings in countries such as U.S. and Canada have increased the scope of product application in the region.
Browse Related Report:
- U.S. Newspaper Market– The market has experienced significant shrinkage in recent years, which is likely to continue over the course of the forecast period. A large drop in print advertising spending has already caused major U.S. newspaper publishing companies to cut costs by downsizing.
- U.S. Communication Equipment Market– Increased smartphone penetration in the U.S. is estimated to drive the market. On the other hand, extensive usage of wireless communication equipment has led to a subsequent decline in the sales of traditional fixed-line devices and equipment. Mobile devices have become predominant communication equipment owing to the launch of new smartphones with enhanced features and in-built applications.
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
-
Electrostatic Precipitators
-
Ionic Filter
Smart Air Purifier Application Outlook (Revenue, USD Million, 2015 – 2025)
-
Residential
-
Commercial
Smart Air Purifier Regional Outlook (Revenue, USD Million, 2015 – 2025)
-
North America
-
U.S.
-
-
Europe
-
Germany
-
U.K.
-
-
Asia Pacific
-
India
-
China
-
-
Central & South America
-
Brazil
-
-
Middle East & Africa
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: www.grandviewresearch.com/industry-analysis/smart-air-purifier-market