Bizizz Market Research has recently published a research report, “Smart Air Purifier Market by Product Type (Fume & Smoke Collectors, Dust Collectors, and Others) by Technology (Activated Carbon, HEPA Filter, and Others) by Application (Commercial and Residential), and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Smart Air Purifier Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 5.2 Bn by 2027, witnessing a CAGR of 13.1 % during the forecast period. Key drivers of the market are rising awareness regarding harmful effects of air pollution, rising number of airborne diseases, and introduction of advanced products.
The Smart Air Purifiers offers the facility to read and monitor air quality data and can be operated through a smartphone application. These products help in eliminating air impurities in a specific area and offer healthy environment to breathe. Moreover, rising level of PM2.5 and smoke is anticipated to surge in demand for these products across the globe.
The Smart Air Purifier Market Is Anticipated To Register A CAGR Of Over 13.1% During The Forecast Period.
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By Technology, HEPA Segment Held A Prominent Share In Global Smart Air Purifier Market In 2018
The high frequency particulate rate (HEPA) segment registered prominent share in 2018. The manufacturers are increasingly adopting this technology for the production of air purifiers. The end-product offers operational efficiency, small, and convenient to use. Also, these products help in eliminating 99% of air pollutants which is expected to fuel the segment growth during the period of research study.
Asia PacificIs Projected to Occupy Prominent Share During the Forecast Period
Asia Pacific is anticipated to account for significant share throughout the forecast period. Rising mortality rate caused by air pollution is expected to boost the sales graph in the region. In India, more than 1 million deaths are caused by air pollution yearly. Also, rising population in China and India is resulting in increased air pollution which is resulting in rapid adoption of smart air purifiers across the region. Moreover, supportive government initiatives in order to minimize impurity level in air is expected to create growth opportunities for smart purifiers in Asia Pacific.
Global Smart Air Purifier market is highly fragmented with several local and few global players. The manufacturers are focused on research and development activities intended to develop innovative products with advanced features which help them to gain competitive edge.
Prominent players operating in the Global Smart Air Purifier Market are: Dyson, Honeywell International Inc., Sharp Corporation, Koninklijke Philips N.V., Americair Corporation, Sunbeam Products, Inc., Whirlpool, COWAYCO. LTD., Blueair, and Xiaomi Corporation., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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