The global smart air purifiers market is expected to reach USD 11,403 million by 2025, from USD 4510 million in 2017, growing at a CAGR of 12.2 percent from 2018 to 2025. Smart purifiers function by gathering air quality data from special monitoring sensors on the units, and send alerts when air quality levels change. Smartphone apps allow users to control these purifiers by enabling fine tune adjustment of air cleaning settings.
Growing awareness about the adverse effects of pollution on health has encouraged various electronics manufacturers to introduce advanced air purifiers. Moreover, people have become more technology oriented, and tend to invest significantly on high-end products such as smart air purifiers owing to increase in per capita income of the population in the emerging economies. However, high maintenance cost, replacement of filters, and premium installation charges have limited the adoption of these purifiers, thereby restraining the growth of the market.
The global smart air purifiers market is segmented into product, technique, end user, and region. By type, the market is categorized into dust collectors, fume & smoke collectors, and others. The dust collecting smart air purifiers segment dominated the global market, and is expected to maintain this trend throughout the coming years, due to wide applications of these purifies. Based on technique, the market is fragmented into as high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), ultraviolet germicidal irradiation, filter, activated carbon-polarized media photocatalytic oxidation (PCO), ionizer purifiers, and others. High-efficiency particulate air (HEPA) technology is anticipated to dominate the global smart air purifiers market throughout the forecast period.
The end-user segment is fragmented into residential, commercial, and others. In 2017, the residential segment accounted for the highest market share, followed by the commercial segment. Regionally, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2017, Asia-Pacific was the highest contributor to global smart air purifiers market, and is expected to witness significant growth rate in the coming years.― MarketWatch