Consumer & Retail

According to a market report by Lucintel, the future of the smart air purifier market looks promising with opportunities in the residential and commercial applications. The global smart air purifier market is expected to reach an estimated $3.7 billion by 2028 with a CAGR of 10.0% from 2023 to 2028. The major drivers for this market are increasing prevalence of airborne diseases, rising demand for a better lifestyle, and growing awareness of the adverse effects of pollution on human health.



In this market, high-efficiency particulate air (HEPA) filters, activated carbon filters, and others are different technology segments. Lucintel forecasts that high-efficiency particulate air (HEPA) filters will remain the largest technology segment over the forecast period as these filters are small, portable, and works in a single-room space. Also, HEPA filters have the capability to eliminate around 99.97% of pollution particles.

Within this market, the commercial segment is expected to witness the highest growth due to growing focus on reducing the carbon footprint of commercial buildings and increasing government regulations on the construction of offices and buildings in terms of designs and operations.



APAC is expected to remain the largest region during the forecast period due to rapidly growing industrialization and urbanization along with increasing pollution levels in countries, like China and India.

Honeywell International, Koninklijke Philips, Sunbeam Products, Xiaomi Corporation, Blueair, COWAYCO, Whirlpool, Alencorp, Sharp Corporation, and Dyson are the major suppliers in the global smart air purifier market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smart air purifier market by type, technology, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Smart Air Purifier Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global smart air purifier market by type, technology, application, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1.  What are some of the most promising, high-growth opportunities for the global smart air purifier market by type (dust collectors, fume and smoke collectors, and others), technology (high-efficiency particulate air (HEPA) filters, activated carbon filters, and others), application (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity did occur in the last five years and how did they impact the industry?