According to the report, the smart air purifiers market accounted for $4,510 million in 2017, and is expected to reach $11,403 million by 2025, growing at a CAGR of 12.2% from 2018 to 2025.
In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for more than 34% share of the global market, followed by North America.
Rise in awareness about the adverse effects of pollution on humans is encouraging various electronics companies to introduce advanced air purifies in the market.
In addition, increase in need to remove fine airborne particles and germs from commercial spaces, offices, and homes, including the living room, bedroom, kitchen, and bathroom acts as the key driver of the global market.
Furthermore, many countries are observing increase in household air pollution, due to excessive smoke generation through cooking, which has escalated the demand for smart air purifiers, thereby promoting the growth of the market.
The dust collectors segment secured the highest share of 61.7% in the smart air purifier market in 2017, and is expected to grow at a CAGR of 12.4% during the forecast period.
In terms of technique, the high-efficiency particulate air (HEPA) segment is expected to contribute the highest market share in the coming years, as these purifiers have extensive demand due to their advance purifying process.
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
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Chapter 3: Market Overview
Chapter 4: Smart Air Purifier Market, by Type
Chapter 5: Smart Air Purifier Market, by Technique