The global Smart Air Purifier Products market was valued at USD 1.2 billion in 2021 and is projected to expand at a CAGR of 20.2% from 2022 to 2030. Smart air purifiers are gaining popularity among consumers due to their ability to provide highly efficient air purification, energy savings, and ease of use. Furthermore, increasing awareness about air pollution and its effects on health is driving the demand for smart air purifiers. Smart air purifiers are designed to detect and filter out pollutants such as smoke, dust, pollen, pet dander, and other allergens in air.

The rising trend of connected homes and the increasing number of internet-connected devices have enabled smart air purifiers to become a part of the larger system. Smart air purifiers are equipped with Wi-Fi and Bluetooth connections, allowing users to control, monitor, and adjust the air quality in their home remotely. Smart air purifiers are also fitted with sensors that can detect and monitor the air quality, and provide real-time information on the air quality inside and outside the home.

In addition, the rising prevalence of allergies and asthma is driving the demand for smart air purifiers. According to a report by the Asthma and Allergy Foundation of America, the number of people suffering from allergies and asthma in the US is increasing. As a result, more and more consumers are turning to smart air purifiers to alleviate the symptoms of these conditions. Furthermore, the increasing number of brand launches and product innovations is also driving the demand for smart air purifiers. For instance, in December 2021, Coway launched a new air purifier with advanced air quality monitoring and auto-adjustment capabilities.

Moreover, the growing demand for air purifiers in commercial spaces is providing a significant boost to the market. According to a study conducted by the International Association of Indoor Air Quality, the demand for air purifiers in commercial spaces is rising, as businesses are looking for ways to improve the air quality and reduce the risk of airborne diseases. The rising demand for smart air purifiers in commercial spaces can be attributed to their ability to provide highly efficient air purification, energy savings, and ease of use.

Furthermore, the increasing focus on sustainability and eco-friendly products is also driving the demand for smart air purifiers. Smart air purifiers are designed to consume less energy and reduce the amount of pollutants released into the atmosphere. As a result, these devices are becoming increasingly popular with eco-conscious consumers. Additionally, the increasing focus on health and wellness is also driving the demand for these devices. Smart air purifiers are equipped with advanced sensors and filters that can detect, monitor, and filter out harmful pollutants, providing improved air quality and enhanced health benefits.

The smart air purifier segment was the largest market in 2020 and is expected to remain dominant during the forecast period. Growing awareness regarding air pollution levels, coupled with the increasing adoption of smart technology, has been driving the demand for smart air purifiers. According to an article published by the World Health Organization, in May 2020, 91% of the world’s population lives in places where air pollution exceeds limits set by the WHO. Furthermore, rising focus on deriving better air quality in homes and offices, and the increasing popularity of smart technologies such as AI and IoT are some of the major factors driving the market growth.

The commercial segment is expected to register the highest CAGR of 12.2% over the forecast period. Growing awareness regarding the health hazards posed by air pollution, along with increasing adoption of air purifiers in commercial areas such as offices, restaurants, and healthcare facilities, is driving the demand for commercial air purifiers. According to an article published by the World Health Organization, in May 2020, air pollution causes around 7 million deaths each year, with around 4 million of those deaths occurring in the workplace. In addition, rising disposable incomes, along with the increasing demand for safe and healthy working environments, is expected to propel the market growth.

The supermarkets and hypermarkets segment is expected to hold a major share of the market in 2022. This can be attributed to the rising consumer inclination towards supermarkets & hypermarkets as a primary source to purchase smart air purifier products. According to a study by MarketResearch.com in 2020, more than 55% of customers prefer to purchase air purifiers from a physical store rather than online stores. This is due to the ability of customers to physically inspect the product, get a better sense of size and design, and ask questions to the store staff before making a purchase.

The online segment is expected to register the highest CAGR of 8.7% over the forecast period. This can be attributed to the increasing penetration of internet and rising adoption of e-commerce platforms among consumers. Online stores are convenient, cost-effective, and offer a wide selection of smart air purifier products. Furthermore, the availability of promotional offers and discounts on online stores has also encouraged customers to purchase air purifiers from these platforms.

The standalone segment accounted for the largest revenue share of 60.7% in the year 2022. The growing concern among consumers regarding the indoor air pollution is driving the demand for standalone air purifiers. Moreover, the rising disposable income is allowing consumers to invest in high-end standalone air purifiers. For instance, in June 2022, Panasonic Corporation launched a new air purifier with a humidity sensor. Additionally, the rise in the number of households worldwide is driving the demand for these products.

The integrated segment is anticipated to expand at the highest CAGR of 12.2% over the forecast period. The integration of air purifiers with smart home systems is helping the end users control the device remotely and monitor the air quality. This is attracting the end users to invest in integrated air purifiers. Additionally, the increasing number of smart home products is also driving the demand for integrated air purifiers. For instance, in April 2022, Sharp Corporation launched a new integrated air purifier with a voice assistant and Wi-Fi connectivity.

Asia Pacific is expected to be the fastest-growing region over the forecast period. Increasing awareness of the health and environmental benefits of air purifiers and increasing disposable incomes are expected to be the major drivers of the regional growth. China is a major contributor to the regional market growth as it is estimated to account for more than 70% of the market share in the region. In addition, rising air pollution levels in the region is further expected to drive the growth of the air purifier market.

North America is the second-largest regional market and is expected to witness steady growth in the coming years. The presence of various prominent vendors and their efforts to offer innovative products is expected to drive the growth of the market in the region. For instance, in October 2021, Blueair, a leading provider of indoor air purifiers, launched a new premium air purifier model with a three-stage filtration system.

Europe is expected to be the third-largest regional market. Rising air pollution levels in the region, especially in the U.K., Germany, and France, is expected to drive the growth of the market. In addition, increasing awareness about the health benefits of air purifiers is expected to propel the growth of the market in the region.

In this part of the Smart Air Purifier Products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your Smart Air Purifier Products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a Smart Air Purifier Products business comes from product sales, wholesale orders, online sales, and other services such as installation, repair and maintenance. Here you will find a list with a description of each of them and other possible sources of profit such as advertising, sponsorships, and the sale of accessories.

Projecting Expenses
In this section, all the regular expenses related to keeping the Smart Air Purifier Products business running will be described. The list of operating expenses includes wages, inventory, marketing, legal fees, utilities, insurance policies, and others.

Some of the key companies operating in the smart air purifier market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Samsung Electronics Co., Ltd. launched the Smart Air Purifier with Wi-Fi and voice-control capabilities.

– In August 2022, Philips Electronics launched the air purifier with an air quality indicator and an app-based control system.

– In November 2022, Honeywell International Inc. launched the HEPA air purifier with a multi-level filtration system.

Some of the prominent players in the smart air purifier market include:

– Samsung Electronics Co., Ltd.
– Philips Electronics
– Honeywell International Inc.
– Daikin Industries, Ltd.
– LG Electronics Inc.
– Panasonic Corporation
– Sharp Corporation
– Coway Co., Ltd.
– AMWAY
– Blueair AB

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global smart air purifier products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Smart Air Purifier
– Air Quality Monitors
– Replacement Filters
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Online
– Retail
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Portable
– Built-in

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Smart Air Purifier Products?
[A]: Smart air purifier products are designed to provide an enhanced user experience and advanced air purification technologies. The inclusion of sensors and other intelligent systems within the air purifier helps to provide real-time information on air quality, allowing users to control and monitor their indoor environment more effectively. Smart air purifiers also feature automated and advanced filtration processes that help to reduce allergens, dust, and other contaminants in the air.

[Q]: Who are the Key Players in the Smart Air Purifier Products Market?
[A]: Major players in the global air purifier products market include Panasonic Corporation, Sharp Corporation, Daikin Industries Ltd., Honeywell International Inc., and Philips Electronics N.V.

[Q]: Which Region Offers the Largest Opportunity for Sales of Smart Air Purifier Products?
[A]: Asia-Pacific is expected to be the most attractive market for smart air purifier products, due to the region’s increasing awareness about air pollution, rapid industrialization, and changing lifestyles. The region is expected to witness the highest growth rate in terms of sales, over the forecast period.

[Q]: What are the factors driving the smart air purifier products market?
[A]: Increasing air pollution levels, growing awareness about air quality, and the increasing number of allergies and respiratory diseases are expected to be the major drivers of the smart air purifier products market. In addition, increasing consumer spending on home appliances, growing disposable income levels, and the rising popularity of connected devices are also expected to drive the market.