Published Date: 28-Jul-22
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According to a new report, published by KBV research, The Global Smart Air Purifiers Market size is expected to reach $8.4 billion by 2028, rising at a market growth of 7.9% CAGR during the forecast period.
The Activated Carbon Filtration segment is showcasing a CAGR of 8.5% during (2022 - 2028). These filters are made up of minute granular bits of carbon that absorb pollutants and allergies. Activated carbon's pores trap contaminants by adsorption, making it a useful method for removing odors, chemicals, and smoke. Carbon air filters are the most frequently utilized filters for gas removal. They are meant to filter gases through a bed of activated carbon (also known as activated charcoal) and are commonly used to counteract VOCs generated by popular household goods.
The Fume & Smoke Collectors segment acquired maximum revenue share in the Global Smart Air Purifiers Market by Product Type in 2021, thereby, achieving a market value of $3.78 billion by 2028. Fume extractors are vital because they protect employees' health. These extractors are used in a variety of sectors to remove dangerous particles from jobs like welding, soldering, and other processes that produce unpleasant smoke.
The Commercial segment has shown growth rate of 8.7% during (2022 - 2028). The presence of a great number of individuals in a room increases the danger of airborne infections in commercial venues. When it comes to decreasing carbon footprint, commercial buildings are a primary emphasis. In terms of design and operation, governments have imposed a variety of requirements on the construction of offices and commercial buildings.
The North America market dominated the Global Smart Air Purifiers Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.45 billion by 2028. The Europe market is estimated to witness a CAGR of 7.7% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 8.8% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Dyson Limited, Honeywell International, Inc., Xiaomi Corporation, LG Electronics, Inc. (LG Corporation), Koninklijke Philips N.V., Sharp Corporation, Unilever PLC, Coway Co., Ltd., and Levoit (Vesync Co., Ltd.)
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