At 09.17% CAGR, Global Smart Air Purifiers Market to Surpass US$ 10.72 Bn By 2030,Forecast Report By Zion Market Research

Smart Air Purifiers Market

According to the report published by Zion Market Research, the global Smart Air Purifiers Market size was valued at USD 5.80 Billion in 2022 and is predicted to reach USD 10.72 Billion by the end of 2030. The market is expected to grow with a CAGR of 09.17% during the forecast period.

The report analyzes the global Smart Air Purifiers Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Smart Air Purifiers Market Industry.

Global Smart Air Purifiers Market: Overview

Breathing in fresh and clean air has been very essential for health nowadays. The easiest way to take control of the quality of air by banishing pet dander, odor, allergens, and tiny pollutants is with the use of smart air purifiers. The smart air purifier is the best way to cut down on several symptoms such as coughing, sneezing, irritated eyes, headaches, and many more that are been triggered by tiny pollutants. In addition to this, smart air purifiers enable the user to control and keep track of the quality of the air. Such air purifiers make use of filters that remove airborne toxins from the air which may cause health-related issues.

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Global Smart Air Purifiers Market: Growth Factors

Rising awareness regarding harmful effects of pollution & airborne diseases, growing preference of the people towards hi-tech lifestyle, and rising disposable income are some of the major factors that are propelling the growth of the global smart air purifiers market. Additionally, some of the smart air purifiers boast intelligent features such as the potential to schedule cleaning days in advance, voice assistant compatibility, and apps that enable the user to monitor levels. Moreover, they are also Bluetooth & Wi-Fi enabled and come with apps to monitor historic and real-time trends, detect toxins, and also send alerts when the level of air quality falls below the safety threshold.

These smart air purifiers can also be monitored remotely and controlled via cloud connections securely. Owing to all these beneficial features, there is a huge demand for smart air purifiers at homes, offices, commercial spaces as well as by allergy sufferers, pet lovers, and people who are sensitive to dirt particles & odors thereby boosting the growth of the global market. In addition to this, the rising trend of smart homes, increasing levels of pollutions, and high investments made by the manufacturers to launch high-end technological advanced products are some of the key factors contributing to the growth of the market.

Furthermore, advancements in currently available techniques such as HEPA and PCO are likely to foster the growth of the global smart air purifiers market during the forecast period. However, the high premium installation and maintenance cost of the smart air purifiers may hinder the growth of the global smart air purifiers market.

Current COVID 19 pandemic situations have a moderate effect on the smart air purifiers market. The production of smart air purifiers got hampered in the first and second quarter of the year 2020, due to strict lockdown and strict regulation on personnel movement all over the world. However, demand for smart air purifiers is increasing at a significant rate as the recent study published by WHO & CDC suggest that chances of COVID 19 infections are more in closed office and commercial spaces. Hence the demand for smart air purifiers is expected to rise in the forecast period.

Global Smart Air Purifiers Market: Segmentation

The global smart air purifiers market is bifurcated based on type, bonding technique, application, and region. Based on the type, the global smart air purifiers market is divided into flip chip bonder and die bonder. Die bonder type is expected to dominate the type segment over the forecast period. Based on the bonding technique, the global smart air purifiers market is split into soft solder, eutectic, epoxy, hybrid bonding, and others. The application segment is bifurcated into LED, memory, RF & MEMS, CMOS image sensor, optoelectronics or photonics, and others.

Global Smart Air Purifiers Market: Regional Analysis

North America is estimated to lead the global smart air purifiers market over the forecast period. This is attributed to factors such as the adoption of advanced technologies, the presence of major market players, and high demand from end-users in this region. Europe is expected to be on the second spot in the global smart air purifiers market in terms of revenue. However, Asia Pacific is expected to register the highest CAGR over the forecast period. Factors contributing to the rapid growth of the smart air purifiers market in this region include significant growth in the electronic sector and growing demand for electronic devices in the region especially in India, Japan, and China.

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