Technological advancements in HEPA filters and the launch of ecofriendly HEPA filters are expected to make the smart air purifiers market segment grow at a compound annual growth rate (CAGR) of 12.2 per cent during 2018 to 2025, according to a llied Market Research report. The report offers detailed insights into the market dynamics to enable informed business decisionmaking and devise growth strategies based on the opportunities present in the market. According to the report, the global smart air purifiers market was pegged at $4.10 billion in 2016 and is estimated to reach $11.40 billion by 2025.
Increasing threat of the effects of air pollution, leading to several skin allergies and chronic diseases, and a growing need to eliminate airborne particles and germs in commercial spaces and homes are the key drivers of the global smart air purifiers market. In addition, several countries have witnessed a rise in the number of diseases caused due to air pollution in households owing to excessive smoke generation through cooking. However, low awareness about the importance of smart air purifiers is the biggest challenge faced by the market, especially, in developing countries. Furthermore, growing adoption of smart homes is expected to boost the growth of the global smart air purifiers market. The research report is categorised based on dust collectors, fume and smoke collectors, and others. The market share of dust collectors was the highest in 2017, contributing about two-thirds of the total market share.