Market Size of Europe Smart Air Purifier Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 8.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Smart Air Purifier Market Analysis
The European Smart Air Purifier Market has generated revenue of USD 3.5 billion in the current year and is poised to achieve a CAGR of 8% for the forecast period.
The smart air purifier, a modern take on the traditional air purifier, automatically filters the air for various users. Using a smartphone app that is linked to smart air purifiers via wireless networks such as Wi-Fi and Bluetooth and can be controlled remotely. The main advantage of the smart air purifier is that customers can adjust basic settings, check the quality of the air within their homes, and keep tabs on the air quality outside using their smartphones. Additionally, these gadgets monitor air quality using specialized sensors, automatically clean the air based on that data, and alert users when air quality levels change.
The region's high prevalence of airborne infections and rising pollution levels have raised product demand. In order to stop the spread of COVID-19, several nations, including Germany, Italy, France, Spain, and the United Kingdom, among others, imposed lockdown measures. Sales of household items like air purifiers, cleaning equipment, kitchen appliances, and water filtration systems have grown as a result. A rise in the region's health consciousness has also boosted product sales.
The rising demand for smart air purifiers in Europe can be attributed to the high prevalence of numerous respiratory diseases caused by poor air quality. As a result, rising industrialization levels, which result in increased emissions of air pollutants, are propelling the market growth. Furthermore, the growing automobile fleet, combined with increased adoption of air pollution control equipment, such as air purifiers, to mitigate the negative effects of toxic vehicular emissions, is catalyzing the regional market. Aside from that, a significant increase in the number of construction activities, as well as an increasing awareness of the degrading indoor air quality caused by synthetic building materials, are acting as growth-inducing factors.
Europe Smart Air Purifier Industry Segmentation
A smart air purifier is a more advanced version of a standard air purifier that is used to provide automatic air purification to multiple end users. It connects to wireless networks like Bluetooth and Wi-Fi and can be controlled remotely using a smartphone app. The report on the Europe smart air purifier market focuses on the market dynamics, trends, and demand for smart air purifiers. The report provides an in-depth examination of the market's key trends, segments, opportunities, and factors. Furthermore, detailed profiles of the major players in the global market are provided.
Europe Smart Air Purifier Market is Segmented by Type (Dust Collectors, Fume & Smoke Collectors, and Others), by Technology (HEPA, Activated Carbon Filtration, and Others), by Application (Residential, Commercial, and Others), by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Other Distribution Channels), and by Country (Germany, Italy, France, Spain, the United Kingdom, and Rest of Europe). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.
By Type | |
Dust Collectors | |
Fume & Smoke Collectors | |
Others |
By Technology | |
HEPA | |
Activated Carbon Filtration | |
Others |
By Application | |
Residential | |
Commercial | |
Others |
By Distribution Channel | |
Supermarkets/Hypermarkets | |
Specialty Stores | |
Online | |
Other Distribution Channels |
By Country | |
Germany | |
Italy | |
France | |
United Kingdom | |
Spain | |
Rest of Europe |
Europe Smart Air Purifier Market Size Summary
The European smart air purifier market is experiencing significant growth, driven by increasing health consciousness and the need to combat poor air quality. These modern devices, which can be controlled remotely via smartphone apps, offer advanced features such as real-time air quality monitoring and automatic purification based on sensor data. The demand for these products is fueled by the high prevalence of respiratory diseases and the rising levels of pollution in the region, exacerbated by industrialization and vehicular emissions. The market is further supported by the growing awareness of indoor air quality issues, particularly in workplaces and commercial buildings, where air purifiers are seen as essential for health and comfort.
The market is characterized by a diverse range of technologies, with HEPA filters dominating due to their effectiveness in trapping fine particles. Manufacturers are focusing on enhancing the efficiency and longevity of these filters to meet stringent regulatory standards. The competitive landscape is fragmented, with numerous domestic and international players such as Daikin Industries, Koninklijke Philips, and Honeywell International vying for market share. These companies are investing heavily in research and development to innovate and improve their product offerings. Recent product launches, like Xiaomi's Smart Air Purifier 4 Compact, highlight the ongoing advancements in air purification technology, catering to the growing demand for effective solutions to indoor air pollution.
Europe Smart Air Purifier Market Size - Table of Contents
-
1. MARKET DYNAMICS AND INSIGHTS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Value Chain Analysis
-
1.5 Industry Attractiveness: Porter's Five Forces Analysis
-
1.5.1 Threat of New Entrants
-
1.5.2 Bargaining Power of Buyers
-
1.5.3 Bargaining Power of Suppliers
-
1.5.4 Threat of Substitutes
-
1.5.5 Intensity of Competitive Rivalry
-
-
1.6 Insights into Technological Advancements in the Industry
-
1.7 Insights on Various Regulatory Trends Shaping the Market
-
1.8 Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Dust Collectors
-
2.1.2 Fume & Smoke Collectors
-
2.1.3 Others
-
-
2.2 By Technology
-
2.2.1 HEPA
-
2.2.2 Activated Carbon Filtration
-
2.2.3 Others
-
-
2.3 By Application
-
2.3.1 Residential
-
2.3.2 Commercial
-
2.3.3 Others
-
-
2.4 By Distribution Channel
-
2.4.1 Supermarkets/Hypermarkets
-
2.4.2 Specialty Stores
-
2.4.3 Online
-
2.4.4 Other Distribution Channels
-
-
2.5 By Country
-
2.5.1 Germany
-
2.5.2 Italy
-
2.5.3 France
-
2.5.4 United Kingdom
-
2.5.5 Spain
-
2.5.6 Rest of Europe
-
-
Europe Smart Air Purifier Market Size FAQs
What is the current Europe Smart Air Purifier Market size?
The Europe Smart Air Purifier Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Europe Smart Air Purifier Market?
Daikin Industries, Ltd, Koninklijke Philips N.V., Honeywell International, Inc., Dyson Limited and Hamilton Beach Brands, Inc. are the major companies operating in the Europe Smart Air Purifier Market.