Global Smart Air Purifier Market will Exhibit Negative Impact During 2020-2024 | Growing Demand for Home Automation Products to Improve the Market Growth | Technavio

By Associated Press 30 October 2020, 12:00AM

LONDON--(BUSINESS WIRE)--Oct 29, 2020--

Technavio has been monitoring the global smart air purifier market size, operating under the consumer discretionary industry. The latest report on the smart air purifier market, 2020-2024 estimates it to register an incremental growth of USD 3.35 billion, at a CAGR of 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Smart Air Purifier Market 2020-2024 (Graphic: Business Wire)

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.Download Latest Free Sample Report on COVID-19 Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Dyson Ltd., Honeywell International Inc., IQAir North America Inc., Koninklijke Philips NV, LG Electronics Inc., Samsung Electronics Co. Ltd., Sharp Corp., Unilever Group, Winix Inc., and Woongjin Coway Co. Ltd. are among some of the major market participants.

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Growing demand for home automation products has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts

Smart Air Purifier Market 2020-2024: Segmentation

Smart Air Purifier Market is segmented as below:

  • Product
    • Dust Collectors
    • Fume
    • Smoke Collectors
  • Technology
    • HEPA
    • Activated Carbon
    • Others
  • Geographic Landscape
    • APAC
    • North America
    • Europe
    • MEA
    • South America

Based on geographic segmentation, over 48% of the market’s originated from APAC during the forecast period. In addition, dust collectors segment led the growth under the product segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.

Smart Air Purifier Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart air purifier market report covers the following areas:

  • Smart Air Purifier Market Size
  • Smart Air Purifier Market Trends
  • Smart Air Purifier Market Industry Analysis

This study identifies the new product launches by vendors as one of the prime reasons driving the Smart Air Purifier Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Smart Air Purifier Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist smart air purifier market growth during the next five years
  • Estimation of the smart air purifier market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the smart air purifier market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of smart air purifier market, vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Dust collectors - Market size and forecast 2019-2024
  • Fume and smoke collectors - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • HEPA - Market size and forecast 2019-2024
  • Activated carbon - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Technology

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Dyson Ltd.
  • Honeywell International Inc.
  • IQAir North America Inc.
  • Koninklijke Philips NV
  • LG Electronics Inc.
  • Samsung Electronics Co. Ltd.
  • Sharp Corp.
  • Unilever Group
  • Winix Inc.
  • Woongjin Coway Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201029005755/en/

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Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: RETAIL HOME GOODS

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 10/29/2020 06:00 PM/DISC: 10/29/2020 06:01 PM

http://www.businesswire.com/news/home/20201029005755/en

By Associated Press 30 October 2020, 12:00AM
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