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 |
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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.
