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The US smart air purifier market is anticipated to grow at a CAGR of 8.2% during the forecast period (2024-2031). The market growth is driven by the high acceptance of new technologies coupled with the strong presence of global players and start-up companies in the region. Additionally, the escalating pollution level across the country is also influencing the adoption of smart air purifiers in the market. Furthermore, the rising demand for small and portable air purifiers with advanced functions such as tracking of air quality with options including daily, weekly, and monthly reports and manual and automatic settings are driving the market growth across the region.
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The US smart air purifier market is segmented by type (dust collectors, fume & smoke collectors, and others), by technology (high-efficiency particulate air (HEPA), thermodynamic sterilization system (TSS), and others), by end-use (residential, commercial, and automotive).
Market Dynamics
- The dust collectors segment is anticipated to hold the largest market share during the forecast period, owing to the increasing demand attributed to the rising pollution. In addition, features HEPA filters to lessen allergy and asthma symptoms, which contributes to the segmental growth.
- The HEPA segment is anticipated to hold the largest market share owing to its capability of eliminating up to 99% of airborne contaminants, such as bacteria, pollen, and dust.
- The residential segment is expected to grow at a considerable rate during the forecast period, attributed to rising awareness about the risk of indoor pollution on health, coupled with the rising disposable income of the population.
The major players in the US smart air purifier market include Blueair AB, COWAY Co., Ltd., Honeywell International Inc., Koninklijke Philips N.V., and others. The market players are contributing significantly to the market growth, by the adoption of various business strategies, such as collaborations, mergers and acquisitions, product portfolio diversification, and more.
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Recent Development
- In November 2022, IQAir introduced Atem X, a smart, slim, bionic air purifier. Atem X filters viruses (such as human coronavirus (HCoV-229E), the influenza A virus (H1N1) and the enterovirus 71 (EV71)), bacteria (such as E. coli, white staphylococcus, fungus Aspergillus niger), mold spores, allergens, smoke, fine dust, and ultra-fine particles. It uses BionicCore technology and offers a new orbital architecture. The product features a 320-degree rotatable air outlet, 10 inches (254 mm) design, Smoke CADR of 422 cfm at 65 dB(A), PM2.5 and CO2 sensors, and smart app integration.
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Article source: https://article-realm.com/article/Business/69271-The-Changing-Dynamics-of-the-US-Smart-Air-Purifier-Market.html
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