The global Indoor Air Quality Monitoring Solution market is estimated to be worth USD 8.92 billion in 2020, at a CAGR of 8.20%.
Global Indoor Air Quality Monitoring Solution Market: Breakup by Region, 2022 & 2031
Source: Primary Research and Secondary Research Analysis
The Indoor Air Quality Monitoring Solution Market is defined as a market for technologies and services related to indoor air quality monitoring. It includes both hardware and software components, such as sensors, controllers, and analysis tools, as well as services for monitoring and managing air quality.
Market Drivers
The Indoor Air Quality Monitoring Solution Market is driven by several factors, including the increasing need for clean and healthy indoor air, rising government regulations, and technological advancements.
Increasing Need For Clean & Healthy Indoor Air: With the growing awareness of the health hazards associated with poor indoor air quality, organizations are becoming more conscious of their need for clean and healthy air. This has resulted in an increased demand for air monitoring solutions, as organizations strive to ensure optimum air quality in their buildings.
Rising Government Regulations: In recent years, governments around the world have adopted stringent regulations for indoor air quality, in order to protect public health. As such, organizations are required to monitor their indoor environments, in order to ensure compliance with these regulations. This is leading to an increased demand for air monitoring solutions, as organizations strive to achieve compliance.
Technological Advancements: The development of advanced air monitoring technologies, such as IoT-based systems and cloud computing, has enabled the development of more accurate and efficient air monitoring solutions. This has enabled organizations to obtain real-time insights into their indoor air quality, and take immediate action to control and improve it..
The increasing demand for clean and healthy indoor air, rising government regulations, and technological advancements are driving the growth of the Indoor Air Quality Monitoring Solution Market.
Indoor air quality (IAQ) monitoring is the process of measuring and tracking the levels of pollutants and other contaminants in the air inside a building. IAQ monitoring solutions enable organizations to understand the air quality of their indoor spaces and take appropriate actions to improve it. An IAQ monitoring solution is composed of multiple elements, including sensors, software, and analysis tools.
Market Segmentation:
Market Breakup By Product
Air Purifiers
Filter-less
Air Quality Monitors
Air Conditioners
HVAC Equipment
Others (Ventilation & Oxygen Solutions)
Market Breakup By Service
Inspection & Audit
Maintenance & Retrofit
Consulting
Market Breakup By End-user
Residential
Commercial
Market Breakup By Distribution Channel
Online
Supermarket & Hypermarket
Specialty Stores
Regional Analysis
Clear representation of competitive analysis of key players by product, price, fiscal position, product portfolio, development strategies, and regional occurrence in the Indoor Air Quality Monitoring Solution Market make the report stockholder’s guide and the expanding variety of pollutants in the region is one of the primary factors driving marketplace expansion and the number of regulations and regulatory agencies, such as the United States Environmental Protection Agency (EPA), is also rising to support the marketplace's expansion. Increasing demand for clean indoor air from both commercial and residential areas plays a major role in the development of the regional marketplace in the region. As the primary demand for indoor air quality solutions is predicted to remain strong during the predicted, the marketplace in the region will continue to experience positive development.
Market Breakup By Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The indoor air quality solutions market is split and the vendors are deploying development strategies such as significant investments in R&D to compete in the market. Approximately well-known companies in the international indoor air quality solutions market design and produce indoor air quality solutions for commercial and residential consumers. Vendors in the marketplace employ mergers, acquisitions, and strategic partnerships to improve their positions. As marketplace development is likely to be slow, the landscape is expected to remain competitive.
Major players operating in the indoor air quality solutions market are:
3M Company
Aeroqual Limited
Awair Inc.
Camfil AB
Daikin North America LLC.
Emerson Electric Co.
Horiba, Ltd.
Lennox International Inc.
Panasonic Corporation
Siemens AG
Teledyne Technologies Incorporated
Testo SE & Co. KGaA
Thermo Fisher Scientific Inc.
Trane Technologies plc
Trion, Inc.
Global Indoor Air Quality Monitoring Solution Market Research Report, 2020-2031.
Table of Contents
Global Indoor Air Quality Monitoring Solution Market Research Report, 2020-2031.
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