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Indoor Air Quality Monitoring Market Research Report 2024

Indoor Air Quality Monitoring Market Global Industry Analysis And Forecast (2024- 2032) By Type (Indoor Monitors and Outdoor Monitors), End-User (Commercial & Residential, Public Infrastructure, Power Generation Plants, Pharmaceutical Industry), And Region

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Report ID: 388

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Global Indoor Air Quality Monitoring Market Synopsis

The Global Indoor Air Quality Monitoring Market was worth USD 4.9 Billion in 2023. As such, the forecast is that the market is expected to reach USD 8.34 Billion by 2032 with a CAGR of 7.1% over the period from 2024 to 2032.

IAQ monitor is a device or system that checks the levels of different air contaminants and helps assess how safe the air is to breathe. It can alert people when some of those levels become unsafe.

  • The indoor air quality (IAQ) monitoring market is experiencing robust growth due to increasing awareness of the health impacts associated with poor air quality and rising concerns about environmental conditions inside buildings. Key drivers include a heightened focus on health and wellness, stringent regulatory standards, and advancements in sensor technology that enhance the accuracy and affordability of air quality monitoring solutions. The market is characterized by the widespread adoption of IAQ monitors in residential, commercial, and industrial settings, with applications ranging from detecting pollutants such as VOCs, particulate matter, and carbon dioxide to ensuring compliance with building codes and regulations.
  • Technological innovations, such as smart and connected devices, are further propelling market expansion, enabling real-time data analysis and integration with other building management systems. The demand for energy-efficient and sustainable building solutions is also boosting the adoption of IAQ monitoring systems. Key players in the market are focusing on product innovation and strategic partnerships to cater to diverse consumer needs and enhance their market presence.

Top Key Players Involved Are:        

"Siemens AG, Emerson Electric Co., Thermo Fisher Scientific Inc., Google Nest Labs Inc., 3M, Aeroqual Ltd., TSI Inc., Ingersoll Rand plc, Panasonic Corp., Daikin North America LLC, Trane Technologies plc, Lennox International Inc., Zigma Global Environ Solutions, Teledyne Technologies Inc., Horiba Ltd., and Other Active Players."

Global Indoor Air Quality Monitoring Market Trend Analysis

Increasing awareness about the impact of indoor air quality on health:

  • The growing awareness of the impact of indoor air quality (IAQ) on health is a major driving force behind the Indoor Air Quality Monitoring market. As individuals become increasingly conscious of how poor air quality can lead to respiratory issues, allergies, and other health problems, there is a heightened demand for effective IAQ monitoring solutions. This awareness is driven by rising incidences of health conditions linked to indoor pollutants, such as asthma and chronic obstructive pulmonary disease (COPD).
  • Additionally, the increase in urbanization and the prevalence of energy-efficient buildings, which often have poor ventilation, further exacerbates concerns about indoor air quality. Governments and health organizations are also emphasizing the importance of monitoring and improving IAQ to safeguard public health.

Smart Technology Integration Creates an Opportunity for the Global Indoor Air Quality Monitoring Market

  • The integration of smart technology presents significant opportunities for the Indoor Air Quality (IAQ) monitoring market. Advanced sensors and IoT-enabled devices enhance real-time monitoring, offering precise and continuous data on air quality parameters such as particulate matter, CO2 levels, and volatile organic compounds. This connectivity allows for seamless integration with home and building management systems, facilitating automated responses to poor air quality, such as activating air purifiers or adjusting ventilation systems.
  • Artificial Intelligence (AI) and machine learning enhance data analysis, predicting air quality trends and personalizing recommendations for improving indoor environments. Mobile applications and cloud-based platforms enable users to monitor and control IAQ remotely, increasing accessibility and user engagement.

Global Indoor Air Quality Monitoring Market Segment Analysis:

The Global Indoor Air Quality Monitoring Market is Segmented into Type, End- Users, and Region.

By Type, the Indoor Monitors segment is expected to dominate the market during the forecast period.

  • The Indoor Monitors segment is projected to dominate the Indoor Air Quality (IAQ) Monitoring Market due to several compelling factors. These monitors offer real-time, precise data on various indoor pollutants, including particulate matter, volatile organic compounds, and carbon dioxide levels. This capability is crucial for ensuring healthy indoor environments in both residential and commercial settings.
  • The increasing awareness of the health impacts of poor indoor air quality is driving demand for these monitors. As concerns about respiratory issues, allergies, and overall well-being grow, consumers and businesses alike are seeking effective solutions to monitor and improve indoor air quality. Additionally, advancements in sensor technology and data analytics have enhanced the performance and affordability of indoor monitors, making them more accessible to a broader audience.

By End-use, the Commercial & Residential segment held the largest share in 2023.

  • The Commercial & Residential segment holds a dominant position in the Indoor Air Quality (IAQ) monitoring market due to rising awareness and regulatory pressures surrounding air quality. In commercial spaces, including offices, retail outlets, and hospitality venues, maintaining optimal indoor air quality is crucial for employee health, productivity, and customer satisfaction. As businesses increasingly recognize the impact of air quality on their operations and brand image, investments in advanced IAQ monitoring systems have surged.
  • Similarly, in residential settings, heightened awareness of health impacts from poor indoor air quality drives demand for monitoring solutions. With growing concerns over allergens, pollutants, and overall air safety, homeowners are increasingly adopting IAQ monitors to ensure a healthy living environment.

Global Indoor Air Quality Monitoring Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

  • The Asia Pacific region is projected to lead the indoor air quality (IAQ) monitoring market due to several factors. Rapid urbanization and industrialization in countries like China, India, and Southeast Asian nations have significantly increased the need for effective air quality management. Rising awareness of health issues linked to indoor air pollution, coupled with stringent government regulations and standards aimed at improving air quality, drives market growth.
  • Technological advancements in IAQ monitoring, such as the development of smart sensors and integrated systems, further fuel the market. Additionally, the growing adoption of smart buildings and homes in the region contributes to increased demand for advanced IAQ monitoring solutions. The expanding real estate sector, along with rising disposable incomes, also supports market expansion as consumers become more conscious of indoor air quality and its impact on health.

Global Indoor Air Quality Monitoring Market Top Key Players:

  • Aeroqual Ltd.
  • TSI Inc.
  • Ingersoll Rand Plc.
  • Panasonic Corp.
  • Daikin North America LLC
  • Trane Technologies plc
  • Lennox International Inc.
  • Zigma Global Environ Solutions
  • Teledyne Technologies Inc.
  • Horiba Ltd., and Other Active Players.

Global Indoor Air Quality Monitoring Market

Base Year:

2023

Forecast Period:

2024- 2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 4.9 Bn.

Forecast Period 2024-32 CAGR:

7.1%

Market Size in  2032:

USD 8.34 Bn.

 

By Type

  • Indoor Monitors
  • Outdoor Monitors

By End- Users

  • Commercial & Residential
  • Public Infrastructure
  • Power Generation Plants
  • Pharmaceutical Industry

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Frequently Asked Questions

What would be the forecast period in the Global Indoor Air Quality Monitoring Market research report?

The forecast period in the Global Indoor Air Quality Monitoring Market research report is 2024- 2032.

Who are the key players in the Global Indoor Air Quality Monitoring Market?

Siemens AG, Emerson Electric Co., Thermo Fisher Scientific Inc., Google Nest Labs Inc., 3M, Aeroqual Ltd., TSI Inc., Ingersoll Rand plc, Panasonic Corp., Daikin North America LLC, Trane Technologies plc, Lennox International Inc., Zigma Global Environ Solutions, Teledyne Technologies Inc., Horiba Ltd., and Other Active Players.

What are the segments of the Global Indoor Air Quality Monitoring Market?

The Indoor Air Quality Monitoring Market is Segmented into Type End-users, and Region. Type the market is categorized into (Indoor Monitors and Outdoor Monitors), End-User the market is categorized into (Commercial & Residential, Public Infrastructure, Power Generation Plants, and Pharmaceutical Industry. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Global Indoor Air Quality Monitoring Market?

IAQ monitor is a device or system that checks the levels of different air contaminants and helps assess how safe the air is to breathe. It can alert people when some of those levels become unsafe.

How big is the Global Indoor Air Quality Monitoring Market?

The Global Indoor Air Quality Monitoring Market was worth USD 4.9 Billion in 2023. As such, the forecast is that the market is expected to reach USD 8.34 Billion by 2032 with a CAGR of 7.1% over the period from 2024 to 2032.

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