NEW
YORK, Aug. 12, 2024 /PRNewswire/ -- The global
indoor air quality meters market size is estimated to grow by
USD 2.25 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 8.8% during the forecast period. Increased health
concerns is driving market growth, with a trend
towards increased adoption of green buildings.
However, lack of awareness regarding indoor air pollution
poses a challenge. Key market players include 3M Co., Aeroqual Ltd., Airthings ASA, Amphenol
Corp., Camfil AB, Daikin Industries Ltd., Emerson Electric Co.,
Fortive Corp., Honeywell International Inc., IQAir AG, Kanomax
USA Inc., NETATMO SAS, Netronix
Group, Panasonic Holdings Corp., Parker Hannifin Corp., PCE Holding
GmbH, PPM Technology Ltd., RTX Corp., Thermo Fisher Scientific
Inc., and TSI Inc..
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Indoor Air Quality
Meters Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
8.8%
|
Market growth
2024-2028
|
USD 2256.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
7.49
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
32%
|
Key
countries
|
US, China, UK, Germany,
and South Korea
|
Key companies
profiled
|
3M Co., Aeroqual Ltd.,
Airthings ASA, Amphenol Corp., Camfil AB, Daikin Industries Ltd.,
Emerson Electric Co., Fortive Corp., Honeywell International Inc.,
IQAir AG, Kanomax USA Inc., NETATMO SAS, Netronix Group, Panasonic
Holdings Corp., Parker Hannifin Corp., PCE Holding GmbH, PPM
Technology Ltd., RTX Corp., Thermo Fisher Scientific Inc., and TSI
Inc.
|
Market Driver
The global indoor air quality meters market is experiencing
growth due to the increasing adoption of green buildings. Indoor
air quality is essential for the health, comfort, and productivity
of building occupants. Various countries have regulations to
monitor local air pollution. Green building technologies, including
air quality monitoring, ventilation management, humidity control,
and indoor dust and gas level management, are driving market
growth. Green buildings, designed with efficient use of resources,
are recognized as sustainable and high-performance structures.
Green design and construction methodology, such as The Green Globes
system, assesses and rates commercial buildings for eco-friendly
design. The demand for LEED-certified buildings is also driving the
adoption of green methodology in residential and commercial
construction.
Indoor Air Quality (IAQ) meters market is witnessing significant
growth due to rising concerns over indoor air pollution and its
health impacts. Air pollution, particularly in urban areas, is a
major concern, leading to increased public awareness and funding
from both public and private sectors. Monitoring stations and
advanced Air Quality Management Systems (AQMS) using nanotechnology
and chemical sensors are being adopted by government agencies and
academic institutes. Industries like petrochemical and power
generation are investing in IAQ monitors for employee safety. Smart
city authorities are integrating IAQ monitors into their
infrastructure for real-time data management. Homeowners are also
investing in wireless IAQ monitors for temperature, humidity,
ventilation, and pollutants like particulate matter (PM), carbon
dioxide (CO2), and allergens. Trends include multi-parameter
monitors, wearable monitors, and IoT integration. Pollution levels
from industrialization and temperature, humidity, and pollution
variations are driving the demand for IAQ monitors. Health impacts
such as respiratory diseases, allergies, and asthma are increasing
the importance of IAQ monitoring. Smart home systems and smart
building technologies are also integrating IAQ monitors for better
indoor air management.
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Market Challenges
- Indoor Air Quality (IAQ) meters market is witnessing
significant growth due to increasing concerns over indoor air
pollution and its health impacts. Key industries like power
generation plants and smart city authorities are investing in IAQ
monitoring solutions to ensure worker safety and public health.
Homeowner end users are also adopting IAQ monitors to protect
against allergens, respiratory diseases, and asthma. IAQ challenges
include monitoring temperature, humidity, ventilation, particulate
matter (PM), carbon dioxide (CO2), and contaminants.
Multi-parameter monitors and wireless IAQ monitors are popular
solutions. Industrialization and IoT integration are driving
innovation in sensor technologies, data analytics, and smart
building technologies to address air quality variations.
Temperature, humidity, and ventilation are crucial factors, while
allergens, pollutants, and pollution levels are major concerns.
Health impacts include respiratory diseases, allergies, and asthma.
Smart home systems are integrating IAQ monitoring to enhance user
comfort and wellbeing.
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challenges - Request a sample report!
Segment Overview
This indoor air quality meters market report extensively covers
market segmentation by
- Product
- End-user
- 2.1 Government
- 2.2 Commercial and residential
- 2.3 Energy and pharmaceuticals
- 2.4 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Fixed- Indoor air quality regulations are still
incomplete and fragmented, with regulatory bodies like OSHA
addressing the issue and promoting awareness of health concerns
arising from poor air quality. The construction of numerous
buildings over the past few decades has resulted in a space crunch,
leading to poor indoor air quality due to limited cross-ventilation
and high moisture content. Indoor air quality meters play a crucial
role in detecting pollutant levels, with Corvus' wall-mountable
devices offering wireless communication capabilities and the
ability to monitor multiple parameters. PPM Technology's
touchscreen indoor air quality profile monitors enable real-time
monitoring of multiple meters and offer features like graphical
data viewing, scheduling, reporting, and alarm notifications,
making building management more efficient. Volatile organic
compounds (VOCs), humidity, temperature, CO₂/CO levels, and
particulates are common indoor air quality parameters measured by
air quality meters. The reduced cost of measurement devices and
sensors has expanded their usage beyond commercial spaces to green
buildings and residential areas, driving the global air quality
meters market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
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reports
The Global Air Quality Monitor Market is experiencing rapid
growth due to rising environmental concerns and stringent
regulations. These devices are essential for monitoring pollution
levels and ensuring public health safety. The market is segmented
by product type, pollutant, end-user, and region. Key players
include Thermo Fisher Scientific, Siemens, and Teledyne
Technologies. North America and
Europe dominate the market, while
Asia-Pacific is poised for
significant growth. Increasing urbanization and industrial
activities, particularly in China
and India, are major drivers for
the market's expansion.
Research Analysis
Indoor Air Quality (IAQ) metering market refers to the growing
demand for devices and systems that measure and monitor indoor air
pollution levels. With increasing public awareness and funding from
both public and private sectors, the market for IAQ meters is
expanding. Monitoring stations and advanced Air Quality Management
Systems (AQMS) are being deployed in various sectors, including
academic institutes and government agencies, to study and mitigate
outdoor air pollution. Nanotechnology is playing a crucial role in
developing sensitive chemical sensors for detecting pollutants such
as particulate matter (PM), temperature, and humidity. IAQ meters
come in various forms, including indoor monitors, wearable
monitors, and fixed IAQ monitors, catering to residential,
industrial, and commercial categories. The petrochemical industry
is a significant contributor to indoor air pollution, driving the
demand for IAQ meters in this sector. Multi-parameter monitors and
wireless IAQ monitors are gaining popularity due to their ease of
use and real-time data management capabilities. Homeowner end-users
are also investing in IAQ meters to ensure a healthy living
environment for their families.
Market Research Overview
Indoor Air Quality (IAQ) meters market is witnessing significant
growth due to increasing public awareness and funding from both
public and private sectors. Air pollution, a major outdoor concern,
is also a significant indoor issue leading to health impacts such
as respiratory diseases, allergies, and asthma. IAQ meters monitor
pollutants like particulate matter (PM), temperature, humidity,
carbon dioxide (CO2), and allergens. Advanced Air Quality
Monitoring (AQM) systems use nanotechnology, chemical sensors, and
multi-parameter monitors for accurate readings. IAQ meters come in
various forms including indoor monitors, wearable monitors, and
wireless or fixed systems. Industrialization, IoT integration, and
smart building technologies are driving the market's growth.
Government agencies, academic institutes, petrochemical industry,
power generation plants, smart city authorities, and homeowner
end-users are key consumers. Temperature, humidity, ventilation,
and pollution levels vary greatly, requiring data management and
analytics for effective IAQ monitoring. Sunscreen and smart home
systems are emerging trends in the market.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- End-user
-
- Government
- Commercial And Residential
- Energy And Pharmaceuticals
- Others
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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