About Indoor Air Quality Monitor
Indoor Air Quality Monitor is used to monitor the quality of the air in the home, school, office, or building environments. The improved indoor air can help residential, commercial, and industrial end-users to achieve health and safety goals. The indoor air quality monitor provides more comfortable and cleaner air in the surrounding environment. These monitors are capable to measure specific pollutants such as VOCs, CO, O3, NO2, NH3, and others. Indoor air quality has been a matter of concern for public health. Hence, in order to maintain the desired level of comfort, it is essential to perform indoor air quality monitoring in all buildings. The growing adoption from the real estate industry is supplementing the market demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.94% |
The global indoor air quality monitor market is largely competitive and consists of several vendors who compete on global and regional level. These manufacturers are involved in tactical associations including capacity expansion, joint ventures and mergers & acquisitions to adopt innovative technologies with increase in production capacity in order to cater escalating demand. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Indoor Air Quality Monitor market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Siemens AG (Germany), Emerson Electric Co. (United States), Thermo Fisher Scientific, Inc. (United States), 3M Company (United States), TSI, Inc. (United States), Ingersoll Rand Plc. (Ireland), HORIBA, Ltd. (Japan), Testo AG (Germany), Aeroqual (United States) and Nest Labs Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Delta Electronics, Inc. (Taiwan), Sensirion AG (Switzerland), Extech Instruments (United States) and Applied Techno Systems (India).
Segmentation Overview
AMA Research has segmented the market of Global Indoor Air Quality Monitor market by Type (Portable Type and Stationary Type), Application (Government, Industrial {Oil & Petrochemical, Chemical Plants, Power Plants, Manufacturing Plants, Other}, Residential and Commercial {Hotels, Malls. Departmental Stores, Restaurants & Cafes}) and Region.
On the basis of geography, the market of Indoor Air Quality Monitor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Automation, the sub-segment i.e. Fully-Automatic will boost the Indoor Air Quality Monitor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pollutant Type, the sub-segment i.e. Chemical Pollutant will boost the Indoor Air Quality Monitor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Environment Friendly Industries
Market Growth Drivers:
Rising Adoption of Smart Home Living, Growing Public Awareness Owing to Healthcare and Environmental Implications of Air Pollution and Government Regulations for Reducing, Monitoring and Controlling Air Pollution
Challenges:
Technical Limitations Due to Complex Nature of Indoor Pollutants
Restraints:
High Costs Associated With Air Quality Monitoring Solutions
Opportunities:
Technological Advancements in the Field of Air Pollution Monitoring and Growing Industrial Sector to Drive the Need for Indoor Air Quality Monitoring
Market Leaders and their expansionary development strategies
In September 2022, Google has acquired Israeli startup BreezoMeter, the tech giant confirmed to CTech. BreezoMeter aims to monitor air quality and improve people’s health by using atmospheric data that is acquired through multiple sensing stations, AI, and machine-learning algorithms that are trained to recognize and detect several different types of pollutants.
In February 2022, Honeywell today announced the launch of its Indoor Air Quality (IAQ) monitor, which alerts building owners and operators of potential issues to proactively improve indoor air quality, thereby potentially decreasing the risk of transmitting airborne contaminants. A Make in India offering, the compact, touchscreen-enabled device measures key IAQ parameters including temperature, relative humidity, and indoor air pollutants, and provides an IAQ index based on the readings.
As per the United States Environmental Protection Agency (EPA) studies, indoor air contamination negatively impacts personal health and wellbeing.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Indoor Air Quality Monitor Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.