Indoor Air Quality Monitoring Device Market
Indoor Air Quality Monitoring Device Market - By Product, By Pollutant Type, By End-Use Application & Global Region - Market Size, Trends, Share & Forecast 2020-2025Request Sample Request Discount
Indoor Air Quality (IAQ) involves the physical, biological, and chemical aspects of indoor air within and around the buildings and structures. It is known to largely affect the health, comfort, and well-being of the inhabitants.
IAQ can be affected by gases, particulates, microbial contaminants or any mass or energy stressor which penetrate the building environment or enter the building through windows.
Poor IAQ can induce adverse health conditions and can lead to chronic and acute respiratory illness and allergies. It can also trigger sick building syndrome, absenteeism and also reduce productivity.
Indoor air quality monitoring devices with embedded sensors are therefore utilized for the determination of the proportion of pollutants and impurities present in the indoor environment. The key purpose of air quality monitoring devices is to protect the people as well as the environment from air pollution. These devices also check whether there is adequate ventilation, temperature and humidity level at preferable point in the premises or not.
The global indoor air quality monitoring device market is anticipated to grow at a CAGR of around 8.1% over the period of next 5 years.
The growth of this market is attributed towards major pertaining factors including; the surging level of air pollution worldwide, the growing number of indoor air pollutants around the globe, the increasing presence of supportive government regulations for effective air pollution monitoring & control, the rising trend of installing indoor air pollution monitors and the increasing public awareness pertaining to air pollution and its impact on health as well as the environment etc.
Additionally, governments of all regions, alongside the stringent regulations on environmental pollution are also emphasizing on the formulation and issuance of supportive policies, schemes and grants for the increased adherence to these air quality standards. With that said, they are also effectively bringing out several new initiatives towards the development of environment-friendly industries and for creating healthy & pollution-free environment in the factories. Owing to this, various industries including the food processing, chemicals and other process industries are projected to generate long term demand for indoor air quality monitoring devices, especially after a temporary lull in 2020 due to the outbreak of the COVID-19 pandemic.
Moreover, proliferation in the allocation of funds by both public-private sectors for research activities to manufacture devices used for monitoring air pollution effectively is leading to the introduction of new products in the market which are technologically advanced. Also with that, the advent of IoT and Industry 4.0 is revolutionizing the standardizing and functioning of indoor air quality solutions equipment massively. For instance, the recent introduction of an automated equipment for monitoring dust, CO2, and radon which uses sensors to collect and process live indoor air data that can be analyzed, stored, and displayed directly on a smartphone or tablet effectively can be taken into account. This is set to enhance the growth of the overall IAQ monitoring device market substantially over the next few years.
Furthermore, other factors such as the surging need to attain global sustainability, the growing popularity and demand for smart homes, the rising demand for air quality monitors by different enterprises, corporates, academic institutions, malls & shopping centers, among others will further bolsters the growth of this market in the coming years.
However, factors such as the high cost and maintenance of these devices, the technical limitations of these devices and the lack of awareness in the developing economies regarding these devices hinder the growth of this market.
INDOOR AIR QUALITY MONITORING DEVICE MARKET SEGMENTATION:
- Fixed Indoor Monitors
- Portable Indoor Monitors
By Pollutant Type:
- Chemical Pollutant
- Physical Pollutant
- Biological Pollutant
By End-Use Application:
- Government Buildings
- Government Offices
- Government Schools
- Oil and Petrochemical
- Chemical Plants
- Power Plants
- Private Establishments
- Private Offices
- Private Schools
- Departmental Stores
- Restaurants and Cafes
- Society Apartments
- Private Houses
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
The North American region holds the largest share in the indoor air quality monitoring devices market followed by Europe and is projected to continue to the lead the market in the forthcoming years. The growth in this region can be attributed to factors such as; the rising prevalence of respiratory ailments in the region, the increasing adoption of new and advanced indoor air quality monitoring technologies in the region, the growing technological advancements in the field of gas analyzers and particulate sensors in industries and the growing awareness regarding green environment and health & fitness in the region etc. Furthermore, the rising funding and investments for promoting indoor and outdoor air pollution monitoring and presence of supporting government regulations also contribute to the growth of the market in this region. The major contributors in the region include the U.S and Canada.
The Asia Pacific region is the fastest growing regional market for indoor air quality monitoring devices. The region is projected to witness massive growth in the upcoming years owing to factors such as the proliferation of large-scale industrialization across major economies in the region, the surging implementation of stringent air pollution regulations in the region coupled with the growing government emphasis on industry compliance with these regulations and the consistent government support for the development and commercialization of advanced IAQM products etc. The major contributors in the region include India and China.
FEW KEY PLAYERS IN INDOOR AIR QUALITY MONITORING DEVICE MARKET:
- Thermo Fisher Scientific Inc.
- 3M Company
- TSI Inc.
- Testo AG
- Nest Labs Inc.
- AZ Instruments
- Siemens AG
- Emerson Electric Co.
- Ingersoll Rand Plc.
- HORIBA Ltd.
- Other Players
- In January 2021, Kronos Advanced Technologies, Inc. announced the availability of the first of its kind personal smart sensor, optimized for detection of micro bio-aerosols and air quality. This revolutionary product was developed and is manufactured by Israeli hi-tech startup, Canario LTD and is exclusively marketed in North America by Kronos Advanced Technologies Inc.
- In February 2021, uHoo, a global indoor air quality management company, announced the launch of uHoo Aura, the best-in-class indoor environmental quality monitor that provides real-time data and actionable insights on key indoor environmental quality factors to help businesses and building owners create a healthy, safe, and productive workplace.
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