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The Global Residential Air Quality Control Services Market size is estimated to grow by USD 1,915.49 million between 2022 and 2027 accelerating at a CAGR of 7.78%. The growth of the residential air quality control market depends on several factors, including rising demand for well-maintained infrastructure, public awareness about environmental impacts, and increases in the life span and operational efficiency of systems.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Public awareness about environmental impacts is notably driving the residential air quality control market growth. The increasing concerns about health issues caused by air pollution are major factors driving the market. The governments of different countries have taken initiatives by conducting campaigns to spread awareness of environmental pollution and ways to control it. Owing to these initiatives, people are becoming more conscious about the necessity of keeping the environment clean, thereby having a lesser impact on their health. Pollution is not only restricted to the outdoor environment but also has a major impact on occupants in residences. Staying in a polluted environment and inhaling contaminated air can give rise to massive health issues.
People staying for a longer time inside a residential premise are infants and old-aged people. Indoor air pollutants can cause irritation of the eyes, nose, throat, and even shortness of breath to such occupants as their immune systems are much weaker. Indoor pollutants may also give rise to asthma and affect the cardiovascular system. Proper maintenance and regular cleaning provide a better and safer environment, leading to fewer chances of such issues. Hence, such factors drive the growth of the market during the forecast period.
The increasing adoption rate of smart systems is an emerging trend in the market. Growing awareness and changing preferences of users towards a better lifestyle influence the owners to adopt smart systems for their regular necessities. Smart systems offer better services in terms of efficiency and productivity, with more efficiency. They are energy efficient, thereby compelling residential users to replace traditional systems with smart systems.
Smart systems installed for heating and cooling purposes help in proper air circulation in residents. The responsibility of the facility owner does not end with the installation of such systems, but increases as these systems require maintenance. Cleaning and maintenance at regular intervals boost the functioning of systems, reduce energy costs, and eliminate all the risks associated with them. These systems can also maintain a constant temperature inside the building under extreme climatic conditions. Such factors drive the growth of the market during the forecast period.
The rising labor cost is a major challenge impeding the market. The rising labor costs have become a major issue for vendors. These services require human resources such as professional supervisors, skilled technicians, and unskilled labor. However, these issues arise when resources switch to other vendors for better payments. It often becomes difficult to keep a hold of the existing staff and maintain the required staff level.
The average labor cost of both skilled and unskilled workforce grew by 20% and 28% between 2015 and 2016 in the US. This scenario is expected to continue over the next couple of years, thereby decreasing the profit margin of the air quality control service providers. To balance the overall operational cost, service providers are expected to increase the service cost, which will negatively impact the adoption of these services in the residential sector. Hence, such factors will be a major threat to the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
CLEAN AIR DUCTS LLC - The company focuses on providing air duct cleaning for residential, commercial, and RV. The key offerings of the company include residential air quality control services.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The residential air quality control market share growth by the apartments segment will be significant during the forecast period. Apartments and housing societies require more air quality control services for maintenance and ease of operation. They use centralized HVAC systems for proper heating, ventilation, and cooling and mainly require scheduled maintenance and cleaning for smooth operation.
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The apartments segment was valued at USD 2,428.86 million in 2017 and continued to grow until 2021. Apartments are implemented with long air ducts, and clogging in a single place can cause harm to the entire building. The market is concentrated mainly in the apartments segment as these systems are maintained mostly by third-party service providers who are responsible for maintaining a healthy atmosphere for occupants. In 2020, the demand increased among apartment buildings, as these buildings have many common areas accessible to residents. Furthermore, with the rising population living in apartments, the growth of the market in focus will grow in this segment during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is expected to record a significant growth rate during the forecast period, with the US dominating the market. The US is one of the pioneering users of emerging and modern technologies in air quality services and equipment. The increasing demand for clean indoor air in residential areas plays a major role in the growth of the market in the country. One of the major factors stimulating market growth in the country is the rising number of air pollutants. furthermore, guidelines from regulatory bodies such as the US Environmental Protection Agency (EPA), the OSHA, and the ASHRAE for improving the quality of indoor air in the US will boost the growth of the market in the country.
Every year, millions of residents in North America upgrade or remodel their homes to improve the energy efficiency of their buildings and/or to add new features to them. The EPA has developed protocols to protect IAQ for homes during upgrades and remodeling in the US. Under these protocols, the EPA has developed Healthy Indoor Environment Protocols for Home Energy Upgrades, a voluntary guidance document that provides a set of best practices for improving indoor air quality in conjunction with energy upgrade work in single-family homes. Therefore, owing to the presence of such protocols and guidance, the market is expected to grow in the region during the forecast period.
Additionally, Canada has become one of the most prominent markets in North America, owing to growing concerns over the deteriorating air quality and the increasing spending by consumers on residential IAQ solutions. In Canada, the growth of the market is also attributed to a rise in the introduction of global brands and products in the country and an increase in the adoption of premium and technologically advanced IAQ solutions in the residential sector. The increase in knowledge and awareness among residents about various types of products and their benefits is driving the growth of the market in Canada. Therefore, the abovementioned factors will boost regional market growth during the forecast period.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The Market is witnessing significant evolution, driven by increasing awareness about indoor air pollution and its health implications. Growth drivers include rising concerns over respiratory illnesses, allergens, and pollutants. However, restraints such as high initial costs and lack of awareness hinder market expansion. Porter's 5 Forces Framework assesses competitive rivalry, threat of new entry, threat of substitution, supplier bargaining power, and buyer bargaining power, shaping market dynamics. Value Chain Analysis and Pricing Analysis further illuminate market segments and outlook.
Company profiles highlight key players like Ace Matrix, Aden Services, and Anago Cleaning Systems, offering insights into product/service types, growth strategies, and geographical penetration. Research methodologies include primary and secondary research, subject-related expert advice, and analysis of economic, social, and political factors, regulations, and government spending. SWOT analysis identifies threats, top players, and opportunities, while engaging C-Level Executives, Marketing Managers, and Technical Personnel to ensure comprehensive market understanding and strategic decision-making.
Market Scope |
|
Report Coverage |
Details |
Page number |
160 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.78% |
Market growth 2023-2027 |
USD 1,915.49 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.99 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 36% |
Key countries |
US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
75F, ALS Ltd, BRE Group, CLEAN AIR DUCTS LLC, Clean Air Services, DuraClean, Dyson Ltd., Hawk Environmental Services Inc., Kanomax USA Inc., Perfect Pollucon Services, Servpro Industries LLC, Spectro Analytical Labs Pvt. Ltd., Total Comfort Heating and Cooling, 3M Co., AAF India Pvt. Ltd., BELFOR Holdings Inc., Daikin Industries Ltd., Johnson Controls International Plc., Neighborly Co., and Trane Technologies Plc |
Market dynamics |
Parent market analysis, Market forecasting, market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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