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Indoor Air Quality Meters Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45152
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The indoor air quality meters market share is expected to increase by USD 1.60 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.22%.

This indoor air quality meters market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers indoor air quality meters market segmentation by product (fixed and portable) and geography (North America, Europe, APAC, South America, and MEA). The indoor air quality meters market report also offers information on several market vendors, including 3M Co., Camfil AB, Carrier Global Corp., Daikin Industries Ltd., Fluke Corp., Honeywell International Inc., Kanomax USA Inc., Parker Hannifin Corp., Thermo Fisher Scientific Inc., and TSI Inc. among others.

What will the Indoor Air Quality Meters Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Indoor Air Quality Meters Market Size for the Forecast Period and Other Important Statistics

 

Indoor Air Quality Meters Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased health concerns is notably driving the indoor air quality meters market growth, although factors such as lack of awareness regarding indoor air pollution may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the indoor air quality meters industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Indoor Air Quality Meters Market Driver

The increased health concerns will fuel the growth of the indoor air quality meters market size. Millions of people die each year due to problems associated with poor indoor air quality, with the number being higher in developing nations than in developed economies. Such health problems in developing economies, which include chronic respiratory diseases, lung cancer, and strokes, are more prevalent in children and old people as they are the most vulnerable. Modern society experiences a different level of indoor air pollution. The air quality within a house or a building is governed by several factors such as site location, climate, building system, sources of contamination, and the lifestyle of the residents. The maximum time of an individual is spent indoors, be it at home or a corporate office. Therefore, it becomes crucial to maintain the quality of indoor air so as not to pose any threat to individuals' health. 

Key Indoor Air Quality Meters Market Trend

The increased adoption of green buildings is another factor supporting the indoor air quality meters market share growth. Indoor air quality is a major factor that helps determine the health, comfort, and productivity of a building's occupants. Countries across the world use their own sets of regulations to characterize and monitor local air pollution. The growing adoption of green building technologies such as air quality monitoring, ventilation management, humidity control, and indoor dust and gas level management is expected to drive the growth of the global indoor air quality meters market.

Key Indoor Air Quality Meters Market Challenge

The lack of awareness regarding indoor air pollution will hamper the indoor air quality meters market growth during the forecast period. It is witnessed that the awareness regarding indoor air pollution is very limited, especially in developing countries. The majority of people lack basic knowledge regarding factors that influence the quality of indoor air. Vendors in the global indoor air quality meters market need to spread awareness among the public and take effective measures regarding the hazards of indoor air pollution. In developed nations, where people are health conscious, the awareness level is on the rise, and they are aware of the long-term consequences of indoor air pollution. But in certain regions of the developing nations, individuals are unaware of the harmful effects of poor indoor air quality. This becomes a challenge for the market in such regions.

This indoor air quality meters market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the indoor air quality meters market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the indoor air quality meters market during the forecast period.

Who are the Major Indoor Air Quality Meters Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 3M Co.
  • Camfil AB
  • Carrier Global Corp.
  • Daikin Industries Ltd.
  • Fluke Corp.
  • Honeywell International Inc.
  • Kanomax USA Inc.
  • Parker Hannifin Corp.
  • Thermo Fisher Scientific Inc.
  • TSI Inc.

 

This statistical study of the indoor air quality meters market encompasses successful business strategies deployed by the key vendors. The indoor air quality meters market is fragmented and the vendors are deploying growth strategies such as focusing on delivering effective, innovative, efficient, and environmentally friendly products to compete in the market.

Product Insights and News

  • 3M Co. - The company offers an indoor air quality meter namely a 3M indoor air quality monitor kit with CO sensor 1 kit.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The indoor air quality meters market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Indoor Air Quality Meters Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the indoor air quality meters market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the household appliances market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Indoor Air Quality Meters Market?

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31% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for indoor air quality meters in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The advent of technologically advanced indoor air quality solutions and the growing presence of global companies will facilitate the indoor air quality meters market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The indoor air quality meters market in the region faced some challenges due to the spread of COVID-19 in 2020. China, Japan, South Korea, and India were some of the countries that were severely affected by the COVID-19 pandemic. Governments of many countries in APAC introduced restrictions on business activities and social gatherings. Reduction in customer footfall in stores and adoption of work from home in offices further declined the demand for indoor air quality meters in the region in 2020. However, essential industries, such as food and beverage, chemical, and pharmaceutical, were operating at the usual utilization rates. The lockdown restrictions were relaxed in the first half of 2021, owing to the rise in vaccination drives in the region. This led to the resumption of operations in indoor air quality meter manufacturing plants, which helped the regional market recover in the first half of 2021 and will fuel market growth in the region during the forecast period.

What are the Revenue-generating Product Segments in the Indoor Air Quality Meters Market?

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The indoor air quality meters market share growth by the portable segment will be significant during the forecast period. PM 2.5, M10, microbial growth due to humidity and temperature, carbon dioxide, carbon monoxide (CO), volatile organic compounds (VOCs), radon, and other toxic gases are some of the common pollutants that are found indoors. These pollutants can cause respiratory problems, allergic reactions, and frequent sickness. This drives the need for service providers to install portable indoor air quality monitoring equipment. These products monitor and maintain the quality of air whenever required. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the indoor air quality meters market size and actionable market insights on post COVID-19 impact on each segment.

Indoor Air Quality Meters Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.22%

Market growth 2021-2025

$ 1.60 billion

Market structure

Fragmented

YoY growth (%)

7.12

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 31%

Key consumer countries

US, China, UK, Japan, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., Camfil AB, Carrier Global Corp., Daikin Industries Ltd., Fluke Corp., Honeywell International Inc., Kanomax USA Inc., Parker Hannifin Corp., Thermo Fisher Scientific Inc., and TSI Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Indoor Air Quality Meters Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive indoor air quality meters market growth during the next five years
  • Precise estimation of the indoor air quality meters market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the indoor air quality meters industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of indoor air quality meters market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Fixed - Market size and forecast 2020-2025
  • Portable - Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 3M Co.
  • Camfil AB
  • Carrier Global Corp.
  • Daikin Industries Ltd.
  • Fluke Corp.
  • Honeywell International Inc.
  • Kanomax USA Inc.
  • Parker Hannifin Corp.
  • Thermo Fisher Scientific Inc.
  • TSI Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The indoor air quality meters market market growth will increase by $1174.26 million during 2019-2024.
The indoor air quality meters market market is expected to grow at a CAGR of 6.29% during 2019-2024.
Technavio has segmented the indoor air quality meters market market by product (Portable and Fixed) and geographic (North America, Europe, APAC, South America, and MEA).
3M Co., Camfil AB, Carrier Global Corp., Daikin Industries Ltd., Fluke Corp., Honeywell International Inc., Kanomax USA Inc., Parker Hannifin Corp., Thermo Fisher Scientific Inc., TSI Inc. are a few of the key vendors in the indoor air quality meters market market.
APAC will register the highest growth rate of 33.69% among the other regions. Therefore, the indoor air quality meters market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the indoor air quality meters market market growth are:
  • Increased health concerns
The indoor air quality meters market market vendors should focus on grabbing business opportunities from the portable segment as it accounted for the largest market share in the base year.
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