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The indoor air quality meters market size is estimated to grow by USD 2.26 billion at a CAGR of 8.8% between 2023 and 2028. Market growth is being fueled by heightened health concerns, particularly the escalating prevalence of chronic diseases that are driving demand for healthcare products and services. Moreover, the implementation of numerous government regulations and projects aimed at tackling health, safety, and environmental issues is creating opportunities for companies offering compliance solutions and services. Additionally, the mounting environmental pollution, including air and water pollution, is boosting demand for environmental technologies and services, further contributing to market expansion. These trends underscore the increasing importance of health and environmental sustainability, driving the growth of related markets and industries.
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The market is witnessing significant growth driven by rising public awareness regarding air pollution and its environmental and healthcare implications. Advanced Air Quality Monitoring (AQM) systems equipped with low power gas sensors and chemical sensors utilize nanotechnology to provide accurate measurements of pollutants like particulate matter (PM). These systems cater to government agencies, academic institutes, and commercial and residential users seeking effective data management solutions. The market includes diverse products such as indoor monitors, outdoor monitors, and wearable monitors, addressing varying needs across residential categories. With innovations in multi-parameter monitors and wireless IAQ monitors, the industry supports fixed IAQ monitors in enhancing indoor air quality for homeowner end users concerned with temperature and humidity levels.
The increase in government regulations and initiatives related to indoor air quality is a key driver. Government bodies like OSHA and ASHRAE in the US have introduced regulations to enhance indoor air quality in buildings. In South American nations like Mexico, there's a push to encourage cleaner cooking fuels and regulate indoor air pollution in homes. The European Union is funding projects like INTASENSE and CETIEB to monitor this effectively, to improve it, and to identify pollutants. These regulatory measures and initiatives are anticipated to boost the market in the upcoming years. This growth is further supported by advancements in artificial intelligence (AI) and machine learning, which are enhancing effectiveness and efficiency.
Additionally, the use of blockchain technology is helping to ensure the integrity and security of data collected by these monitors. With a focus on criteria pollutants such as nitrogen oxides (NO2 and NO3), ozone (O3), particulate matter (PM), sulfur dioxide (SO2), and carbon dioxide (CO2), the industry is striving to develop eco-friendly and environmentally sustainable monitoring solutions. These developments have the potential to not only benefit businesses but also contribute to national air quality monitoring programs like the EPA's Ambient Air Monitoring Program.
The global market is being driven by the increasing adoption of green building technologies. This is an important factor that affects the health, comfort, and productivity of building occupants. The use of green building technologies such as monitoring, ventilation management, humidity control, and indoor dust and gas level management is expected to boost the market growth.
Moreover, green buildings are high-performance and sustainable structures that are designed to use resources efficiently. The Green Globes system is a popular tool used for the design of eco-friendly commercial buildings, while the demand for LEED-certified buildings is driving the adoption of green building methodology in residential and commercial buildings.
Limited awareness of indoor air pollution in developing nations hinders the growth of the market. Various unavoidable events lead to air pollution and these events are directly responsible for global warming, melting glaciers, and rising sea levels.
However, in developing countries, there is limited awareness of indoor air pollution and its adverse effects on human health. As people spend most of their time indoors, it is important to educate them about the quality of indoor air and the correlation between respiratory diseases and poor indoor air quality. companies in the global market need to raise awareness and take measures to address indoor air pollution hazards. In developed nations, where people are more health-conscious, the awareness level is higher, but in certain regions of developing nations, there is a lack of awareness which poses a challenge to the market industry.
The market forecasting 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 market growth analysis strategies.
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.
3M Co.- The company offers EVM 7, which monitors both particulates and air quality in one compact instrument at a lower cost of ownership; it combines three instruments, including CO, CO2, and PID (photoionization detection) sensors, into one single kit.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
During the forecast period, the fixed segment is expected to experience significant market share growth. Fixed or wall-mounted indoor meters are designed to work with a variety of gas sensor heads, with some models capable of detecting multiple pollutants. The sensors can be easily replaced to measure different types of gas pollutants since each sensor head measures only one gaseous pollutant.
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Regulations regarding these are still fragmented and incomplete, but governments and states are working on drafting new rules and regulations. Regulatory organizations such as OSHA address the issue and are also responsible for spreading awareness regarding health issues arising, especially in indoor spaces. This has driven the market for equipment manufacturers that provide indoor air quality solutions, ranging from monitoring to the removal of indoor air pollutants. Furthermore, our report provides a brief analysis of historical and forecast market share and their segments along with the reasons for growth from 2018 to 2028. The growth of this segment is primarily attributed to the increasing adoption of these meters, which is driven by an increase in global demand.
To combat the impact of industrial and vehicular activity on air quality, governments are setting up monitoring stations and indoor meters in busy locations. Beta attenuation mass meters are accurate but expensive and typically used for large-scale stations. Newer technologies like mobile air quality sensors, low-cost stationary sensors, and satellite monitoring can provide local data, leading to increased awareness and demand for these meters in the forecast period.
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North America is estimated to contribute 32% to the growth of the global market during the market 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. The region is among the early users of modern technologies in the field of air quality equipment. The variety of pollutants present in the region is one of the major factors stimulating the growth of the market. The presence of stringent regulations implemented by regulatory bodies such as the US Environmental Protection Agency (EPA) is also driving the growth of the market.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
Air Quality Monitor Market - Air Quality Monitor Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Germany, UK, Japan - Size and Forecast
Indoor Air Quality (IAQ) Solution Market - Indoor Air Quality (IAQ) Solution Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, UK, Japan, South Korea - Size and Forecast
Residential Air Quality Control Services Market - Residential Air Quality Control Services Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, UK, Germany, Japan - Size and Forecast
The Indoor Air Quality Meter market is expanding with the demand for air quality monitoring system driven by concerns over health impacts and pollution levels in residential and industrial settings. Advanced Air Quality Monitoring (AQM) systems featuring low power gas sensors and multi-parameter monitors are crucial for monitoring volatile organic compounds (VOCs), allergens, and other contaminants. These systems are increasingly integrated with IoT technology and smart home systems, enabling real-time monitoring and data analytics. They serve diverse sectors including the petrochemical industry, power generation plants, and smart city authorities, contributing to public-private funding initiatives aimed at improving air quality variations. As industrialization continues, the adoption of sensor technologies and smart building technologies enhances environmental management and health outcomes, emphasizing sustainable practices and smart urban development.
Moreover, in the realm of air quality monitoring systems, the fusion of public-private funding has spurred remarkable advancements. Innovations such as advanced AQM systems equipped with low power gas sensors redefine accuracy and efficiency. These systems employ sophisticated sampling methods to ensure reliability, crucial in addressing concerns like allergies and asthma. Integrating IoT technology enables real-time data collection and analysis, enhancing indoor air quality monitors. A holistic approach with multi-parameter monitors caters specifically to the residential category, offering peace of mind through proactive monitoring. As awareness grows, these solutions act as the sunscreen protecting our health against environmental challenges.
Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
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 2.25 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
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 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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 dynamics |
Parent market analysis, Market forecasting 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 |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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