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The Global Indoor Air Quality Meters Market size is estimated to grow by USD 2.01 billion at a CAGR of 8.5% between 2022 and 2027. 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.
Low-quality fuels are widely used in developing nations, causing severe health problems, particularly among the low socioeconomic status population in Africa and South Asia. Over half of the population in developing nations burn solid fuels like wood, coal, and cow dung for cooking and heating, leading to harmful gas exposure due to poor ventilation. Millions of people die each year due to problems associated with poor indoor air quality, with developing economies being hit hardest. Chronic respiratory diseases, lung cancer, and strokes are more prevalent in children and older adults. Therefore, it becomes crucial to maintain the quality so as not to pose any threat to an individual's health. The increased health concerns demand the need for the meters, which is driving the market growth.
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This market research report extensively covers market segmentation by Product (fixed and portable), End-user (government, commercial and residential, energy and pharmaceuticals, and others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
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 2017 to 2027. 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.
North America is estimated to contribute 32% 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.
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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 is witnessing substantial growth driven by increasing awareness of indoor air pollution and its impact on health. Artificial intelligence and machine learning are being integrated into portable air quality monitors to enhance their effectiveness and efficiency in detecting pollutants like nitrogen oxides (NO2 and NO3), ozone (O3), particulate matter (PM), and sulfur dioxide (SO2). These monitors also measure carbon dioxide (CO2) levels, which can affect cognitive performance. The market is also influenced by the adoption of renewable energy sources and environmentally sustainable practices. Government initiatives like the National Air Quality Monitoring Programme (NAMP) and regulations from bodies like the EPA and Central Pollution Control Board are driving the demand. Businesses and industries are increasingly adopting eco-friendly and indoor air quality monitors to ensure a healthy environment. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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. 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.
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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 Indoor Air Quality Meter Market. One of the major companies in the market include:
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 report also includes detailed analyses of the competitive landscape of the market and information about 20 market 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. Furthermore, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023-2027, as well as historical data from 2017-2021 for the following segments.
The market is driven by increasing concerns about Air pollution monitoring and compliance requirements such as those set by the EPA (Environmental Protection Agency). Technology advancements in the field have led to the development of highly accurate meters, appealing to both the manufacturing and motorcycle industries. These meters not only ensure compliance with emission regulations but also offer noise reduction benefits, enhancing the visual appeal of high-performance motorcycles. Direct Air Capture (DAC) technologies are also gaining traction, contributing to the reduction of Carbon dioxide (CO) levels. As stakeholders seek data triangulation and insights from industry specialists, the market's growth potential and market potential are becoming increasingly evident.
The market is experiencing significant growth due to increasing consumer awareness about health and wellness. Consumers are seeking natural alternatives and products made using sustainable production methods. This trend has led to investments in innovation and the development of advanced Portable air quality monitors. The market is expanding rapidly, driven by strategic initiatives and a focus on sustained growth. Factors such as Particulate matter particles and Volatile organic compounds (VOC) are analyzed using SWOT analysis to understand the market's threats and opportunities. Leading companies like RUBIX Senses & Instrumentation and Siemens Smart Infrastructure are at the forefront of this industry, offering solutions that meet WHO (World Health Organization) Global Air Quality Guidelines (AQGs) and support initiatives like the National Clean Air Program (NCAP).
The market is witnessing significant growth with increasing investment projects and a focus on feasibility. Research conclusions suggest a strong rebound in demand driven by factors such as consumer purchasing power and financial capabilities. The market is poised for expansion, as indicated by the PEST analysis and the use of advanced AQM sensors. Leading companies like BreezoMeter and TSI Incorporated are contributing to the market's growth with innovative solutions. The market's value structure is supported by the adoption of Renewable energy sources and initiatives like the National Air Quality Monitoring Programme (NAMP). Factors such as Carbon dioxide removal (CDR) and Carbon monoxide (CO) levels are key considerations for industry players looking to capitalize on opportunities and overcome restraints in this dynamic submarket.
Indoor Air Quality Meters Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
Market growth 2023-2027 |
USD 2.01 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.46 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key countries |
US, China, South Korea, UK, and Germany |
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., Honeywell International Inc., Kanomax USA Inc., NETATMO SAS, Netronix Group, Panasonic Holdings Corp., PARKER HANNIFIN CORP., PCE Holding GmbH, PPM Technology Ltd., Raytheon Technologies Corp., Thermo Fisher Scientific Inc., TSI Inc., Fortive Corp., and IQAir AG |
Market dynamics |
Parent market analysis, market report, Market Forecasting, 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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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 Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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