Enjoy complimentary customisation on priority with our Enterprise License!
North America Indoor Air Quality Solutions market size is forecast to increase by USD 4.52 billion, at a CAGR of 7.77% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free Sample
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The equipment segment is estimated to witness significant growth during the forecast period.
Indoor air quality is a significant factor in promoting health and well-being, necessitating regular testing for allergens, CO2 emissions, radon, and volatile organic compounds (VOCs) from electronic devices. Air monitoring sensors, HVAC equipment, and air conditioners are the primary types of equipment employed in indoor air quality solutions. The North American market for indoor air quality solutions, specifically equipment, is poised for substantial growth. This expansion is driven by the increasing demand for cost-effective, smart air monitoring sensors. Green building practices, building codes, and energy efficiency regulations are also influential in the market's evolution. Advanced technologies such as UV-C light technology, HVAC system optimization, and air filtration systems are becoming increasingly popular.
Commercial applications, including office buildings, schools and universities, and healthcare facilities, are significant markets for indoor air quality solutions. Residential applications, data centers, hotels and restaurants, retail stores, and manufacturing facilities also contribute to the market's growth. Maintenance and service, data analytics, and remote monitoring are essential aspects of the market, ensuring building performance and air quality management. Ashrae standards and HEPA filters are integral to the industry's best practices.
The Equipment segment was valued at USD 5106.15 million in 2018 and showed a gradual increase during the forecast period.
Our researchers analyzed the data with 2023 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.
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, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report 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.
Indoor air quality (IAQ) solutions continue to gain significance in North America as the importance of maintaining healthy and energy-efficient built environments becomes increasingly recognized. The market for IAQ technologies is characterized by continuous evolution, with applications spanning various sectors. Life cycle analysis plays a crucial role in evaluating the environmental impact of IAQ systems, while energy efficiency remains a key consideration for building owners and operators. Ventilation systems, a cornerstone of IAQ, are being optimized through advanced design and smart integration with air quality sensors. Building codes and green building practices mandate stringent IAQ standards, driving demand for innovative solutions.
Carbon dioxide (CO2) levels, a critical IAQ parameter, are being closely monitored in office buildings, schools, and universities to ensure optimal learning and working conditions. Air quality testing and improvement are essential for maintaining healthy indoor environments in residential and commercial applications. Smart home integration, particle removal, system optimization, and volatile organic compound (VOC) removal are some of the emerging trends in IAQ solutions. IAQ management is a priority for data centers, hotels and restaurants, healthcare facilities, retail stores, and manufacturing facilities, as they strive to minimize their carbon footprint and ensure occupant comfort and health. Maintenance and service are essential components of IAQ systems, ensuring their longevity and optimal performance.
UV-C light technology, HVAC systems, data analytics, air filtration, remote monitoring, and Ashrae standards are some of the tools and frameworks that are shaping the future of IAQ solutions. The ongoing unfolding of market activities and evolving patterns underscore the importance of staying informed and adaptive in this dynamic market.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Indoor Air Quality Solutions Market in North America insights. See full methodology.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
151 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.77% |
|
Market growth 2024-2028 |
USD 4517.57 million |
|
Market structure |
Concentrated |
|
YoY growth 2023-2024(%) |
6.55 |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this market research report to meet your requirements Get in touch
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
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.