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The residential air quality control services market size is forecast to increase by USD 2.14 billion at a CAGR of 8.09% between 2023 and 2028.
The residential air quality control services industry 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 apartments segment is estimated to witness significant growth during the forecast period.
In the realm of residential properties, the demand for air quality control services is on the rise, particularly in apartments and housing societies. These communities rely on third-party companies for maintenance and operation of their centralized HVAC systems, ensuring healthy indoor air quality for occupants. Long air ducts in these buildings necessitate regular cleaning to prevent clogging and potential harm to the entire structure. The market is primarily driven by the apartment segment, as proper maintenance and optimization of HVAC systems are crucial for efficient heating, ventilation, and cooling. Energy efficiency and sustainability are also essential considerations in modern residential construction, leading to the integration of air quality monitoring, analysis, and filtration systems.
Sustainable homes and multi-family housing projects prioritize air quality data and analysis to adhere to building codes and EPA regulations. Home renovation projects often include the installation of air purifiers, UV air purification, and HEPA filtration systems to improve indoor air quality and address concerns related to dust mites, pet dander, and respiratory health. Air exchange rates, data analytics, and remote monitoring have become increasingly important in optimizing air quality and energy efficiency in residential properties. Green building initiatives and home improvement projects further emphasize the importance of air quality testing, air sealing, and repair services to ensure a healthy living environment.
In the context of new construction, performance optimization and adherence to Ashrae standards are essential for ensuring energy efficiency and optimal indoor air quality. Additionally, rental properties require regular maintenance and air quality testing to meet regulatory requirements and maintain tenant satisfaction. The integration of smart home technology and home automation systems allows for more efficient air quality control and remote monitoring, further enhancing the overall living experience. The evolving trends in the market reflect a growing emphasis on health and wellness, energy efficiency, and sustainable living.
The Apartments segment was valued at USD 2.56 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 39% 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 experiencing notable growth, with the United States leading the charge. This market's expansion is driven by the increasing prevalence of air pollutants and the US's adoption of advanced technologies in air quality solutions. The market is characterized by a diverse company landscape, with both local and international players. In the US, there is a growing trend towards smart home technology and maintenance contracts for air quality services. Building codes and regulations, such as EPA guidelines and ASHRAE standards, are influencing the market's direction. Installation services for air purifiers, filtration systems, UV air purification, and ventilation systems are in high demand.
Energy efficiency and sustainability are key considerations in new construction and home improvement projects. Air quality monitoring, analysis, and testing are essential services for ensuring health and wellness, particularly for those with respiratory issues or sensitivities to pet dander and dust mites. Air exchange rates, data analytics, and remote monitoring are also gaining traction in the market. Green building and multi-family housing are emerging sectors, with a focus on air sealing and performance optimization. Repair services and duct cleaning are also important aspects of the market. The regional market is expected to continue its growth trajectory, driven by these trends and the increasing awareness of the importance of indoor air quality.
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 Global Residential Air Quality Control Services Market grows with air quality testing for homes and HEPA air purifiers for residences. Residential air quality trends highlight smart air purifiers for allergies and indoor air quality monitoring services. Air quality services for urban homes and air purifiers for pet owners drive demand, per residential air quality forecast. Eco-friendly air purification systems leverage air quality services with IoT, while air purifiers for asthma relief ensure health. Air quality services for new homes and air purifiers for dust control enhance comfort. Air quality services for elderly care, advanced air purification technologies, and air quality services for HVAC optimize solutions. Residential air quality for wellness, air quality service supply chain, air purifiers for mold prevention, air quality services for smart homes, air quality control for families, and air quality services for global markets fuel growth through 2028.
The residential air quality control services 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 residential air quality control services market 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, residential air quality control services market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry 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 industry 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.
The market is experiencing significant growth as homeowners prioritize energy-saving solutions and strive for healthier living environments. Air quality guidelines and home air quality standards continue to evolve, driving the demand for air quality certification and improvement services. Air quality research and technology advancements, including air filtration and ventilation, are key factors in this market trend. Air quality indexes provide valuable data for air quality management and awareness, while air quality consulting and education help homeowners make informed decisions. Air quality regulations are increasingly stringent, necessitating the adoption of air purification technology and ongoing air quality monitoring using sensors. The market for air quality services is dynamic, with a focus on innovation and continuous improvement to meet the evolving needs of homeowners.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Residential Air Quality Control Services Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
164 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.09% |
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Market growth 2024-2028 |
USD 2143.3 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
7.32 |
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Key countries |
US, China, Germany, Japan, UK, Australia, India, France, Brazil, UAE, Rest of World (ROW), Saudi Arabia, France, South Korea, Mexico, Italy, and Spain |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 End-user
7 Market Segmentation by Service
8 Market Segmentation by Technology Specificity
9 Market Segmentation by Distribution Channel
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 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
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