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Indoor Air Quality Market Segmented: By Sampling Method Type (Continuous, Passive, Intermittent, Manual, and Stack Sampling); by Application (Pharmaceutical Industry, Government Agencies & Academic Institutes, Commercial and Residential Users, Petrochemical Industry, Power Generation Plants, Smart City Authority, and Others) and Region - Global Analysis of Market Size, Share & Trends for 2019 - 2020 and Forecasts to 2030
[ 170 + Pages Research Report ] Indoor Air Quality Market to surpass USD 8.2 million by 2030 from USD 3.66 million in 2020 at a CAGR of 8.4% in the coming years, i.e., 2021-30.
The well-being, comfort, and health of the people inside the building are affected by indoor air quality. The nearby air pollution has its own set of regulations characterized and monitored in countries around the world. The air quality monitoring system is aimed at preventing hazardous air pollution by people and the environment. In the last few years, the market for indoor air quality monitoring systems showed substantial growth and is projected to increase during the forecast period.
The global Indoor Air Quality Market is expected to project a notable CAGR of 8.4% in 2030.
Global Indoor Air Quality Market to surpass USD 8.2 million by 2030 from USD 3.66 million in 2020 at a CAGR of 8.4% in the coming years, i.e., 2021-30. The increased public awareness of air pollution and its impact on health and the environment is one of the major elements going to boost the market growth. Additional aspects of the market growth include rising smart home popularity, efficient policy controls and surveillance of indoor air pollution, and increased R&D funding for appropriate air pollution monitoring.
A continuous segment to grow with the highest CAGR during 2020-30
The global Indoor Air Quality Market is segmented by sampling method Type into continuous, passive, intermittent, manual, and stack sampling. During the projected timeline, the Continuous segment is expected to have the highest market share. The largest proportion was represented in 2020 by the continuous sampling method segment. The results are the rapid improvement of advanced sustained monitoring systems and the large installed base of air monitoring stations, which can be directly linked to the implementation of supported government regulations on efficacious air pollution monitoring throughout other large market areas.
Government agencies segment to grow with the highest CAGR during 2020-30
Global Indoor Air Quality Market is divided by Application into the pharmaceutical industry, government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, smart city authority, and others. The largest proportion was accounted for in 2020 by government agencies and academic institutions. The large proportion of this segment is due to strict environmental regulation, increased government investment in efficacious AQM, and enhanced installation of AQM stations around the world.
Increased public awareness
Increased public awareness of air pollution and its impact on health and the environment is one of the major elements going to boost the market growth. Additional aspects of the market growth include rising smart home popularity, efficient policy controls and surveillance of indoor air pollution, and increased R&D funding for appropriate air pollution monitoring.
Introduction of green buildings
Green buildings are increasingly being built, one of the factors that drive growth in the global air quality market. Green buildings are efficient and high-performance buildings that contribute to the efficient use of water, electricity, and other resources to reduce environmental stress. They also boost the effectiveness of employees through the protection of occupants' health. High-performance buildings are being developed through the installation of air quality indoor and complex models for sources of ventilation, thus stimulating the growth of the indoor air quality market in the next few years.
Lack of regulation
The rising cost and high maintenance of products, technical restrictions on these devices, and lack of knowledge in emerging economies are some of the key constraints on the indoor air quality monitor market.
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Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Indoor Air Quality Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
During the projected timeline, APAC ought to have the highest share in the total market for Indoor Air Quality. This market has been segmented into China, Japan, South Korea, and APAC's Rest (RoAPAC). RoAPAC contains Singapore, Thailand, Malaysia, India, New Zealand, and Australia. China is the nation's biggest APAC market. The market for air quality control systems is divided into four main regions: North America, Europe, Asia, the Pacific, and the rest of the world. One of the main revenue-generating areas on the market is the Asia Pacific region. In the coming years, this market is anticipated to witness high growth, mainly because of the large-scale industrializations in the developing APAC countries, growing tightly regulated air pollution, and constant government support to develop and market sophisticated AQM products in that region.
Global Indoor Air Quality Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
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