Vendor Insights
The indoor air quality meters market is fragmented and the vendors are deploying growth strategies such as focusing on delivering effective, innovative, efficient, and environmentally friendly products to compete in the market. Market vendors are focusing more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Established players are offering effective, innovative, efficient, and environmentally friendly products. For instance, Carrier's Infinity system customizes and controls humidity, ventilation, and temperature; and is capable of monitoring the requirement for battery servicing and other services. In August 2021, Thermo Fisher Scientific Inc. partnered with ChromSword to deliver rapid automated high-performance liquid chromatography.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- 3M Co.
- Camfil AB
- Carrier Global Corp.
- Daikin Industries Ltd.
- Fluke Corp.
- Honeywell International Inc.
- Kanomax USA Inc.
- Parker Hannifin Corp.
- Thermo Fisher Scientific Inc.
- TSI Inc.
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Geographical Market Analysis
North America was the largest revenue-generating regional segment of the indoor air quality meters market in 2020. The region is among the early users of modern technologies in the field of air quality equipment. The variety of pollutants in the region is one of the major factors stimulating the growth of the market. The presence of regulations and regulatory bodies such as the US Environmental Protection Agency (EPA) is also driving the growth of the market.
On the other hand, APAC will continue to contribute the highest growth of 31% during the forecast period. China and Japan are the key markets for indoor air quality meters in APAC. Market growth in APAC will be faster than the growth of the market in other regions. Rising pollution in countries such as Singapore and Malaysia and the subsequent increase in demand for indoor air quality products contribute to the market growth. The growth of the region can be attributed to the advent of technologically advanced indoor air quality solutions and the growing presence of global companies. Countries such as China, Australia, Singapore, and Malaysia are some of the major contributors to the indoor air quality meters market in APAC.
Know more about this market's geographical distribution along with the detailed analysis of the top regions. https://www.technavio.com/report/indoor-air-quality-meters-market-market-industry-analysis
Key Segment Analysis
The fixed product segment held the largest indoor air quality meters market share in 2020 and will continue to account for the highest market share during the forecast period. The fixed or wall-mounted monitors are compatible with a wide range of gas sensor heads. There are certain meters that are able to detect the presence of more than one pollutant. Also, if a particular type of gas is to be measured, it can be executed by changing the sensor head in the monitor. Each head measures one gaseous pollutant, so these sensor heads can be exchanged with others in case a different gas pollutant is to be measured.
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Key Market Drivers & Challenges:
The increased health concerns are one of the prominent drivers influencing the indoor air quality meter market growth during the forecast period. Low-quality fuels are predominantly used in developing nations. The harmful effects of burning low-quality fuels are felt maximum by the low socioeconomic status population in Africa and South Asia. Small rooms, which lack proper ventilation, coupled with increased levels of pollutants generated from burning such fuels, lead to increased exposure to harmful gases. Such health problems in developing economies, which include chronic respiratory diseases, lung cancer, and strokes, are more prevalent in children and old people as they are the most vulnerable. Therefore, it becomes crucial to maintain the quality of indoor air so as not to pose any threat to individuals' health.
However, lack of awareness regarding indoor air pollution is one of the key challenge anticipated to limit the market's growth during the forecast period. It is witnessed that the awareness regarding indoor air pollution is very limited, especially in developing countries. The majority of people lack basic knowledge regarding factors that influence the quality of indoor air. Therefore, it becomes important to get people informed about the quality of the air they are breathing indoors.
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Residential Air Quality Control Services Market by End-user, Service, and Geography - Forecast and Analysis 2021-2025
Indoor Air Quality Solutions Market in North America by Product, End-user, and Geography - Forecast and Analysis 2020-2024
Indoor Air Quality Meters Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.22% |
Market growth 2021-2025 |
USD 1.60 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.12 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
APAC at 31% |
Key consumer countries |
US, China, UK, Japan, and Canada |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
3M Co., Camfil AB, Carrier Global Corp., Daikin Industries Ltd., Fluke Corp., Honeywell International Inc., Kanomax USA Inc., Parker Hannifin Corp., Thermo Fisher Scientific Inc., and TSI Inc. |
Market dynamics |
Parent market analysis, 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 |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio
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