Indoor Air Quality Solutions Market Size to Grow by USD 14.61 billion from 2021 to 2026; The technological advancements in indoor air quality solutions to be a major market trend - Technavio

NEW YORK, June 27, 2023 /PRNewswire/ -- The indoor air quality solutions market size is estimated to increase by USD 14.61 billion from 2021 to 2026, with a CAGR of 8.28%, according to a recent market study by Technavio. This report also offers data projections, market size, segmentation, and regional segmentation. Discover some insights on market size before buying the full report -Request a sample report

Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.

Find Technavio's Exclusive Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria

• One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
• Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
• Furthermore, market adoption rates for all regions have been covered.

The indoor air quality solutions market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors listed below -

3M Co., Aeroqual Ltd., AIRPROFILING Ltd., Camfil AB, Carrier Global Corp., ClimateCare, Daikin Industries Ltd., Germguard Technologies M Sdn. Bhd., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., LG Electronics Inc., MANN HUMMEL International GmbH and Co. KG, Panasonic Corp., Perfect Pollucon Services, Sensirion AG, SGS SA, Spectro Analytical Labs Pvt. Ltd., Trane Technologies Plc, and UL LLC. Download Free Sample

Indoor Air Quality Solutions Market: Segmentation Analysis

This report extensively covers market segmentation by product (Equipment and Services) and geography ( North America, APAC, Europe, South America, and Middle East and Africa).

• The market share growth by the equipment segment will be significant during the forecast period. The international market by equipment is anticipated to register fast growth during the forecast period, driven by high demand for smart and low-cost air monitoring sensors. Several vendors offer a broad range of air quality monitoring equipment and air quality management solutions and systems, assuring complete air quality management. However, the availability of a wide range of innovative indoor air quality equipment in the market would continue to remain a major driving factor for the growth of the market in focus in this segment.

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Indoor Air Quality Solutions Market: Market Dynamics 

Key Drivers

The new product development and robust marketing support are notably driving the Indoor Air Quality Solutions Market. Current market launches include Trane Technologies' Wellsphere Digital Indoor Environmental Quality Management Solutions, Daikin Industries Ltd.'s MC55 and DAFU series air purifiers, and Camfil AB's CC500 Portable Air Purifier developed to control the transmission of COVID-19. These new offerings provide a range of designs, colours, and sizes, while advertisements and promotions keep buyers informed about the latest technological improvements. Such factors contribute to the growth of the indoor air quality solutions market.

Major Trends 

Technological advancements are an emerging trend shaping the Indoor Air Quality Solutions Market. A few years before, indoor air pollution in homes, schools, offices, and factories increased to double that of outdoor air. Almost 90% of people across the world spend their time indoors. Such factors were driving the demand for indoor air quality solutions from related downstream industries. Similarly, technological advancements such as loT-based monitoring systems and cyber-physical systems for real-time monitoring, along with advanced sensor networks, have encouraged the installation of IAQ systems across applications. Technological developments in the field of indoor air quality monitors and solutions have led to the growth of better and more developed equipment in the form of wearable devices. Governments in the EU have been supporting projects that conduct extensive R&D on such wearable devices.

Significant Challenge 

The high competition will be a major challenge that may impede the Indoor Air Quality Solutions Market growth. The market has a fragmented vendor presence, and the presence of many regional and global players has increased competitiveness to affect adversely indoor air quality solutions equipment and services. Since there are many local vendors catering to the market, global players face hardships in retaining their foothold. However, local vendors deliver low-cost indoor air quality solutions and equipment such as air filters, air purifiers, humidifiers, and other equipment, which forces global vendors to offer the products at equivalent prices. Such factors are expected to drag down the overall growth of the global market during the forecast period.

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What are the key data covered in this Indoor Air Quality Solutions Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the indoor air quality solutions market between 2022 and 2026
• Precise estimation of the size of the indoor air quality solutions market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Growth of the indoor air quality solutions market industry across North America, APAC, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Indoor air quality solutions market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021 

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Equipment - Market size and forecast 2021-2026
• Exhibit 28: Chart on Equipment - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Equipment - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Equipment - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Equipment - Year-over-year growth 2021-2026 (%)

• 5.4 Services - Market size and forecast 2021-2026
• Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product 
• Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 UK - Market size and forecast 2021-2026
• Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 South Korea - Market size and forecast 2021-2026
• Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers 

• 8.2 Market challenges 

• 8.3 Impact of drivers and challenges 
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends 

9 Vendor Landscape

• 9.1 Overview 

• 9.2 Vendor landscape 
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 88: Matrix on vendor position and classification

• 10.3 3M Co. 
• Exhibit 89: 3M Co. - Overview
• Exhibit 90: 3M Co. - Business segments
• Exhibit 91: 3M Co. - Key news
• Exhibit 92: 3M Co. - Key offerings
• Exhibit 93: 3M Co. - Segment focus

• 10.4 Aeroqual Ltd. 
• Exhibit 94: Aeroqual Ltd. - Overview
• Exhibit 95: Aeroqual Ltd. - Product / Service
• Exhibit 96: Aeroqual Ltd. - Key offerings

• 10.5 Camfil AB 
• Exhibit 97: Camfil AB - Overview
• Exhibit 98: Camfil AB - Product / Service
• Exhibit 99: Camfil AB - Key offerings

• 10.6 Carrier Global Corp. 
• Exhibit 100: Carrier Global Corp. - Overview
• Exhibit 101: Carrier Global Corp. - Business segments
• Exhibit 102: Carrier Global Corp. - Key news
• Exhibit 103: Carrier Global Corp. - Key offerings
• Exhibit 104: Carrier Global Corp. - Segment focus

• 10.7 Daikin Industries Ltd. 
• Exhibit 105: Daikin Industries Ltd. - Overview
• Exhibit 106: Daikin Industries Ltd. - Business segments
• Exhibit 107: Daikin Industries Ltd. - Key offerings
• Exhibit 108: Daikin Industries Ltd. - Segment focus

• 10.8 Honeywell International Inc. 
• Exhibit 109: Honeywell International Inc. - Overview
• Exhibit 110: Honeywell International Inc. - Business segments
• Exhibit 111: Honeywell International Inc. - Key news
• Exhibit 112: Honeywell International Inc. - Key offerings
• Exhibit 113: Honeywell International Inc. - Segment focus

• 10.9 Johnson Controls International Plc
• Exhibit 114: Johnson Controls International Plc - Overview
• Exhibit 115: Johnson Controls International Plc - Business segments
• Exhibit 116: Johnson Controls International Plc - Key news
• Exhibit 117: Johnson Controls International Plc - Key offerings
• Exhibit 118: Johnson Controls International Plc - Segment focus

• 10.10 Lennox International Inc. 
• Exhibit 119: Lennox International Inc. - Overview
• Exhibit 120: Lennox International Inc. - Business segments
• Exhibit 121: Lennox International Inc. - Key news
• Exhibit 122: Lennox International Inc. - Key offerings
• Exhibit 123: Lennox International Inc. - Segment focus

• 10.11 Panasonic Corp. 
• Exhibit 124: Panasonic Corp. - Overview
• Exhibit 125: Panasonic Corp. - Business segments
• Exhibit 126: Panasonic Corp. - Key offerings
• Exhibit 127: Panasonic Corp. - Segment focus

• 10.12 Trane Technologies Plc 
• Exhibit 128: Trane Technologies Plc - Overview
• Exhibit 129: Trane Technologies Plc - Business segments
• Exhibit 130: Trane Technologies Plc - Key news
• Exhibit 131: Trane Technologies Plc - Key offerings
• Exhibit 132: Trane Technologies Plc - Segment focus

11 Appendix

• 11.1 Scope of the report 

• 11.2 Inclusions and exclusions checklist
• Exhibit 133: Inclusions checklist
• Exhibit 134: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 135: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 136: Research methodology
• Exhibit 137: Validation techniques employed for market sizing
• Exhibit 138: Information sources

• 11.5 List of abbreviations 
• Exhibit 139: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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