Global Indoor Air Quality Monitor Market Size, Share, Trends, Growth and Forecast 2032

Indoor Air Quality Monitor Market Insights

According to Zion Market Research, the global Indoor Air Quality Monitor Market was worth USD 4.53 Billion in 2023. The market is forecast to reach USD 10.99 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.3% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Indoor Air Quality Monitor industry over the next decade.

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Introduction

Indoor air quality is the key factor that affects health and comfort of the tenants or residents of the building. Furthermore, the key aim of the air quality monitoring is to protect the people as well as the environment from air pollution. Additionally, a large number of persons spent a major part of their time indoors during emergencies, lockdowns, and old age or disease. Air impurities can result in the allergies and respiratory ailments in such persons and hence there is a need for detecting the air quality indoors. This is likely to add towards the global popularity of indoor air quality equipment.

Moreover, owners of the building and facility & admin personnel are likely to deploy air quality monitors in commercial as well as residential constructions to help the inhabitants & occupants breathe clean air and stay in good health. Apparently, indoor air quality monitors are utilized for determining the proportion of pollutants present in external environment and in the house. The product can detect the bacteria in the air pollutant and can help in preventing airborne diseases. Furthermore, it helps in detecting sulfur particulates, carbon particulates, and nitrogen particulates as well as volatile organic composites present in air in the form of impurities.

Market Growth Drivers

Public awareness pertaining to air pollution and its impact on health as well as environment will prompt the business growth over the forecasting timespan. In addition to this, surge in the smart home constructions and rise in the trend of installing indoor air pollution monitors will proliferate the expansion of indoor air quality monitor industry over the estimated timeframe. Furthermore, increase in the fund allocation for research activities to manufacture devices used for monitoring air pollution is predicted to generate new growth avenues for the market over the forthcoming years.

Apparently, a prominent rise in the number of government schemes initiated & aimed at creating healthy & pollution-free environment in the factories will generate a plethora of growth opportunities for market in the years ahead. In addition to this, growing health awareness coupled with the need for reducing the environmental pollution has resulted in massive product demand across the globe. Apart from this, growing trend of green constructions has further added to the market size in the recent years. Nonetheless, bulging prices of the product and high maintenance costs can prove to be detrimental to the growth of the market in the upcoming years.

Indoor Air Quality Monitor Market: Report Scope

North America To Retain Market Dominance Over 2020-2026

The growth of the indoor air quality monitor industry in North America over the period from 2020 to 2026 is ascribed to launching of new indoor air quality monitors, embedding of new features in the particulate sensors & gas analyzers, and supportive government policies in the countries like the U.S. In addition to this, a prominent increase in respiratory ailments witnessed in the region will contribute majorly towards the regional market share over the assessment period. In addition to this, growing awareness about green environment and health & fitness will enhance the product penetration in the countries like Canada and the U.S.

Key players profiled in the report include

• TSI, Inc.
• Siemens AG
• Nest Labs Inc.
• Thermo Fisher Scientific, Inc.
• HORIBA, Ltd.
• 3M Company
• Testo AG
• Emerson Electric Co.
• Ingersoll Rand Plc.
• Aeroqual.

The global indoor air quality monitor market is segmented as follows:

By Product

• Fixed Indoor Monitors
• Portable Indoor Monitors

By Pollutant Type

• Chemical Pollutant
• Physical Pollutant
• Biological Pollutant

By End-Use Application

• Government Buildings
  • Government Offices
  • Government Schools
  • Others
• Industrial
  • Oil and Petrochemical
  • Chemical Plants
  • Power Plants
  • Manufacturing
  • Others
• Private Establishments
  • Private Offices
  • Private Schools
  • Others
• Commercial
  • Malls
  • Hotels
  • Departmental Stores
  • Restaurants and Cafes
• Residential
  • Society Apartments
  • Private Houses
• Others
  • Wearable
  • In-Vehicle

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa