Indoor Air Quality Monitor Market - Forecast(2024 - 2030)

Indoor Air Quality Monitor Market Overview

The Indoor Air Quality Monitor Market size is forecast to reach US$ 6.7 billion by 2027, growing at a CAGR of 6.8% from 2022 to 2027. Indoor Air Quality Monitoring (IAQM) is an essential process to determine the level of contaminants present in indoor air which can affect productivity & well-being of occupants. The indoor particulate matter such as dust, dirt, soot, smoke, and moisture along with levels of gases like carbon dioxide, carbon mono-oxide and others are measured. Common sources of poor indoor air quality include inadequate maintenance of HVAC systems, non-vented gas heaters, and vehicle exhaust emissions. The air quality management system receives data from the sensors and IoT-driven devices and analyses the data received to optimize the PM levels and manage the humidity control. The application of indoor air quality monitor is found in various indoor spaces such as commercial, industrial or residential. The increasing levels of pollution, advancements in technologies like Internet of things, artificial intelligence and sensor networks are driving this market. However, there are many restraining factors like high initial and maintenance cost and growing use of renewable and non-pollutant energy sources hinders the growth of market.

Indoor Air Quality Monitor Market Report Coverage

The report: “Indoor Air Quality Monitor Industry Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the indoor air quality monitor industry.

Key Takeaways

• The portable monitor segment held the largest indoor air quality monitor market share in the market segmented by product type in 2021. This is attributed to the mobility and compact size, availability of real-time data through sensors and IoT-based devices.
• The Corporate segment in the indoor air quality monitor market segmented by end-user held the largest share in 2021. This is due to the rise in demand for healthy workspaces. As, poor indoor air quality has been linked to an illness called Sick Building Syndrome which affects the productivity and health of the employees. 
• North America market held the largest share in terms of revenue with 35%, in 2021. This high revenue share is due to the advancements in IT technologies such as artificial intelligence and machine learning to analyze the data captured via IoT-connected devices and sensors, increasing awareness among people about indoor air quality and rise in pollution levels.
• The COVID-19 pandemic confined people into indoors and closed spaces. This fueled the demand for good indoor air quality monitoring systems. Also, the growing industrialization exhausts are compelling the companies and public spaces to opt for indoor air quality monitoring systems as well. All these factors help in the growth of the market over the forecast period 2022-2027.

Indoor Air Quality Monitor Market Value Share, By Geography, 2021(%)

Indoor Air Quality Monitor Market Segment Analysis- By Contaminant

The indoor air quality monitor market by contaminant has been segmented into physical, chemical and biological. Chemical pollutant held the largest share of around 40%in 2021. The growing chemical pollutants in and around residential from vehicles and electronics, in commercial places due to heavy machinery and in the corporate from exhausts and cooling systems are leading to release of severe chemical pollutants. These pollutants include carbon monoxide (CO), ammonia (NH₃), nitric oxide (NO), nitrogen dioxide (NO₂), ozone (O₃), particulate matter (PM), sulphur dioxide (SO₂) and volatile organic compounds (VOC) and other heavy metal particulates. They lead to fatal diseases such as asthma caused by exposure to smog, mesothelioma caused by exposure to asbestos, and learning disabilities caused by exposure to lead. In September 2021, according to World Health Organization (WHO), Over 3.8 million people a year die prematurely from illness attributable to the household air pollution caused by the inefficient use of solid fuels and kerosene for cooking. Among these 3.8 million deaths, 27% are due to pneumonia and 20% from chronic obstructive pulmonary disease (COPD). These are fatal health issues which are caused by the indoor chemical pollutants. Hence, the indoor air quality monitoring system is in great demand for measuring and optimizing the chemical pollutants which are rising and can prove harmful for health.

Indoor Air Quality Monitor Market Segment Analysis- By End User

The indoor air quality monitor market by end-user industry has been segmented into government and public, industrial, corporate, commercial, residential, and others. The Corporate segment held the largest market share in term of revenue with 20%, in 2021. However, owing to the COVID-19 pandemic, residential segment is predicted to grow over the forecast period 2022-2027.The indoor pollution in residential spaces is mainly due to stoves and fuel-burning combustion appliances, tobacco products, building materials and furnishings, products for household cleaning and maintenance, personal care, or hobbies, central heating and cooling systems and humidification devices and also due to excess moisture content inside the house.In 2019, HEPA (high efficiency particulate air) statistics on indoor air quality, High-efficiency particulate air filters remove 99.97% of airborne bacteria, dust, mold, and pollen particles as small as 0.3 microns. Thus, the innovations and devices are modified to improve the air quality inside residential spaces as mentioned above due to increasing awareness among people and technological progress to develop such mechanisms.

Indoor Air Quality Monitor Market Segment Analysis- By Geography

The indoor air quality monitor market by geography is segmented into North America, Europe, Asia-Pacific (APAC), South America, and the rest of the world (RoW). APAC held the second largest indoor air quality monitor market share and is expected to grow at the fastest rate with 8.1% CAGR during the forecast period 2022-2027. The COVID-19 pandemic led to remote working confining people into indoors for most of the time, the high pollution levels in major cities of countries in Asia-Pacific such as Bangladesh, China and India will contribute in the growth of this market over the forecast period 2022-2027. In 2021, as per IQAir report, Hotan in the north-western region of Xinjiang was China's worst performing city, with average PM2.5 readings of more than 100 micrograms, largely caused by sandstorms. India also faces a major pollution issues with an average PM_2.5 concentration of 51.90 micrograms. Such densely polluted countries in APAC are predicted to drive the demand and lead to the growth of this market.

Indoor Air Quality Monitor Market Drivers

The number of government-supported initiatives for maintaining indoor air quality is increasing which acts as a driver for the market

The increasing level of pollution in air in the form of suspended particles of chemical, physical or biological particulates has created the need for government intervention. Many governments across the globe have launched programmes for controlling the indoor air quality in the government institutions and public places. There are multiple private companies in the market with advanced technological solutions to monitor air quality with the help of real time data. However, the governments need to support in order to implement and take action to bring this pollution under control. In 2019, as per the press release by Press Information Bureau, The Central Government of India launched National Clean Air Programme (NCAP) under the Central Sector “Control of Pollution” Scheme as a long-term, time-bound, national level strategy to tackle the air pollution problem across the country in a comprehensive manner with targets to achieve 20 % to 30 % reduction in PM₁₀ and PM_2.5 concentrations by 2024. Such government-initiated monitoring programmes need a large scale of equipment including indoor air quality monitor along with the sensor and IoT based devices to collect data. Hence, the government initiatives act as a driver for the indoor air quality monitor market.

The increasing levels of pollution and its fatal effects are driving this market.

As COVID-19 pandemic led to confining people into their homes or other closed spaces, the demand to optimize air quality indoors has increased. People became more aware of the tools and technologies for providing controlled indoor air quality. The growing rate of indoor air pollution leads to health effects like irritation of the eyes, nose, and throat, headaches, dizziness, and fatigue and even respiratory diseases, heart disease, and cancer.Numerous indoor air pollutants—dust mites, mold, pet dander, environmental tobacco smoke, cockroach allergens, particulate matter, and others—are asthma triggers. The worst affected people by poor indoor air quality are children, old aged people, asthma patients and patients with other respiratory ailments. In 2020, a paper published by National Library of Medicine reported that A nationwide cross?sectional study conducted in the United States found that an increase of 1 ?g/m³ in PM_2.5 is associated with an 8% increase in the COVID?19 death rate. Such harmful effects of indoor air pollution have raised the demand for optimized air quality using the indoor air quality monitoring systems. Thus, all such factors promote and raise awareness among people leading to the growth of market.

Indoor Air Quality Monitor Market Challenges

The increasing use of renewable sources of energy which are non-polluting poses as a threat for the market.

Due to the increasing consumption of energy globally, many countries faced the issue of pollution and its harmful after effects. Thus, switching to renewable energy sources or green energy became increasing important. Renewable energy is energy from sources that are naturally replenishing and virtually inexhaustible in duration but limited Renewable resources include biomass energy (such as ethanol), hydropower, geothermal power, wind energy, and solar energy. In 2019, the International Renewable Energy Agency reported renewable energy is the most cost?effective way of providing 90 % of the required reduction in energy related carbon dioxide emissions. In 2021, European Union (EU) announced that renewable electricity could increase to 70 % of all power generation by 2030 to allow a net 55 % reduction in greenhouse gas emissions by that year and climate neutrality to be reached by 2050. Hence, as the sources of pollution will convert to green and clean sources, this shall reduce the requirement to monitor air quality. Thus, due to the government initiatives all across the globe, will lower the demand of indoor air quality monitoring system. This switch over to renewable and clean sources of energy acts as a barrier in the progress of the indoor air quality monitor market.

Indoor Air Quality Monitor Market Landscape 

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the mobile content management industry. The Indoor Air Quality Monitor top 10 companies include:

1. Airthings AS
2. Siemens AG 
3. Emerson Electric Co.
4. Thermo Fisher Scientific, Inc. 
5. 3M Company 
6.  Nest Labs Inc.
7. Zigma Global Environ Solutions
8. Quigping Ma
9. uHoo Ltd.
10. Cheergrow

Recent Developments

•  In April 2022, Delta Electronics (Thailand) PCL., announced the opening of Delta Thailand Net Zero Container Showroom at Amata City Chonburi. The Thailand government is leading the country towards a low-carbon society and hence the contribution of Delta in renewable energy and energy storage to reduce their carbon footprint and be part of a smarter grid. This will help the company to achieve its mission to provide innovative, clean and energy-efficient solutions and develop global R&D solutions that make factories smarter, buildings greener and business more integrated in Thailand and Southeast Asia.
•  In April 2022, a startup, ActiveBuildings announced that the company and Balvi Fund have signed an MoU to establish 5,000 indoor air quality monitors and 10,000 air cleaners in both Karnataka and Maharashtra. With concerns over worsening air quality in Karnataka, the tech startup has received $1 million in funding for the monitoring and filtration of air in the state as well as Maharashtra. This public-private deal shall help the company establish a significant market share in Indian market
•  In July 2020, BreezoMeter announced cooperation with Siemens Smart Infrastructure, the companies are working on a use case to determine the optimal time to refresh indoor air quality in a building based on external air quality data. The combined offering will be available at a far lower cost than developing solutions in-house. Thus, a low-cost solution in a market with costly set ups will help both the companies to make profits in this market
•  In October 2019, Emerson, a leader in the heating, ventilation and air conditioning (HVAC) controls industry and creator of highly rated smart thermostat solutions, announced that its ENERGY STAR certified Sensi™ smart thermostats are now compatible with Awair’s indoor air quality monitoring platform. This certification shall help boost the sales of this product in the market help the company in its revenue.

Relevant report titles:

Air Quality Sensor Market - Forecast(2022 - 2027)

Report Code: AIR 0341

Air Quality Monitoring Software Market -Forecast 2021 - 2026

Report Code: EPR 60004

Indoor Air Purification Market- Forecast 2022 - 2027

Report Code: CMR 73342

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