The potential growth difference for the indoor air quality meters market between 2020 and 2025 is USD 1.60 billion, as per the latest report from Technavio. The report also identifies the market to grow at an accelerating growth momentum of 8.22%. This report also further offers a comprehensive analysis of drivers, challenges, and trends influencing the market growth positively and adversely during the forecast period.
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Key Market Dynamics:
The increased health concerns are notably driving the indoor air quality meters market growth. Poor indoor air quality has various chronics issues including chronic respiratory diseases, lung cancer, and strokes. Such health problems have become more common in the emerging economies targetting 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, which, in turn, has resulted in the growth of indoor air quality meters market size during the forecast period. In addition, increasing number of government regulations and projects coupled with growing environmental pollution will further accelerate the market growth during the forecast period.
The lack of awareness regarding indoor air pollution will hamper the indoor air quality meters market growth during the forecast period. Vendors in the global indoor air quality meters market need to spread awareness among the public and take effective measures regarding the hazards of indoor air pollution. In addition, individuals in the emerging economies are unaware of the harmful effects of poor indoor air quality. This can further lead to a hindrance to the market growth. Furthermore, factors such as high competition and lack of universal regulations on indoor air quality are expected to limit the market growth during the forecast period.
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The indoor air quality meters market report is segmented by product (fixed and portable) and geography (North America, Europe, APAC, South America, and MEA). The fixed indoor air quality meters market segment led the market share in 2020 and will continue to lead the market share during the forecast period. Vendors in the market are offering products to cater to the evolving demands of the consumers.
In terms of geography, APAC will contribute 31% of the market's growth during the forecast period. 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. Countries such as China, Australia, Singapore, and Malaysia are some of the major contributors to the indoor air quality meters market in APAC. The advent of technologically advanced indoor air quality solutions and the growing presence of global companies in the region are some of the other factors that are expected to drive the growth of the market in APAC.
View our sample report for additional insights into the contribution of all the segments and regional opportunities
Some Companies Mentioned
- 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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Smart Air Purifier Market by Product, Technology, 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 over 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 |
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 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. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Product
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
SOURCE Technavio
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