NEW
YORK, Jan. 24, 2025 /PRNewswire/ -- Report on
how AI is redefining market landscape - The global indoor air
quality (IAQ) solution market size is estimated to grow by
USD 13.9 billion from 2025-2029,
according to Technavio. The market is estimated to grow at a CAGR
of 6.9% during the forecast period. New air quality product
launches is driving market growth, with a trend
towards technological advances in indoor air quality
solutions. However, high competition among market vendors
poses a challenge. Key market players include 3M Co., Aeroqual Ltd., Camfil AB, Carrier Global
Corp., ClimateCare, Daikin Industries Ltd., Ferguson plc, Germguard
Technologies M Sdn. Bhd., Honeywell International Inc., Johnson
Controls International Plc, Lennox International Inc., LG Corp.,
MANN HUMMEL International GmbH and Co. KG, Panasonic Holdings
Corp., Perfect Pollucon Services, Sensirion AG, SGS SA, Spectro
Analytical Labs Pvt. Ltd., Trane Technologies Plc, and UL Solutions
Inc..
Key insights into market evolution with
AI-powered analysis. Explore trends, segmentation, and growth
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Indoor Air Quality
(IAQ) Solution Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2024
|
Historic
period
|
2019 - 2023
|
Forecast
period
|
2025-2029
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.9%
|
Market growth
2025-2029
|
USD 13.9
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
6.3
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
38%
|
Key
countries
|
US, China, UK, Japan,
Brazil, Germany, South Korea, Canada, Saudi Arabia, and
France
|
Key companies
profiled
|
3M Co., Aeroqual Ltd.,
Camfil AB, Carrier Global Corp., ClimateCare, Daikin Industries
Ltd., Ferguson plc, Germguard Technologies M Sdn. Bhd., Honeywell
International Inc., Johnson Controls International Plc, Lennox
International Inc., LG Corp., MANN HUMMEL International GmbH and
Co. KG, Panasonic Holdings Corp., Perfect Pollucon Services,
Sensirion AG, SGS SA, Spectro Analytical Labs Pvt. Ltd., Trane
Technologies Plc, and UL Solutions Inc.
|
Market Driver
Indoor Air Quality (IAQ) solutions have gained significant
attention in various sectors due to growing concerns over indoor
pollution. HVAC systems with HEPA filters and IAQ management
systems are popular solutions. Building automation and LEED, WELL
Building Standards, and IAQM are driving demand. Air pollution
monitoring tools like indoor monitors, portable monitors, and
sensors measure pollutant types such as chemical, physical, and
biological pollutants. Public-private funding and government
initiatives are boosting the market. IAQ solutions include air
purifiers, humidifiers, ventilation systems, air filters,
dehumidifiers, UV lamps, carbon monoxide alarms, and more.
Applications span from government buildings and industrial
establishments to commercial and residential buildings. Air quality
regulations drive demand in sectors like oil and gas, coal and
mining, power and energy, general manufacturing, schools and
universities, hospitality, retail, office buildings, hotels and
restaurants, and long-term care communities. New equipment,
service, and maintenance are key areas for growth.
Indoor air quality (IAQ) has emerged as a significant concern
due to the increasing time spent indoors and rising indoor
pollution levels, which are now double that of outdoor air.
According to recent statistics, approximately 90% of the global
population spends most of their time indoors. This trend is driving
the demand for IAQ solutions in various industries, including
homes, schools, offices, and factories. Advancements in technology,
such as IoT-based monitoring systems and cyber-physical systems for
real-time IAQ monitoring, along with advanced sensor networks, are
promoting the installation of IAQ systems across applications.
Furthermore, the manufacturing industry and power plants are
adopting Industry 4.0-related IAQ solutions to prioritize employee
health. Additionally, there is a growing demand for portable IAQ
monitors in the market as people seek to monitor and maintain
healthy indoor environments in their homes and workplaces. These
devices provide real-time data on air quality, enabling users to
take necessary actions to improve IAQ and protect their health.
Overall, the IAQ solution market is poised for significant growth
in the coming years.
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Market Challenges
- Indoor Air Quality (IAQ) is a significant concern for various
establishments, including government buildings, industrial sites,
commercial spaces, and residential buildings. HVAC systems, a
common source of IAQ issues, require regular maintenance and
upgrades to HEPA filters and IAQ management systems. Building
automation and LEED, WELL Building Standards, and IAQM
certification can help improve IAQ. Indoor monitors, including
portable ones, are essential tools for detecting pollutants like
chemical, physical, and biological pollutants. Public-private
funding and government regulations are driving the market for IAQ
solutions, including air purifiers, humidifiers, ventilation
systems, air filters, dehumidifiers, and UV lamps. Air quality
sensors, PM measurement, and CO alarms are also crucial components.
The market for IAQ solutions is vast and diverse, encompassing
sectors like oil and gas, coal and mining, power and energy,
general manufacturing, schools and universities, hospitality,
retail, office buildings, hotels and restaurants, long-term care
communities, and residential spaces like private homes and
apartments. New equipment, service, and maintenance are ongoing
needs for this market.
- The Indoor Air Quality (IAQ) solution market faces intense
competition due to the presence of numerous regional and
international vendors. This fragmented vendor landscape poses
challenges for global players looking to maintain their market
position. Local vendors offer affordable indoor air quality
solutions and equipment, including air filters, air purifiers, and
humidifiers, forcing global vendors to match their pricing. This
competition negatively impacts the market growth for indoor air
quality solutions, equipment, and services.
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Segment Overview
This indoor air quality (IAQ) solution market report extensively
covers market segmentation by
- Product
- 1.1 Equipment
- 1.2 Services
- Type
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
- Pollutant Type
1.1 Equipment- Indoor air quality (IAQ) is a
critical factor influencing the health and well-being of people. To
maintain optimal IAQ levels, it's essential to regularly test
indoor environments for allergens, radon, CO2 emissions, and
volatile organic compounds (VOCs) from electronic devices. Indoor
air quality solutions encompass air monitor sensors, air purifiers,
and humidifiers. The global IAQ solution market by equipment is
poised for significant growth due to the increasing demand for
smart and cost-effective air monitoring sensors. Vendors focus on
providing equipment that eliminates maximum contaminants, such as
Honeywell's new range of air purifiers with UV LED, ionizer, and
humidifier functionalities. Indoor pollution sources include
asbestos, biological pollutants, air fresheners,
formaldehyde/pressed wood products, and CO emissions. To address
this, establishments should invest in air pollution monitoring kits
and other equipment. Companies like Carrier Global Corp. And TSI
offer a range of air quality monitoring equipment and solutions,
ensuring complete air quality management. Carrier's offerings
include air purifiers, humidifiers, dehumidifiers, and ventilators,
along with CO alarms and UV air purifiers. TSI's precision air
quality instruments enable real-time air quality measurements, such
as the DustTrak aerosol monitors providing PM measurements and
temperature data logs. The availability of innovative indoor air
quality equipment continues to fuel market growth in the equipment
segment.
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Research Analysis
Indoor Air Quality (IAQ) solutions refer to technologies and
systems designed to improve the air quality within and around
buildings. These solutions address various pollutants, including
Volatile Organic Compounds (VOCs), Chemical, Physical, and
Biological pollutants. HVAC systems, HEPA filters, UVGI, IAQ
management systems, building automation, and LEED, WELL Building
Standards, and IAQM are integral to maintaining good IAQ. Air
pollution monitoring tools like portable indoor monitors help
detect pollutant types, such as VOCs, PM, and CO. Public-private
funding and air quality regulations drive the market's growth.
Solutions include air purifiers, humidifiers, ventilation systems,
air filters, dehumidifiers, ultraviolet (UV) lamps, carbon monoxide
alarms, and ozone generators. IAQ is crucial for maintaining a
healthy indoor environment and reducing health risks.
Market Research Overview
Indoor Air Quality (IAQ) solutions encompass a range of
technologies and systems designed to improve and maintain healthy
indoor environments. HVAC systems, including HEPA filters, play a
crucial role in circulating and filtering air. IAQ management
systems and building automation optimize temperature, humidity, and
ventilation for optimal IAQ. LEED and WELL Building Standards set
guidelines for IAQ, while IAQM monitors and assesses indoor air
quality. Air pollution monitoring tools, including indoor monitors
and portable monitors, detect pollutant types such as chemical,
physical, and biological pollutants. Public-private funding and
government regulations drive the market for IAQ solutions in
various sectors, including government buildings, industrial
establishments, commercial establishments, residential buildings,
and others. Air purifiers, humidifiers, ventilation systems, air
filters, dehumidifiers, UV lamps, carbon monoxide alarms, and new
equipment are among the solutions available for residential and
commercial applications. Air quality sensors measure Particulate
Matter (PM) levels, while Ozone generators and air quality
regulations ensure compliance with safety standards. Industries
such as oil and gas, coal and mining, chemical, power and energy,
general manufacturing, schools and universities, hospitality,
retail, office buildings, hotels and restaurants, and long-term
care communities all benefit from IAQ solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Type
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
- Pollutant Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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