Indoor Air Quality Monitor Market to be Valued USD 5340.06 Million by 2025
Deteriorating
indoor air quality index is expected to drive the growth of global indoor air
quality monitor market
According to
TechSci Research report, “Global Indoor
Air Quality Monitor Market By Product (Fixed Indoor
Monitors and Portable Indoor Monitors), By Pollutant Type (Chemical, Physical
and Biological), By Application (Government Buildings, Industrial, Private
Establishments, Commercial, Residential and Others), By Region, Competition,
Forecast & Opportunities, 2025”, global indoor air
quality monitor market is forecast to grow at rate of over 8% to reach USD
5340.06 Million by 2025. Growth in the market can be attributed to increasing
instances of respiratory diseases caused by various air pollutants and
chemicals in the environment Rising
exposure to airborne pollutants and irritants is anticipated to increase the
risk of airborne diseases. Indoor air quality monitors the quality of air and
thereby indicates the users about the
alarming level of air which can be hazardous for users. Thus, demand for indoor
air quality monitors across the globe is expected to register strong growth
during the forecast period.
Globally,
level of air pollution is increasing at a robust scale, owing to rapid
industrialization, growing car sales and increasing construction activities,
especially in developing economies. Pollution contaminates the air and
increases the risk of various types of diseases. According to the European
Commission, indoor and outdoor pollution is a major environmental health
concern and may lead to serious health problems in the coming years. Moreover,
indoor air can be up to 100 times more polluted than outdoor air. Such rising
concerns are encouraging an increasing number of consumers to buy indoor air
quality monitors.
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The
global indoor air quality monitor market is segmented based on product,
pollutant type, application, company and region. In terms of pollutant type,
market can be segregated into chemical, physical and biological. Out of these,
chemical segment registered market share of56% in 2019 due to stringent government
regulations for monitoring and control of industrial exhausts.
In terms of regional analysis, Asia-Pacific
is the fastest growing region among the global indoor air quality monitoring market
and the region is anticipated to maintain its growth rate over the next five
years as well. During 2020E-2025F, Asia-Pacific indoor air quality monitor
market is projected to grow at a CAGR of 10.85%, in value terms.
Major Asian countries such as India and
China are registering high pollution levels amid rising industrialization.
Consequently, the region is witnessing increase in the number of indoor air
quality monitor installations in hospitals, schools and corporate sector.
Furthermore, indoor air quality monitors are increasingly being adopted in the
industrial sector in the region, on account of increasing concerns regarding
the harmful effects of depleting indoor air quality.
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“Online sales
channel is the emerging distribution channel in the indoor air quality monitor
market. The advent of online channel has allowed consumers to easily surf
through catalogues without doing the rounds of stores thus making shopping
extremely convenient. Moreover, owing to rising digital and social media
penetration, combined with rising penetration of smartphones have led to
increasing awareness and aspirations for latest trends in the product offerings.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Indoor Air
Quality Monitor Market By Product (Fixed Indoor
Monitors and Portable Indoor Monitors), By Pollutant Type (Chemical, Physical
and Biological), By Application (Government Buildings, Industrial, Private
Establishments, Commercial, Residential and Others), By Region, Competition,
Forecast & Opportunities, 2025” has evaluated the future growth potential of indoor
air quality monitors in Global and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in Global indoor air quality monitors
market.
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