Indoor Air Quality Meter Market, By Type (Portable, and Stationary), By Application (Industrial, Commercial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI251219 | Publish Date: May 2024 | No. of Pages: 180

Global Indoor Air Quality Meter Overview

Indoor Air Quality Meter Market was valued at US$ 5.4 billion in 2024 and is projected to grow at a CAGR of 9.0% to reach US$ 11.9 billion by 2034.

Indoor air quality meters are systems or equipment intended to monitor and control indoor air quality in buildings and enclosed areas. They monitor several variables, including temperature, humidity, ventilation, and pollution levels, to guarantee a safe and healthy interior environment. These monitors are essential to detect and reduce any health risks associated with indoor air, such as allergies, particulate matter, volatile organic compounds (VOCs), carbon dioxide (CO2), and other pollutants. Concerns over air pollution and its effects on human health have led to a rise in the indoor air quality meter market. 

The need for efficient monitoring systems is rising as people become more conscious of the adverse health effects of air pollution, fueling the expansion of the worldwide indoor air quality meter market. Implementing strict regulatory guidelines and requirements for indoor air quality in various industries contributes to the market's development. Additionally, the market is growing due to the increasing use of connected and smart indoor air quality monitoring systems and the rise in construction activity.

However, the high upfront expenditures of sophisticated monitoring systems and the low level of consumer knowledge regarding the advantages of air quality monitoring are obstacles to market expansion. The expanding commercial sector, strict regulations, growing awareness of indoor air pollution, and technological improvements are driving the market expansion.

Introduction - Indoor Air Quality Meter Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Indoor Air Quality Meter Dynamics

Indoor Air Quality Meter Market Key Drivers:

Rising indoor air pollution

  • Indoor air quality in homes and apartments could be better. The continuous mixing of pollutants and particulates, including germs, viruses, mold, allergies, and even lint, can impact indoor air quality. To determine whether thorough cleaning is necessary, an indoor air quality meter is required.
  • Fumes from stoves and other fuel-burning equipment, tobacco products, building supplies and furniture, cleaning and maintenance goods, etc., are frequently responsible for indoor pollution in residential areas.
  • In addition, excessive humidity and high temperatures can promote mold formation and allow viruses to stay in the air. Therefore, installing indoor air quality meters is essential because it alerts the user when dangerous air pollutants have accumulated to dangerously high levels in certain building sections and need immediate ventilation or cleaning.

Technological advancements

  • The market offers various indoor air quality monitoring choices, from integrated systems for complete building management to standalone devices for specific rooms. The indoor air quality meter market is driven by Internet-of-Things (IoT) technologies in smart buildings.
  • The increasing requirement for remote monitoring capabilities and real-time data drives this trend. IoT-enabled sensors may collect and send indoor air quality data to cloud platforms for processing and display. This allows users to monitor indoor air quality levels remotely, identify any issues, and take prompt action to resolve them.
  • By utilizing building automation systems and smart building integration, indoor air quality monitoring systems can adjust ventilation, air conditioning, and other environmental controls to maintain air quality within preset limits. Integrating real-time indoor air quality data maximizes heating, ventilation, and air conditioning (HVAC) operations, hence enhancing occupant comfort and energy efficiency. These kinds of advancements are propelling the target market's expansion.

Indoor Air Quality Meter Market Restrains:

High initial cost

  • One significant barrier to the market may be the high cost of buying and installing indoor air quality meters. The systems are more expensive since they have sophisticated sensors, data analytics tools, and, occasionally, real-time reporting functions. This poses significant challenges for low-income consumers, educational institutions, and small company owners with limited funds.
  • The cost of acquiring, installing, and maintaining an air quality meter includes the extra expenses associated with sensor calibration and maintenance. As a result, it necessitates substantial funding and careful supervision, which seriously hinders the market expansion for indoor air quality meters.

Global Indoor Air Quality Meter Segmentation

Indoor Air Quality Meter Market is segmented based on Type, Application and region:

Type Insights:

  • Portable:

The lightweight and portable nature of portable indoor air quality meters makes them suitable for carrying anywhere. These portable meters offer real-time data on several air quality parameters, including temperature, humidity, carbon dioxide, suspended particle matter (SPM), and many other contaminants. Environmentalists, inspectors, police, and civilians typically carry these user-friendly gadgets to monitor the precise air quality in various locations, such as homes, workplaces, and industrial facilities.

  • Stationary:

Stationary or wall-mounted indoor air quality meters are intended to work with a wide range of gas sensor heads, with some versions capable of detecting several pollutants. Since each sensor head only detects one form of gaseous pollution, the sensors may be swapped to measure multiple gas pollutants.

Among the segments mentioned above, the stationary segment dominated the market due to the growing industrial use of fixed ambient air pollution monitoring systems, expanding end-use applications across multiple global locations, and growing awareness of the potential health risks associated with air pollution.

Application Insights:

  • Industrial:

Indoor Air Quality Meters are used in industries to track and control air pollution caused by various industrial operations. To reduce the chance of exposure to hazardous gasses, these meters are calibrated per industry standards.

  • Commercial:

Indoor air quality meters are utilized in commercial settings like workplaces, shops, hotels, medical facilities, and educational institutions. They guarantee everyone's comfort and well-being in the business environment.

  • Others:

Indoor air quality meters are employed in government offices, theaters, labs, and residential complexes, among other places. These scenarios are presented for risk management, quality assurance, and compliance monitoring.

Regional Insights:

Indoor Air Quality Meter Market Regional Insights

  • The North American market is estimated to witness a significantly high revenue share over the forecast period because the region supports government regulations, investments in promoting indoor air pollution monitoring, and the growing adoption of new, advanced indoor air quality monitoring technologies.
  • Asia Pacific market is estimated to witness largest revenue share because of the region's growing population, fast urbanization, and industrial development, all of which contribute to the decline in the region's air quality index.
  • The European market offers lucrative opportunities because of the existence of prominent industry players, government efforts promoting green building, strict regulatory frameworks, and a rise in demand for smart care products.
  • Latin America's market is increasing gradually due to urbanization, tighter regulations, and more health consciousness. Additionally, adopting efficient indoor air quality solutions and creating favorable circumstances for manufacturers to develop in the region.
  • Middle East & Africa market is an emerging market due to growing public health consciousness, growing understanding of sustainable living, and regional government programs to support better indoor environments.

Report Scope:

Attribute

Details

Market Size 2024

US$ 5.4 billion

Projected Market Size 2034

US$ 11.9 billion

CAGR Growth Rate

9.0%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Portable, and Stationary.

By Application - Industrial, Commercial, and Others. 

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Indoor Air Quality Meter Market report based on Type, Application and region:

Indoor Air Quality Meter Market, By Type:

  • Portable
  • Stationary

Indoor Air Quality Meter Market, By Application:

  • Industrial
  • Commercial
  • Others

Indoor Air Quality Meter Market, By Region:

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

Global Indoor Air Quality Meter Key Players

The key players operating the Indoor Air Quality Meter Market include TSI Incorporated, 3M Co., Aeroqual Ltd., Thermo Fisher Scientific, Camfil AB, Carrier Ltd., Cerex Monitoring Solutions, Honeywell International Inc., Lennox International Inc., PPM SAS, and Teledyne Technology Incorporated.

Key Players - Indoor Air Quality Meter Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Indoor Air Quality Meter Key Issues Addressed

  • In April 2022, Balvi Fund invested $1 million in a start-up called ActiveBuildings to develop and install indoor air quality monitors and air cleaners across Maharashtra and Karnataka. The agreement calls for ActiveBuildings to install 10,000 air cleaners and 5,000 indoor air quality monitors over the next year, aiming to control indoor air pollution and gather real-time data on indoor air quality.

Global Indoor Air Quality Meter Company Profile

  • TSI Incorporated*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • 3M Co.
  • Aeroqual Ltd.
  • Thermo Fisher Scientific
  • Camfil AB
  • Carrier Ltd.
  • Cerex Monitoring Solutions
  • Honeywell International Inc.
  • Lennox International Inc.
  • PPM SAS
  • Teledyne Technology Incorporated

"*" marked represents similar segmentation in other categories in the respective section.

Global Indoor Air Quality Meter Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Type
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Market Segmentation, By Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Portable
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Stationary
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Industrial
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Commercial
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America

 

  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • TSI Incorporated
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • 3M Co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Aeroqual Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Thermo Fisher Scientific
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Camfil AB
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Carrier Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Cerex Monitoring Solutions
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell International Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lennox International Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • PPM SAS
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Teledyne Technology Incorporated
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The Indoor Air Quality Meter Market is segmented into Type, Application, and Region.

Factors include growing awareness of air quality health impacts, increasing pollution concerns, and advancements in sensor technologies, driving global growth in indoor air quality meters.

Challenges include affordability issues for advanced meters, potential calibration and accuracy concerns, and limited regulations, posing restraints on the global market.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the target market includes, TSI Incorporated, 3M Co., Aeroqual Ltd., Thermo Fisher Scientific, Camfil AB, Carrier Ltd., Cerex Monitoring Solutions, Honeywell International Inc., Lennox International Inc., PPM SAS, and Teledyne Technology Incorporated.