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Report: IAQ Solutions Market Set to Grow Globally

Oct. 13, 2020
Forecast sees 6% annual growth through 2024, rising with demand for smart air quality monitoring equipment.

PRESS RELEASE

LONDON (), October 5, 2020 -- The global indoor air quality solutions market size is poised to grow by USD 9.54 billion during 2020-2024, progressing at a CAGR of over 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. It also provides insight into the market impact and new opportunities created due to the COVID-19 pandemic.

The #Global Indoor Air Quality Solutions Market will grow by USD 9.54 bn during 2020-2024, according to @Technavio.

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The rising demand for smart air quality monitoring equipment is one of the key factors driving indoor air quality solutions market growth. A rise in the number of indoor pollutants across many regions has propelled the demand for indoor air quality management products in residential and commercial buildings. The growing importance of indoor air quality owing to rapid industrialization is likely to fuel the demand for indoor air quality products.

Report Highlights:

  • The major indoor air quality solutions market growth came from indoor air quality solutions equipment segment. The global indoor air quality equipment market is expected to record rapid growth during the forecast period, propelled by the high demand for smart and low-cost air monitoring sensors. Moreover, a few of the vendors are also launching smart variants of indoor air quality solutions;
  • APAC will offer several growth opportunities to market vendors during the forecast period. The rising pollution in countries such as Singapore and Malaysia, the advent of technologically advanced indoor air quality solutions, and the growing presence of global companies in the region will significantly influence indoor air quality solutions market growth in this region;
  • The global indoor air quality solutions market is fragmented. 3M Co., Aeroqual Ltd., Camfil AB, Daikin Industries Ltd., Ingersoll-Rand Plc, Lennox International Inc., Panasonic Corp., Trion IAQ, TSI Inc., and United Technologies Corp. are some of the major market participants. To help clients improve their market position, this indoor air quality solutions market forecast report provides a detailed analysis of the market leaders;
  • As the business impact of COVID-19 spreads, the global indoor air quality solutions market 2020-2024 is expected to have Negative and Inferior. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Rising Demand for Portable Air Quality Monitors will be a Key Market Trend

The rising demand for portable air quality monitors will also fuel indoor air quality solutions market growth. The development of advanced technologies has enabled the accurate monitoring of tanks, which helps in improving efficiency in deliveries. Such factors will propel the indoor air quality solutions market growth.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.  Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

About us

Technavio Resechnavio 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: [email protected] Website: www.technavio.com/