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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