Indoor air quality is used to measure the parameter of air quality and level of pollutants in indoor as well as outdoor environments. Air impurities contain pollutants for instance volatile organic compounds, particulate matter, carbon monoxide, sulfur dioxide, and nitrous oxide. It also identifies an airborne bacterium, which is created from the pollutants that are present outside and protect from affecting serious health issue. It has been observed that a rising number of industrial hygienists have installed various air quality monitors for healthy nature is projected to flourish the Indoor air quality in the future. Manufacturers of indoor air quality are growing their businesses in Asia-Pacific countries because this region is focused on green building technologies and smart homes.
As per analysis, “Indoor Air Quality Market: Segmented By Sampling Method Type (Continuous, Passive, Intermittent, Manual, and Stack Sampling); by Application (Pharmaceutical Industry, Government Agencies & Academic Institutes, Commercial and Residential Users, Petrochemical Industry, Power Generation Plants, Smart City Authority, and Others) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” the key companies operating in the global indoor air quality market include Gree Electric Appliances Inc., Carrier Global Corp., Mann+Hummel, General Filters Inc., Camfil, Honeywell International Inc., LG Electronics Inc., Johnson Controls International Plc, Aprilaire, Daikin Industries Ltd., Lennox International Inc., Munters Ab and among others.
Based on the sampling method, the indoor air quality market is segmented as manual, continuous & passive, intermittent and stack sampling. In addition, based on application, the market is segmented as petrochemical industry, commercial & residential users, pharmaceutical industries, smart city authority, government agencies & academic institutes, power generation plants, and others. Government agencies & academic institutes segment is expected to witness a higher growth rate due to, increased government investment in efficacious Ambient Air Quality Monitoring (AQM), strict environmental regulation, and enhanced installation of AQM stations around the world during the forecast period.
The indoor air quality market is driven by rise in Use of Indoor Air Quality at Residential and Commercial Purposes., followed by a diversified product portfolio range. However, lack of awareness in the developing economies and high cost associated with indoor air quality products may impact the market. Additionally, rise in funding at research & development (R&D) for effective air pollution monitoring and increase in public awareness related to air pollution & its effect on the health & environment are leading opportunities for the market. Moreover, value addition to a class of customer preferences and continuous advancement in wireless communication technologies are key trends for the market. Furthermore, Skilled Professional Required for Installations and Maintenance of Air Quality Devices is a major challenge for the global market.
Based on geography, the Asia-Pacific region dominates the global indoor air quality market owing to constant government support to develop & market sophisticated AQM products coupled with huge scale industrializations in the developing APAC countries. The North America and Europe regions are estimated to witness higher growth rate due to rise in number of guidelines from the regulatory bodies over the forecast period. It is predicted that future of the global indoor air quality market will be bright as a result of the increase in the construction of green buildings during the forecast period.
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Global Indoor Air Quality Market Growth Rate
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