Indoor Air Quality Monitor Market

Indoor Air Quality Monitor Market Outlook (2023 to 2033)

The global indoor air quality monitor market is expected to record a CAGR of 8.8% during the forecast period. It is anticipated to be appraised at USD 11,672.4 million by 2033, up from USD 5,006.7 million in 2023.

Governments have declared regulations regarding effective air pollution monitoring and control, which is expected to urge the adoption of indoor air quality monitors. However, high initial and maintenance costs related to installing indoor air quality monitors are likely to impede market growth.

On the contrary, products are being offered at low prices by vendors to increase the popularity of the product and expand their customer base, which is estimated to create lucrative opportunities for the market.

Report Attribute	Details
Indoor Air Quality Monitor Market Value (2023)	USD 5,006.7 million
Indoor Air Quality Monitor Market Anticipated Value (2033)	USD 11,672.4 million
Indoor Air Quality Monitor Projected Growth Rate (2033)	8.8%

The sales of indoor air quality monitors are estimated to increase because of the potential of monitors to demonstrate real-time data of particulate matter particles. Hence, companies such as Boston Properties and Carr Properties are now investing in indoor air quality monitors as they show particles as small as 0.3 microns. Moreover, portable air quality monitors are a key trend in the market that is rising in demand.

People can experience ailments, from headaches and dizziness to severe asphyxia and convulsions, due to prolonged exposure to carbon dioxide (CO2) in the air. Studies have shown that carbon dioxide affects cognitive performance, reducing people's decision-making ability across many metrics. This factor is expected to influence manufacturers to create innovative indoor air quality monitor market trends.

The Popularity of Smart Homes Surging Demand for Indoor Air Quality Monitors

Particles and contaminants are constantly mixed in with the indoor air, which may affect the overall air quality. These include mold, viruses, bacteria, allergens, and sometimes lint. These require an indoor air quality monitor to detect when thorough cleaning is required indoors.

Smart homes are growing in popularity, along with the concept of ambient assisted living. This is because chemicals such as formaldehyde and particulate matter in the air can lead to lung cancer, systematic hypertension, etc., in people inhaling this air.

A common cause of indoor pollution in residential spaces is fumes from stoves and other fuel-burning combustion appliances, tobacco products, building materials and furnishings, products for cleaning and maintenance, etc. Moreover, high temperatures and moisture from extreme humidity can develop mold growth and enable viruses to linger in the air. These factors are expected to propel the demand for indoor air quality monitors.

It is nearly impossible to prevent the sources of indoor air pollution as these contaminants originate from daily, regular activities. Hence, deploying indoor air quality monitors is crucial as it informs the consumer when harmful air contaminants have reached unsafe levels in certain building areas and require urgent ventilation or cleaning.

Deployment of Renewable Energy Sources and other Challenging Factors and Future Scopes of IAQ

The increasing consumption of energy globally surges the issue of pollution and its harmful aftereffects. Hence, people are switching to deploying renewable or green energy, which has become vital. These naturally replenishing renewable energy sources, such as biomass and hydropower, are preferred over indoor air quality monitors, which is expected to hinder the global indoor air quality monitor market growth.

Conversely, businesses are investing in air quality devices that can monitor indoor air quality across a wide range of important parameters to address pressing air quality concerns, such as the inability to manage their HVAC systems by temperature. Moreover, vendors are offering advanced technologies with accurate monitoring capabilities, which aids in enhancing delivery efficiency.

Indoor Air Quality Monitor Market Regional Overview

The Growth of the Market in North America Attributed to the Adoption of Advanced Technology

North America, with a global share of 25.6%, is dominating the indoor air quality market. This is attributed to rising public-private funding and increasing adoption of new advanced indoor air quality monitoring technologies.

There have been ongoing technological advancements in particulate sensors and gas analyzers. Furthermore, investments in promoting indoor air pollution monitoring, as well as the presence of supportive government regulations, are expected to drive global market growth.

Rising Air Pollution in the Asia Pacific Region Provides Foundation for Market Growth

The Asia Pacific region is set to witness significant growth in the indoor air quality monitor market in the forecast period. The increasing population, and eventually the rapid urbanization and industrial advancement, exposes several regions in the Asia Pacific to increased pollution and raises health concerns associated with poor air quality index not just in an external environment but also in an indoor location. This builds the foundation for the region's indoor air quality monitor market.

With technological advancements in sensor technology, data analytics, and IoT devices, countries in the region can easily access the benefits of indoor air quality monitor technology. Therefore, India is expected to progress at a CAGR of 13.2% by 2033 and China at 10.1%.

Start-up Companies Advocating for the Indoor Air Quality Monitor Market

Various respiratory illnesses can arise from the prolonged inhalation of fine dust, mold, viruses, or harmful emissions from household appliances. These issues need to be curbed. Hence, start-up companies are adopting smart technologies to promote the sales of indoor air quality monitors.

• Room- A mobile app helps users explore, analyze, and compare a city's air quality. It uses sensor-based technologies to capture air quality from various pockets in the city. The devices are equipped with GPRS, Wi-Fi, and Bluetooth and are connected to the cloud. The company provides multiple products - Polludron, a solar-powered outdoor air quality monitor, Breath-i Pro, an indoor air quality monitor, Breath-i Pocket, a personal air quality device, and products for industrial air quality monitoring. Its product transmits the data using the available network to Oizom-Cloud Servers, where the data is analyzed and served as a user-friendly infographic on the mobile application in real-time.
• RUBIX Senses & Instrumentation - It provides an Internet of Things-based solution for environmental monitoring of both indoor and outdoor locations. The product line includes Watch Tower 1, Rubix POD, and Rubix Home. Watch Tower 1 measure parameters such as odor, air quality, pollutant gases (H2S, NH3, VOC, etc.), and noise. Rubix POD monitors humidity, temperature, light, noise, and air quality. It is ideal for hotel rooms, shopping malls, department stores, subways, airports, and restaurants.
• Sunscreen- It provides indoor air quality monitoring solutions for enterprises. It is a battery-powered sensors (SensNODE) and transmits the real-time data to the cloud (SensCLOUD). Therefore makes the prediction and analysis of data and displays the result on the mobile app. It uses reinforced learning algorithms to make predictions. It provides solutions for shopping malls, hospitality businesses, education, and workspaces.
• Nova - It provides an Internet of Things-enabled solution for monitoring indoor workplace pollution. The solution consists of a sensor that monitors up to 26 environmental parameters such as methane, carbon monoxide, smoke, particulate matter, noise pollution, humidity, temperature, ionizing radiation, water quality, etc. The sensor collects data in real-time and sends it to the cloud.
• Plume Labs - It is an air pollution data collection and analysis company. It develops a small portable air quality sensor called Flow, which it sells to consumers to help them understand the pollution levels at various places (home, workplace, etc.). The data collected from all the Flow sensors in a specific area/city is also incorporated into weather maps sold to governments, businesses, and researchers/planners.
• Whitelabel - It is a provider of connected air quality monitors. It develops a smart sensor that monitors the air quality for allergens like dust mites, pollen, mold, and pet danger to help users identify sources of allergies and asthma indoors. It can also monitor environmental parameters and detect harmful gases and irritants.

Top 5 Market Players of the Indoor Air Quality Monitor Market to Look Out For

The indoor air quality monitor market share is highly competitive for many participants. Mergers and acquisitions are likely to aid in market growth and provide significant opportunities for the market players to obtain profit. The growing awareness about the importance of purifying our air is anticipated to accelerate product sales.

Key Market Participants of The Indoor Air Quality Monitor Market:

• Siemens AG is a German multinational conglomerate corporation and the leading industrial manufacturing company in Europe. The corporation is a prominent maker of medical diagnostics equipment, and its medical healthcare division, which generates about 12 percent of the corporation's total sales, is its second-most profitable unit after the industrial automation division. The corporation is a component of the Euro Stoxx 50 stock market index.
• Emerson Electric Co. - It is an American multinational corporation headquartered in Ferguson, Missouri. The Fortune 500 company manufactures products and provides engineering services for industrial, commercial, and consumer markets. Emerson has around 86,700 employees and 170 manufacturing locations.
• Thermo Fisher Scientific Inc. is an American supplier of scientific instrumentation, reagents and consumables, and software services. Based in Waltham, Massachusetts, Thermo Fisher was formed through the merger of Thermo Electron and Fisher Scientific in 2006.
• Google Nest Labs Inc. is a line of smart home products, including smart speakers, displays, streaming devices, thermostats, smoke detectors, routers and security systems, smart doorbells, cameras, and smart locks.
• 3M - It is an American multinational conglomerate operating in the industry, worker safety, United States health care, and consumer goods. The company produces over 60,000 products under several brands, including adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental and orthodontic products, healthcare software, and optical films.

Other Market Players in the Indoor Air Quality Monitor Market

• Aeroqual Ltd.
• TSI Inc.
• Ingersoll Rand Plc.
• Panasonic Corp.
• Daikin North America LLC
• Trane Technologies plc
• Lennox International Inc.
• Zigma Global Environ Solutions
• Teledyne Technologies Inc.
• Horiba Ltd.

Recent Developments in the Market:

• In April 2022, Delta Electronics (Thailand) PCL announced the opening of the Delta Thailand Net Zero Container Showroom at Amata City Chonburi. The Thailand government is leading the country towards a low-carbon society, hence the contribution of Delta in renewable energy and energy storage to reduce their carbon footprint and be part of a smarter grid. This may help the company to achieve its mission to provide innovative, clean, and energy-efficient solutions and develop global R&D solutions that make factories smarter, buildings greener, and businesses more integrated in Thailand and Southeast Asia.
• In April 2022, a start-up, ActiveBuildings, announced that the company and Balvi Fund signed an MoU to establish 5,000 indoor air quality monitors and 10,000 air cleaners in Karnataka and Maharashtra. With concerns over worsening air quality in Karnataka, the tech startup has received USD 1 million in funding for the monitoring and filtration of air in the state as well as Maharashtra. This public-private deal shall help the company establish a significant market share in the Indian market.
• In July 2020, BreezoMeter announced cooperation with Siemens Smart Infrastructure, the companies are working on a use case to determine the optimal time to refresh indoor air quality in a building based on external air quality data. The combined offering can be available at a far lower cost than developing solutions in-house. Thus, a low-cost solution in a market with costly set-ups can help both companies make profits.
• In October 2019, Emerson, a leader in the heating, ventilation, and air conditioning (HVAC) controlled industry, created highly rated smart thermostat solutions. The company announced that its ENERGY STAR-certified Sensi Smart thermostats are now compatible with Awair's indoor air quality monitoring platform. This certification shall help boost the sales of this product in the market and help the company with its revenue.
• In February 2023, TSI Incorporated, a global manufacturer of filter testing equipment, launched its product, the Production Line Stimulator (PLS) 8150-PLS. The PLS Improves the functionality of TSI's Automated Filter Tester 8150 by adding several key features to it and making it an efficient solution for operation outside of a production line environment.
• In May 2023, 3M, a global team that works on the motto of applying science to life, announced a joint venture with Savante, a fast-growing manufacturer of solid sorbent-based filters. This partnership is in view to develop Direct Air Capture (DAC) products for the carbon dioxide removal (CDR) industry to trap carbon dioxide found in the atmosphere and permanently remove it.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 8.8% from 2023 to 2033
Base year for estimation	2022
Historical data	2018 to 2022
Forecast period	2023 to 2033
Quantitative units	Revenue in USD million and CAGR from 2023 to 2033
Report Coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors and trends, Pricing Analysis,
Segments Covered	Product Type, Pollutant Type, End User, and Region
Regional scope	North America, Western Europe, Eastern Europe, the Middle East and Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand
Country scope	United States, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa
Key companies profiled	Siemens AG, Emerson Electric Co., Thermo Fisher Scientific Inc., Google Nest Labs Inc., 3M, Aeroqual Ltd., TSI Inc., Ingersoll Rand plc, Panasonic Corp., Daikin North America LLC, Trane Technologies plc, Lennox International Inc., Zigma Global Environ Solutions, Teledyne Technologies Inc., Horiba Ltd., etc.
Customization scope	Free report customization (equivalent to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.

Key Segments Profiled in the Market

By Product Type:

• Fixed
• Portable

By Pollutant Type:

• Chemical
• Physical
• Biological

By End User:

• Government Buildings
• Industrial
• Commercial Buildings
• Residential

By Region:

• North America
• Latin America
• Asia Pacific
• The Middle East and Africa
• Europe

Frequently Asked Questions

How Large is the Indoor Air Quality Monitor Market?

The market size is around USD 5,006.7 million in 2023.

Which Factor is Bolstering the Sales of Indoor Air Quality Monitors?

Popularity of smart homes is catapulting the sales of indoor air quality monitors.

Which Region Holds the Chief Market Position?

North America holds top position in the market.

Which Country is Expected to Expand Vigorously?

India is expected to expand at a robust pace of 13.2% CAGR.

Which Companies are Active in the Market?

Aeroqual Ltd., TSI Inc., and Ingersoll Rand Plc. are actively participating in the global market.