Global Indoor Air Quality Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Indoor Air Quality Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Indoor air quality is defined as the presence of ventilation, humidity, temperature, biological and chemical contaminants in a particular area of the building. IAQ meters are instruments that monitor and identify potential contaminants in the air, so remedial measures can be taken by removing them.

Market Overview:

The latest research study on the global Indoor Air Quality market finds that the global Indoor Air Quality market reached a value of USD 13515.93 million in 2022. It’s expected that the market will achieve USD 21216.92 million by 2028, exhibiting a CAGR of 7.81% during the forecast period.

Market Drivers

In recent years, due to the introduction of air-conditioning systems in modern buildings, the popularization of modern office equipment, and the improvement of building airtightness, indoor suspended particles have accumulated, harmful gases are not emitted, and the amount of carbon dioxide has increased, which has led to air-conditioning diseases and air-conditioning diseases. The emergence of various sub-health states such as Household Syndrome. Now, indoor air purification research has become one of the most concerned issues of international environmental protection. The government has also issued relevant policies to make requirements for indoor air quality standards, and is paying more and more attention to indoor air quality. Environmental awareness and government policies have played a positive role in promoting the development of the industry.

Market Challenges

With the development of industry, indoor pollutants are becoming more and more serious, and there are more and more diseases caused by indoor air. For many people, the health risks of exposure to indoor air pollution may be greater than outdoors. At present, there are more and more types of pollutants in indoor air, and there are many reasons for indoor air quality problems. There are still many situations that cannot be handled well by current equipment, and the technical requirements for related equipment are getting higher and higher.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Carrier is one of the major players operating in the Indoor Air Quality market, holding a share of 9.54% in 2021.

Carrier is a US company that mainly produces and distributes heating, ventilation, and air conditioning (HVAC) systems. Later, its business expanded to food service equipment and fire and safety technology equipment. As the leading global provider of healthy, safe and sustainable building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come.

Daikin is the world's industry leader in air conditioning. Its cutting-edge air conditioning products and services using environment-friendly technologies are widely distributed and marketed in more than 150 countries, from residential A/C to commercial A/C market. Daikin Industries, Ltd. is continually leading air conditioning history with its business strategies & technological breakthrough in the area of environment-friendly air comfort solutions. In challenging the needs of the future with new innovations using AI/IoT technologies, Daikin will continue its commitment to the growth of the business and its contribution to society.

Segmentation Overview:

Among different product types, Equipment segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Indoor Air Quality market covered in Chapter 3:

TSI Inc.
Panasonic Corp.
Kingclean
Camfil AB
3M Co.
Daikin Industries Ltd.
Aeroqual Ltd.
Veolia
Trane Technologies plc
Honeywell International , Inc
Lennox International Inc.
Unilever PLC
Trion IAQ
Carrier
Aire Serv

In Chapter 4 and Chapter 14.2, on the basis of types, the Indoor Air Quality market from 2018 to 2029 is primarily split into:

Service
Equipment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Indoor Air Quality market from 2018 to 2029 covers:

Commercial
Residential
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)