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Market Overview of Global Indoor Air Quality market:
According to our latest research, the global Indoor Air Quality market looks promising in the next 5 years. As of 2022, the global Indoor Air Quality market was estimated at USD 13515.93 million, and it's anticipated to reach USD 21216.92 million in 2028, with a CAGR of 7.81% during the forecast years.
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 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.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Indoor Air Quality market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Indoor Air Quality Market Report:
Market Size Estimates: Indoor Air Quality market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Indoor Air Quality market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Indoor Air Quality market
Segment Market Analysis: Indoor Air Quality market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Indoor Air Quality market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Indoor Air Quality Market: Revenue and sales volume of major countries in each region
Indoor Air Quality Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Indoor Air Quality market in major regions.
Indoor Air Quality Industry Value Chain: Indoor Air Quality market raw materials & suppliers, manufacturing process, distributors, downstream customers
Indoor Air Quality Industry News, Policies & Regulations
Key players in the global Indoor Air Quality market are covered in Chapter 12:
Daikin Industries Ltd.
Kingclean
Carrier
Aeroqual Ltd.
Unilever PLC
Trion IAQ
Panasonic Corp.
3M Co.
Camfil AB
TSI Inc.
Trane Technologies plc
Lennox International Inc.
Honeywell International , Inc
Aire Serv
Veolia
In Chapter 2 and Chapter 15.1, based on types, the Indoor Air Quality market from 2018 to 2028 is primarily split into:
Service
Equipment
In Chapter 3 and Chapter 15.2, based on applications, the Indoor Air Quality market from 2018 to 2028 covers:
Commercial
Residential
Industrial
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Indoor Air Quality market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028