The Indoor Air Quality Meters Market is being driven by Increased health concerns
The Indoor Air Quality Meters Market is expected to grow at a CAGR of 8.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2256.9 million. The global indoor air quality meters market is experiencing significant growth due to the increasing adoption of green buildings, which prioritize indoor air quality as a crucial factor in determining occupant health, comfort, and productivity. Regulations for characterizing and monitoring local air pollution vary by country, but the implementation of green building technologies, including air quality monitoring, ventilation management, humidity control, and indoor dust and gas level management, is driving market expansion. Green buildings, recognized for their sustainable and high-performance design, focus on architectural ventilation and efficient resource utilization, making indoor air quality meters an essential component in ensuring compliance and maintaining optimal indoor environments.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Fixed, Portable) End-user (Government, Commercial and residential, Energy and pharmaceuticals, Others) Geography (North America, Europe, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Indoor Air Quality Meters Market Research Report
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Indoor air quality (IAQ) meters have gained significant importance in recent years due to the growing concern over indoor air pollution. The residential category is a major market for IAQ meters as homeowners seek to ensure a healthy living environment. IAQ meters measure various parameters such as temperature, humidity, and particulate matter (PM). Fixed IAQ monitors and wireless IAQ monitors are popular choices for homeowners, while multi-parameter monitors with chemical sensors cater to industries like petrochemical and academic institutes. IAQ meters are also used by government agencies for monitoring pollutants. Sampling methods and monitoring stations play a crucial role in data management. Advanced AQM systems using nanotechnology and wearable monitors are emerging trends. Public awareness and funding from both public and private sectors are driving the growth of the Indoor Air Quality Meters Market. Air pollution from outdoor sources also influences indoor air quality, making it essential to monitor both indoor and outdoor air quality.
The Indoor Air Quality Meters market falls under the segment of Small Household Appliances within the broader context of the global household appliances market. This market is a subset of the small appliance category, which generates revenue for manufacturers producing devices that measure and improve indoor air quality. The global household appliances market encompasses major and small appliances, hand tools, power tools, and garden improvement tools, with the former two excluding televisions, consumer electronics, personal computers, machine tools, and agriculture equipment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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