Indoor Air Quality Solutions Market in North America Size to grow by USD 4517.57 million between 2024-2028
According to a research report “ Indoor Air Quality Solutions Market in North America” by Product (Equipment, Services) End-user (Commercial, Residential) Geography (North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4517.57 million, at a CAGR of almost 7.77% during the forecast period. The indoor air quality (IAQ) issue in North America has emerged as a significant concern due to the deterioration of outdoor air quality and the increasing time spent indoors. This trend poses health risks for the population, including respiratory diseases, headaches, heart problems, and even cancer. The primary drivers of poor IAQ in North America include urbanization, industrialization, and vehicular emissions. These factors have led to an increase in air pollution, which is a known risk factor for various health issues. The control of IAQ remains a significant challenge for both authorities and citizens, necessitating the adoption of advanced air filtration and purification technologies to mitigate the risks.
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By Product, the Equipment segment is projected to dominate the market size in 2024
In the business realm, the primary consumers of indoor air quality solutions are corporations, salons, spas, hospitals, and hotels, among others. The escalating trend of globalization has resulted in a surge in the construction of commercial establishments, including hotels, office buildings, tech parks, and hospitals. This growth has significantly boosted the demand for compact and user-friendly electronic devices, such as indoor air quality solutions. Furthermore, the increasing number of dual-income households, demanding work schedules, and enhanced living standards are driving more individuals to seek accommodations in luxurious hotels and resorts, which are outfitted with state-of-the-art and technologically advanced electronic appliances, including indoor air quality solutions.
By End-user, Commercial segment is expected to hold the largest market size for the year 2024
Indoor air quality is a critical factor influencing the health and productivity of occupants in commercial and residential buildings in North America. Regular testing is essential to detect allergens, radon, CO2 emissions, and volatile organic compounds (VOCs) from electronic devices and gases such as chlorofluorocarbons (CFCs) and hydrofluorocarbons (HFCs). Indoor air quality solutions encompass various equipment, including air monitor sensors, HVAC systems, and air conditioners. The market for indoor air quality solutions in North America, particularly in the equipment segment, is projected to experience significant growth due to the increasing demand for cost-effective and advanced air monitoring sensors.
North America is forecasted to hold the largest market size by region in 2024
The indoor air quality solutions market in North America, with a significant focus on the United States, is poised for substantial expansion during the forecast period. The US, being a pioneer in adopting advanced technologies in air quality services and equipment, is a major contributor to market growth. The increasing number of air pollutants and subsequent health concerns have fueled market demand. Regulatory bodies, including the US EPA, OSHA, and ASHRAE, have implemented stringent guidelines to enhance indoor air quality. These regulations are expected to further propel market growth in the region.
The Indoor Air Quality Solutions Market in North America growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Title: Cutting Edge Indoor Air Quality Solutions in North America: Innovations and Market Trends Indoor Air Quality (IAQ) solutions have gained significant attention in North America due to increasing concerns over public health and the growing awareness of the impact of IAQ on productivity and well-being. The Indoor Air Quality market in North America is witnessing innovation and growth, driven by macroeconomic analysis and the need for advanced IAQ technologies. Leading innovators in this space are developing cutting-edge solutions, including Portable Indoor Monitors and Fixed Indoor Monitors, equipped with smart sensors for real-time monitoring of humidity levels, HVAC systems, air filtration, and detection of pollutants such as particulate matter, tobacco smoke, and mold. Domain experts are sharing their insights through podcasts and YouTube video transcripts, providing valuable information on the latest IAQ technologies and their applications in construction site and residential/commercial building settings. Proprietary platforms are being used to enhance the user experience and facilitate seamless integration of these solutions with existing systems. Stay tuned for more insights on the Indoor Air Quality market in North America, as we explore the latest trends and innovations in this critical area of public health and building sustainability.
Market Research Overview
Title: Indoor Air Quality Solutions Market in North America: Navigating Inorganic Growth and Scalability in a Changing Macroeconomic Landscape The Indoor Air Quality (IAQ) Solutions Market in North America is witnessing inorganic growth, driven by innovations in product features and functions, scalability, and the increasing awareness of the importance of IAQ for public health. However, macroeconomic factors such as elections, disinflation, monetary policy tightening, economic instability, and geopolitics can impact investment decisions and strategies. Construction site applications, both residential and commercial buildings, are significant markets for IAQ solutions. Innovators in this space are offering cutting-edge technologies such as Portable Indoor Monitors and Fixed Indoor Monitors to meet diverse needs. Stringent regulations and a lack of awareness, as well as resistance to change and budget constraints, pose challenges. IAQ technologies encompass a range of solutions, including smart sensors for humidity levels, HVAC systems, air filtration, and ventilation systems. These systems address various pollutants, such as particulate matter, tobacco smoke, mold, and other pollutants, ensuring energy efficiency, green building standards, and building automation. Demand-controlled ventilation, heat recovery ventilation, energy-efficient HVAC systems, and photocatalytic oxidation are some of the advanced IAQ technologies gaining popularity. Stay informed about the latest trends, insights, and expert opinions by following press statements, podcasts, and YouTube video transcripts from industry leaders. Domain experts and proprietary platforms provide valuable insights into the evolving IAQ market landscape.
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Email: media@technavio.com
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