Indoor Air Quality Monitors Market Size, Share, Analysis, Trends, Growth, 2032

Indoor Air Quality Monitors Industry Prospective:

The global indoor air quality monitors market size was worth around USD 3,509.97 million in 2023 and is predicted to grow to around USD 4,682.31 million by 2032 with a compound annual growth rate (CAGR) of roughly 8.80% between 2024 and 2032.

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Indoor Air Quality Monitors Market: Overview

An indoor air quality (IAQ) monitor is a device used to check the level of several air contaminants in an indoor setting. These tools are helpful in assessing the safety of indoor air and are equipped with features to send alerts in case dangerous levels of contaminants are present in an indoor environment.

In recent times, the IAQ index worldwide has worsened due to several factors, including rising levels of pollution in the external environment. In addition, the presence of allergens, viruses, bacteria, and mold are also some of the leading IAQ contaminants. An IAQ monitor is used for detecting the number of harmful materials in indoor air including concentration of particulate matter, levels of carbon dioxide, and other indoor pollutants.

An efficient IQ monitor should be equipped with technologies to measure parameters, obtain & deliver accurate data, and collect & store data. The demand for indoor air quality monitors is projected to rise during the forecast period due to the growing number of patients with high sensitivity to pollution exposure. However, the high cost of devices and lack of awareness will impact the indoor air quality monitors industry’s growth trajectory.

Key Insights:

• As per the analysis shared by our research analyst, the global indoor air quality monitors market is estimated to grow annually at a CAGR of around 8.80% over the forecast period (2024-2032)
• In terms of revenue, the global indoor air quality monitors market size was valued at around USD 3,509.97 million in 2023 and is projected to reach USD 4,682.31 million by 2032.
• The indoor air quality monitors market is projected to grow at a significant rate due to the growing levels of air pollution in indoor settings.
• Based on pollutant type, the chemical contaminants segment is growing at a high rate and will continue to dominate the global market, as per industry projections.
• Based on the end-user, the commercial buildings segment is anticipated to command the largest market share.
• Based on region, Europe is projected to dominate the global market during the forecast period.

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Indoor Air Quality Monitors Market: Growth Drivers

Growing levels of air pollution, even in indoor settings, will drive the market demand rate

The global indoor air quality monitors market is expected to grow due to the growing levels of air pollution. Market study indicates that indoor air quality has been deteriorating at a rapid level. This is especially witnessed in countries with higher levels of infrastructure development projects.

In addition to this, other factors, such as a lack of regulations restricting emission levels along with poor building & construction standards, further contribute to worsening air quality. Other factors that impact IAQ include the presence of particulate matter (PM), tobacco smoke, and volatile organic compounds (VOCs).

According to recent reports, India is facing a severe health risk in the form of indoor air pollution. The country’s annual PM is 2.5 levels of IAQ, which is the highest compared to global levels. Poor indoor air quality is known to cause several mild to severe health conditions. Research indicates polluted air can be linked to a wide range of chronic conditions, including diabetes, hypertension, anemia, mental health, and cholesterol levels. Indoor air quality monitors are extremely helpful in determining IAQ range, thus allowing residents to take measures to prevent further escalation in indoor air quality.

Surge in the popularity of smart homes worldwide will generate demand for IAQ monitors

Air contaminants such as bacteria, allergens, mold, and others must be detected as early as possible to prevent severe health risks among residents. Smart homes are becoming popular worldwide as these housing facilities are equipped with modern technologies that assist in improving the quality of life.

In addition to this, the surge in ambient assisted living trend is further promoting demand for smart homes. Deploying the solutions available in the global indoor air quality monitors market can help users detect the source of indoor air pollution and prevent further deterioration in air quality.

Indoor Air Quality Monitors Market: Restraints

High cost of devices and lack of awareness will limit the industry’s growth rate

The global industry for indoor air quality monitors is projected to be restricted due to the higher cost of the devices. Market study indicates that technologically sophisticated monitors can cost over USD 20,000. While other economical options are available, they may not be as effective as advanced counterparts. In addition, the lack of consumer awareness regarding the benefits of IAQ monitors especially in low-income countries may further limit the industry’s expansion trend.

Indoor Air Quality Monitors Market: Opportunities

Increasing the introduction of new solutions with enhanced features across the world will generate growth opportunities

The global indoor air quality monitors market is projected to generate growth opportunities due to increasing research & development (R&D). Product innovation is critical to survive in the industry facing growing competitiveness. In April 2024, the Advanced Research Projects Agency for Health (ARPA-H), a US Federal agency, announced launching the Building Resilient Environments for Air and Total Health (BREATHE) program.

The agency intends to develop a scalable platform that can be used for improving IAQ across the US. BREATHE will focus on developing novel smart buildings equipped with integrated systems capable of monitoring, measuring, and reporting air quality in indoor settings. Such events are likely to create more demand for highly advanced IAQ monitors that work in tandem with other smart technologies to enhance the quality of living space for the residents.

In January 2024, a leading provider of IAQ and radon monitors for businesses and households, Airthings, added two new models to the consumer product portfolio. The products launched include Airthings Renew and Wave Enhance. The former is the company’s flagship smart air purifier, while Wave Enhance is a battery-operated compact IAQ monitor. Wave Enhance is specially designed to deliver insights on unique sleep conditions, which can ultimately help improve overall health.

Indoor Air Quality Monitors Market: Challenges

Changing regulatory environment globally to Challenge market expansion trend

The global indoor air quality monitors industry is expected to be challenged by the changing regulatory environment governing the IAQ monitors sector. The regulations change regionally based on building standards and laws related to air pollution. Compliance is a major concern for industry players as each product requires years of research and development before the solution is made available in the commercial market.

Indoor Air Quality Monitors Market: Segmentation

The global indoor air quality monitors market is segmented based on pollutant type, product type, end-user, and region.

Based on the pollutant type, the global market segments are biological, physical, and chemical. In 2023, the highest growth was observed in the chemical segment, driven by the growing presence of chemical contaminants in indoor settings. They are dispersed in the environment through a wide range of sources.

For instance, air fresheners and personal care items are rich sources of several types of chemicals. Biological pollutants are caused by poor ventilation and improper control of moisture. As per the Centers for Disease Control and Prevention (CDC), more than 47% of homes in the US were mold-infested in 2022.

Based on product type, the global indoor air quality monitors industry is divided into portable and fixed.

Based on the end-user, the global market divisions are residential, commercial buildings, industrial, and government buildings. In 2023, the highest revenue was generated in the commercial buildings segment. It includes a wide range of facilities such as corporate offices, hospitals, shopping centers, and other buildings that are frequented by a large number of people.

Moreover, the growing regulatory measures to improve air quality in commercial centers fuel segmental demand. According to the American Lung Association, over 39% of the US population lives in an environment with unhealthy levels of particle or ozone pollution.

Indoor Air Quality Monitors Market: Report Scope

Indoor Air Quality Monitors Market: Regional Analysis

Europe is expected to lead the market during the projection period

The global indoor air quality monitors market will be led by Europe during the forecast period. European nations such as Germany, France, Spain, and the UK will generate higher revenue in the coming years. The regional market growth rate is driven by the growing importance of the overall health and well-being of the citizens. European nations, for instance, enjoy employee-friendly regulatory laws requiring companies to ensure optimal working conditions.

In addition, a surge in consumer awareness will further promote growth in Europe. Market research suggests that countries such as Switzerland, Netherlands, Sweden, and other nations take citizen health seriously. In August 2024, Daikin, the world’s largest air conditioner manufacturer, announced the addition of two latest plug-and-play air purifier models that not only provide real-time insights on air quality but also improve IAQ.

North America is expected to emerge as the second-highest revenue generator in the indoor air quality monitors industry during the projection period. The US and Canada have a high presence of several key manufacturers of IAQ monitors. Stringent building regulations and increasing air pollution in these countries are driving product adoption rates. The rising investments in the construction of smart homes will promote IAQ monitor incorporation during the building stage.

Indoor Air Quality Monitors Market: Competitive Analysis

The global indoor air quality monitors market is led by players like:

• Thermo Fisher Scientific
• Airthings
• TSI Incorporated
• Extech Instruments (FLIR Systems)
• E Instruments International
• Dwyer Instruments
• IQAir
• Aeroqual
• Honeywell
• Sensirion
• Vaisala
• Testo
• Awair
• GrayWolf Sensing Solutions
• Siemens

The global indoor air quality monitors market is segmented as follows:

By Pollutant Type

• Biological
• Physical
• Chemical

By Product Type

• Portable
• Fixed

By End-User

• Residential
• Commercial Buildings
• Industrial
• Government Buildings

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa