Market Introduction

The global indoor air quality monitors market was valued at USD 5 billion in 2023 and grew at a CAGR of 8% from 2024 to 2033. The market is expected to reach USD 10.79 billion by 2033. The rising air pollution will drive the growth of the global indoor air quality monitors market.

IAQ sensors are specialized gadgets created to control the conditions of several pollutants and factors in the interior of constructed facilities for the improvement of a dwelling. These monitors are important in the identification of toxic gases such as: CO₂, VOCs, PM2.5, PM10, CO, NO₂, O₃, and humidity. IAQ monitors check and display the current state of these elements to ensure proper air quality that will minimize people’s chances of developing respiratory illnesses, allergies or any health complication as a result to the exposure to these elements in excess. The need for monitoring IAQ has increased due to consciousness arising from effects of poor indoor air quality on the health of building occupants. Short term exposure may cause effects such as fatigue, headaches and eye irritation, while long term exposure may cause long term diseases like asthma, bronchitis and even diseases of the heart. Indoor air quality instruments are widely employed in residences, schools, workplaces, healthcare facilities, and industrial sites to test the indoor air quality to ensure that it meets acceptable quality standards. They can be as basic as moveable monitor to as complex as the fixed systems. Additionally, there are many IAQ monitors with Wi-Fi connectivity which can be controlled via smartphone applications, and they can also seamlessly work in conjunction with other smart home technologies. Even some of the most complex models offer suggestions on things that should be done in order to enhance air quality and these includes, changing the rate of the HVAC system or switching on the air purifiers. IAQ monitors are the fastest-growing products in the HVAC market due to growing concerns about environmentally sensitive health problems, better sensor technology, and growing regulatory requirements for IAQ.

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Recent Development

• IQAir, a Swiss air quality technology firm, today announced the debut of an editorial dashboard that provides free access to real-time air quality data for media use. The dashboard provides real-time air quality data from over 80,000 global sensors in approximately 10,000 places across the world. It gives the media free access to real-time AQI (US scale), PM2.5 concentrations, temperature and humidity, and a 3-day air quality forecast, all given via an API. Press will be able to customise their dashboard and get data from any city where IQAir monitors air quality.

Market Dynamics

Drivers

The increasing incidence of health issues caused by poor air quality – Heightened concerns or health issues, the emergence of COVID-19 pandemic, and the rising awareness of the effects of environment on human health are considered as the major factors for the increasing market demand of IAQ monitors. This is because many people are becoming sensitive to the effects of poor indoor air quality. The effects of these pollutants have been associated with respiratory problems, allergies, cardiovascular diseases, chronic diseases including asthma. In turn, people and firms have adopted air quality analysis to prevent the deterioration of health in homes, businesses, and other institutions such as schools. The COVID-19 pandemic further highlighted the importance of IAQ. The virus brought highlighted the importance of ventilation and efficient air conditioning systems through which the airborne diseases could be prevented. Since the prevalence of cases of infectious diseases increased, concerns regarding the quality of indoor air also rose and thus the use of IAQ monitors. These devices emerged as critical in providing safe indoor spaces to residents and enhancing their use across both the residential and commercial segments. Another factor that has also a significant influence on the increased market growth rate is environmental awareness. With climate change and pollution becoming topics of global concern, people and companies demand solutions that reduce pollution, including clean indoor air.

Restraints

High costs of indoor air quality monitors – The prohibitively high costs of setting up the IAQ monitor and the technological design and operational challenges pose major barriers when it comes to the demand for the IAQ monitors. While there are affordable basic models that cover only one or two pollutants, the advance systems of pollutants’ monitoring including integration with smart devices and extra functions cost a lot of money. For many consumers, the initial investment may appear very large in proportion to the perceived benefits of use. Also, some IAQ monitor’s models may have high technological requirements that will lead to low adoption rates. Some IAQ monitors are complex with complex sensor configurations, multiple features, and compatibility with other smart house or building management systems. Technically challenges consumers find it extremely challenging to install and maintain such systems. Some IAQ monitors are complicated to own because they need calibration, maintenance, and troubleshooting at times.

Opportunities

Technological advancements and favourable government regulations – Restrictions set by government authorities and developments in technology are the two most critical factors positively influencing the IAQ monitor market. With more countries implementing high standards for indoor air quality, the market for accurate IAQ monitoring technologies is increasing. Today’s regulatory agencies are imposing threshold levels of emissions including CO2, particulate matter, VOCs and other noxious effluents. As a result, industries such as health care, education, hospitality, and manufacturing have found these monitors essential. This has necessitated their adoption as failure to meet indoor air quality standards attracts some stiff regulations. At the same time, new IAQ monitoring technologies are providing increasingly simple, effective, and cost-friendly devices to meet those needs. Smart technologies enable IAQ monitors to acquire data in real-time, be remotely accessed and controlled and respond autonomously, making them more useful and practical for both residential and commercial use. With improvements such as Wi-Fi connectivity, a mobile application interface, and compatibility with other smart home systems, IAQ monitors’ application witnessed a rise.

Segment Analysis

Regional segmentation analysis

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global indoor air quality monitors market, with a 37% market revenue share in 2023.

North America is considered the largest market for IAQ monitor due to many reasons such as increased awareness among people and strict regulatory policies, advanced technology, and increased consumer knowledge about IAQ monitor. The United States, for example, has developed stringent environmental laws and policies that require the correct assessment and enhancement of air quality within homes, buildings and industries. For instance, the EPA guidelines have intensified the requirements for the constant monitoring of air quality to set new standards for IAQ monitoring devices. They in effect create a large market for IAQ products. Moreover, the consumers in North America are well informed on the negative impacts of poor IAQ heath implications. There are constantly growing concerns about respiratory diseases, allergies, and the consequences of insufficient purifying of indoor air. The compatibility of IAQ monitors with smart home systems which are already in vogue in the region has also contributed to the market.

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Product Type Segment Analysis

The product type segment is divided into portable monitors and fixed monitors. The fixed monitors segment dominated the market, with a market share of around 53% in 2023. Currently most IAQ monitors are fixed monitors given their reliability and flexibility in offering real-time data about the indoor air quality. These devices are most often utilized in regularly designated zones including residential neighbourhoods, offices, healthcare facilities as well as industrial structures to continuously monitor the weather and air quality. In addition, some of the advantages of fixed IAQ monitoring devices include that they integrate perfectly well with Smart Home and Building Management System platforms. These monitors can now produce alarms, record trends over time and can be used as a basis for highly analytical information with the aid of IoT technology.

• Kaiterra, a global leader in cutting-edge air quality monitoring products, announced the release of the Sensedge Go. This ground-breaking wireless, battery-powered air quality monitor installs quickly with a simple peel-and-stick method. The Sensedge Go sets a new industry benchmark by providing the longest battery life on the market, lasting up to 8 years thanks to the company's patent-pending Adaptive SamplingTM technology, which considerably reduces maintenance efforts while assuring constant, reliable results. The Sensedge Go monitors up to 14 indoor air quality and environmental indicators, delivering comprehensive data on all aspects of the built environment.

Pollutant type Segment Analysis

The pollutant type segment is divided into particulate matter (PM2.5/PM10), volatile organic compounds (VOCs), carbon dioxide (CO2), carbon monoxide (CO), ozone (O3), humidity, and nitrogen dioxide (NO2). The particulate matter (PM2.5/PM10) segment dominated the market, with a market share of around 64% in 2023. PM2.5/PM10 are found to take majority of the IAQ monitor market since these fine particulate matter poses major health threats globally. These can be inhaled and directly enter the respiratory tract which leads to lung ailments or even more risky cardiovascular diseases. These emissions, which may originate from traffic, cooking, heating systems, and industries affect both indoor and outdoor air quality and thus require constant monitoring particularly in the rapidly urbanizing and industrializing world. The fact that people have recently become more sensitive to health risks that come from particulate pollution has resulted in growing requests for devices that can monitor particulate levels. IAQ monitoring instruments that are aimed at PM2.5 and PM10 are therefore popular because they provide users with possibly useful information regarding their environment. Further, to this, contemporary governments and regulatory organizations continue to develop tighter air quality regulations, including monitoring of particulate matter.

• Oizom recently introduced AQBot, an industrial-grade, single-parameter air quality monitoring device. The tiny, lightweight, and feature-rich device provides industries and consultants with a smart monitor for particular and targeted pollutants. AQBot was just debuted at a webinar attended by at least 250 participants from 30 countries. The industrial-grade single-parameter air quality monitor gives reliable data in real time to plant managers, allowing them to make proactive safety decisions and take timely action in advanced industrial settings. AQBot is available in 14 models that detect a wide range of air pollutants, including SO2, NO2, NO, and TVOC, as well as particulate matter such as PM1, PM2.5, PM10, PM100, and noise.

End user Segment Analysis

The end user segment is divided into residential, commercial, industrial, healthcare, and educational institutions. The residential segment dominated the market, with a market share of around 36% in 2023. The leading position of the residential segment in the IAQ monitor market is explained by the growing consumer interest in IAQ and the impact of air quality on health, as well as the increased attention to the use of smart home devices. In addition, connected IAQ monitors with smart home applications is another key consideration to growth in the residential segment. A large number of people are shifting towards smart devices that can easily fit into their existing home automation system. This convenience and functionality make IAQ monitors more appealing to the tech-savvy generation homeowners who prioritise home health and safety.

• Andreas Kofoed Sørensen and Hans Høite Augustenborg created the Birdie Fresh Air Monitor, an easy-to-use tool that improves indoor air quality. In addition, they have avoided incorporating mechanisms into the design. The methods that lead to a specific outcome are now frequently concealed beneath pristine minimalist designs. The fall in integrating processes and personalising product designs, which can replicate a distinctive style, hint at function, stimulate curiosity, or have an unusual personality, has left items arguably dull.

Technology Segment Analysis

The technology segment is divided into non-smart monitors, smart monitors and hybrid monitors. The smart monitors segment dominated the market, with a market share of around 51% in 2023. Smart monitors are the most popular segment in the IAQ monitor due to the increased need for efficiency, immediacy, and connectivity to smart homes. These devices are Wi-Fi enabled, Bluetooth or have a built-in mobile application so that people can watch the quality of the air and receive notifications on existing changes in air quality on any device. The function of acquiring air quality information on one’s smartphone or another smart gadget is particularly valuable if one is a sophisticated consumer in search of an IAQ smart monitor with convenient features. Rising popularity of smart home devices also continues to drive the supremacy of smart IAQ monitors. People and homeowners are now linking their IAQ monitors with other smart devices, including thermostats, air purifier, and ventilation systems in their homes. However, newer sophisticated IAQ monitors have additional features including; periodic and comprehensive indoor air quality reports, indoor air quality trend analysis, and ability to share data which can be of great value in determining the state of the environment. Since they are easy to use, have high functionality, and can be integrated when necessary, smart monitors are gradually replacing existing IAQ monitoring technologies and are widely used in both residential and commercial sectors.

• Renesas Electronics Corporation, a leading provider of cutting-edge semiconductor solutions, unveiled a sophisticated all-in-one sensor module intended for monitoring indoor air quality. Renesas's first multi-sensor air quality module, the RRH62000, combines several sensor characteristics in a small package and detects various particle sizes, volatile organic compounds, and gases that are hazardous to human health. The module provides an intelligent sensor management solution for a rising market of air monitoring applications, such as smoke detectors, air purifiers, HVAC systems, weather stations, and smart home systems, thanks to its Renesas microcontroller (MCU). Its strong firmware also makes it possible for client products to meet international air quality standards.

Some of the Key Market Players

• 3M
• Airthings AS
• Awair, Inc.
• BAPI, Inc.
• Eco Sensor, Inc.
• ECOBREEZE
• Fraser Instruments
• Honeywell International Inc.
• Kaiterra
• Owl Labs
• Shinyei Technology Co., Ltd.
• Thermo Fisher Scientific Inc.
• TSI Incorporated
• UHU GmbH
• Vaisala Oyj

Report Description

• Market Introduction
• Market Dynamics
• Segment Analysis
• Some of the Key Market Players