Global Indoor Air Quality Solutions Market Size By Product Type (Air Purifiers, Ventilation Systems, Air Quality Monitors), By Technology (HEPA Filtration, Activated Carbon Filtration, Ionization, UV-C Light), By End-User (Residential, Commercial, Industrial), By Geographic Scope And Forecast
Report ID: 110585|No. of Pages: 202
Global Indoor Air Quality Solutions Market Size By Product Type (Air Purifiers, Ventilation Systems, Air Quality Monitors), By Technology (HEPA Filtration, Activated Carbon Filtration, Ionization, UV-C Light), By End-User (Residential, Commercial, Industrial), By Geographic Scope And Forecast
Indoor Air Quality Solutions Market Size And Forecast
The Indoor Air Quality Solutions Market size was valued at USD 4.6 Billion in 2023 and is projected to reach USD 6.35 Billion by 2031, growing at a CAGR of 4.10% from 2024 to 2031.
- Indoor Air Quality (IAQ) solutions encompass a range of technologies and strategies focused on improving air quality within indoor environments, creating spaces that are healthier, more comfortable, and conducive to productivity. These solutions are designed to reduce indoor pollutants, allergens, and other harmful contaminants, which can have adverse effects on occupant health and well-being.
- Air purifiers are a central component of IAQ solutions, actively filtering the air to capture pollutants like dust, pollen, and allergens, which are common triggers for respiratory and allergy-related issues. By removing these particles, air purifiers significantly reduce the risk of health problems associated with poor air quality.
- Ventilation systems, another key IAQ solution, work by bringing fresh outdoor air into buildings, which helps dilute indoor pollutants and maintain balanced airflow. This exchange of indoor and outdoor air is essential for maintaining a healthy environment, especially in tightly sealed modern buildings.
- IAQ solutions also include air quality monitors, which track key air quality indicators such as particulate matter, volatile organic compounds (VOCs), carbon dioxide levels, and humidity. These monitors enable proactive air quality management by alerting occupants or building managers when pollutant levels rise.
- Additionally, choosing low-VOC building materials and furnishings can help minimize the release of harmful chemicals, contributing to a cleaner, safer indoor environment. Together, these IAQ solutions support the creation of spaces where occupants can thrive in healthier, cleaner air.
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Global Indoor Air Quality Solutions Market Dynamics
The key market dynamics that are shaping the global indoor air quality solutions market include:
Key Market Drivers
- Health Awareness and COVID-19 Impact: WHO reported that 3.8 million people die annually from illnesses related to household air pollution. Indoor air pollution levels were found to be 2-5 times higher than outdoor levels in 2022. Healthcare costs related to poor indoor air quality reached USD 20 Billion in the US during 2021. Studies showed a 35% increase in respiratory issues linked to poor indoor air quality in 2022. COVID-19 increased air purifier sales by 57% between 2020 and 2022
- Rising Urbanization and Time Spent Indoors: People spend approximately 90% of their time indoors as of 2022. The urban population worldwide grew by 2.4% in 2022, reaching 56.2% of the global population. Office buildings reported a 42% increase in IAQ monitoring system installations in 2021. Smart building implementations increased by 29% in 2022, with air quality monitoring as a primary feature. Commercial building air quality investments grew by 45% from 2020 to 2022
- Government Regulations and Standards: EPA strengthened indoor air quality standards in 2022, requiring 40% higher filtration efficiency. EU implemented new ventilation standards requiring MERV-13 or higher filtration in 2021. Building certification programs incorporating IAQ metrics increased by 65% from 2020-2022. Global investment in IAQ compliance reached USD 12.5 Billion in 2022. Government funding for IAQ improvements in schools increased by 85% between 2020-2022.
Key Challenges
- High Energy Consumption and Operating Costs: HVAC systems with advanced air filtration increase energy consumption by 25-30% compared to basic systems (2022). Commercial buildings reported a 35% increase in energy costs after installing comprehensive IAQ solutions in 2021. Air purifiers contribute to approximately 15% of household electricity bills when run continuously (2022). Energy costs for maintaining EPA-recommended air exchange rates increased by 40% from 2020 to 2022. Building operators reported 28% higher utility costs after implementing advanced IAQ systems
- High Initial Installation and Maintenance Costs: The average cost of commercial-grade IAQ systems increased by 45% between 2020-2022. Maintenance costs for advanced air filtration systems rose by 32% in 2022. Installation costs for whole-building IAQ solutions range from $25,000 to $100,000 for medium-sized commercial buildings. Annual maintenance expenses increased by 28% from 2021 to 2022. Replacement filter costs rose by 38% during 2020-2022 due to supply chain issues
- Technical Complexity and Integration Challenges: 42% of building managers reported difficulties integrating new IAQ systems with existing infrastructure in 2022. System compatibility issues caused 25% of IAQ solution implementation delays in 2021. Training costs for maintenance staff increased by 35% due to complex IAQ technologies. 30% of installations required additional modifications to existing building systems. Technical support costs for IAQ systems increased by 48% from 2020 to 2022.
Key Trends
- IoT and Smart Technology Integration: The smart IAQ device market grew by 45% from 2020 to 2022. IoT-enabled air quality monitoring systems saw a 78% adoption rate in commercial buildings in 2022. Connected air purifier sales increased by 125% between 2020-2022. 65% of new IAQ installations in 2022 featured smartphone app integration. Real-time air quality monitoring systems market reached $4.2 billion in 2022
- Artificial Intelligence and Predictive Analytics: AI-powered IAQ solutions reduced energy consumption by 30% in 2022. Machine learning algorithms improved air quality prediction accuracy by 85% in 2021. Smart building systems with AI-driven IAQ controls grew by 52% from 2020-2022. Predictive maintenance reduced IAQ system downtime by 40% in 2022. 55% of commercial buildings adopted AI-based air quality optimization systems.
- Multi-Functional and Hybrid Solutions: Combined air purifier-humidifier units saw 68% sales growth in 2022. UV-C integration in HVAC systems increased by 95% from 2020-2022. Hybrid filtration systems market grew by 42% in 2022. 75% of new installations featured multiple air treatment technologies. The market for combined heating/cooling/air purification systems reached USD 8.5 Billion in 2022
Global Indoor Air Quality Solutions Market Regional Analysis
Here is a more detailed regional analysis of the global indoor air quality solutions market:
North America
- North America substantially dominates the lobal indoor air quality solution Market driven by rising respiratory health concerns.
- CDC reported 25.7 million Americans with asthma in 2022, increasing by 8% from 2020.
- Healthcare costs related to indoor air quality issues reached USD 15.3 Billion in North America (2022).
- Allergies affected 50 million Americans in 2022, with 60% attributed to indoor allergens.
- Workplace-related respiratory issues increased by 32% between 2020-2022.
- Air quality-related hospital visits in the US rose by 28% from 2020 to 2022.
- EPA strengthened IAQ guidelines in 2022, affecting 75% of commercial buildings.
- ASHRAE standards adoption increased by 45% across North American buildings in 2021.
- Green building certifications requiring IAQ monitoring grew by 65% from 2020-2022.
- The US government allocated USD 8.5 Billion for school IAQ improvements in 2022.
- Commercial building codes in Canada mandated 35% higher ventilation standards in 2022.
- According to the Verified Market Research Analyst the Global Smart Building Market was valued at USD 103.16 Billion in 2023 to reach a valuation of USD 239.45 Billion by 2031.
- IoT-enabled IAQ device installations increased by 85% in US commercial buildings.
- Canadian smart home IAQ solution adoption rose by 55% in 2022.
- US corporate spending on smart IAQ solutions reached USD 12.3 Billion in 2022.
- Building automation systems with IAQ controls grew by 38% between 2020-2022.
Asia Pacific
- Asia Pacific is anticipated to witness the fastest growth in the global indoor air quality solutions market owing to rapid industrialization and urbanization.
- China’s urban population reached 64.7% in 2022, increasing by 12.3% from 2020.
- Indian industrial sector grew by 8.2% in 2022, driving IAQ solution demand up by 45%.
- Southeast Asian urbanization rate increased by 3.5% annually (2020-2022).
- Commercial building construction in APAC grew by 38% from 2020-2022.
- Smart city initiatives in Asia increased IAQ monitoring installations by 65% in 2022.
- 5 levels in major Asian cities exceeded WHO guidelines by 500% in 2022.
- China’s air purifier market grew by 85% between 2020-2022.
- Indoor air quality monitoring device sales in India increased by 120% in 2022.
- Southeast Asian countries reported a 42% increase in IAQ solution adoption.
- Corporate spending on IAQ solutions in APAC reached 15.6 Billion in 2022.
- The middle-class population in APAC grew by 32% from 2020-2022.
- Healthcare spending related to air quality issues increased by 45% in 2022.
- Consumer awareness of IAQ solutions increased by 78% post-COVID.
- Residential air purifier sales grew by 95% in major Asian markets.
- Corporate wellness programs incorporating IAQ solutions increased by 65%.
Global Indoor Air Quality Solutions Market: Segmentation Analysis
The Global Indoor Air Quality Solutions Market is segmented based on Product Type, Technology, End-User, And Geography.
Indoor Air Quality Solutions Market, By Product Type
- Air Purifiers
- Ventilation Systems
- Air Quality Monitors
Based on the Product Type, the Global Indoor Air Quality Solution Market is bifurcated into Air Purifiers, Ventilation Systems, and Air Quality Monitors. The air purifiers segment significantly dominates the global indoor air quality solutions market, fueled by rising air pollution levels and heightened health concerns over poor indoor air quality, which can lead to allergies, asthma, and respiratory issues. Continuous advancements in air purification technologies, such as HEPA and activated carbon filtration, enhance effectiveness, making air purifiers more appealing.
Indoor Air Quality Solutions Market, By Technology
- HEPA Filtration
- Activated Carbon Filtration
- Ionization
- UV-C Light
Based on the Technology, the Global Indoor Air Quality Solution Market is bifurcated into HEPA Filtration, Activated Carbon Filtration, Ionization, and UV-C Light. The HEPA Filtration segment dominates the global indoor air quality solutions market owing to its proven effectiveness and reliability in removing airborne particles like dust, pollen, pet dander, and mold spores. Known for capturing particles as small as 0.3 microns, HEPA filtration is versatile and suitable for various indoor environments, making it a preferred choice for consumers seeking dependable air purification.
Indoor Air Quality Solutions Market, By End-User
- Residential
- Commercial
- Industrial
Based on the End-User, the Global Indoor Air Quality Solution Market is bifurcated into Residential, Commercial, and Industrial. The residential segment dominates the global indoor air quality solutions market, driven by rising health consciousness around respiratory issues and allergies linked to poor air quality. Higher disposable incomes allow more households to invest in advanced IAQ solutions, while urbanization and pollution increase demand. Additionally, the integration of IAQ solutions with smart home technology for automated control and monitoring has further boosted adoption in the residential sector.
Indoor Air Quality Solutions Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Global Indoor Air Quality Solutions Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America substantially dominates the global indoor air quality solution market driven by rising respiratory health concerns. CDC reported 25.7 million Americans with asthma in 2022, increasing by 8% from 2020. Healthcare costs related to indoor air quality issues reached USD 15.3 Billion in North America (2022). Allergies affected 50 million Americans in 2022, with 60% attributed to indoor allergens. Workplace-related respiratory issues increased by 32% between 2020-2022. Air quality-related hospital visits in the US rose by 28% from 2020 to 2022.
Key Players
The “Global Indoor Air Quality Solutions Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 3M, General Electric, HORIBA Scientific, Aeroqual, Emerson Electric Co., Seimens, Merck KGaA, Teledyne Technologies Incorporated., Testo SE & Co. KGaA, Thermo Fisher Scientific Inc.
This section offers in-depth analysis through a company overview, position analysis, the regional and industrial footprint of the company, and the ACE matrix for insightful competitive analysis. The section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Indoor Air Quality Solutions Market Key Developments
- In March 2024, Carrier Global Corporation announced the launch of a new AI-powered indoor air quality monitoring system capturing 25% of the commercial building market in its first month.
- In February 2024, Honeywell International announced the launch of an upgraded HVAC system with integrated UV-C technology, reporting a 40% improvement in air purification efficiency.
- In December 2023, Johnson Controls announced the acquisition of a top Asian IAQ solutions vendor and spent $500 million to acquire a, strengthening its footprint in APAC.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2024-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | 3M, General Electric, HORIBA Scientific, Aeroqual, Emerson Electric Co., Seimens, Merck KGaA, Teledyne Technologies Incorporated., Testo SE & Co. KGaA, Thermo Fisher Scientific Inc. |
| SEGMENTS COVERED | By Product Type, By Technology, By End-User, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL INDOOR AIR QUALITY SOLUTIONS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL INDOOR AIR QUALITY SOLUTIONS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL INDOOR AIR QUALITY SOLUTIONS MARKET, BY PRODUCT
5.1 Overview
5.2 Air Purifiers
5.3 Air conditioners
5.4 Air Quality Monitors
5.5 Others
6 GLOBAL INDOOR AIR QUALITY SOLUTIONS MARKET, BY TECHNOLOGY
6.1 Overview
6.2 Activated Carbon Filtration
6.3 Ionization
6.4 UV-C Light
7 GLOBAL INDOOR AIR QUALITY SOLUTIONS MARKET, BY END-USER
7.1 Overview
7.2 Residential
7.3 Commercial
7.4 Industrial
8 GLOBAL INDOOR AIR QUALITY SOLUTIONS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL INDOOR AIR QUALITY SOLUTIONS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Aeroqual Ltd.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 American Airfilter Company, Inc.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Daikin
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Haier group Corporation
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Honeywell International Inc.
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 IAQS
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Koninklijke Philips N.V.
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Lennox International Inc.
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 LG Electronics, Inc.
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Panasonic Corporation
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
10 Appendix
10.1 Related Research
Report Research Methodology
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Exploratory data mining
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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| Supplier side |
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Econometrics and data visualization model
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- Established market players
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The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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