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The global market for Indoor Air Quality (IAQ) monitors will top $US5. 5 billion by 2026.

Indoor air quality is characterised by the ventilation conditions, humidity levels, ambient air temperature and the prevalence of chemical and biological contaminants within a building.

A new report by Reportlinker.com found growth is set to be driven by deteriorating air quality and increased consumer focus on indoor air.

“The market for air quality monitoring is also supported by rising consumer awareness, strict regulations related to monitoring and control of air quality, expanding application areas, and a growing focus among people to lower health risks,” the report said.

“The market growth is further stimulated by emergence of new technologies such as AI, IoT and automation that allow manufacturers to come up with advanced devices for real-time monitoring of indoor air quality.

“Indoor air quality monitors are enjoying immense attention amid the COVID-19 pandemic as various studies are linking enhanced air quality with fewer casualties.

“Regulations on environmental pollution for several industries such as food processing, chemicals and other process industries will generate long term demand for indoor air quality monitors beyond the COVID-19 pandemic.”

Amid the COVID-19 crisis, the global market for Indoor Air Quality Monitors estimated at $US3 billion in the year 2020, is projected to reach a revised size of $US5.5 billion by 2026, growing at a CAGR of 9.9 per cent over the analysis period.

While fixed indoor monitors are growing at a 9.5 per cent CAGR, portable indoor monitors will grow at a 10.7 per cent CAGR for the next seven years.

The US accounts for a 39.3 per cent share of the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of $US397.9 million in the year 2026 growing at a CAGR of 12.9 per cent through the analysis period. Other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9 per cent and 9.4 per cent respectively. ENDS.

Within Europe, Germany is forecast to grow at approximately 9.5 per cent CAGR while India and China are contributing to the market expansion in the Asia Pacific region.

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