HVAC Air Quality Monitoring Market
Global HVAC Air Quality Monitoring Market Size, Share & Trends Analysis Report by Product Type (Portable Monitors, and Stationary Monitors), By Pollutant (Chemical Pollutant, Biological Pollutant, and Physical Pollutant), By Application (Industrial, Commercial, and Residential) Forecast, 2019-2025 Update Available - Forecast 2024-2030
The global HVAC air quality monitoring market is estimated to grow at a CAGR of around 7% during the forecast period. The market growth is attributed to the rising public awareness regarding indoor air pollution coupled with the implementation of various rules and regulations for monitoring and analyzing the indoor air quality. In addition, rising investments and funding for extensive research activities to develop effective products for monitoring and controlling various types of pollutants further gives a boost to the growth of the global HVAC air quality monitoring market during the forecast period.
Various organizations such as ASHRAE (The American Society of Heating, Refrigerating and Air-Conditioning Engineers) and IAQA (Indoor Air Quality Association) have intended a guide for examination of mold growth and moisture intrusion in buildings. Such biological contaminants trigger asthma and allergic responses in persons. Additionally, the green building rating, LEED (Leadership in Energy and Environmental Design), is used by more than 165 countries globally. It uses ASHRAE regulations for evaluating indoor air quality and to comply with these standards maximum buildings are installed with HVAC air quality monitoring systems, which in turn increases the demand for the market. Additionally, it is projected that with the increasing pollution levels and increasing private and public investments for effective indoor HVAC air quality monitoring, market demand will increase in the near future.
HVAC systems are engineered to achieve the environmental necessities of the ease of occupants. These are used in various types of applications such as industrial, residential, commercial, and institutional buildings. It fulfills the thermal comfort of residents by changing and adjusting the surrounding air conditions of the building.
Segmental Outlook
The global HVAC air quality monitoring market is fragmented into product type, pollutant, and application. Based on the product type, the global HVAC air quality monitoring market is bifurcated as portable HVAC air quality monitors and stationary HVAC air quality monitors. Based on the pollutant, the global HVAC air quality monitoring market is segmented into chemical pollutants, biological pollutants, and physical pollutants. Further, on the basis of the applications, the global HVAC air quality monitoring market is segmented into industrial, commercial and residential.
Global HVAC Air Quality Monitoring Market by Application, 2018 (%)
The Residential Sector Accounts for a Major Share in the Market During the Forecast Period
Based on the application, the residential sector accounts for a major share in the market during the forecast period. This is attributed to the rapidly changing lifestyles of consumers and increasing adoption of smart homes. Besides, the commercial segment is also expected to expand in the market during the forecast period, owing to the increasing commercial buildings such as hotels, offices, malls, shopping complexes, and others that are now centered on comfort and health of the occupants, hence driving the demand for air quality monitors. Additionally, governments have made it compulsory to frequently inspect air quality and install such products in commercial and institutional buildings.
Regional Outlook
Based on the geographical viewpoint, the global HVAC air quality monitoring market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is expected to hold a significant share in the global HVAC air quality monitoring market. This is attributed to the increased demand for air quality monitoring devices due to the rapid industrialization and urbanization in emerging countries such as India and China. Thus, these rapid activities lead to the degradation of indoor air quality to hazardous levels.
Global HVAC Air Quality Monitoring Market, by Region 2018 (%)
Moreover, several government rules and regulations are passed or formulated to strengthen and improve the indoor air quality controlling & monitoring, which in turn increases the demand for HVAC air quality monitoring devices in the market during the forecast period. However, limited public awareness and high costs of the device may challenge the growth of the market over the forecast period.
Market Players Outlook
Some of the prominent players operating in the global HVAC air quality monitoring market include Honeywell International Inc., The 3M Co., Siemens AG., Thermo Fisher Scientific Inc., Emerson Electric Co., Air Monitors, Biovac System Inc., Dylas Corp., and many others. These players are adopting various strategies such as new product launches and approvals, merger and acquisition, partnerships and collaborations, and many others in order to thrive in a competitive environment in the global market. For instance, in November 2016, Honeywell announced its expanded line of pressure monitoring sensors that are designed for minimizing the overall cost of pressure management in refrigeration and HVAC systems.
In March 2016, Honeywell acquaints with a novel series of heavy-duty pressure transducers for facility heating, ventilation and air conditioning (HVAC) and refrigeration equipment. The new PX3 Series transducers license refrigeration and industrial HVAC equipment companies to improved monitor system pressure and performance, that assists in the reduction of energy costs associated with these systems.
In June 2019, Deep Sky, AppSwarm, Corp., and AI VentureTech Inc. partnership company, launched new IoT solutions for the assistance of industrial companies in building customized IoT solutions for their enterprise.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global HVAC air quality monitoring market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Key Strategy Analysis
3.2. Key Company Analysis
3.2.1. The 3M Co.
3.2.1.1. Overview
3.2.1.2. Financial Analysis
3.2.1.3. SWOT Analysis
3.2.1.4. Recent Developments
3.2.2. Honeywell International Inc.
3.2.2.1. Overview
3.2.2.2. Financial Analysis
3.2.2.3. SWOT Analysis
3.2.2.4. Recent Developments
3.2.3. Siemens AG
3.2.3.1. Overview
3.2.3.2. Financial Analysis
3.2.3.3. SWOT Analysis
3.2.3.4. Recent Developments
3.2.4. TSI Inc.
3.2.4.1. Overview
3.2.4.2. Financial Analysis
3.2.4.3. SWOT Analysis
3.2.4.4. Recent Developments
3.2.5. Emerson Electric Co.
3.2.5.1. Overview
3.2.5.2. Financial Analysis
3.2.5.3. SWOT Analysis
3.2.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global HVAC Air Quality Monitoring Market by Product Type
5.1.1. Portable Monitors
5.1.2. Stationary Monitors
5.2. Global HVAC Air Quality Monitoring Market by Pollutant
5.2.1. Chemical Pollutant
5.2.2. Biological Pollutant
5.2.3. Physical Pollutant
5.3. Global HVAC Air Quality Monitoring Market by Application
5.3.1. Industrial
5.3.2. Commercial
5.3.3. Residential
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Aeroqual Ltd.
7.2. Air Monitors Ltd.
7.3. Bacharach, Inc.
7.4. Biovac System Inc.
7.5. Emerson Electric Co.
7.6. Fluke Corp.
7.7. Forbix Semicon, an Electronic Automation Company
7.8. GrayWolf Sensing Solutions, LLC
7.9. Honeywell International Inc.
7.10. Kanomax USA, Inc.
7.11. ProMark Associates Inc.
7.12. Siemens AG
7.13. Testo Inc.
7.14. The 3M Co.
7.15. Thermo Fisher Scientific Inc.
7.16. TSI Inc.
7.17. Vaisala Oyj
7.18. Ventilation Control Products, Inc.
7.19. Veris Industries
1. GLOBAL HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
2. GLOBAL PORTABLE HVAC AIR QUALITY MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL STATIONARY HVAC AIR QUALITY MONITORS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY POLLUTANT, 2018-2025 ($ MILLION)
5. GLOBAL HVAC AIR QUALITY MONITORING OF CHEMICAL POLLUTANT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL HVAC AIR QUALITY MONITORING OF BIOLOGICAL POLLUTANT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL HVAC AIR QUALITY MONITORING OF PHYSICAL POLLUTANT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
9. GLOBAL HVAC AIR QUALITY MONITORING IN INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL HVAC AIR QUALITY MONITORING IN COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL HVAC AIR QUALITY MONITORING IN RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
13. NORTH AMERICAN HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
14. NORTH AMERICAN HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
15. NORTH AMERICAN HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY POLLUTANT, 2018-2025 ($ MILLION)
16. NORTH AMERICAN HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
17. EUROPEAN HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
18. EUROPEAN HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
19. EUROPEAN HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY POLLUTANT, 2018-2025 ($ MILLION)
20. EUROPEAN HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
21. ASIA-PACIFIC HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
22. ASIA-PACIFIC HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY POLLUTANT, 2018-2025 ($ MILLION)
24. ASIA-PACIFIC HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
25. REST OF THE WORLD HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2018-2025 ($ MILLION)
26. REST OF THE WORLD HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY POLLUTANT, 2018-2025 ($ MILLION)
27. REST OF THE WORLD HVAC AIR QUALITY MONITORING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
1. GLOBAL HVAC AIR QUALITY MONITORING MARKET SHARE BY PRODUCT TYPE, 2018 VS 2025 (%)
2. GLOBAL HVAC AIR QUALITY MONITORING MARKET SHARE BY POLLUTANT, 2018 VS 2025 (%)
3. GLOBAL HVAC AIR QUALITY MONITORING MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
4. GLOBAL HVAC AIR QUALITY MONITORING MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
7. UK HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD HVAC AIR QUALITY MONITORING MARKET SIZE, 2018-2025 ($ MILLION)
