Europe Indoor Air Quality Monitoring System Market Share 2023, Growth, Emerging Trends, Key Players, Revenue, Challenges and Forecast till 2033: SPER Market Research"
Solutions for monitoring indoor air quality (IAQ) are essential for determining and preserving the air quality in enclosed areas including homes, businesses, workplaces, and educational institutions. Because of increased adherence to air quality regulations, increased acceptance of smart building technologies, and increased recognition of the need of clean indoor air, the European market for IAQ monitoring solutions is rising rapidly.
According to SPER market research, ‘Europe Indoor Air Quality Monitoring System Market Size- By Type, By Product Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Indoor Air Quality Monitoring System Market is predicted to reach USD 1.74 billion by 2033 with a CAGR of 7.12%.
The market for IAQ monitoring solutions in Europe is expanding rapidly because of growing worries about indoor air pollution and its effects on human health. An extensive array of cutting-edge IAQ monitoring solutions is provided by a number of major competitors in the industry. The market is expanding due to various factors, including developments in technology, government efforts, and the increasing need for smart buildings.
The expensive cost of producing smart IAQ monitoring devices, however, is restricting the market growth. Furthermore, because of its low environmental efficacy, a lot of end users in Europe substitute it with cheap IAQ monitoring equipment, which has a negative effect on working conditions in commercial, residential, and industrial settings. Reduced replacement costs cause more particulate matter to be transported throughout the buildings, so polluting the indoor air quality. The lack of knowledge among locals regarding the detrimental effects of contaminated air on health is another important factor preventing the market's expansion.
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Impact of COVID-19 on Europe Indoor Air Quality [IAQ] Monitoring Solution Market
Furthermore, COVID-19 pandemic has had a modest impact on the European market for indoor air quality (IAQ) monitoring technologies, which has prompted manufacturers to create cutting-edge solutions to deal with the coexisting coronavirus issues. Increased demand for improved indoor air quality has resulted from the outbreak, with particular attention paid to different settings such as public buildings, individual residences, and communal living facilities. In order to achieve a healthy Indoor Environmental Quality (IAQ), obstacles pertaining to occupant well-being, energy efficiency, climate adaptation, pandemic resistance, and overall IEQ must be overcome. Although the pandemic has impacted production procedures, industry participants predict increased demand, positioning the IAQ monitoring solution market for consistent growth in the years to come.
Europe Indoor Air Quality Monitors Market Key Players:
Geographically, one of the top nations producing sensors and IAQ monitoring systems is Germany. Germany is home to industrial facilities owned by manufacturers such as Testo SE & Co. KGaA, Renesas Electronics Europe GmbH, and others. These facilities support the expansion of the Indoor Air Quality (IAQ) monitoring system market. The United Kingdom and France are anticipated to become some of the leading countries in the entire Heating, Ventilation, and Air Conditioning (HVAC) market due to their restricted supply chain resources and absence of a local market during this time. The market is expanding as a result of Italy's expanding industrial sector. Additionally, some of the market key players are 3M, Aeroqual, Airthings, ENVIRA IOT, ROTRONIC AG, Testo SE & Co. KGaA, Vaisala, Others.
Europe Indoor Air Quality Monitoring System Market Segmentation:
By Type: Based on the Type, Europe Indoor Air Quality Monitoring System Market is segmented as; Fixed Indoor Monitor, Portable Indoor Monitor.
By Product Type: Based on the Product Type, Europe Indoor Air Quality Monitoring System Market is segmented as; Hardware (Detectors, Monitors, Sensors), Services (Consulting, Installation, Maintenance), Software (Data Analytics, Reporting, Visualization).
By End User: Based on the End User, Europe Indoor Air Quality Monitoring System Market is segmented as; Commercial, Government Buildings, Industrial, Residential, Others.
By Region: This research also includes data for France, Germany, Italy, Russia, Spain, Sweden, U.K. and rest of Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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