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Smart Indoor Air Quality Monitoring Device Market : Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation

Published On : 09:40 AM, 14th September, 2017 REP-ID-461 Category: Miscellaneous

Smart Indoor Air Quality Monitoring Device Market Overview

Smart indoor air quality monitoring device measures humidity, temperature, atmospheric pressure, and indoor air quality. The device can be connected with a smart phone by bluetooth or by wi-fi. These devices are widely used by various sectors such as government buildings, residential sector and others.

Market Size and Forecast

The global smart indoor air quality monitoring device market is expected to grow at a robust growth over the forecast period i.e. 2017-2024.  Further, smart indoor air quality monitoring device market is driven by various factors such as growing consumer awareness for healthy and pollution-free indoor environments and rising personal disposable income of the population.

indoor Air quality monitoring device

In terms of geography, the most prominent regional markets include North America and Europe, which together constituted around 65% in 2016. North America region accounted for the largest market of smart indoor air quality monitoring device in terms of revenue in 2016. Further, North America region is expected to continue its dominance by the end of 2024 owing to huge adoption of technologically advanced air monitoring products. The market of smart indoor air quality monitoring device is majorly driven by the presence of major key players of smart indoor air quality monitoring device in the region. Moreover, U.S. and Canada are expected to be the dominating countries during the forecast period owing to growing adoption of smart home technologies.

Europe region captured the second largest market of smart indoor air quality monitoring device in 2016. The factors propelling the growth of smart indoor air quality monitoring device in Europe region are rapid urbanization coupled with growing use of digital technology by end users for monitoring indoor air pollution level. Asia-Pacific region is also projected to show a tremendous growth over the forecast period i.e. 2017-2024. The growth in this region is credited to the rise of middle class and rising purchasing power of the population. Furthermore, Japan and China are the leading countries of smart indoor air quality monitoring device market in this region. Additionally, increased connectivity and a greater demand for air quality monitoring are envisioned to foster the growth of smart indoor air quality monitoring device market in the Asia-Pacific region.      

Market Segmentation

Our in-depth analysis segmented the global smart indoor air quality monitoring device market in the following segments:

By End-User

  • Residential
  • Commercial
  • Industrial
  • Others

By Region

Global smart indoor air quality monitoring device market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Indoor Air Quality Device

Growth Drivers and Challenges

Factors such as growing popularity of smart homes, rising technological advancements in the field of indoor air monitoring devices, rising adoption of green building & smart home technologies and spiked penetration of smart phones are believed to be the dynamic factor behind the rapid growth of smart indoor air quality monitoring device market across the globe. Moreover, technological advancements have made these devices compact, comfortable, and easy to use.  This factor is expected to propel the growth of smart indoor air quality monitoring device market.

Furthermore, smart indoor air quality monitoring device market is driven by various factors such as rising research and development activities, explosion of interest in gadgets and rising disposable income of the population. Likely, stringent government regulations for monitoring and controlling of industrial exhausts coupled with development and commercialization of innovative gas and chemical detection sensors are projected to bolster the growth of smart indoor air quality monitoring device market.

However, high cost of smart indoor air quality monitoring device is expected to hinder the growth of smart indoor air quality monitoring device market. Further, less adoption of smart gadgets by developing and underdeveloped nations is also believed to dampen the growth of smart indoor air quality monitoring device market.

Key players

The major key players for smart indoor air quality monitoring device market are as follows

  • Foobot
    • Company Overview
    • Key Product Offerings
    • Business Strategys
    • SWOT Analysis
    • Financials
  • Air Advice
  • uHoo
  • Birdi 
  • Awair
  • Cube Sensors
  • Koto Air
  • Air Mentor
  • NetAtMo
  • AirThings Wave
  • Honeywell International

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global smart indoor air quality monitoring device market is segmented as follows:

  • By End-User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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