Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
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.
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.
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. CLICK TO DOWNLOAD SAMPLE REPORT
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.
Our in-depth analysis segmented the global smart indoor air quality monitoring device market in the following segments:
Global smart indoor air quality monitoring device market is further classified on the basis of region as follows:
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.
The major key players for smart indoor air quality monitoring device market are as follows
Overview of the Parent Market
Analyst View
Segmentation
The global smart indoor air quality monitoring device market is segmented as follows:
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
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