December 2, 2022

According to the latest report, titled “Europe Indoor Air Quality (IAQ) monitoring solution market: Industry Trends, Share, Size, Growth, Opportunity and Forecast’ the India facility management market is expected to exhibit a Huge CAGR during the Forecast Period. The Europe Indoor Air Quality (IAQ) monitoring solution market is projected to grow from USD 746.5 million in 2020 to USD 1,225.8 million in 2027 at a CAGR of 7.3% in the 2020-2027 period

This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Europe Indoor Air Quality (IAQ) monitoring solution market by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Europe Indoor Air Quality (IAQ) monitoring solution market.

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A few top players in the industry are

  • Inglass S.p.A. (HRSFlow) (Italy)
  • Barnes Group Inc. (United States)
  • Hillenbrand Inc. (Milacron) (United States)
  • YUDO (SUZHOU) HOT RUNNER SYSTEMS CO., LTD (Korea)
  • Husky Injection Molding Systems Ltd. (Canada)
  • Mold Hotrunner Solutions Inc. (Canada)
  • Top Grade Molds (Canada)
  • Mastip Technology Limited (United States)
  • J-Tech Hot Runner (Canada)
  • GÜNTHER Heisskanaltechnik GmbH (Germany)

The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables & figures referred to in this report for strategic planning which leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global Europe Indoor Air Quality (IAQ) monitoring solution market and the market concentration is described in the report.

Regional Analysis:

On the basis of Geography, the Global Europe Indoor Air Quality (IAQ) monitoring solution market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Europe Indoor Air Quality (IAQ) monitoring solution market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.

The growing number of Europe Indoor Air Quality (IAQ) monitoring solution market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.

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Increasing Smart Home Construction across Europe to Drive Growth

Owing to technological advancements, such as the Internet of Things (IoT), the smart home industry is getting more accessible on a wide scale. For instance, as per an article published on Forbes regarding the latest trends in the smart home space, the Europe indoor air quality (IAQ) monitoring solution market for the same is estimated to reach USD 174 billion by 2025. In reflection of this trend, the smart home market in Europe is also flourishing with major countries including the U.K., Germany, Sweden, Italy, France, Russia, and others showcasing an increasing adoption of smart home construction. This is expected to drive the growth of the Europe indoor air quality monitoring solution market. However, the high cost associated with these devices is expected to limit market growth for IAQ monitoring solutions.

An overview of the Europe Indoor Air Quality (IAQ) monitoring solution market’s regional outlook:

The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is separated into Brazil, Mexico, and the rest of Latin America, whereas the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.

Fixed Indoor Monitors to Become Leading Segment; Increasing Air Quality Monitoring Stations to Aid Growth

Based on type, the fixed indoor monitors segment is projected to gain the highest share in the projected timeline. Increasing installation of air quality monitoring (AQM) stations across commercial and industrial facilities in the region is one of the major factors responsible for segment growth. By application, the industrial segment generated 16.4% in terms of share in 2019.

Launching Innovative Products to Help Key Players Gain Dominance

The Europe IAQ monitoring solution market comprises numerous electronic manufacturers focused on finding new opportunities in the industry. They are focusing on launching innovative products in order to gain a competitive advantage. For instance, in November 2020, ENVIRA IOT developed an indoor air quality monitoring system especially for hotels, restaurants, and cafes. With this launch, the company aims to prevent indoor polluted air and minimize the spread of hazardous viruses.

FAQs:

  1. What is the driving factor for the growth of the Europe Indoor Air Quality (IAQ) monitoring solution market?
  2. How will the COVID-19 pandemic impact the demand and consumption of the Europe Indoor Air Quality (IAQ) monitoring solution market?
  3. What is the major application area of the Europe Indoor Air Quality (IAQ) monitoring solution market?
  4. Who are the Europe Indoor Air Quality (IAQ) monitoring solution market manufacturers across the globe?
  5. Which geographical location is dominant in the Europe Indoor Air Quality (IAQ) monitoring solution market?
  6. Which are the top industry players in the Europe Indoor Air Quality (IAQ) monitoring solution market?

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