Indoor Air Quality Testing Service Market Size, Share, Growth, and Industry Analysis, by Type (Chemical Testing, Biological Testing), By Application (Home, Office) Regional Forecast To 2031

Updated On: 01 April 2024

INDOOR AIR QUALITY TESTING SERVICE MARKET REPORT OVERVIEW 

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The global indoor air quality testing service market size is USD 623.3 million in 2022 and the market is projected to touch USD 1017 million by 2031, exhibiting a CAGR of 5.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the indoor air quality testing service market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

Indoor air quality testing service(IAQ) is a critical process for determining the level of contaminants present in indoor air, which can affect occupant productivity and well-being. Good and healthy air quality in the workplace can improve employee comfort, productivity, and well-being. Perfect Pollucon Services inspects indoor air quality testing service equipment for various harmful parameters in homes and businesses. Regular indoor air quality testing service can assist in identifying air quality issues. Every year, thousands of man-days are lost due to illness caused by poor indoor air quality.

Indoor air quality testing (IAQ) can have a significant impact on the health, well-being, and productivity of building occupants. Poor IAQ, whether in a hospital, hotel, corporate office, school, commercial, or institutional building, can be hazardous to workers' health, and you must also meet regulatory compliance. This is why it is critical to have pre-monitoring and testing of indoor air after construction and before relocating your workforce.

COVID-19 Impact: Decline in Demand Resulted in a Halt in Market Growth

COVID-19 was one of the most significant setbacks in recent human history. It demonstrated to humans that they are helpless in the face of a tiny virus. It affected the entire world in many areas, including health, education, business, and others. The global economy collapsed in a massive way when the majority of countries declared lockdown and sat within their borders. The demand for indoor air quality testing services has decreased since offices, schools, and other organizations have ceased operations. Despite the fact that hospitals and individual homes required the service, the deteriorating income sources prevented the indoor air quality testing service market growth.

LATEST TRENDS

"Health Concerns to Boost Market Growth"

The use of air quality testing services is increasing as the general public becomes more aware of the health risks associated with indoor air pollution. Pollutants that penetrate the building environment or enter through windows have an impact on indoor air quality. Following the pandemic, research has revealed that there are long-term side effects of COVID in humans, raising concerns. People are more concerned about their health and have begun to invest more in preventative measures to avoid respiratory diseases. As a result of this trend, the indoor air quality testing service market is rapidly expanding.

INDOOR AIR QUALITY TESTING SERVICE MARKET SEGMENTATION

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• By Type

Based on type; the market is divided into Chemical Testing and Biological Testing

Chemical Testing is the leading part of this segment.

• By Application

Based on application; the market is divided into Home and Office

Office is the leading part of the application segment.

DRIVING FACTORS

"Government Initiative to Prevent Air Pollution Boosts the Market's Growth."

The rising level of air pollution from suspended particles of chemical, physical, or biological particulates has necessitated government intervention. Many governments around the world have launched programs to control indoor air quality in government buildings and public spaces. There are numerous private companies on the market that offer advanced technological solutions for monitoring air quality using real-time data. However, governments must provide support in order to implement and take action to reduce pollution. As a result, government initiatives drive the indoor air quality testing service market.

"Increasing Pollutants to Fuel Market Growth"

As the COVID-19 pandemic has confined people to their homes or other enclosed spaces, the need to improve indoor air quality has grown. People learned more about the tools and technologies available for providing controlled indoor air quality. Indoor air pollution is becoming more prevalent, causing health problems such as eye, nose, and throat irritation, headaches, dizziness, and fatigue, as well as respiratory diseases, heart disease, and cancer. Asthma is triggered by a variety of indoor air pollutants, including dust mites, mold, pet dander, environmental tobacco smoke, cockroach allergens, particulate matter, and others. Such negative effects of indoor air pollution have increased the demand for improved air quality through the use of indoor air quality monitoring systems. As a result, all of these factors promote and raise awareness among people, resulting in market growth.

RESTRAINING FACTORS

"Renewable Energy Replacement Stifles Market Growth"

Many countries have faced pollution and its harmful aftereffects as global energy consumption has increased. As a result, shifting to renewable energy sources, or green energy, has become increasingly important. Renewable energy is energy derived from naturally replenishing and virtually inexhaustible but finite sources. Biomass energy, hydropower, geothermal power, wind energy, and solar energy are examples of renewable resources. As a result, as pollution sources transition to green and clean sources, the need to monitor air quality will diminish. It will reduce the need for an indoor air quality testing system. This shift to renewable and clean energy sources is impeding the growth of the indoor air quality testing service market.

INDOOR AIR QUALITY TESTING SERVICE MARKET REGIONAL INSIGHTS

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North America will Lead the Market Due to Rising Health Concerns.

Among all regions, North America holds the largest indoor air quality testing service market share. This region’s end-user industry is expanding, which is driving market growth. Improved product quality enables manufacturers to create more complex parts and products, potentially opening up previously untapped commercial opportunities. Finally, higher quality is a fairly reliable predictor of a manufacturer's clients' and end users' return. This region is seeing an increase in the number of players in the automotive, metal, and electronics industries, among others, which is fueling the growth of the automated industrial quality control market.

KEY INDUSTRY PLAYERS

"Prominent Market Players to Drive Market Growth"

This market's data was compiled from a variety of sources. Trade journals, professional association statistics, university studies, and government reports are just a few examples. Information is gathered from producers, distributors, sellers, retailers, micro-experts, and other market participants in addition to these primary sources. The report contains details on industry participants and their local activities. Data collection and reporting methods include partnerships, technological advancements, acquisitions, mergers, and industrial facility expansion.

List of Market Players Profiled

• Nexgen (U.S.)
• ALS (Australia)
• Hawk Environmental Services (U.S.)
• IAQ Philippines (Philippines)
• Alpha Analytical (U.S.)
• EMSL Analytical, Inc. (U.S.)
• RTK Environmental Group (U.S.)
• DustScan (U.S.)
• Benchmark Environmental (U.S.)
• Green Home Solutions (U.S.)
• Element (U.K.)

REPORT COVERAGE

The study includes a thorough examination of the current state of the market, including raw materials, technology, and equipment, as well as supply and demand, production capacity, and industry chain analysis. This research evaluates both the market potential and the market risks associated with the emergence of specific categories. The impact of key market drivers and restraints on market growth is also being evaluated. Major firms' performance is evaluated over time, and their effects on market dynamics are investigated.