Technavio has been monitoring the indoor air quality solutions market in North America and it is poised to grow by USD 1.74 billion during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Indoor Air Quality Solutions Market in North America by Product, End-user, and Geography Forecast and Analysis 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the indoor air quality solutions market in North America. The market growth in 2020 is likely to increase compared to market growth in 2019.
Frequently Asked Questions:
- Based on segmentation by the product, which is the leading segment in the market?
The equipment segment led the market in 2019. - What are the major trends in the market?
The increased popularity of green buildings is the major trend in the market. - At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 4% during 2020-2024. - Who are the top players in the market?
3M Co., Aeroqual Ltd., Camfil AB, Daikin Industries Ltd., Ingersoll Rand Inc., Lennox International Inc., Panasonic Corp., Raytheon Technologies Corp., Trion IAQ, and TSI Inc. are the top players in the market. - What are the key market drivers and challenges?
The market is driven by the increased concerns over indoor air quality. However, a long product lifecycle will challenge growth. - How big is the US market?
82%of the market's growth will originate from the US during the forecast period.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 3M Co., Aeroqual Ltd., Camfil AB, Daikin Industries Ltd., Ingersoll Rand Inc., Lennox International Inc., Panasonic Corp., Raytheon Technologies Corp., Trion IAQ, and TSI Inc. are some of the major market participants. The increased concerns over indoor air quality will offer immense growth opportunities, however, a long product lifecycle is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this indoor air quality solutions market in North America forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Indoor Air Quality Solutions Market in North America 2020-2024: Segmentation
Indoor Air Quality Solutions Market in North America is segmented as below:
- Product
- Equipment
- Services
- End-user
- Commercial
- Residential
- Geography
- US
- Canada
- Mexico
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR45565
Indoor Air Quality Solutions Market in North America 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The indoor air quality solutions market in North America report covers the following areas:
- Indoor Air Quality Solutions Market in North America Size
- Indoor Air Quality Solutions Market in North America Trends
- Indoor Air Quality Solutions Market in North America Industry Analysis
This study identifies the increased popularity of green buildings as one of the prime reasons driving the indoor air quality solutions market in North America growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Indoor Air Quality Solutions Market in North America 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist the indoor air quality solutions market in North America growth during the next five years
- Estimation of the indoor air quality solutions market in North America size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the indoor air quality solutions market in North America
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of indoor air quality solutions market in North American vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Equipment Market size and forecast 2019-2024
- Services Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Commercial Market size and forecast 2019-2024
- Residential Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- US Market size and forecast 2019-2024
- Canada Market size and forecast 2019-2024
- Mexico Market size and forecast 2019-2024
- Market opportunity by geography
- Market drivers Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive landscape
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- Aeroqual Ltd.
- Camfil AB
- Daikin Industries Ltd.
- Ingersoll Rand Inc.
- Lennox International Inc.
- Panasonic Corp.
- Raytheon Technologies Corp.
- Trion IAQ
- TSI Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201216005650/en/
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