Study Reports Indoor Air Quality (IAQ) Market to Grow by $13.9B Through 2029

NEW YORK — The global indoor air quality (IAQ) solution market size is estimated to grow by USD 13.9 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 6.9% during the forecast period. New air quality product launches is driving market growth, with a trend toward technological advances in indoor air quality solutions. However, high competition among market vendors poses a challenge. Key market players include 3M Co., Aeroqual Ltd., Camfil AB, Carrier Global Corp., ClimateCare, Daikin Industries Ltd., Ferguson plc, Germguard Technologies M Sdn. Bhd., Honeywell International Inc., Johnson Controls International Plc, Lennox International Inc., LG Corp., MANN HUMMEL International GmbH and Co. KG, Panasonic Holdings Corp., Perfect Pollucon Services, Sensirion AG, SGS SA, Spectro Analytical Labs Pvt. Ltd., Trane Technologies Plc, and UL Solutions Inc.

Market Driver

Indoor Air Quality (IAQ) solutions have gained significant attention in various sectors due to growing concerns over indoor pollution. HVAC systems with HEPA filters and IAQ management systems are popular solutions. Building automation and LEED, WELL Building Standards, and IAQM are driving demand. Air pollution monitoring tools like indoor monitors, portable monitors, and sensors measure pollutant types such as chemical, physical, and biological pollutants. Public-private funding and government initiatives are boosting the market. IAQ solutions include air purifiers, humidifiers, ventilation systems, air filters, dehumidifiers, UV lamps, carbon monoxide alarms, and more. Applications span from government buildings and industrial establishments to commercial and residential buildings. Air quality regulations drive demand in sectors like oil and gas, coal and mining, power and energy, general manufacturing, schools and universities, hospitality, retail, office buildings, hotels and restaurants, and long-term care communities. New equipment, service, and maintenance are key areas for growth. 

Indoor air quality (IAQ) has emerged as a significant concern due to the increasing time spent indoors and rising indoor pollution levels, which are now double that of outdoor air. According to recent statistics, approximately 90% of the global population spends most of their time indoors. This trend is driving the demand for IAQ solutions in various industries, including homes, schools, offices, and factories. Advancements in technology, such as IoT-based monitoring systems and cyber-physical systems for real-time IAQ monitoring, along with advanced sensor networks, are promoting the installation of IAQ systems across applications. Furthermore, the manufacturing industry and power plants are adopting Industry 4.0-related IAQ solutions to prioritize employee health. Additionally, there is a growing demand for portable IAQ monitors in the market as people seek to monitor and maintain healthy indoor environments in their homes and workplaces. These devices provide real-time data on air quality, enabling users to take necessary actions to improve IAQ and protect their health. Overall, the IAQ solution market is poised for significant growth in the coming years. 

Market Challenges

• Indoor Air Quality (IAQ) is a significant concern for various establishments, including government buildings, industrial sites, commercial spaces, and residential buildings. HVAC systems, a common source of IAQ issues, require regular maintenance and upgrades to HEPA filters and IAQ management systems. Building automation and LEED, WELL Building Standards, and IAQM certification can help improve IAQ. Indoor monitors, including portable ones, are essential tools for detecting pollutants like chemical, physical, and biological pollutants. Public-private funding and government regulations are driving the market for IAQ solutions, including air purifiers, humidifiers, ventilation systems, air filters, dehumidifiers, and UV lamps. Air quality sensors, PM measurement, and CO alarms are also crucial components. The market for IAQ solutions is vast and diverse, encompassing sectors like oil and gas, coal and mining, power and energy, general manufacturing, schools and universities, hospitality, retail, office buildings, hotels and restaurants, long-term care communities, and residential spaces like private homes and apartments. New equipment, service, and maintenance are ongoing needs for this market.
• The Indoor Air Quality (IAQ) solution market faces intense competition due to the presence of numerous regional and international vendors. This fragmented vendor landscape poses challenges for global players looking to maintain their market position. Local vendors offer affordable indoor air quality solutions and equipment, including air filters, air purifiers, and humidifiers, forcing global vendors to match their pricing. This competition negatively impacts the market growth for indoor air quality solutions, equipment, and services.

For more information, or to view the report, visit Technavio.