NEW
YORK, June 21, 2024 /PRNewswire/ -- The
global residential air quality control services
market size is estimated to grow by USD 2.14 billion from 2024-2028, according
to Technavio. The market is estimated to grow at a CAGR of
almost 8.09% during the forecast
period. Rising demand for well-maintained
infrastructure is driving market growth, with a trend
towards increased level of outsourcing facility management
services. However, increasing material cost poses a
challenge. Key market players include 3M Co., 75F, AAF India Pvt. Ltd., ALS Ltd.,
BELFOR Holdings Inc., BRE Group, CLEAN AIR DUCTS LLC, Clean Air
Services, Daikin Industries Ltd., DuraClean, Dyson Group Co., Hawk
Environmental Services Inc., Johnson Controls International Plc.,
Kanomax USA Inc., Neighborly Co.,
Perfect Pollucon Services, Servpro Industries LLC, Spectro
Analytical Labs Pvt. Ltd., Total Comfort Heating and Cooling, and
Trane Technologies Plc.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Apartments
and Standalone houses), Service (Maintenance and Cleaning), and
Geography (North America, Europe, APAC, Middle East and Africa, and
South America)
|
Region
Covered
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Key companies
profiled
|
3M Co., 75F, AAF India
Pvt. Ltd., ALS Ltd., BELFOR Holdings Inc., BRE Group, CLEAN AIR
DUCTS LLC, Clean Air Services, Daikin Industries Ltd., DuraClean,
Dyson Group Co., Hawk Environmental Services Inc., Johnson Controls
International Plc., Kanomax USA Inc., Neighborly Co., Perfect
Pollucon Services, Servpro Industries LLC, Spectro Analytical Labs
Pvt. Ltd., Total Comfort Heating and Cooling, and Trane
Technologies Plc
|
Key Market Trends Fueling Growth
The outsourcing of FM services for residential buildings,
including air quality control, allows building owners to
concentrate on high-priority areas such as energy management and
financial issues. This trend is driven by the increasing
infrastructure development and the benefits of third-party
involvement, which includes risk management, regular system checks,
cost savings, and improved facility appeal. Building owners prefer
outsourcing FM services due to reduced service agreements, lower
operating expenses, and enhanced capacity to handle critical
situations. This outsourcing trend is fueling the growth of the
global residential air quality control services market.
The Residential Air Quality Control Services market is
experiencing significant growth due to increasing awareness about
indoor air pollution. Pollutants such as particulate matter,
volatile organic compounds, and gases like nitrogen oxides and
sulfur dioxide are common concerns. Technologies like carbon
filtration, UV light treatment, and ionization are popular
solutions. Smart home integration is a trend, allowing homeowners
to monitor and control air quality remotely. Energy recovery
ventilation systems are also gaining traction, ensuring proper
ventilation while minimizing energy usage. Additionally, the use of
plant-based air purifiers is on the rise, offering a natural and
cost-effective alternative. Overall, the market is driven by
consumer demand for healthier indoor environments.
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Market Challenges
• The
Residential Air Quality Control Services Market faces challenges
due to rising prices of essential tools and equipment. These
include access tools, inspection tools, hand-cleaning tools, and
various types of vacuums. Equipment such as compressed air vacuums,
liquid surface treatment applicators, and HEPA vacuums also
experience price increases. Vendors may struggle with low profit
margins, leading to potential losses or cost structure revisions.
This situation could potentially deter market growth during the
forecast period.
• The
Residential Air Quality Control Services market faces several
challenges. The use of various materials in construction, such as
concrete and carbon, contributes to poor indoor air quality. Older
homes may have outdated HVAC systems, leading to inadequate
filtration and circulation of clean air. Additionally, factors like
pollution from nearby industries and natural sources, as well as
personal habits like smoking, can negatively impact indoor air
quality. Carbon monoxide and nitrogen oxides are common pollutants
that require special attention. Furthermore, allergens and other
irritants can trigger health issues for sensitive individuals.
Addressing these challenges requires advanced technologies and
effective strategies for air filtration, ventilation, and
purification. Regular maintenance and upgrades to HVAC systems are
essential to ensure optimal indoor air quality.
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challenges - Download a Sample Report
Segment Overview
This residential air quality control services market report
extensively covers market segmentation by
- End-user
- 1.1 Apartments
- 1.2 Standalone houses
- Service
- 2.1 Maintenance
- 2.2 Cleaning
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Apartments- The Residential Air Quality
Control Services Market primarily caters to apartments due to the
centralized HVAC systems used for heating, ventilation, and
cooling. Third-party vendors manage the maintenance and cleaning of
these systems to ensure a healthy atmosphere for occupants. In
2020, the demand for these services increased in apartment
buildings due to the need to revisit HVAC systems and prevent air
recirculation. The market is expected to grow in the apartments
segment as the population living in apartments rises. The
individual households segment, particularly in North America, has a higher adoption rate but
is expected to expand during the forecast period. APAC is still
developing in this segment. In 2020, the demand for maintenance and
cleaning services in apartments increased gradually after the
initial lockdowns.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Residential Air Quality Control Services Market encompasses
solutions aimed at mitigating atmospheric pollution levels within
homes, thereby safeguarding respiratory well being from air
pollution, acid rain, and toxic emissions. This market includes
offerings for SO2, Mercury, and acid gas emissions reduction from
various sources, such as the automotive sector and coal-fired power
plants. Sensor networks and Clean Air Partners play a crucial role
in monitoring indoor air quality, identifying allergens, odors, and
contaminants. Filtration systems and air purifiers are essential
components of residential air quality control services, ensuring
the elimination of indoor pollutants and enhancing overall indoor
air quality. Electrostatic precipitators are another technology
utilized to capture particulate matter, contributing to improved
respiratory health.
Market Research Overview
The Residential Air Quality Control Services Market encompasses
various technologies and solutions designed to enhance indoor air
quality in homes. These services cater to the growing concern for
healthier living environments, particularly in light of increasing
air pollution levels. The market includes a range of offerings such
as air filtration systems, humidification and dehumidification
systems, ventilation solutions, and carbon monoxide detectors.
Additionally, smart home integration and energy efficiency are
emerging trends in the market. The use of advanced sensors and IoT
technology enables real-time monitoring and automated control of
air quality systems. The market is driven by factors such as rising
awareness of indoor air quality, government regulations, and
technological advancements.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Apartments
- Standalone Houses
- Service
-
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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