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Indoor Air Quality Meters Market size is set to grow by USD 2.25 billion from 2024-2028, Increased health concerns boost the market, Technavio

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NEW YORK, Aug. 12, 2024 /PRNewswire/ — The global indoor air quality meters market size is estimated to grow by USD 2.25 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  8.8%  during the forecast period. Increased health concerns is driving market growth, with a trend towards increased adoption of green buildings. However, lack of awareness regarding indoor air pollution  poses a challenge. Key market players include 3M Co., Aeroqual Ltd., Airthings ASA, Amphenol Corp., Camfil AB, Daikin Industries Ltd., Emerson Electric Co., Fortive Corp., Honeywell International Inc., IQAir AG, Kanomax USA Inc., NETATMO SAS, Netronix Group, Panasonic Holdings Corp., Parker Hannifin Corp., PCE Holding GmbH, PPM Technology Ltd., RTX Corp., Thermo Fisher Scientific Inc., and TSI Inc..

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Indoor Air Quality Meters Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.8%

Market growth 2024-2028

USD 2256.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.49

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, China, UK, Germany, and South Korea

Key companies profiled

3M Co., Aeroqual Ltd., Airthings ASA, Amphenol Corp., Camfil AB, Daikin Industries Ltd., Emerson Electric Co., Fortive Corp., Honeywell International Inc., IQAir AG, Kanomax USA Inc., NETATMO SAS, Netronix Group, Panasonic Holdings Corp., Parker Hannifin Corp., PCE Holding GmbH, PPM Technology Ltd., RTX Corp., Thermo Fisher Scientific Inc., and TSI Inc.

Market Driver

The global indoor air quality meters market is experiencing growth due to the increasing adoption of green buildings. Indoor air quality is essential for the health, comfort, and productivity of building occupants. Various countries have regulations to monitor local air pollution. Green building technologies, including air quality monitoring, ventilation management, humidity control, and indoor dust and gas level management, are driving market growth. Green buildings, designed with efficient use of resources, are recognized as sustainable and high-performance structures. Green design and construction methodology, such as The Green Globes system, assesses and rates commercial buildings for eco-friendly design. The demand for LEED-certified buildings is also driving the adoption of green methodology in residential and commercial construction. 

Indoor Air Quality (IAQ) meters market is witnessing significant growth due to rising concerns over indoor air pollution and its health impacts. Air pollution, particularly in urban areas, is a major concern, leading to increased public awareness and funding from both public and private sectors. Monitoring stations and advanced Air Quality Management Systems (AQMS) using nanotechnology and chemical sensors are being adopted by government agencies and academic institutes. Industries like petrochemical and power generation are investing in IAQ monitors for employee safety. Smart city authorities are integrating IAQ monitors into their infrastructure for real-time data management. Homeowners are also investing in wireless IAQ monitors for temperature, humidity, ventilation, and pollutants like particulate matter (PM), carbon dioxide (CO2), and allergens. Trends include multi-parameter monitors, wearable monitors, and IoT integration. Pollution levels from industrialization and temperature, humidity, and pollution variations are driving the demand for IAQ monitors. Health impacts such as respiratory diseases, allergies, and asthma are increasing the importance of IAQ monitoring. Smart home systems and smart building technologies are also integrating IAQ monitors for better indoor air management. 

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Market Challenges

Indoor Air Quality (IAQ) meters market is witnessing significant growth due to increasing concerns over indoor air pollution and its health impacts. Key industries like power generation plants and smart city authorities are investing in IAQ monitoring solutions to ensure worker safety and public health. Homeowner end users are also adopting IAQ monitors to protect against allergens, respiratory diseases, and asthma. IAQ challenges include monitoring temperature, humidity, ventilation, particulate matter (PM), carbon dioxide (CO2), and contaminants. Multi-parameter monitors and wireless IAQ monitors are popular solutions. Industrialization and IoT integration are driving innovation in sensor technologies, data analytics, and smart building technologies to address air quality variations. Temperature, humidity, and ventilation are crucial factors, while allergens, pollutants, and pollution levels are major concerns. Health impacts include respiratory diseases, allergies, and asthma. Smart home systems are integrating IAQ monitoring to enhance user comfort and wellbeing.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This indoor air quality meters market report extensively covers market segmentation by  

Product 1.1 Fixed1.2 PortableEnd-user 2.1 Government2.2 Commercial and residential2.3 Energy and pharmaceuticals2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Fixed-  Indoor air quality regulations are still incomplete and fragmented, with regulatory bodies like OSHA addressing the issue and promoting awareness of health concerns arising from poor air quality. The construction of numerous buildings over the past few decades has resulted in a space crunch, leading to poor indoor air quality due to limited cross-ventilation and high moisture content. Indoor air quality meters play a crucial role in detecting pollutant levels, with Corvus’ wall-mountable devices offering wireless communication capabilities and the ability to monitor multiple parameters. PPM Technology’s touchscreen indoor air quality profile monitors enable real-time monitoring of multiple meters and offer features like graphical data viewing, scheduling, reporting, and alarm notifications, making building management more efficient. Volatile organic compounds (VOCs), humidity, temperature, CO₂/CO levels, and particulates are common indoor air quality parameters measured by air quality meters. The reduced cost of measurement devices and sensors has expanded their usage beyond commercial spaces to green buildings and residential areas, driving the global air quality meters market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Global Air Quality Monitor Market is experiencing rapid growth due to rising environmental concerns and stringent regulations. These devices are essential for monitoring pollution levels and ensuring public health safety. The market is segmented by product type, pollutant, end-user, and region. Key players include Thermo Fisher Scientific, Siemens, and Teledyne Technologies. North America and Europe dominate the market, while Asia-Pacific is poised for significant growth. Increasing urbanization and industrial activities, particularly in China and India, are major drivers for the market’s expansion.

Research Analysis

Indoor Air Quality (IAQ) metering market refers to the growing demand for devices and systems that measure and monitor indoor air pollution levels. With increasing public awareness and funding from both public and private sectors, the market for IAQ meters is expanding. Monitoring stations and advanced Air Quality Management Systems (AQMS) are being deployed in various sectors, including academic institutes and government agencies, to study and mitigate outdoor air pollution. Nanotechnology is playing a crucial role in developing sensitive chemical sensors for detecting pollutants such as particulate matter (PM), temperature, and humidity. IAQ meters come in various forms, including indoor monitors, wearable monitors, and fixed IAQ monitors, catering to residential, industrial, and commercial categories. The petrochemical industry is a significant contributor to indoor air pollution, driving the demand for IAQ meters in this sector. Multi-parameter monitors and wireless IAQ monitors are gaining popularity due to their ease of use and real-time data management capabilities. Homeowner end-users are also investing in IAQ meters to ensure a healthy living environment for their families.

Market Research Overview

Indoor Air Quality (IAQ) meters market is witnessing significant growth due to increasing public awareness and funding from both public and private sectors. Air pollution, a major outdoor concern, is also a significant indoor issue leading to health impacts such as respiratory diseases, allergies, and asthma. IAQ meters monitor pollutants like particulate matter (PM), temperature, humidity, carbon dioxide (CO2), and allergens. Advanced Air Quality Monitoring (AQM) systems use nanotechnology, chemical sensors, and multi-parameter monitors for accurate readings. IAQ meters come in various forms including indoor monitors, wearable monitors, and wireless or fixed systems. Industrialization, IoT integration, and smart building technologies are driving the market’s growth. Government agencies, academic institutes, petrochemical industry, power generation plants, smart city authorities, and homeowner end-users are key consumers. Temperature, humidity, ventilation, and pollution levels vary greatly, requiring data management and analytics for effective IAQ monitoring. Sunscreen and smart home systems are emerging trends in the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductFixedPortableEnd-userGovernmentCommercial And ResidentialEnergy And PharmaceuticalsOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

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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Cat® Simulators New Hydraulic Mining Shovel System Builds Operator Skills for Mine Sites

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Simformotion™ LLC, a leader in heavy equipment simulator training solutions, announces the release of the new Cat® Simulators Hydraulic Mining Shovel System.

PEORIA, Ill., Sept. 23, 2024 /PRNewswire-PRWeb/ — Simformotion™ LLC – a leader in heavy equipment simulator training solutions – announces the release of the new Cat® Simulators Hydraulic Mining Shovel System. Operator trainees can utilize the system inside a classroom or at satellite mine locations.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites,” says CEO Lara Aaron.

The hands-on training system is set in a mining environment and teaches learners how to operate the Hydraulic Mining Shovel, including inspecting the machine, spotting and properly loading trucks, and more. Correct, efficient operation increases safety, production and cost savings. Simulation is a safe alternative to using actual machines for heavy equipment operator training. Students and operators can train anytime and anywhere using simulators — no need to take a costly machine out of production, worry about the weather or, most importantly, worry about the operator’s safety.

“The new Hydraulic Mining Shovel simulator system is the cornerstone of our Cat Simulators mining models. The system trains students and operators using authentic Cat controls and teaches applications found on real-world job sites. We often hear of the struggles to find skilled operators. Cat Simulators systems help companies build their own workforce,” says CEO Lara Aaron.

The Cat Simulators Hydraulic Mining Shovel system is available in multiple languages and includes SimU Campus™, a built-in reporting software that records and generates reports of learners’ simulation sessions and compares their performance to Caterpillar benchmarks. The system features authentic Cat controls, a motion system, exclusive walkaround machine inspection training, and a companion SimScholars™ curriculum, making the training package a unique offering.

The companion SimScholars online curriculum is a one-to-one match with the simulator model and can be used in the classroom or for remote learning. It is an interactive, turn-key solution complete with instructor guides, videos, quizzes and more. Integrate the Cat Simulators Hydraulic Mining Shovel system and its curriculum together for a unique, blended learning experience.

For even more training value and for a more immersive experience, add VR Edition. With the VR headset and patented VR Now technology, users experience a larger view of the virtual environment with greater depth perception. The simulator is portable and easy to move from a training room to a trailer to satellite locations.

About Simformotion™ LLC

©Copyright 2024 Simformotion™ LLC is a leader in heavy equipment simulator training solutions. Simulation can help address initiatives such as safety and production; while ensuring training can be delivered anytime day or night, regardless of weather conditions. Cat Simulators are chosen as training solutions in such markets as mining, construction, forestry, government, and trade and vocational schools. Simformotion™ LLC is a licensee of Caterpillar Inc. As used herein, “Simformotion” means Simformotion™ LLC, a Delaware limited liability company.

About Caterpillar Inc.

About Caterpillar Inc. With 2023 sales and revenues of $67.1 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For nearly 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment. Visit us at caterpillar.com or join the conversation on our social media channels at caterpillar.com/en/news/social-media.html.

CAT, CATERPILLAR, LET’S DO THE WORK, their respective logos, “Caterpillar Corporate Yellow,” and the “Power Edge” and “Modern Hex” trade dress, as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission. www.cat.com / www.caterpillar.com Third party trademarks are the property of their respective owners.

Media Contact
Kim Roberts, Simformotion, 1 3096703200, kroberts@simformotion.com, https://simformotion.com/

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GR0 CEO Kevin Miller Snags C-Suite Insiders CEO of the Year Award for Brand Optimization

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GR0 Co-Founder and CEO Kevin Miller Honored for Excellence in Leadership, Innovation, and Industry Impact

LOS ANGELES, Sept. 23, 2024 /PRNewswire-PRWeb/ — Kevin Miller, Co-Founder and CEO of GR0, was awarded CEO of the Year for brand optimization from the prestigious C-Suite Leadership Awards Program. This recognition underscores Miller’s outstanding leadership, innovation, and transformative impact in the digital marketing industry.

Recognized for celebrating excellence in senior executives, the C-Suite Leadership Awards Program highlights remarkable achievements in business. Emphasizing the importance of exceptional leadership, innovation, and industry impact, the program honors high-performing executives who inspire success while shaping the future of their companies.

As Co-Founder and CEO of GR0, Kevin Miller has propelled his company to the forefront of the digital marketing industry. Leveraging extensive expertise from roles at Google and Open Listings, Miller has spearheaded notable successes for GR0, including accolades such as a Platinum dotCOMM award in 2024 and a Best SEO Company award from Clutch in 2021.

Assisting both D2C and B2B clients, GR0 is known for delivering measurable growth and impactful results as a trusted agency for businesses seeking transformative omnichannel digital marketing solutions.

Miller’s dedication to his team and commitment to fostering an exemplary working environment have not gone unnoticed. He was recognized with a Best CEO Award from Glassdoor and was instrumental in GR0 being named a Best Company for Women by Great Place to Work in 2024. These achievements underscore Miller’s holistic approach to leadership, focusing on business success and employee well-being.

For further details on Miller’s remarkable achievements and to explore GR0’s transformative digital marketing strategies, visit GR0’s website.

About GR0: A leading omnichannel digital marketing agency based in Los Angeles, GR0 delivers exceptional growth and impactful results for a diverse clientele. With a record of innovation and recognition in digital marketing, GR0 sets benchmarks and drives success stories for businesses worldwide.

Media Contact

GR0 Agency, GR0, +1 (310) 439-1887, performancepr@gr0.com, gr0.com 

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First Pacific Bank expands its instant payments offerings with Finastra, driving growth

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With Finastra Payments To Go, the bank enhances its payments infrastructure and unlocks new opportunities 

LAKE MARY, Fla., Sept. 23, 2024 /PRNewswire/ — Finastra today announced that First Pacific Bank, a Southern California-based community bank that offers custom financial solutions for individuals and businesses, has selected Finastra Payments To Go to modernize its payments infrastructure. The cloud-based, SaaS payments hub solution will help the bank to deliver FedNow send and receive services 24/7, support ISO 20022 compliance, and enable its projected growth. 

As part of Finastra’s commitment to Open Finance, Payments To Go offers seamless connectivity to other software providers, fintechs, and financial institutions, giving banks the flexibility needed to deploy modern and agile payment solutions quickly and efficiently.

“Our selection of Payments To Go was driven by the need for a robust instant payments platform that supports our growth and innovation plans, particularly as we expand our commercial business,” said Sharokin Badal, SVP, Director of Deposit and Treasury Services at First Pacific Bank. “With Finastra, our customers will benefit from additional payment offerings, enabling better cash flow and financial management. The modernity and scalability of Payments To Go, along with its seamless integration with our existing vendors, make it the ideal solution.”

Deployed on Microsoft Azure cloud, Payments To Go provides the bank with the agility needed to offer new and innovative payments rails, including FedNow Service. As one of the first software providers in the industry to complete certification for the FedNow Service and ISO 20022 compliance, Finastra is well-positioned to provide financial institutions with the ability to deliver instant payment services around the clock, with more than 200 customers across the US able to launch FedNow Service through its solutions.

“Our payments as a service solution provides First Pacific Bank with a modern infrastructure that enables scalability and an enhanced customer experience,” said Radha Suvarna, Chief Product Officer, Payments at Finastra. “We’re pleased that the bank selected us to not just prepare them for regulatory and compliance requirements, but to support the team as they meet the moment to unlock new opportunities in payments innovation.”

“Readiness for both ISO 20022 messaging standards for Fedwire and the FedNow Service are critically important for community-based financial institutions to stay competitive and compliant as the instant payments space continues to evolve,” said Erika Baumann, Director Commercial Banking and Payments at Datos Insights. “By aligning with global standards and embracing new payment rails, community banks are well positioned to improve their offerings.”

To learn more about Payments To Go, visit Finastra at Sibos 2024 on stand G30.

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

About First Pacific Bank
First Pacific Bank is a wholly owned subsidiary of First Pacific Bancorp (OTC Pink: FPBC) and is a growing community bank catering to individuals, professionals, and small-to-medium sized businesses throughout Southern California. With a history that spans 17 years, the Bank offers a personalized approach, access to decision makers, a broad range of solutions, and a commitment to delivering an exceptional customer experience. First Pacific Bank operates locations in Los Angeles County, Orange County, San Diego County, and the Inland Empire. For more information, visit firstpacbank.com or call 888.BNK.AT.FPB.

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