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Residential Air Quality Control Services Industry Review 2014-2024 and Forecast to 2030, Featuring Profiles of 42 Major Players - Johnson Controls Int'l, BRE Group, Harvard Maintenance & More
Johnson ControlsJohnson Controls(US:JCI) GlobeNewswire News Roomยท2024-11-01 11:33

Core Insights - The global market for Residential Air Quality Control Services is projected to grow from US$4.9 Billion in 2023 to US$7.8 Billion by 2030, with a CAGR of 7.0% [2][10]. - Key drivers of market growth include increased consumer awareness of air quality's impact on health, technological advancements, and regulatory changes [5][7]. Market Trends - Consumer behavior is significantly influencing demand, with heightened awareness of air quality linked to health concerns, especially post-COVID-19 [3][4]. - There is a growing preference for eco-friendly and energy-efficient air quality control systems, driven by increased time spent at home [4]. - The adoption of smart home technologies is making air quality control systems more accessible and integrated [5]. Market Segmentation - The Apartments End-Use segment is expected to reach US$6.4 Billion by 2030, growing at a CAGR of 7.1%, while the Standalone Houses segment is projected to grow at 6.6% CAGR [8]. - The U.S. market was estimated at US$1.3 Billion in 2023, with China also forecasted to grow at 6.8% CAGR to reach US$1.3 Billion by 2030 [8]. Competitive Landscape - Major players in the market include Anacon Laboratories, BRE Group, CLEAN AIR DUCTS LLC, and Johnson Controls International PLC, among others [10]. - The report features comprehensive market data, including annual sales and forecasts from 2023 to 2030, and detailed regional analysis [9]. Technological Innovations - Innovations in HEPA and activated carbon filters are enhancing the performance of air quality control systems [11]. - The integration of IoT and AI in air quality control devices is expanding the market for smart air purifiers [11].