Global Residential Air Quality Control Services Market 2017-2021
About Residential Air Quality Control Services
Facility management (FM) is the integration of all the processes that maintain and support the operations of a facility. These services are generally outsourced from a vendor taking responsibility to maintain the operation of assets and facilities. Cleaning service is a part of soft services under FM services. Scheduled maintenance and cleaning of heating, cooling, and ventilation systems are major factors to maintain and control residential air quality.
Technavio’s analysts forecast the global residential air quality control services market to grow at a CAGR of 9.39% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global residential air quality control services market for 2017-2021. To calculate the market size, the report considers revenue of residential air quality services which includes revenue from cleaning and maintenance services in the residential sector.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Residential Air Quality Control Services Market 2017-2021
Technavio recognizes the following companies as the key players in the global residential air quality control services market: ADEN Services, Air Duct Clean, Duraclean, ISS, and Trane.
Other Prominent Vendors in the market are: ADS | Facility Management, Anago Cleaning Systems, Avon, BELFOR, Harvard Maintenance, Milliken, ServPro, Sunrise Integrated Facility, and V FIX Facility Management Services.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased level of outsourcing facility management services. Outsourcing FM services for cleaning purpose help the building owners to focus their services on other amenities which are more cost-driven and needs acute management of experts such as energy management of the buildings as well as financial issues. The other non-profitable processes are generally offered to third-party vendors in their respective fields.”
According to the report, one driver in the market is rising demand for well-maintained infrastructure. The increase in investments in the real estate sector is driving the global air quality control services market in the residential sector. The US and a major part of the European region have already attained their maturity level in the real estate sector, whereas APAC will foresee development in the sector during the forecast period. The rise in constructional activities raises the presence of pollutants in turn affecting both outdoor and indoor air quality.
Further, the report states that one challenge in the market is rising labor cost. The residential air quality control services market is more prominent in North America. However, the rising labor costs have become a major issue for vendors. These services require human resources such as professional supervisors, skilled technicians, and unskilled labor. However, these issues arise when resources switch to other vendors for better payments. It often becomes difficult to keep a hold of the existing staff and maintain the required staff level.
ADEN Services, Air Duct Clean, Duraclean, ISS, Trane, ADS | Facility Management, Anago Cleaning Systems, Avon, BELFOR, Harvard Maintenance, Milliken, ServPro, Sunrise Integrated Facility, and V FIX Facility Management Services.
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