Indoor air quality: Key market research findings
- Use of advanced HVAC system
- Technological advancements and improvements
Technavio has released a new market research report on the global indoor air quality market, which is expected to grow at a CAGR of 8% between 2016 and 2020. Factors that determine indoor air quality (IAQ) include buildings with inadequate ventilation, locality of the structure, its design and construction, the number of occupants, and lack of maintenance. IAQ management and monitoring processes incorporate technologies that can improve the quality of indoor air by accurately monitoring the moisture level, detecting pollutants, and improving ventilation of the buildings. The Americas lead the global indoor air quality market, accounting for 41% of the overall market share. Increasing awareness and government regulations, such as OSHA and American Society of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE), are major driving forces for this region’s growth.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Indoor air contains various contaminants such as VOC, bio-aerosols, tobacco, and combustion products, and this has necessitated the use of advanced HVAC equipment to improve the indoor air. Advanced HVAC controls are focused on components such as sensors, field devices, and floor level controllers to effectively manage indoor air. They offer several advantages such as energy saving, comfort control, programmable thermostat and better ventilation,” says Vishu Rai, Lead Analyst, Energy, Technavio Research
Various technologies such as computerized simulation, advanced sensor technology, and micro-engineered machines are being developed to assess the IAQ of a building. These technologies also include smart, responsive systems for ventilations such as computational fluid dynamics that integrate the air quality and risk assessment management models. Moreover, many players are also investing in such technologies to improve their product portfolio.
The key players in the global indoor air quality market are 3M, Carrier, Trane and TSI. The market is highly fragmented and has a large number of vendors. Several developing nations have the dominance of regional vendors because they provide cost-effective products and services with limited features and functionalities. Competition in the market is expected to intensify during the forecast period with the growth in product extensions and technological innovations.
A more detailed analysis is available in the Technavio report, Global Indoor Air Quality Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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