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HVAC Air Quality Monitoring Market Study by Current Trends & Future Prospects to 2025
HVAC Air Quality Monitoring Market
Emerging economies from Latin America and Asia-pacific contribute to major portion of global pollution. Rapid industrialization and urbanization activities in these regions have degraded the indoor air quality to hazardous level. While governments in these regions are now focused to formulate strong regulations and strengthen to the indoor air quality controlling & monitoring. However, high product cost and limited public awareness can restrain the growth of HVAC air quality monitoring market over forecast timeframe.
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HVAC Air Quality Monitoring Market in Europe is likely to showcase growth rate of a little over 6.5% from 2019 to 2025. High public awareness, rising investments for technological developments and extensive regulations implemented for indoor air quality controlling & monitoring in the region will propel the product market in near future.
Rising worldwide pollution concerns have led to many green initiatives such as green building, green energy, etc. Along with new sustainable development goals 2030 into effect all across the globe, the HVAC air quality monitoring market demand will escalate in near future. Also, increasing pollution is likely to affect the indoor air quality leading to formation of biological impurities such as fungi and molds causing asthma and other allergic responses, that can affect an individual's health. Many global associations & organizations have framed strict regulations for monitoring indoor air quality.
The Department of Health in England has asked NICE (National Institute for health and Care Excellence) to develop guidance on indoor air pollution. This is likely to monitor pollutants from furnishing & cleaning products, building materials and other activities such as cooking and smoking as pollutants from such activities are subject to temporal and spatial variations, thus making indoor air quality monitoring essential in coming years.
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The institutional sector will generate around USD 1.5 billion for HVAC air quality monitoring market in 2025, showing an incremental growth rate throughout forecast time period. Institutional sector comprises of hospitals, schools, colleges, public auditoriums etc. Developing economies are investing more for social infrastructures to improve the human development index, bolstering the HVAC air quality monitor demand over the forecast timeframe.
Some of the prominent players in HVAC Air Quality Monitoring market are:
• Honeywell
• 3M Company
• Siemens
• Testo
• Biovac System Thermo Fisher
• Emerson Electric Co.
• TSI Incorporated
• Aeroqual
• Air Monitors
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