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The HVAC air quality monitoring market is expected to witness around 5% CAGR through 2032 impelled by increasing awareness regarding the escalating levels of air pollution globally.
Overview
The latest study conducted by Global Market Insights Inc. claims that the global HVAC air quality monitoring market Air pollution has emerged as a serious health hazard leading to several respiratory and cardiovascular diseases as well as premature deaths. Hence, the growing consumer concerns pertaining to the breathing air quality across outdoors and indoors has made way for various effective monitoring solutions. The mounting awareness for tracking & controlling the indoor air quality levels will also propel the product adoption.
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| Required Fields | Format |
|---|---|
| Market Size in 2022 | USD 40 Billion |
| Value Projection by 2032 | USD 70 Billion |
| Compound Annual Growth Rate (CAGR) | 5% |
| Chemical segment CAGR | 5% |
| Industrial application segment in 2022 | USD 1.2 Billion |
| Physical pollutant segment size in 2032 | USD 1.5 Billion |
| Residential segment in 2022 | USD 750 Million |
| Europe Market CAGR | 5% |
| No. Of Tables | 138 |
| Figures & Charts | 32 |
| No. Of Report Pages | 566 |
| Countries covered in the report | U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, India, Japan, South Korea, Oceania, Indonesia, Malaysia, Singapore, Vietnam, Brazil, Mexico, Colombia, UAE, Saudi Arabia, South Africa, Kuwait |
| Segments covered | Product, Pollutant, Application |
| Companies covered in the report | Honeywell, Siemens, PerkinElmer Inc., Teledyne Technologies, Thermo Fisher, Emerson Electric Co., and Agilent. |
Need for limiting physical pollutants in manufacturing plants to drive industry growth
HVAC air quality monitoring market from the physical pollutant segment will surpass USD 1.5 billion by 2032. Excessive exposure to particulate matter (PM) adversely impacts the health of workers causing irritation in the eyes and throat. PM2.5 and PM1.0 particles are known to travel through the lungs leading to several health issues. Hence, air quality monitoring systems are increasingly deployed given their ability to effectively monitor and control PM in manufacturing plants among other industries.
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Increasing application scope in the residential sector to push product demand
The industry size from the residential segment will record over USD 750 million in 2022. The rapid urbanization as well as economic growth in several developing nations has enhanced the standard of living and spending capabilities on luxurious interior decorations that emit VOCs. The significant technological advancements have led to the higher espousal of smart home concepts. The surge in indoor air quality problems caused by high insulation and airtightness will further proliferate the market growth.
Growing burden of asthma to boost European market
The Europe HVAC air quality monitoring market will showcase 5% CAGR from 2023 to 2032. This is due to the growing government intervention to amend the air pollution laws, subsequently driving the need for air quality monitoring systems in Germany. The stringent air pollution limits outlined by the World Health Organization (WHO) have forced several countries, except Germany to reinforce their air pollution laws. The increasing cases of asthma are further compelling German residents to sue the government for air pollution, adding to the regional industry demand.
Influx of new technologies to augment the industry expansion
Some of the major HVAC air quality monitoring market players include Honeywell, Teledyne Technologies, Emerson Electric Co., Siemens, PerkinElmer Inc., Thermo Fisher and Agilent. These firms are working on introducing and deploying innovative technologies to cater to the growing product requirements across various applications.
For instance, MeitY (India), in January 2023, introduced the AI-AQMS v1.0 technology for integration in air quality monitoring systems. The technology helps to monitor environmental pollutants, such as PM 10.0, PM 2.5, PM 1.0, NO2, SO2, O2, CO, relative humidity, and ambient temperature to offer continuous air quality assessment of the environment.
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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It grants subscriber access to a market research report on the HVAC air quality monitoring industry. The report covers historical data, current market sizing, and a multi-year forecast to 2032, with segmentation by product, pollutant, application, and region across major countries.
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