HVAC Air Quality Monitoring Market Size By Product (Portable, Stationary), By Pollutant (Chemical, Physical {Particulate Matter[PM10, PM2.5, PM1, TSP]}, Biological), By Application (Industrial, Commercial, Institutional, Residential) & Forecast, 2023 - 2032
Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery
Publisher : MIR | Format : PDF&Excel
HVAC Air Quality Monitoring Market Size By Product (Portable, Stationary), By Pollutant (Chemical, Physical {Particulate Matter[PM10, PM2.5, PM1, TSP]}, Biological), By Application (Industrial, Commercial, Institutional, Residential) & Forecast, 2023 - 2032
HVAC Air Quality Monitoring Market Size
HVAC Air Quality Monitoring Market size surpassed USD 40 billion in 2022 and is anticipated to register 5% CAGR from 2023 to 2032 attributed to the surging installation rate of indoor air quality monitors.
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The increasing focus on facilitating enhanced health & well-being of occupants across the commercial and residential sectors has spurred the need for improving the overall air quality. Thus, the adoption of indoor air quality monitors is gaining significant momentum as they offer real-time data on air quality while assisting building owners and managers in identifying potential problems for taking appropriate actions for ensuring the proper functioning of the HVAC systems.
Report Attribute | Details |
---|---|
Base Year | 2022 |
HVAC Air Quality Monitoring Market Size in 2022 | USD 40 billion |
Forecast Period | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR | 5% |
2032 Value Projection | USD 70 billion |
Historical Data for | 2018 to 2022 |
No. of Pages | 138 |
Tables, Charts & Figures | 598 |
Segments covered | Product, Pollutant, Application |
Growth Drivers |
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Pitfalls & Challenges |
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Escalating installation costs to restrict product espousal
Higher prices incurred during fitting of these systems may pose as a considerable challenge for the HVAC air quality monitoring market expansion. The ordination process of air quality monitors is complex as it requires specialized equipment and professional expertise. This has led to the significantly increased cost of installation, turning the monitors prohibitively expensive for customers.
HVAC Air Quality Monitoring Market Analysis
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HVAC air quality monitoring market size from the chemical segment is poised to register 5% growth during 2023-2032. The surging levels of chemical air pollutants and their subsequent awareness across the globe are adding to the increased need of air quality monitoring systems in the chemical sector. These systems detect all the chemical pollutants harming the environment and human health, including volatile organic compounds (VOCs), CO2, and heavy metals released by several modes of transportation. The increasing prominence of trains, ships, and airplanes along with the subsequently rising rate of pollutants will drive the product preference.
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HVAC air quality monitoring market valuation from industrial applications had reached over USD 1.2 billion revenue in 2022. The increasing activities across chemical plants and mines have contributed to the presence of rising concentrations of harmful pollutants, further necessitating air quality monitoring. Several pollutants, including VOCs and NOx & Cox are largely emitted by volatile chemical product usage, construction materials, and industrial processes. The thriving concerns regarding the accumulation of chemical pollutants driven by insufficient ventilation facilities leading to adverse impacts on health of workers will further push the product demand.
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North America HVAC air quality monitoring industry is slated to exceed USD 1.6 billion by of 2032. The growth can be mainly credited to the increasing number of government initiatives to improve air quality monitoring in the U.S. For instance, the U.S. Environmental Protection Agency (EPA), in November 2022, secured USD 53.4 million from the president’s Inflation Reduction Act and American Rescue Plan for spearhing nearly 132 air monitoring projects across 37 states. Besides helping in improving the air quality monitoring within the country, the projects focused on individuals that are marginalized, underserved, and heavily affected by the pollution.
HVAC Air Quality Monitoring Market Share
Some of the leading industry players include
- Honeywell
- Siemens
- PerkinElmer Inc
- Teledyne Technologies
- Thermo Fisher
- Emerson Electric Co.,
- Agilent.
These firms are working on new product launches, partnerships, acquisitions, and capacity expansions to increase their global presence and attain competitive edges. For instance, Honeywell, in February 2022, unveiled a new indoor air quality monitor for measuring important IAQ parameters, including relative humidity and temperature & indoor air pollutants. The new device offers indexed results to assess the health of the indoor environment along with detecting improvement opportunities.
This market research report on HVAC air quality monitoring includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments
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Market, By Product
- Portable
- PM Sensor
- Other
- Stationary
Market, By Pollutant
- Chemical
- NOx
- SOx
- COx
- VOCs
- Others
- Physical
- Particulate matter
- PM10
- PM2.5
- PM1
- TSP
- Others
- Particulate matter
- Biological
Market, By Application
- Industrial
- Commercial
- Institutional
- Residential
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Oceania
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Latin America
- Brazil
- Mexico
- Colombia
- MEA
- UAE
- Saudi Arabia
- South Africa
- Kuwait
Table of Content
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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )