HVAC Air Quality Monitoring Market is segmented By Product Type (Portable and Stationary), By Pollutant (Chemical, Biological, and Physical), and By Application (Institutional, Industrial, Commercial, and Residential) and Region (United States, Canada, Mexico, South America, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, South Africa, Rest of World)
Air pollution has been linked to the development and exacerbation of various ailments, including asthma, cancer, pulmonary disorders, and heart disease. Globally, the rise in air pollution levels has resulted in stringent government laws requiring adequate air pollution monitoring and control. The requirement to maintain acceptable air quality has increased the demand for air quality monitors, as dirty air includes various hazardous contaminants that can cause health issues. These hazardous pollutants are discharged into the air due to industrial emissions, automobile emissions, and the burning of fossil fuels in residential areas.
HVAC Air Quality Monitoring Market size was estimated at $4.36 billion in 2021 and is expected to reach $9.91 billion by 2031, growing at a CAGR of 6.8% during the forecast period of 2022 to 2031.
HVAC systems are critical components of residential structures such as single-family homes, residential buildings, restaurants, assisted living facilities, and medium- to large-scale industrial and office houses, where safe and healthy building conditions are maintained through the use of outside air. A monitoring system for air quality is a device that monitors wind speed, direction, and other meteorological data, as well as the concentration of air pollutants such as SO2, CO, and O3.
Globally, the rise in air pollution levels has resulted in stringent government laws requiring adequate air pollution monitoring and control. Concerns about growing levels of air pollution have prompted different sectors to take steps toward the development of environmentally friendly technologies and procedures. Environmentally friendly regulations implemented by companies and governments alike, as well as growing public awareness about the harmful impacts of air pollution on human health and the environment, are some of the markets significant drivers. Additionally, the HVAC air quality monitoring market is supported by the growing popularity of green buildings due to increased awareness about the health and environmental consequences of indoor air pollution. Governments and regulatory organizations in several wealthy nations, in particular, have enacted stringent laws for indoor air quality control.
However, technical constraints and high product costs are expected to act as significant restraints on the growth of heating, ventilating, and air conditioning (HVAC) air quality monitoring during the forecasted period. In contrast, a lack of awareness about HVAC air quality monitoring among the general public may threaten the heating, ventilating, and air conditioning (HVAC) air quality monitoring market.
HVAC Air Quality Monitoring Market Growth and Trend
The increasing popularity of green buildings and environmentally friendly businesses and the growing environmental and health consequences of indoor pollution are the primary drivers of the HVAC air quality monitoring market. Governments and organizations of industrialized nations have created rules that assist HVAC indoor air quality control.
Additionally, the growing concern for healthcare among the youthful population is expected to boost the HVAC air quality monitoring market. Moreover, favorable public and private activities for protecting the environment and public awareness and an increase in air pollution levels are expected to have a beneficial effect on the markets growth. Consequently, air quality monitoring and control regulations and the growing popularity of green buildings and environmentally-friendly industries are expected to increase demand for heating, ventilating, and air conditioning (HVAC) air quality monitoring, thereby boosting the markets growth.
Similarly, rapid technological advances in air pollution monitoring, industrialization, and exponential rise in the petrochemical and power generation industries are anticipated to build a plethora of opportunities. This will drive the heating, ventilating, and air conditioning (HVAC) air quality monitoring market during the forecast years.
HVAC Air Quality Monitoring Market Segmentation
The HVAC air quality monitoring market is segmented by product type, pollutant, and application. Based on product type, the market consists of portable and stationary. Based on pollutant, the market is segmented into chemical, biological, and physical. Based on application, the market is divided into institutional, industrial, commercial, and residential
HVAC Air Quality Monitoring Market Country Analysis
Europe accounted for the largest revenue market and is expected to continue to do so throughout the forecast period, owing to the growing adoption of air monitoring technologies, increased public awareness, and investments made by both the public and private sectors in pollution and technological development research and development. Asia Pacific will see significant expansions in HVAC air quality monitoring due to the government and private sectors focus on resolving issues caused by industrial particle pollution and the necessity to monitor ambient air quality. The Middle East and Africa are expected to contribute significantly to the HVAC air quality monitoring market size, owing to government initiatives to manufacture indoor quality monitoring products widely employed in innovative city structures. North America and Latin America have enormous growth potential and are projected to significantly contribute to the HVAC air quality monitoring markets profits over the next decade.
HVAC Air Quality Monitoring Market Share and Competition
The major players operating in the global HVAC air quality monitoring market are Oizom Instruments, Honeywell International, Emerson Electric, Air Monitors, Aeroqual, Rave Innovations, 3M Company, Thermo Fisher Scientific, Testo, Siemens, TSI Incorporated, and Forbix Semicon.
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Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2022 - 2031)
Pollutant Analysis (Revenue, USD Million, 2022 - 2031)
Application Analysis (Revenue, USD Million, 2022 - 2031)
Region Analysis (Revenue, USD Million, 2022 – 2031)
• North America
o United States
• South America
o United Kingdom
• Asia Pacific
o South Korea
• Middle East
o GCC C ountries
o South Korea
• South Africa
• Rest of World
HVAC Air Quality Monitoring Market Companies
• Oizom Instruments
• Honeywell International
• Emerson Electric
• Air Monitors
• Rave Innovations
• 3M Company
• Thermo Fisher Scientific
• TSI Incorporated
• Forbix Semicon
• United States HVAC Air Quality Monitoring Industry Research Report
• Europe HVAC Air Quality Monitoring Industry Research Report
• Asia Pacific HVAC Air Quality Monitoring Industry Research Report
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