20-Jan-2021 | Zion Market Research
As per Zion Market Research, the global HVAC air quality monitoring market was capitalized more than USD 3.9 billion in 2019 and the market will develop at a CAGR of almost 6.9% by the end o 2025. The major players active in the global market are Emerson Electric Co., M Company, Siemens Ltd., Testo Ltd., Thermo Fisher Scientific, Honeywell International Inc., Aeroqual Ltd., TSI Incorporated, Biovac System Inc., Air Monitors, Forbix Semicon, Kanomax USA, Inc., Dylos Corporation, Ventilation Control Products, and Veris Industries.
Increasing Popularity Of Environment Friendly Sectors And Green Buildings To Power The Growth Of The Global Market
Increasing popularity of environment friendly sectors and green buildings owing to rising healthcare and environmental implications of indoor pollution are the major reasons responsible for the growth of the towards HVAC air quality monitoring market. Associations and government of developed countries have created supportive laws for HVAC indoor air quality control. For example, The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) and Indoor Air Quality Association (IAQA) have presented a guide for inspection of mold growth and moisture intrusion in educational hubs. It is essential as biological contaminants such as fungi and molds will activate allergic response and asthma in people. Leadership in Energy and Environmental Design (LEED), which is the rating system for green building employed in 165 nations all over the world, employ ASHRAE laws to calculate quality of indoor air. Almost 20.2% of Manhattan offices in 2016 were verified by LEED in comparison to 0.3% in 2006, and all of them are employing such goods to obey certification needs. In different industrial industries air quality monitoring is also turning out to be essential. In the US it is monitored by HACCP (Hazard Analysis and Critical Control Points), which is a system via which food security is guaranteed by controlling and identifying the physical, chemical, and biological pollutants in food & beverage industry. It is anticipated that with increasing levels of pollution and rising private & public investments for effectual indoor air quality monitoring, the growth of the global market will increase over the years to come.
Europe To Maintain Its Dominance Over The Global Market In The Years To Come
The HVAC air quality monitoring market in Europe clocked an income of over USD 1.2 billion in 2019 and will display a solid development in years to come. Europe has a proven construction sector, with rising public awareness about such goods and penetration of air quality monitoring techs. Germany is projected to command the market in this area owing to noteworthy attendance of sectors and increasing number of green buildings.
Browse the full “HVAC Air Quality Monitoring Market Size By Pollutant (Physical, Chemical, Biological), By Product (Stationary, Portable), By Application (Commercial, Industrial, Residential, Institutional) - Global Industry Perspective, Comprehensive Analysis, And Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/hvac-air-quality-monitoring-market
The global HVAC air quality monitoring market is segmented as follows:
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