Top 3 Emerging Trends
Indoor Air Quality (IAQ) systems are increasingly being used by companies across various sectors to avoid health issues and increase operational efficiency.
A recent report by Technavio titled, ‘Global Indoor Air Quality (IAQ) Market’ has focused on the key trends expected to impact the market through 2016-2020. Technavio states an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to the report, the global IAQ market is expected to exceed US$ 5.2 billion by 2020, growing at a CAGR of over 8%. IAQ monitoring equipment helps in improving ventilation, disinfect microbiological contamination, and remove dust or harmful gases released by indoor equipment, tobacco smoke, and any particle of outside air pollution.
In the words of Vishu Rai, Lead Analyst, Technavio for Power Research, “IAQ systems are increasingly being used by companies across various sectors to avoid health issues and increase operational efficiency. This, in turn, is likely to result in the steady growth of the global IAQ market.”
The top three emerging trends influencing the global indoor air quality market according to Technavio’s energy research analysts are:
Advanced HVAC system
The quality of equipment that is designed to improve the indoor air has been growing at a rapid pace. For instance, the Heating, Ventilating, and Air Conditioning (HVAC) system is an apparatus that heats, cools, regulates and controls the outdoor air – and also checks for humidity. Advanced HVAC controls are focused on components such as sensors, field devices, and floor level controllers to effectively manage indoor air.
For a healthy working and living environment, it is important that all the buildings have a constant supply of outdoor air. This air may need to be heated or cooled depending upon the outdoor conditions, available space for distribution, and also the specific ventilation requirements of the buildings. Indoor air contains various contaminants such as Volatile Organic Compounds (VOC), bio-aerosols, tobacco, and combustion products. Elimination of such products and proper maintenance ensure good air quality.
Architects or builders contribute significantly to the growth of the global IAQ market, as it is the design and architecture of the building that significantly streamlines the flow of air within a building. The building design can also facilitate in retaining the quality of indoor air. The rise in awareness about IAQ has driven various builders to undertake initiatives to propose novel ideas for IAQ management.
Thus, during the construction of a house or any building, adequate steps for IAQ control can be taken by the house or building owner. As it addresses many health concerns by providing a protective and safe environment for the occupants of the building, it results in cost savings from expenses that would otherwise have arisen due to health issues. Thus, the initiative of installing IAQ products by builders is one of the major positive trends being observed in the market.
Various technologies are being developed to assess the IAQ of a building. These include smart, responsive systems for ventilations such as computational fluid dynamics that integrate the air quality and risk assessment management models. Computerised simulation, advanced sensor technology, and micro-engineered machines are some of the advanced technologies used to improve IAQ models.
“Many players are investing in such technologies to improve their product portfolio. Companies; such as Samsung; are participating in intensive R&D to create gas sensors,” says Vishu. Chinese smartphone manufacturers are likely to be the early adopters of air quality sensors. These developments are predicted to have a positive impact on the market.
As per the analysts from Technavio, some of the top vendors in the global indoor air quality market, as researched by are: 3M, Carrier, Trane and TSI.
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