Expecting to Grow at CAGR of more than 5%
Technavio, a tech-focused market research firm, has published a new report on the global indoor air quality market, which is expected to grow at a CAGR of more than 5% during the forecast period 2017-2021...
Top three contributors for the global indoor air quality market are elaborated below:
Indoor air quality market in the Americas: Increasing health awareness and government regulations are the major driving forces behind growth of the indoor air quality market in this region. The Government regulations such as OSHA and the American society of heating, refrigerating and air conditioning engineers (ASHRAE) in the US focus on improving indoor air quality. Industry analysts at Technavio estimate the indoor air quality market in the Americas to account for a revenue of around USD 11 billion by 2021.
According to Technavio, “The US EPA has introduced a mobile app, especially for schools, to assess the indoor air quality. This app addresses critical air quality issues, such as ventilation, environmental asthma triggers, integrated pest management, and radon.”
Indoor air quality market in EMEA: Guidelines issued in countries such as the UK and Germany with respect to the control of indoor air pollutants is one of the fundamental driving forces for the growth of the indoor air quality market in EMEA. The European Union has taken certain measures to reduce the level of indoor air pollutants. For instance, currently, seventeen countries in the European Union have smoke-free laws. Certain countries, including the UK, Ireland, Greece, Malta, Bulgaria, Hungary, and Spain, have strict provisions, with a complete ban on smoking in public transport and enclosed public places.
Indoor air quality market in APAC: Non-governmental organizations, such as the Asia-Pacific Research Center for Indoor Environment (APARCIE) develop indoor air cleaning systems, conduct health risk assessments, and support institutions to meet the monitoring standards of indoor air quality. They operate in countries, such as Cambodia, India, Indonesia, Laos, Mongolia, Nepal, Thailand, and Vietnam. APARCIE is also focusing on the sick house syndrome and asbestos, balancing the indoor air quality and the economic criteria. The indoor air quality market in APAC is projected to experience steady growth in the coming years to account for a revenue of more than USD 7 billion by 2021.
The leading vendors operating in the global indoor air quality market are:
Other prominent vendors in the market include Camfil, Clarcor, Fluke, Aprilaire, Filtration, Lennox International, FloCore, and Bluepoint Environmental.