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HVAC Air Quality Monitoring Market Size

Report ID: GMI3153
Published Date: Apr 2023
Report Format: PDF

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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.

HVAC Air Quality Monitoring Market

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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.

HVAC Air Quality Monitoring Market Report Attributes
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:	Growing installation of indoor air quality monitors Rising adoption of sensors in air quality monitors for the commercial and household sectors Increasing awareness of rising air pollution Surging need for smart home appliances Government regulations on sustainable appliances
Pitfalls & Challenges:	High cost of product installation The use of advanced technology for air quality measurement is still limited

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Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of HVAC air quality monitoring exceeded USD 40 billion in 2022 and will observe 5% CAGR from 2023 to 2032 due to the surging focus on facilitating enhanced health & well-being of occupants across the commercial and residential sectors.

The industry valuation from industrial applications reached over USD 1.2 billion in 2022 with the rising activities across chemical plants and mines.

North America HVAC air quality monitoring industry size in is poised to reach USD 1.6 billion 2032 owing to the increasing number of government initiatives for improving air quality monitoring in the U.S.

Honeywell, Siemens, PerkinElmer Inc., Teledyne Technologies, Thermo Fisher, Emerson Electric Co., and Agilent are the major players operating in the industry’s competitive landscape.