HVAC Air Quality Monitoring Market to hit $70 Bn by 2032

HVAC Air Quality Monitoring Market size is projected to reach USD 70 billion by 2032, according to the recent research report by Global Market Insights, Inc.
 

The rising awareness regarding the escalating levels of air pollution across the globe will anchor the industry growth. Air pollution has emerged as a serious health hazard leading to several respiratory and cardiovascular diseases as well as premature deaths. Hence, the growing consumer concerns pertaining to the breathing air quality across outdoors and indoors has made way for various effective monitoring solutions. The mounting awareness for tracking & controlling the indoor air quality levels will also propel the adoption of HVAC air quality monitors.
 

Need for limiting physical pollutants in manufacturing plants to drive industry growth

HVAC air quality monitoring market from the physical pollutant segment will surpass USD 1.5 billion by 2032. Excessive exposure to particulate matter (PM) adversely impacts the health of workers causing irritation in the eyes and throat. PM2.5 and PM1.0 particles are known to travel through the lungs leading to several health issues. Hence, air quality monitoring systems are increasingly deployed given their ability to effectively monitor and control PM in manufacturing plants among other industries. For instance, Bosch Sensortec, in January 2023, introduced the smallest PM2.5 measurement sensor worldwide, BMV080, integrated with ultra-compact IoT devices for providing accurate actionable data.
 

Increasing application scope in the residential sector to push product demand

The industry size from the residential segment will record over USD 750 million in 2022. The rapid urbanization as well as economic growth in several developing nations has enhanced the standard of living and spending capabilities on luxurious interior decorations that emit VOCs. The significant technological advancements have led to the higher espousal of smart home concepts. The surge in indoor air quality problems caused by high insulation and airtightness will further proliferate the market growth.
 

Browse key industry insights spread across 138 pages with 566 market data tables & 32 figures & charts from the report, “HVAC Air Quality Monitoring Market Size By Product (Portable, Stationary), By Pollutant (Chemical, Physical, Biological), By Application (Industrial, Commercial, Institutional, Residential), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/hvac-air-quality-monitoring-market
 

Growing burden of asthma to boost European market

The Europe HVAC air quality monitoring market will showcase 5% CAGR from 2023 to 2032. This is due to the growing government intervention to amend the air pollution laws, subsequently driving the need for air quality monitoring systems in Germany. The stringent air pollution limits outlined by the World Health Organization (WHO) have forced several countries, except Germany to reinforce their air pollution laws. The increasing cases of asthma are further compelling German residents to sue the government for air pollution, adding to the regional industry demand
 

Influx of new technologies to augment the industry expansion

Some of the major HVAC air quality monitoring market players include Honeywell, Teledyne Technologies, Emerson Electric Co., Siemens, PerkinElmer Inc., Thermo Fisher and Agilent. These firms are working on introducing and deploying innovative technologies to cater to the growing product requirements across various applications.

For instance, MeitY (India), in January 2023, introduced the AI-AQMS v1.0 technology for integration in air quality monitoring systems. The technology helps to monitor environmental pollutants, such as PM 10.0, PM 2.5, PM 1.0, NO2, SO2, O2, CO, relative humidity, and ambient temperature to offer continuous air quality assessment of the environment.