HVAC Air Quality Monitoring Market Size, Growth & Trend Analysis 2020-2025
Category: #headlines  By Rahul Varpe  Date: 2020-05-19
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HVAC Air Quality Monitoring Market Size, Growth & Trend Analysis 2020-2025

The HVAC Air Quality Monitoring Market study focuses major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure. 

The size of hvac air quality monitoring market was registered at USD 3.5 billion in the year 2018 and is anticipated to cross USD 6 billion by 2025. Between the period 2019- 2025, the HVAC air quality monitoring market is expected to register a CAGR of 7%. Rising worldwide pollution concerns have led to many green initiatives such as green building, green energy, etc. Along with new sustainable development goals 2030 into effect all across the globe, the product demand will escalate in near future.

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Emerging economies from Latin America and Asia-pacific contribute to major portion of global pollution. Rapid industrialization and urbanization activities in these regions have degraded the indoor air quality to hazardous level. While governments in these regions are now focused to formulate strong regulations and strengthen to the indoor air quality controlling & monitoring. However, high product cost and limited public awareness can restrain the growth of HVAC air quality monitoring market over forecast timeframe. Based on product, the market is segmented into portable and stationary HVAC air quality monitors.

The portable segment will witness an annual growth rate of around 6.5% over the forecast time period. Portable HVAC air quality monitors are mainly used in short term air quality studies, site air quality surveys and short-term fixed monitoring applications. These equipment measure indoor pollutants, industrial gases, particulate matter (PM10, PM2.5), temperature and relative humidity. On the basis of pollutants, the market is categorized into chemical, biological & physical pollutants. Among these, physical pollutants are likely to witness a CAGR of around 7% from 2019 to 2025. Physical pollutants are discarded material to the environment in form of trash, mainly from industries and residential sectors.

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Europe is likely to showcase growth rate of a little over 6.5% from 2019 to 2025 in global HVAC air quality monitoring market. High public awareness, rising investments for technological developments and extensive regulations implemented for indoor air quality controlling & monitoring in the region will propel the product market in near future.

Some of the prominent players in HVAC Air Quality Monitoring market are the Honeywell, 3M Company, Siemens, Testo, Biovac System Thermo Fisher, Emerson Electric Co., TSI Incorporated, Aeroqual, Air Monitors.a

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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