Indoor Environmental, Air Quality Technologies Market to Exceed $7bn by 2024
The market for indoor environmental and air quality (IEAQ) technologies used in new construction and retrofit applications is expected to grow from $4.2 billion in 2015 to $7.1 billion by 2024, according to a new report from Navigant Research.
Healthy and environmentally friendly buildings rely on good IEAQ to maintain the wellness and productivity of their occupants. Related IEAQ technologies measure and verify ventilation and moisture management, indicating whether appropriate conditions have been achieved and maintained indoors. The most sophisticated IEAQ systems integrate with building energy management systems (BEMSs) and heating, ventilation and air conditioning (HVAC) systems to improve IEAQ without increasing the carbon footprint or compromising energy efficiency.
While the meaning of good IEAQ has traditionally been restricted to the volume of outdoor air circulated in a room, many technologies now improve conditions indoors while lowering ventilation volumes and the energy used to ventilate a building. Specific technologies covered in the report include carbon dioxide (CO2) sensors, demand-controlled ventilation, energy recovery ventilators, dedicated outdoor air systems, ultraviolet germicidal irradiation and displacement ventilation, all of which have growing markets.
The IEAQ market will be driven primarily by new standards and building code regulations. Increased construction activity across North America and Europe, especially in retrofits of old buildings, will drive this market to grow significantly through 2024.
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