Page 19 - Climate Control News May 2022

Indoor Air Quality
IAQ MONITORS TO SKYROCKET
The global market for Indoor Air Quality (IAQ) monitors will top $US5.5 billion
by 2026.
Indoor air quality is characterised by the ventilation conditions, humidity levels, ambient air temperature, and the prevalence of chemical and biological contaminants within a building.
A new report by Reportlinker.com found growth is set to be driven by deteriorating air quality and increased consumer focus indoor air.
“The market for air quality monitoring is also supported by rising consumer awareness, strict regulations related to monitoring and control of air quality, expanding application areas, and a growing focus among people to lower health risks,” the report said.
“The market growth is further stimulated by emergence of new technologies such as AI, IoT and automation that allow manufacturers to come up with advanced devices for real-time monitoring of indoor air quality.
“Indoor air quality monitors are enjoying immense attention amid the COVID-19 pandemic as various studies are linking enhanced air quality with fewer casualties.
“Regulations on environmental pollution for several industries such as food processing, chemicals and other process industries will generate long term demand for indoor air quality monitors beyond the COVID-19 pandemic.”
Amid the COVID-19 crisis, the global market for Indoor Air Quality Monitors estimated at $US3 billion in the year 2020, is projected to reach a revised size of $US5.5 billion by 2026, growing at a CAGR of 9.9 per cent over the analysis period.
While fixed indoor monitors are growing at a 9.5 per cent CAGR, portable indoor monitors will grow at a 10.7 per cent CAGR for the next seven years.
The US accounts for a 39.3 per cent share of the global market.
China, the world`s second largest economy, is forecast to reach an estimated market size of $US397.9 million in the year 2026 growing at a CAGR of 12.9 per cent through the analysis period. Other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9 per cent and 9.4 per cent respectively.
Industries such as food processing rely on IAQ monitors.
One country that has taken ventilation seri- ously is the United States where the govern- ment is spending billions of dollars on a clean air campaign.
With the pandemic entering a new phase in the United States marked by fewer precautions and the rise of the even more transmissible Omi- cron subvariant BA2, the Biden administration has begun stressing the importance of mitigat- ing the risk of indoor aerosol transmission, the primary driver of the pandemic.
The Environmental Protection Agency (EPA) recently issued expert guidance to building managers, contractors and business owners, with two pages of recommendations that codify the best practices on ventilation, air filtration and air disinfection from academic experts and federal agencies of the last two years.
The agency said implementation could be un- derwritten with federal funds from the $1.9 tril- lion American Rescue Plan which President Joe Biden signed into law 12 months ago.
It is also part of the Clean Air in Buildings Challenge which was announced by EPA admin- istrator, Michael S Regan.
He said the challenge is an important part of helping everyone to breathe easier.
“Protecting public health means improving indoor air quality,” Regan said.
“Throughout the pandemic, building manag- ers and facility staff have been on the frontlines implementing approaches to protect and im- prove indoor air quality to reduce risks and keep their occupants safe and healthy, and we are so grateful.
“THE BEST COMBINATION OF ACTIONS FOR A BUILDING WILL VARY BY SPACE AND LOCATION.”
“In addition to other layered prevention strat- egies, taking actions to improve IAQ can reduce the risk of exposure to particles, aerosols, and other contaminants, and improve the health of building occupants. None of these actions will eliminate risk completely.
“The best combination of actions for a build- ing will vary by space and location. When de- termining which actions to take to help protect occupants, building owners and operators should consider, for example, public health guidance, who and how many people are in the building, the activities that occur in the build- ing, outdoor air quality, climate, weather condi- tions, and the installed heating, ventilation, and air conditioning (HVAC) equipment."
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MAY 2022
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