HVAC Air Quality Monitoring Market Size And Forecast
The Global HVAC Air Quality Monitoring Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global HVAC Air Quality Monitoring Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
According to Verified Market Research, The Global HVAC Air Quality Monitoring Market was valued at USD 3.40 Billion in 2018 and is projected to reach USD 5.76 Billion by 2026, growing at a CAGR of 6.85% from 2019 to 2026.
What is HVAC Air Quality Monitoring?
A device that maintain a certain temperature, humidity and air purity condition is known as HVAC (Heating, ventilation and air conditioning) unit. HVAC air quality monitoring is the process of analyzing the quantity and type of pollutants present in the atmosphere as per the air quality standards. It is a sensor-based instrument that analyzes the number of different gases present in the air, such as carbon dioxide, sulfur dioxide, lead, nitrogen oxides and others. The air quality Monitoring system mostly uses non-dispersive infrared (NDIR) technologies to detect highly sensitive and hazardous gasses, such as carbon dioxide. The main objective of the HVAC air quality monitoring system is to ensure that the environment is healthy for the individual.
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Global HVAC Air Quality Monitoring Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing adoption of green buildings & environment-friendly industries due to rising environmental and healthcare impacts of indoor emissions is the key growth driver for HVAC air quality monitoring market. In addition, stringent environmental regulation framed to regulate indoor air quality and high investment by private as well as public companies for the development of effective indoor HVAC air quality monitoring has triggered the growth of the market. Furthermore, rapid industrialization & construction activities in emerging countries such as India & China and successful partnership between key players for the development of advanced HVAC air quality monitoring are the factors that are expected to support the market growth. For instance, Deep Sky Mobile announced a partnership with AI VentureTech, Inc. and AppSwarm, Corp. in 2019. Together, these companies announced the launch of an IoT-based solution to assist industrial companies. On the other hand, high product cost and low public awareness about HVAC air quality monitoring products are the leading reasons that are restraining the growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global HVAC Air Quality Monitoring Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global HVAC Air Quality Monitoring Market Competitive Landscape
The “Global HVAC Air Quality Monitoring Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as 3M, Emerson Electric Co., Testo SE & Co., Siemens, Honeywell International Inc., TSI, Thermo Fisher Scientific, Aeroqual, Rave Innovations, and Oizom Instruments Pvt. Ltd. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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HVAC Air Quality Monitoring Market, By Product Type
• Portable HVAC Air Quality Monitors
• Stationary HVAC Air Quality Monitors
HVAC Air Quality Monitoring Market, By Pollutant
• Chemical Pollutants
• Biological Pollutants
• Physical Pollutants
HVAC Air Quality Monitoring Market, By Application
HVAC Air Quality Monitoring Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Rest of the World
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