HVAC Air Quality Monitoring Market Analysis

HVAC Air Quality Monitoring Market Analysis

HVAC air quality monitoring market size from the chemical segment is poised to register 5% growth during 2023-2032. The surging levels of chemical air pollutants and their subsequent awareness across the globe are adding to the increased need of air quality monitoring systems in the chemical sector. These systems detect all the chemical pollutants harming the environment and human health, including volatile organic compounds (VOCs), CO2, and heavy metals released by several modes of transportation. The increasing prominence of trains, ships, and airplanes along with the subsequently rising rate of pollutants will drive the product preference.
 

HVAC air quality monitoring market valuation from industrial applications had reached over USD 1.2 billion revenue in 2022. The increasing activities across chemical plants and mines have contributed to the presence of rising concentrations of harmful pollutants, further necessitating air quality monitoring. Several pollutants, including VOCs and NOx & Cox are largely emitted by volatile chemical product usage, construction materials, and industrial processes. The thriving concerns regarding the accumulation of chemical pollutants driven by insufficient ventilation facilities leading to adverse impacts on health of workers will further push the product demand.
 

North America HVAC air quality monitoring industry is slated to exceed USD 1.6 billion by of 2032. The growth can be mainly credited to the increasing number of government initiatives to improve air quality monitoring in the U.S. For instance, the U.S. Environmental Protection Agency (EPA), in November 2022, secured USD 53.4 million from the president’s Inflation Reduction Act and American Rescue Plan for spearhing nearly 132 air monitoring projects across 37 states. Besides helping in improving the air quality monitoring within the country, the projects focused on individuals that are marginalized, underserved, and heavily affected by the pollution.