The Market for Indoor Environmental and Air Quality Technologies is Expected to Exceed $7 Billion by 2024, According to Navigant Research
By Business Wire News
A new report from Navigant Research examines the market for indoor environmental and air quality (IEAQ) technologies used in new construction and retrofit applications, with global forecasts for revenue, segmented by region, building type, and technology, through 2024.
Healthy and green buildings rely on good IEAQ to maintain the wellness and productivity of their occupants. Related IEAQ technologies can provide the measurement and verification of ventilation and moisture management, indicating whether appropriate conditions have been achieved and maintained indoors. Click to tweet: According to a new report from Navigant Research, the global IEAQ market is expected to grow from $4.2 billion in 2015 to $7.1 billion by 2024.
“In order to effectively maintain a healthy indoor environment without compromising energy efficiency, building owners are turning to many new IEAQ technologies,” says Anne Wrobetz, research associate with Navigant Research. “IEAQ systems are developing rapidly, and the most sophisticated ones integrate with building energy management systems (BEMSs) and heating, ventilation, and air conditioning (HVAC) systems to improve IEAQ without increasing the carbon footprint.”
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, according to the report. These technologies 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 report, Indoor Environmental and Air Quality, analyzes the global market for IEAQ technologies that are currently available and being used in both new construction and retrofit applications. The study provides an analysis of the market conditions for IEAQ monitoring and management and the drivers and barriers for wider adoption of the technologies. Global market forecasts for IEAQ technologies revenue, segmented by region, building type, and technology, extend through 2024. The report also examines the key categories of IEAQ improvements and the related technologies, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Indoor Environmental and Air Quality, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.