New report predicts that the market for IAQ-related technologies will exceed $7 billion by 2024
With recent research demonstrating the benefits of high indoor air quality (IAQ) – and the perils of not attaining it — it is not surprising that the market for IAQ-related technologies is booming. As reported on January 5 by Environmental Leader, an environmental and energy management news site, a new report expects the market to grow from $4.2 billion in 2015 to $7.1 billion by 2024.
The report – released by the firm Navigant Research – looked at a wide range of IAQ-technologies, including those that measure indoor conditions and indicate whether desired IAQ has been attained or if remedial actions are necessary.
The expected growth of the IAQ technologies market follows recent findings that IAQ makes a big difference in both the health and productivity of those who live or work within indoor structures. Poor IAQ has been linked with severe health conditions ranging from respiratory diseases like asthma to heart disease and even cancer. Findings have also shown that poor IAQ can negatively impact one’s concentration and cognitive functions.
The report also found that the IAQ technologies market will be driven by new standards and building code regulations that are designed to increase indoor air quality – and lessen the risks to individuals.
The good news is that boosting IAQ can be achieved both painlessly and cost effectively. Switching to energy efficient air filters, for example, can raise IAQ without making a big dent in the wallet. Indeed, the high efficiency filters from Camfil – the world’s leading provider of clean air solutions – can actually decrease overall costs. Since Camfil’s next-generation filters maintain their peak efficiency longer than more traditionally designed filters, they require less energy and less frequent change-outs. That means reduced energy, replacement, and disposal costs.
Via its industry-leading network of a half dozen global research centers, Camfil has been leading the charge in getting sustainable, high efficiency air filters out to customers. But it has also been a leader in getting the word out on the advantages of improved air filtration. The company’s mobile demonstration lab, for instance, has toured both the United States and Canada, educating customers and users on the benefits of cleaner air – and on the ease with which it can be attained.
High IAQ may be a growing priority, but it is one that is within the reach – and the budgets – of building managers, developers, and owners. Cutting-edge innovations, in both IAQ measurement and management, are guiding the way.
The world leader in air filtration systems, Camfil provides clean air solutions for hospitals, hotels, office buildings, educational institutions, and pharmaceutical and biotech companies. We provide the tools to achieve sustainability, maintain high air quality, and reduce airborne infections — all while lowering total cost of ownership. Camfil customers go green without ever sacrificing performance. For more information, visit us online at www.camfil.us or call us toll-free at 888.599.6620.
Director of Marketing
Camfil USA, Inc
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