IEAQ Technologies Market to Surpass $7 Billion by 2024
According to Navigant Research, healthy and green buildings depend on having good indoor environmental and air quality or IEAQ in order to sustain the productivity and wellness of the occupants. Various IEAQ technologies have the capacity to provide the verification and measurement of ventilation and moisture management. These technologies indicate if certain conditions have been maintained and attained indoors. Navigant Research also found out that the global IEAQ market is anticipated to grow from $4.2 billion last year to $7.1 billion in 2024.
Anne Wrobetz, Research Associate of Navigant Research said, “In order to effectively maintain a healthy indoor environment without compromising energy efficiency, building owners are turning to many new IEAQ technologies. IEAQ systems are developing rapidly, and the most sophisticated ones integrate with building energy management systems or BEMS and heating, ventilation, and air-conditioning (HVAC) systems to improve IEQ without increasing the carbon footprint.”
Another data that was highlighted in the report is that although having good IEAQ is restricted to the volume of outdoor air circulated in a room, there are many technologies nowadays that improve the conditions indoors while decreasing ventilation volumes and the energy used to ventilate a building. Some of these technologies include demand-controlled ventilation, dedicated outdoor air systems, carbon dioxide sensors, energy recovery ventilators, displacement ventilation, and ultraviolet germicidal irradiation. All of these have growing markets and are expected to further increase in the next few years.
The Indoor Environmental and Air Quality report summarizes and examines the global market for IEAQ technologies that are presently available and being used in retrofit and new construction applications. The study also gives an analysis and breakdown of the market conditions for IEAQ management and monitoring as well as the factors and barriers for wider adoption of the technologies.
Those who will benefit from the findings of the study include energy service companies, indoor environmental and air quality (IEAQ) software vendors, corporate energy and sustainability managers, IT vendors and system integrators, HVAC manufacturers, and building owners, operators, and managers.