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The indoor air quality market has been forecast to increase at a compound annual growth rate (CAGR) of 4.49% through to 2016, primarily driven by the increase in indoor air-polluting sources, along with the increased productivity post indoor air quality augmentation.
Indoor air quality is a term which refers to the air quality within and around buildings and structures, especially as it relates to the health and comfort of building occupants.
Large amounts of small particles suspended in the air can be visible through a ray of light that enters a building. These include airborne particles such as dust or tobacco particles; bioaerosols, for example, bacteria, mold, fungi and dander; volatile organic compounds such as formaldehyde; and combustion products, namely, carbon dioxide.
Indoor air quality can be affected by gases (including carbon monoxide, radon, volatile organic compounds), particulates, microbial contaminants (mould, bacteria) or any mass or energy stressor that can induce adverse health condition.
Exposure to air pollutants can cause serious health problems, including acute sneezing, throat irritation, asthma attacks, nausea and others. Hence, it is imperative to have healthy air circulating inside the home.
The indoor air quality market has witnessed fast-paced growth over the past few years, with technological developments becoming of primary importance for stakeholders in this domain.
The increase in indoor air-polluting sources is become a big problem for the industry. The increase in air-polluting sources such as inadequate ventilation and inside contamination leads to an increase in indoor pollution, leading to less fresh air circulation indoors. This leads to health issues, and indoor air pollution should be sorted out rapidly with the help of indoor air quality equipment.
There are two ways to maintain better air quality. Measures are available to prevent pollutants from entering the indoor air or contaminated air can be purified through an air purification system fitted in a heating, ventilation or air conditioning (HVAC) system. Portable air purifiers are also utilizable.
Although the prospects for the market look upbeat, there are some challenges that are proving to be growth bottlenecks. High initial costs are deterring deep market penetration. In this mature market, product differentiation is a great challenge for companies and an even greater one for new participants entering the fray.
Key players currently dominating the indoor air quality market include Trane Inc., Camfil Farr Inc., Honeywell International Inc., Clarcor Inc., Carrier Corp., 3M Co., TSI Inc., Halton Co., and Lennox International Inc.
For more information on the indoor air quality market, see the latest research: Indoor Air Quality Market
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