International.
Analysts from Research and Markets analyzed the global Indoor Air Quality market and concluded that it will grow at a CAGR of 8.3% during the period from 2016 to 2020.
According to the report, the concentration of carbon-based volatile organic compounds (VOCs) is typically two to three times higher indoors than outdoors. The very high presence of VOCs can cause conditions such as hypersensitivity pneumonitis, asthma, cancer and heart disease. The need to improve indoor air quality systems is due to the demand arising from the growing health concern among building occupants.
In addition, the report notes that the lack of awareness about indoor air pollution leads to a drop in demand for indoor air quality products and also impedes or slows the growth of the global indoor air quality market.
"The quality of equipment that is designed to improve indoor air has been growing at a rapid pace. For example, the HVAC system is an appliance that heats, cools, regulates and controls the outside air and also checks for humidity. Advanced climate controls focus on components such as sensors, field devices, and floor-level controllers to effectively manage indoor air," the report's analysts say.
