Last edited 08 Jul 2024

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BSRIA Institute / association Website

The Booming Business of Breathing Healthy Air

BSRIA IAQ business 1000.jpg

Contents

[edit] The importance of the IAQ market

According to recent studies, we spend 90% of our time indoors, in buildings. The Covid-19 pandemic has heightened the public’s awareness and shone a light on respiratory health. Consumers are increasingly more aware of risks associated with poor indoor air quality and are actively seeking effective solutions. This, combined with the current energy crisis and the need to configure energy-efficient buildings in an ever-growing urbanised society is the reason for IAQ to become focus of policy makers.

2024 recast of EPBD requires Member States to set requirements for adequate indoor air quality standards in buildings (Article 13.4) and for non-residential net zero emission buildings to be equipped with measuring and control devices for the indoor air quality monitoring and regulation (Article 13.5).

The global market demand for IAQ monitors was estimated at just over £4 billion in 2023. It is expected to exceed £7 billion in 2030, with CAGR 8.6%. The IAQ market is on the rise and also witnessing exciting advancements in the products’ development, with the technology becoming smarter in encompassing IAQ.

[edit] Key Trends

The IAQ market is evolving forming emerging trends that have an impact:

[edit] Factors Driving the market

Key factors propelling the IAQ market forward are expected to strengthen in the coming years:

Key components of IAQ market Filtration (ISO ePM1, ePM2.5, ePM10, HEPA, ULPA)

Alongside these key components, the market encompasses a diverse range of other products:

The IAQ outlook looks promising; the biggest growth stems from the residential sector, as homeowners are far more educated (than they used to be prior to the pandemic) on the hazards of poor indoor air quality and are keen to tackle associated risks. The focus in the residential segment will be on ventilation and possibly air filtration.

On the other hand, in the commercial segment, IAQ solutions will likely integrate with building management systems, thus enabling automated adjustments to optimise air quality. In conjunction with this, a rise in personalised IAQ solutions that cater to the individual needs and preferences, is deemed an emerging future development.

Further, a focus on preventative measures has potential with impact on the construction industry. Building materials with lower VOC emissions and self-cleaning surfaces can help reduce air pollution at the source.


This article appears on the BSRIA news and blog site as "The Booming Business of Breathing Healthy Air" dated July, 2024 and was written by George Laganas, WMI Project Consultancy Lead.

--BSRIA

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