U.S. Indoor Air Quality Market
The U.S. Indoor Air Quality (IAQ) market was over $7.7 billion in 2013 and is expected to grow to $8.1 billion in 2014 and $11.4 billion by 2019, a compound annual growth rate (CAGR) of 7.0% over the next five years.
- An overview of the U.S. market for indoor air quality.
- Analyses of global market trends with data from 2013, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019.
- A look at recent trends in the indoor air quality (IAQ) industry and their impact on various market segments.
- In-depth analysis of the settings and end-use markets of IAQ, including homes, commercial buildings, schools and hospitals, as well as the reasons why IAQ is of great concern in each of these settings.
- Profiles of leading companies in the industry.
This report is confined to covering IAQ issues of concern to residential homes, commercial buildings and light industrial properties, schools and hospitals. It does not discuss IAQ issues relevant to heavy industry and manufacturing environments, nor does it cover IAQ issues, practices, equipment and regulations concerning confined spaces or aircraft. It does, however, discuss the equipment and services that are most relevant to private homes, office buildings and retail establishments, schools and healthcare facilities in great detail. The equipment covered includes air cleaners, HVAC equipment, HVAC replacement filters and IAQ instrumentation. Environmental services such as consulting and remediation and recovery are also specifically noted.
The report first covers trends and information related to the overall IAQ market. It then discusses the equipment subcategory of the industry and breaks that down into sections on each type of equipment. Next, it covers the consulting and testing industry subcategory and then the environmental services industry subcategory. Under each subcategory, technologies, trends, market value and growth are discussed. From there, the report covers the end-use markets including residential dwellings, commercial buildings, schools and hospitals. Each setting is discussed in detail, including specific contaminants, problems and solutions, as well as the types of equipment and services appropriate to each.
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
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The U.S. market for indoor air quality (IAQ) was valued at nearly $7 billion in 2011 and is projected to reach nearly $7.3 billion in 2012, and nearly $9.2 billion in 2017, a five-year compound annual growth rate (CAGR) of 4.6%.
- Sales in the U.S. Indoor Air Quality market amounted to $7.7 billion in 2008, but were expected to decrease to less than $7.1 billion in 2009 due to the global recession. The market is projected to rebound, however, to reach $8.5 billion in 2014, for a 5-year compound annual growth rate (CAGR) of 3.5%.
- The equipment market was worth $3.6 billion in 2008. This is expected to decrease to $3.3 billion in 2009 but increase to nearly $4 billion in 2014, for a 5-year CAGR of 3.6%.
- The consulting/testing services segment was worth $2 billion in 2008. That is projected to decline to $1.7 billion in 2009, but to grow at a CAGR of 4.6% to nearly $2.2 billion in 2014.
The indoor air quality (IAQ) equipment market was valued at $3.6 billion in 2005 and is expected to reach $10.4 billion by 2011, a 5.2% average annual growth rate (AAGR) over the next 5-year period.
Consulting and testing services were valued at $1.5 billion in 2005 and should reach $2.7 billion by 2011 based on a 10% AAGR over the next 5-year period. Environmental services, including mold remediation, asbestos abatement, and radon mitigation, were valued at $1.6 billion in 2005 and, based on an AAGR of 9.5%, should reach $2.9 billion by 2011.
Currently, the end-use markets with the biggest potential for applications of IAQ equipment and services include residential dwellings, commercial buildings, schools, and health care facilities. The commercial segment was the largest market for IAQ equipment and services, accounting for 26% of the market in 2005, followed by schools (22%), residences (19%), and health care facilities (17%).
The overall U.S. indoor air quality market (IAQ) was $5.6 billion in 2003 and is expected to rise at an average annual growth rate (AAGR) of 11% to $9.4 billion by 2008.
to reach $4.6 billion by 2008 based on an AAGR of 7%.
rising at an AAGR of 8%, should reach $1.4 billion by 2008.
remediation, asbestos abatement, and radon mitigation. This segment will rise at an AAGR of 21% to reach $3.4 billion by 2008.