Frost Radar™: Indoor Air Quality Systems, 2023

Frost Radar™: Indoor Air Quality Systems, 2023

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

The global air quality systems market is experiencing rapid growth due to increasing concerns about air pollution and the importance of indoor air quality. Common causes of air pollution, including motor vehicles, industrial operations, household combustion appliances, and forest fires, contribute to the emission of pollutants such as particulate matter, carbon monoxide, ozone, nitrogen dioxide, and sulphur dioxide, posing Air pollution is a pressing global concern caused by various factors such as motor vehicles, industrial operations, household appliances, and forest fires. Pollutants like particulate matter, carbon monoxide, ozone, nitrogen dioxide, and sulphur dioxide have detrimental effects on public health. Indoor and outdoor air pollution contribute to respiratory illnesses and even death, with low- and middle-income countries experiencing the highest exposures.

The COVID-19 pandemic has heightened the importance of indoor air quality, particularly in crowded spaces, while the United States Environmental Protection Agency estimates that people spend on average approximately 90% of their time indoors, where some pollutants are frequently present in amounts that are typically 2 to 5 times higher than those found outside. HVAC filtration systems, higher-rated filters, ultraviolet germicidal irradiation, and air purification systems are being utilized to counter airborne virus transmission. The market for air purifiers is growing, with prices expected to decrease due to technical advancements and competition. Integration of IoT solutions and remote sensors aims to enhance connectivity and cater to the demand for smart home devices.