Air Quality Sensor Market 2020: Global Size, Industry Share, Outlook, Trends Evaluation, Geographical Segmentation, Business Challenges and Opportunity Analysis till 2027
- Posted by TWPadmin
- On April 14, 2021
- 0 Comments
- Air Quality Sensor
The COVID-19 virus outbreak has been affecting every business globally since December 2019. The continuous growth in the number of virus-infected patients has made governments to put a bar on transportation of humans and goods.
According to our latest market study on “Air Quality Sensor Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Air Quality Sensor Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by: Type, Location, End-User, and Geography” the market was valued at US$ 878.62 million in 2019 and is projected to reach US$ 1,266.07 million by 2027; it is expected to grow at a CAGR of 6.1% during the forecast period. The report highlights key factors driving the market growth, and prominent players and their developments in the market.
A large number of people spend most of their time indoors, and indoor air quality has a momentous impact on their comfort and health. Poor air quality can make the room stuffy and uncomfortable. Indoor pollutants such as radon, mold, pressed wood products (which might contain formaldehyde), and secondhand smoke may lead to health issues, such as lung cancer and asthma among individuals. Moreover, the deficient indoor air quality (IAQ) negatively impacts the productivity, cognitive function, health, and well-being of the indoor occupants. Owing to this factor, air quality has become an important concern. Environmental Protection Agency (EPA) states that the worker’s productivity at the workplace can be improved by 5–6% when air pollution levels are set optimum. As balanced and increased ventilation optimizes indoor air quality, the demand for air quality sensors is rising significantly in various sectors, ranging from residential to commercial and industrial sectors.