Air quality directly impacts people’s health and quality of life. During the Covid-19 pandemic, awareness of indoor air quality skyrocketed, leading to greater investments in the indoor air quality market – particularly in the US.
According to BCC Research’s estimates, the US value of the indoor air quality (IAQ) market is expected to reach heights of $11.9 billion by the end of 2027. The market is projected to grow at a compound annual growth rate (CAGR) of 4.1% during the forecast period. With air quality becoming an increasing priority for people far and wide, here’s everything you need to know.
US residents spend on average 90% of their time indoors, where some pollutants can be 2-5 times higher in concentration than outdoors. The top five air quality problems in the US are all indoor air problems, underscoring the severity of the issue. Mitigating indoor air pollution is essential, and achievable with the help of indoor air quality products.
Indoor air pollution is increasing. According to the American Lung Association data, in 2021, 40% of Americans nearly 137 million people live in places with degrading grades for unhealthy levels of particle pollution. Also, 2.1 million more people are breathing unhealthy air compared to 2020 data. The average annual PM2.5 concentration has been increasing in the U.S. in recent years, indicating a clear sign of increased air pollution. According to the data published by IQAir, PM2.5 concentrations have witnessed an increase of 7% compared to 2020.