The IAQ equipment segment is expected to demonstrate the highest rate of growth
WELLESLEY, Mass. — The IAQ market in the U.S. totaled $7.8 billion in 2015, is forecast to reach $8.3 billion in 2016, and grow to $10.8 billion by 2021, increasing at a compound annual growth rate (CAGR) of 5.3 percent from 2016 to 2021, according to a report from BCC Research.
Most U.S. citizens spend nearly 90 percent of their time in indoor environments, such as homes, workplaces, classrooms and other school environments. BCC Research reveals in its new report that indoor levels of air pollutants can be two to five times higher and occasionally 100 times higher than outdoor levels, ranking indoor air pollution among the top five environmental risks to public health.