Hi Global Market for U.S. Indoor Air Quality to Reach $11.4 Billion by 2019!.

Hi Global Market for U.S. Indoor Air Quality to Reach $11.4 Billion by 2019!.

BCC Research reveals in its new report, U.S. Indoor Air Quality Market, the U.S. indoor air quality (IAQ) market is expected to grow to $11.4 billion by 2019, with a compound annual growth rate (CAGR) of 7 percent over the next five years. The equipment segment market is anticipated to grow at a CAGR of 7.4 percent.

Since 2012, continuing media attention focused on the health effects of toxic mold, the outbreak of infectious diseases (such as bird flu), and the increase in chronic respiratory diseases such as asthma have resulted in a new interest in IAQ in homes, commercial buildings, schools and hospitals.

There is a distinct equipment market within the industry that includes products such as air-cleaning equipment, HVAC equipment, HVAC replacement filters and IAQ instrumentation. This market, which was valued at $3.9 billion in 2013, is predicted to reach nearly $4.1 billion in 2014 and $5.8 billion in 2019, with a projected CAGR of 7.4 percent.

Although the commercial segment was the largest market for IAQ equipment and services in 2013, the residential sector is projected to move into the top position by 2019, with 29 percent of the market, followed by commercial buildings (28 percent), healthcare (16 percent) and schools (14 percent).

“The U.S. economy has continued to recover from the 2008–2009 recession, boosting the market for IAQ equipment and services,” says BCC Research environment analyst, Andrew McWilliams. “The IAQ market is important because health problems such as building-related illness and sick-building syndrome, as well as other ailments associated with poor IAQ in homes, offices and schools, are on the rise in the U.S.”

U.S. INDOOR AIR QUALITY MARKET determines the size of the overall IAQ market and its subcategories, such as IAQ equipment and technologies, consulting services and environmental services.

Hi Report: Green Buildings Market Grows to $260 Billion; Driven by Higher Rents, Values!.

Hi Report: Green Buildings Market Grows to $260 Billion; Driven by Higher Rents, Values!.

Construction of green buildings rose to 325 million m² of new floor space in 2013, representing a $260 billion market, according to Lux Research, with growth driven by economic benefits rather than environmental motivations.

Growth has exceeded expectations as green construction marches toward a significant share of the mainstream market. In the United States, for example, green buildings command an estimated 20 percent of new construction.

“Green buildings are driven not by utility savings, but by upticks in rental income or resale value,” said Alex Herceg, Lux Research analyst and the lead author of the report titled, “Cash Is King: Assessing the Financial Performance of Green Buildings.”

“Those factors, along with government incentives, can make the financial case for green buildings, delivering predictable internal rates of return (IRRs) north of 5 percent,” he added.

Lux Research analysts studied utility savings, rental rates, resale value and government incentives in green buildings and their impact on IRRs.

Among their findings:

• Green certification fuels growth. Lux Research’s analysis found that buildings with LEED Gold certification outperform their baseline peers. For instance, higher rental income added $4.1 million in value to a model 80,000 ft² commercial building in Los Angeles.

• IRRs get a boost from subsidies. Incentives like Germany's subsidized interest rates for energy-efficient homes, or government cash rebates in India, can lead to an IRR of 5 to 6 percent over 15 years.

• Energy efficiency codes offer market opportunity. While green building standards like LEED helped build market demand for green buildings, building energy efficiency codes such as ASHAE 90.1, IECC and ECBC India can create a much larger market opportunity. In Germany, Lux Research estimates that new floor space compliant with the EnEv 2009 code was 50 million m², or about 36 percent of overall new construction, in 2013.

The report, titled “Cash Is King: Assessing the Financial Performance of Green Buildings,” is part of the Lux Research Efficient Building Systems Intelligence service.

Hi Top Green Building Trends:

Green Building Market Outlook:

"Green building will continue to grow despite the global credit crisis and the economic recession affecting most countries."

"Green building will grow more than 60 percent in 2010, using new Leadership in Energy and Environmental Design (LEED) Green Building Rating System project registrations as a proxy"

“We've seen cumulative growth in new LEED projects over 60 percent per year since 2006 — in fact, 80 percent in 2009 — and there's no sign that the green wave has crested,” 

2) Green building will benefit from the Obama presidency and the strongly Democratic Congress, with a continued focus on green jobs gained by applying incentives for energy efficiency, new green technologies, and renewable energy.

3) The focus of the green-building industry will continue to shift from new buildings to existing ones.

“The fastest-growing LEED rating system in 2009 was the LEED for Existing Buildings program, and This is expected to continue in 2010,”

4) Awareness of the “coming global crisis” in fresh-water supply will increase, leading building designers and managers to take further steps to reduce water consumption in buildings with better-conserving fixtures, rainwater-recovery systems, and new water technologies.

5) The green-building movement will go global, as more countries create green-building incentives and develop green-building councils. More than 30 countries on all continents will show considerable green-building growth in 2010.

6) Solar-power use will accelerate, with the prospect of increased focus on state-level renewable-power standards for 2015 and 2020. Third-party financing will continue to grow, providing capital for large rooftop systems.

7) Local governments will step up mandates for green buildings for themselves and the private sector.

“We'll see at least 20 major new cities with commercial-sector green-building mandates,” & “The desire to reduce carbon emissions by going green will lead more government agencies to require green buildings.”

8) Zero-net-energy designs for new residential and commercial buildings will become increasingly widespread, as LEED and Energy Star ratings become too common to confer competitive advantage.

9) The retail sector will embrace green building, especially green operations.

“ This trend, ‘Shop green ‘til you drop, More retailers are becoming conscious of the need for both operational green measures and greening the supply chain.”

10) European green-building technologies will become better known and more widely adopted in the United States and Canada, which attributes in part to an increasing number of European architects and engineers who are opening offices in the United States.

A bonus trend for 2010, is campus sustainability plans and actions becoming the “defining trend in higher education, as more than 800 leading educational institutions race to embrace a thorough response to climate change.”

Click To Visit Hammam Industries & Co. Web Site.