10-May-2022 | Zion Market Research
The Air Quality Monitoring Market was worth around USD 4,391.5 million in 2021 and is estimated to grow to about USD 6,407.8 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.5 percent over the forecast period. The report analyzes the Air Quality Monitoring Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Air Quality Monitoring Market.
Air quality monitoring systems (AQMS) are pieces of equipment that can regulate wind speed, direction, and other weather conditions in order to measure the number of air pollutants such as SO2, NOx, CO, O3, and THC. The measurements data can be remotely monitored and exported in various forms for local users and authorities. The growing public and governmental awareness of the negative impacts of air pollution is driving up demand for air quality monitors around the world. As pollution levels rise, chronic obstructive pulmonary disease, asthma, cardiovascular difficulties, and lung cancer become more common, fuelling the growth of air quality monitoring markets. In addition, increased public-private initiatives to combat air pollution, as well as increased public awareness of health dangers, contribute to global market growth. Air quality monitoring technology is quickly being embraced in smart city projects, as the number of smart cities grows in conjunction with global population growth. Technological breakthroughs in air quality monitoring systems open up a plethora of possibilities for the technological development of devices and their applications. Moreover, the expansion of the air quality monitoring market is being driven by an increase in air pollution, favorable government regulations to monitor and manage air quality, and the development of environmentally-friendly sectors. The increased adoption of air quality monitoring systems in the manufacturing, automotive, and oil & gas sectors, as well as rising collaborations and mergers & acquisitions, are likely to drive the worldwide air quality monitoring system market during the forecast period. However, increased implementation costs along with high production costs are projected to stymie the expansion of the worldwide air quality monitoring system market over the forecast period.
The Air Quality Monitoring Market is segregated based on Sampling Method, Pollutant, Product, and End User. Based on the Sampling Method, the global market is distinguished into Active/Continuous Monitoring, Manual Monitoring, Passive Monitoring, Intermittent monitoring, and Stack Monitoring. Based on Pollutant, the global market is distinguished into Chemical Pollutant, Nitrogen Oxides, Sulfur Oxides, Carbon Oxides, Volatile Organic Compounds, Other Chemical Pollutants, Physical Pollutant, and Biological Pollutant. Based on Product, the global market is distinguished into Indoor monitors, Fixed Indoor Monitors, Portable Indoor Monitors, Outdoor monitors, Portable Outdoor Monitors, Fixed Outdoor Monitors, Dust & Particulate Matter Monitors, AQM Stations, and Wearable Monitors. Based on End Users, the global market is distinguished into Government Agencies & Academic Institutes, Government and Residential Users, Petrochemical Industry, Power Generation Plants, Pharmaceutical Industry, Smart City Authorities, and Other End Users.
North America is dominating the market in the forecast period and is expected to remain so throughout the projected period. This is owing to high quantities of acid rain in the area, which has resulted in 90 percent of North American lakes being acidic. As a result, governments have implemented stringent requirements for monitoring air quality, which is projected to drive market growth. Furthermore, major manufacturers' well-established distribution channels contribute to market growth. During the projection period, the Asia Pacific area will expand dramatically. Respiratory and cardiovascular disorders have increased as a result of air pollution in several cities throughout the region. Furthermore, favorable government measures should aid in market expansion. Countries in this sector are seeing GDP growth and a large increase in disposable income among the middle-class population. As a result, several regional governments have boosted their spending on air quality monitoring activities, the modernization of industrial and public infrastructure, and greater penetration of cutting-edge environmental monitoring equipment.
Key players functioning in the Air Quality Monitoring Market include Thermo Fisher Scientific (US), Emerson Electric (US), General Electric (US), Siemens AG (Germany), Teledyne Technologies (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Spectris plc (UK), 3M Company (US), Honeywell International Inc (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), TSI Incorporated (US), Tisch Environmental (US), and Testo (Germany)
Browse the full “Air Quality Monitoring Market By Sampling Method (Active/Continuous Monitoring, Manual Monitoring, Passive Monitoring, Intermittent monitoring, and Stack Monitoring). By Pollutant (Chemical Pollutant, Nitrogen Oxides, Sulfur Oxides, Carbon Oxides, Volatile Organic Compounds, Other Chemical Pollutants, Physical Pollutant, and Biological Pollutant). By Product (Indoor monitors, Fixed Indoor Monitors, Portable Indoor Monitors, Outdoor monitors, Portable Outdoor Monitors, Fixed Outdoor Monitors, Dust & Particulate Matter Monitors, AQM Stations, and Wearable Monitors). By End Users (Government Agencies & Academic Institutes, Government and Residential Users, Petrochemical Industry, Power Generation Plants, Pharmaceutical Industry, Smart City Authorities, and Other End Users).” Report at https://www.zionmarketresearch.com/report/air-quality-monitoring-market
Air Quality Monitoring Market is segmented as follows:
By Sampling Method
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