The Global Air Quality Monitoring System Market size is expected to reach $6.4 billion by 2025, rising at a market growth of 7% CAGR during the forecast period. The market for air quality monitoring has seen steady growth due to increased levels of air pollution and increased awareness of health issues caused by polluted air. Rapid industrialization has led to increased levels of toxic pollutants such as carbon dioxide, sulfur dioxide, carbon monoxide, and volatile organic compounds in the atmosphere in developing countries like China, India, and Brazil. Growing automobile sales in these countries have resulted in air pollution as a result of increased vehicle emissions. To efficiently monitor and control air pollution, the implementation of air quality monitors has increased in both homes and industries. Supportive government regulations and increased public-private cooperation to reduce air pollution rates have driven the growth of the sector.
Global Air Quality Monitoring System Market Size
Air quality monitor devices are used to track and monitor pollutant rates in both indoor and outdoor settings. This measures pollutant levels like carbon monoxide, nitrous oxide, sulfur dioxide, particulate matter, and VOCs. The need to improve air quality has fostered demand for air quality control, as there are several harmful substances in the polluted air that cause health problems. Such harmful contaminants are released into the air through pollution in residential areas from various industries, vehicles, or fossil fuel combustion. Rising levels of pollutants in the environment, as well as strict government standards and regulations for pollution control, are likely to drive demand for the product. In addition, the number of casualties as a result of respiratory diseases caused by environmental pollution has increased significantly in recent years. Subsequently, it will accelerate the demand for this product.
Global Air Quality Monitoring System Market Share
Based on Pollutant Type, the market is segmented into Chemical and Physical. Chemical Pollutants segment is further bifurcated into Carbon Oxides, Sulphur Oxides, Nitrogen Oxides, Volatile Organic Compounds and Others. Based on Component, the market is segmented into Hardware, Software and Services. Based on Product Type, the market is segmented into Outdoor and Indoor. Based on End User, the market is segmented into Industrial, Commercial and Residential.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North American and European areas have dominated the market due to the presence of a large number of air quality monitor manufacturers. Due to the growing consumer preference for clean air, the US influences the North American market. In Europe, countries such as Germany, France, the United Kingdom and Russia are making a significant contribution to market growth due to strict air quality regulations. The Asia-Pacific area is expected to grow at the highest CAGR due to low air quality sensor penetration in China and India. Moreover, the Middle East and African regions offer lucrative market opportunities to market players as a result of rapid industrialization and proactive government initiatives to adopt eco-friendly processes in industries.
Free Valuable Insights: Global Air Quality Monitoring System Market to reach a market size of $6.4 billion by 2025
Air Quality Monitoring System Market Cardinal Matrix
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Honeywell International, Inc., Thermo Fisher Scientific, Inc., 3M Company, and Siemens AG are some of the forerunners in the Air Quality Monitoring System Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., Siemens AG, Emerson Electric Co., General Electric (GE) Co., 3M Company, Horiba Ltd., Honeywell International, Inc., TE Connectivity Ltd., Agilent Technologies, Inc., and Teledyne Technologies, Inc.
» Partnerships, Collaborations, and Agreements:
» Acquisition and Mergers:
» Product Launches and Product Expansions:
Market Segmentation:
By Pollutants
By Component
By Product Type
By End User
By Geography
Companies Profiled
According to a new report published by KBV Research, The global Air Quality Monitoring System market size is expected to reach $6.4 billion by 2025.
The major factors that are anticipated to drive the Air Quality Monitoring System industry include stringent government regulations as well as increasing level of air pollution.
The expected CAGR of Air Quality Monitoring System market is 7% from 2019 to 2025.
Some of the key industry players are Thermo Fisher Scientific, Inc., Siemens AG, Emerson Electric Co., General Electric (GE) Co., 3M Company, Horiba Ltd., Honeywell International, Inc., TE Connectivity Ltd., Agilent Technologies, Inc., and Teledyne Technologies, Inc.
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