Menu ×

ELECTRONICS & SMART DEVICES

Air Quality Monitoring System Market Analysis by Product (Indoor, Outdoor, Wearable); by Sampling (Stack, Manual, Passive); by Pollutants (Chemical, Particulate Matter, Biological); and by End-User (Government, Petrochemical, Power Plant, Residential) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035

  • Text Size:

Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

Request Insights

Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

Read More

IN THE NEWS

  • Governor Kathy Hochul declared the launch of an initiative regarding statewide air quality and greenhouse gas mobile monitoring to nearly 25% of the state population with severe environmental pollution. The initiative was through mobile mapping technology and professional analytics from Aclima and was streamed by Google Cloud alone.

  •  U.S. Environmental Protection Agency announced the release of USD 50 million, out of this USD 20 million was a grant for community monitoring through American Rescue Plan. The fund was to improve the U.S communities with no access to air quality and the remaining USD 30 million was to support tribal or local air agencies to monitor fine particles and other pollutants under Clean Air Act regulated by the National Ambient Air Quality Standards.

Global Air Quality Monitoring System Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Base Year

2023

Forecast Year

2023-2035

CAGR

~10%

Base Year Market Size (2023)

 ~ USD 6 Billion

Forecast Year Market Size (2035)

~ USD 16 Billion

 

The global air quality monitoring system market is estimated to garner a revenue of ~USD 16 Billion by the end of 2035 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of ~USD 6 Billion in the year 2023. Rising technological advancements, government regulations for air pollution, and rising green building technologies are estimated to boost market growth during the forecast period. As per the International Trade Administration, the new greenhouse buildings in South Africa will save carbon emissions of 115 million kilograms which is equal to 28,000 cars on the road as of 2021.

air quality market overview image

Get more information on this report:Download Sample PDF

Increasing air pollution and emission of toxins such as carbon monoxide and sulfur dioxide are estimated to surge the air quality tester market growth in the coming years. The worldwide carbon dioxide emissions set a new record in 2021 with 414.72 parts per million.

Global Air Quality Monitoring System Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Public and Private Programs to Conserve the Environment – The implementation and regular follow-up of the Clean Air Act since 1970, made America less pollutant than before. The air quality was improved in more than 41 areas that were purely on high levels of carbon dioxide and are ready to meet the air quality standards. Also, these control measures reduce the risk of premature deaths and the prevalence of other respiratory diseases in the U.S. From 1990-2020, the national concentrations of air pollutants such as carbon monoxide improved by 73%, led by 86%, nitrogen dioxide per year by 61%, ozone by 25%, coarse particulate concentrations for 24-hour by 26%, annual fine particles emission by 41% and sulfur dioxide by 91% as per the Environmental Protection Agency.  

  • Rising Preference for Pollution-Free Indoor – Indoor air pollution is a major factor in premature deaths and led to increasing in the number of deaths across the world. Indoor air pollution accounted for 2.31 million deaths in the year 2019 as per the Institute for Health Metrics and Evaluation (IHME), Global Burden of Disease.

  • Rise of COVID-19 Cases – According to World Health Organization, the total number of COVID-19 cases was 627,573,579 in 2022 down from 334,284 in 2020 and with about 6,570,363 deaths in 2022.

  • Growing Adoption of Smart Homes – As per the estimations, the number of smart homes in the world is estimated to reach 4500 million by 2050, from the baseline of 2200 million in 2020.

  • Increasing Air Particulate Associated Disorders – The rise of particulate matter leads to various issues such as premature deaths, irregular heartbeat, aggravated asthma, visibility impairment, and more respiratory signs including cough, irritation of the airways, and breathing difficulty. As per the World Health Organization, about 2.2 billion population are suffering from near or distance vision impairment, and out of these 1 billion could have been prevented with proper care and awareness.

Challenges

  • High Cost of Products
  • Slow Adoption of Advanced Technology
  • Lack of Skilled Professionals

The global air quality monitoring system market is segmented and analyzed for demand and supply by pollutants into chemical, particulate matter, and biological. Out of these, the chemical segment is anticipated to hold the largest market size by the end of 2035 on the account of the rising number of automobiles and industries across the world. The total number of registered highway vehicles in 2017 was 272,480,899 and increased to 275,924,442 in 2020 as per the Bureau of Transportation Statistics.

Global Air Quality Monitoring System Market Regional Synopsis

Regionally, the global air quality monitoring system market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America region is projected to hold the largest market share by the end of 2035 growing levels of acid rain, rising urbanization, and government regulations on the implication of monitoring the quality of air. As per the estimations, more than 82% of the population in the U.S lives in urban areas, and is estimated to reach 84% by the end of 2050.

air quality market share image

The global air quality monitoring system market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global air quality monitoring system market includes the following segments:

 

       By Product

  • Indoor
  • Outdoor
  • Wearable

 

       By Sampling

  • Stack
  • Manual
  • Passive

 

       By Pollutants

  • Chemical
  • Particulate Matter
  • Biological

 

        By End-User

  • Government
  • Petrochemical
  • Power Plant
  • Residential

Top Featured Companies Dominating the Global Air Quality Monitoring System Market

  • Thermo Fisher Scientific Holdings, Inc.

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Emerson Electric Co.
  • 3M
  • HORIBA, Ltd.
  • Siemens Aktiengesellschaft
  • Teledyne Technologies Incorporated
  • PerkinElmer Inc.
  • Agilent Technologies, Inc.
  • Spectris plc
  • Honeywell International Inc.
  • Merck KGaA

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions | LOB

Copyright © 2022 Research Nester. All Rights Reserved