Demand for Global Air Quality Monitoring Market Size & Share Worth USD 6,407.8 Million by 2028, Exhibit a CAGR of 6.5% Growth | Industry Trends, Value, Analysis & Forecast Report by Zion Market Research
NEW YORK, May 12, 2022 /PRNewswire/ -- As per Zion Market Research study, 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.
Key Industry Insights & Finding of the Air Quality Monitoring Market Reports:
Zion Market Research published the latest report titled as "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). and By Geography – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028." into their research database.
Air Quality Monitoring Market: Overview
Both indoors and outdoors, an air quality monitoring system detects and monitors contaminants in the air such as carbon monoxide, nitrous oxide, sulfur dioxide, and volatile organic compounds. The requirement for air quality monitoring has grown as a result of the need to maintain air quality, as poor air quality contains harmful contaminants that cause health problems. The growth of the air quality monitoring market has increased due to an increase in awareness of the chronic obstructive pulmonary disease, asthma, cardiovascular difficulties, and lung cancer, all of which have become increasingly common as pollution levels have risen. Moreover, favorable government policies on air pollution monitoring and management, as well as an increase in public-private partnerships for air quality monitoring, have increased the demand for air quality monitoring systems. In recent years, increasing economic conditions in developing countries have hastened the pace of industrialization, resulting in higher levels of air pollution. Toxin emissions such as carbon monoxide and sulfur dioxide poison the air. As a result, there has been an increase in the demand for air quality monitoring systems to regulate and monitor the amount of pollution in the atmosphere. Furthermore, indoor air pollution is becoming a major issue. As a result, house or building owners, industrial professionals, and facility workers install air quality monitors to ensure a healthy indoor environment. The global increase of the air quality monitoring market has been considerably fuelled by technological advancements and growing acceptance of the smart home concept.
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Air Quality Monitoring Market: Growth Dynamics
Drivers: Public and private efforts that promote environmental protection and public awareness.
A variety of positive initiatives have been implemented by the government, non-governmental organizations, and the corporate sector to minimize and reduce air pollution through public awareness campaigns and programs. Such programs and activities not only help to improve public awareness but also play a vital role in drawing international organizations' attention to the existing and future problems of air pollution that the globe faces. Many government and non-governmental groups work tirelessly to attract national and worldwide societies' attention to the devastation caused by air pollution on the health of living beings and the environment. The EPA (the United States Environmental Protection Agency), Clean Air in London (London), Little Ninja (UK), Earthjustice (US), and German VCD are some of the prominent public groups involved in raising public awareness about the environmental effects of air pollution (German Sustainable Transport Association). This feature is expected to boost market expansion in the approaching years.
Restraints: Expensive product.
The high installation and maintenance costs of traditional air monitoring systems limit market expansion. The high costs of purchasing, installing, and maintaining AQM sensors, as well as the establishment of AQM stations, are exacerbated by the implementation of stringent pollution control policies in mature markets, which necessitate regulatory compliance for effective air pollution monitoring, data collection, and data surveillance. As a result, the high installation costs of AQM stations, as well as the premium price of sophisticated monitoring systems, are expected to restrict their optimum market development over the research period—though mostly in emerging nations.
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Opportunity: R&D and technological developments are ongoing.
Continuous R&D and commercialization of advanced AQM systems (such as miniaturized devices, nanotechnology-based systems, infrared spectroscopy, and remote-sensing instruments) are likely to provide considerable growth prospects for both established and developing AQM players. As a result, a growing number of industrial actors and research institutions are working on creating and commercializing sophisticated AQM solutions. For example, nanotechnology-based AQM solutions have various procedural advantages, including real-time monitoring capabilities, device downsizing, higher analytical efficacy, and low production costs. Pipeline development and expanded market availability of technologically sophisticated air pollution monitoring systems are expected to give opportunities for market growth in the future years.
Challenge: Reforms to reduce air pollution are being implemented slowly.
The sluggish implementation of air pollution rules is one of the primary issues associated with the market for air quality monitoring systems. Several growing countries (including China and India) have been accused of being reluctant to enact severe environmental pollution monitoring standards over the last decade. Similarly, a scarcity of well-trained and skilled technical professionals to carry out pollution monitoring and control measures, as well as a lack of R&D infrastructure to develop affordable air pollution monitoring technologies in developing countries, are stifling the implementation of effective pollution monitoring and control reforms.
Global Air Quality Monitoring Market: Segmentation
By Sampling Method, the market is classified into Active/Continuous Monitoring, Manual Monitoring, Passive Monitoring, Intermittent monitoring, and Stack Monitoring. In the forecast period, the stack monitoring segment is expected to increase at the fastest rate during the forecast period. The low operational cost of stack monitoring, the increasing government attention on regulatory compliance for industrial pollution monitoring, and the expanding emphasis on pollution monitoring and control are all likely to drive the market's expansion.
By Pollutant, the market is classified into Chemical Pollutant, Nitrogen Oxides, Sulfur Oxides, Carbon Oxides, Volatile Organic Compounds, Other Chemical Pollutants, Physical Pollutant, and Biological Pollutant. The chemical pollutants category held the highest proportion of the worldwide air quality monitoring systems market in the forecast period. Globally rising levels of chemical air pollutants are attributable to market growth. Furthermore, the adoption of strict pollution monitoring and control legislation, as well as the necessity to comply with them, increased public awareness, and the development and commercialization of innovative sensors are all contributing to the growth of this market sector.
By Product, the market is classified 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. In the forecast period, indoor monitors held the greatest proportion of the worldwide AQM products market. The growing installation of AQM stations, initiatives to raise public awareness about the health implications of indoor air pollution, increasing adoption of smart home and green-building technologies, and the growing preference for pollution-free indoor environments all contribute to this market segment's dominance. Market expansion is further aided by the ongoing development and commercialization of breakthrough AQM technologies, as well as government legislation requiring frequent monitoring of indoor air quality in workplaces.
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List of Key Players of Air Quality Monitoring Market:
Key questions answered in this report:
North America is predicted to dominate the market during the forecast period and will continue to do so throughout the projected time because of the presence of significant manufacturers in the area. Additionally, because of the growing consumer preference for clean air, the United States has an impact on the regional market. Governments in the region have enforced stringent consequences for monitoring air quality, which is likely to drive market growth. Furthermore, major manufacturers' well-established distribution channels contribute to market growth.
The Asia Pacific region will grow considerably during the predicted period. Countries in this market have seen considerable increases in GDP due to regional government spending on air quality monitoring systems, upgrading of public and industrial infrastructure, and increased use of cutting-edge environmental monitoring technologies, notably in rural areas. The initiative's goal is to monitor pollution levels and provide available air quality data for cities across India. Thus driving the regional market.
Global Air Quality Monitoring Market is segmented as follows:
Air Quality Monitoring Market: By Sampling Method Outlook (2022-2028)
Air Quality Monitoring Market: By Pollutant Outlook (2022-2028)
Air Quality Monitoring Market: By Product Outlook (2022-2028)
Air Quality Monitoring Market: By End-User Outlook (2022-2028)
Air Quality Monitoring Market: By Region Outlook (2022-2028)
Middle East & Africa
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