CHICAGO, Aug. 1, 2023 /PRNewswire/ — In the near future, the air quality monitoring system industry is poised for remarkable growth and innovation as society continues to prioritize environmental sustainability and public health. Rapid advancements in technology, such as the integration of Internet of Things (IoT) and artificial intelligence, will revolutionize air quality monitoring, enabling real-time data collection, analysis, and dissemination on an unprecedented scale. These smart monitoring solutions will be deployed in urban areas, industrial sites, and residential spaces, offering comprehensive insights into pollutant levels and their sources. Government regulations mandating stringent air quality standards will fuel demand for cutting-edge monitoring systems, fostering a competitive landscape among industry players. Additionally, public awareness of air pollution’s adverse effects on human health will drive consumer adoption of personalized indoor air quality monitors. Overall, the air quality monitoring system industry is on the cusp of transformative growth, ushering in a cleaner and healthier future for all.

Air Quality Monitoring System Market in terms of revenue was estimated to be worth $4.9 Billion in 2023 and is poised to reach $6.9 Billion by 2028, growing at a CAGR of 7.0% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of this market is majorly driven by factors such as rise in the air pollution levels, development initiatives of environment-friendly industries, and supportive government regulations for effective air pollution monitoring and control. Adding to this, rising public-private funding for air pollution monitoring, and the increasing public awareness related to the environmental and healthcare implications of air pollution also helps the growth of this market during the forecast period.

Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183784537

Browse in-depth TOC on “Air Quality Monitoring System Market”
120 – Tables
31 – Figures
180 – Pages

Air Quality Monitoring System Market Scope:

Advertisement

Report Coverage	Details
Market Revenue in 2023	$4.9 Billion
Estimated Value by 2028 Advertisement	$6.9 Billion
Growth Rate	Poised to grow at a CAGR of 7.0%
Market Size Available for	2021–2028 Advertisement
Forecast Period	2023–2028
Forecast Units	Value (USD Billion)
Report Coverage Advertisement	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Sampling Method, Pollutant, Product, End Users and Region
Geographies Covered	North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Advertisement
Report Highlights	Updated financial information / product portfolio of players
Key Market Opportunities	Continuous R&D and technological advancements
Key Market Drivers Advertisement	Favorable public & private initiatives for environmental conservation and public awareness

The stack monitoring segment is expected to register the highest growth in the forecast period of 2023-2028

Based on the sampling method, the air quality monitoring system is segmented into active/continuous, intermittent, passive, manual, and stack monitoring. In 2022, the active/continuous monitoring segment accounted the largest share of the global air quality monitoring systems market, whereas during the forecast period, the stack monitoring segment is projected to grow at the highest CAGR. Stack monitoring helps assess the emissions of harmful pollutants from industrial sources. By measuring and tracking these emissions, regulatory authorities can ensure that industries are complying with environmental regulations and emission standards, thus reducing the negative impact of industrial activities on the environment. The rising government emphasis on regulatory compliance for industrial pollution monitoring, low operational cost of stack monitoring, and the increasing emphasis on pollution monitoring & control are factors expected to support the growth of this market.

The fixed indoor monitors subsegment of indoor monitors holds the largest market share in 2022

On the product, the air quality monitoring systems market is classified into Indoor monitors,outdoor monitors and wearables. The indoor monitors is further classified into Fixed indoor and Portables Indoor,..In 2022, the fixed indoor monitors accounted for the largest share of the indoor monitors, primarily due to the growing need of controlled indoor environment maintainence and atmospheric gases and air pollutants levels monitoring inside facilities like manufacturing units, laboratories, and storage area, among others, particularly in pharma industries, biotech and microbiology industries, F&B industries, cosmetic industries, etc. Furthermore, another major factor driving the growth of the fixed indoor monitors market is the rising trend of development of commercial sites as smart buildings which can connect and communicate with technologically advanced devices for better air quality monitoring.

Advertisement

By Pollutant, Chemical Pollutant is witnessed to account for the largest segment of air quality monitoring systems in 2022.

Based on pollutant type, the global air quality monitoring systems market is segmented into chemical pollutants, physical pollutants, and biological pollutants.The chemical pollutants account for the highest growth in the Air quality monitoring systems market in 2022. In 2028, this segment is projected to reach USD 5.09 billion. Market growth is mainly attributed to the global rise in the levels of chemical air pollutants. In addition, the development and commercialization of innovative sensors, growing public awareness, and the implementation of stringent pollution monitoring and control regulations are supporting the growth of this market segment.

Government agencies and academic institutes accounted for the largest share of the global air quality monitoring systems market in 2022.

Based on end users, government agencies and academic institutes accounted for the largest segment in the air quality monitoring systems market due to the following attributes-. Accurate and up-to-date air quality data is crucial for evidence-based policymaking. Government agencies use monitoring data to develop and implement effective air quality management strategies and policies. These policies may include emission reduction programs, industrial regulations, transportation planning, and other initiatives to improve air quality. Monitoring air quality is crucial for protecting public health. Poor air quality can lead to a range of health problems, including respiratory and cardiovascular diseases. Government agencies track air pollution levels to assess potential health risks for the population and implement measures to reduce exposure to harmful pollutants.

By Region, Asia Pacific is expected to see the highest growth in the air quality monitoring systems market in 2022.

Advertisement

The global air quality monitoring systems market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America accounts for the major share while asia pacific is witnessed to have the highest growth.

North America has well-established environmental regulations that govern air quality standards and emissions from industrial facilities. Compliance with these regulations requires the use of air quality monitoring systems, which has driven demand in the region. North America is home to several leading air quality monitoring system manufacturers and technology developers. The region’s focus on research and development has resulted in innovative monitoring solutions that attract buyers from both domestic and international markets.

On a global scale, APAC is among the major contributors to air pollution and also due to growing pollution levels has a large patient population. The APAC region is experiencing increasing demand for air quality sensors and monitors that are mainly driven by large-scale industrialization, continuous government support for the development and commercialization of advanced products and implementation of stringent air pollution regulations across major Asian countries.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=183784537

Air Quality Monitoring System Market Dynamics:

Advertisement

Drivers:

1. Active government initiatives for air pollution monitoring and control
2. Growing concerns over rising air pollution
3. Favorable public and private initiatives for environmental conservation and public awareness

Restraints:

1. High product costs
2. Technical limitations associated with a majority of AQM products

Opportunities:

1. Continuous R&D and technological advancements
2. Expected post-COVID-19 expansion of the petrochemical and power generation industries

Challenges:

1. Slow implementation of air pollution control reforms
2. Availability of alternate monitoring solutions

Key Market Players:

As of 2022, the air quality monitoring systems market was dominated by Thermo Fisher Scientific (US), 3M (US), Siemens (Germany), Teledyne Technologies (US), GE Healthcare (US), Emerson Electric Company (US), Honeywell International Inc (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), and TSI Incorporated (US), among others.

Recent Developments:

• In March 2023, Siemens AG launched Connect Box, an open and easy-to-use IoT solution designed to manage small to medium-sized buildings.
• In January 2023, Thermo Fisher Scientific acquired the Binding Site Group, this would help in expanding the company’s existing specialty diagnostics portfolio.
• In January 2023, Teledyne Technologies Incorporated acquired ChartWorld, thus expanding the portfolios of Teledyne Marine segment. Teledyne now provides the electronic navigation charts and other value-added software information services directly to vessel pilots, owners and operators.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=183784537

Air Quality Monitoring System Market Advantages:

• Public Health Protection: Air quality monitoring systems play a critical role in safeguarding public health by providing real-time data on pollutant levels. This information allows authorities and individuals to take preventive measures, reducing exposure to harmful substances and minimizing the risk of respiratory and cardiovascular diseases.
• Environmental Conservation: Monitoring air quality is essential for understanding the impact of human activities on the environment. By identifying pollution sources and trends, policymakers can implement targeted strategies to mitigate emissions, conserve ecosystems, and protect biodiversity.
• Compliance with Regulations: Governments worldwide are introducing stringent air quality standards to control emissions and curb pollution. Industries and businesses rely on air quality monitoring systems to ensure compliance with these regulations, avoiding costly fines and reputational damage.
• Early Warning Systems: Advanced air quality monitoring technologies offer early warning capabilities, alerting communities to potential pollution events or industrial accidents. This early warning system enables prompt evacuation or precautionary measures, enhancing overall safety.
• Data-Driven Decision Making: Accurate and comprehensive air quality data empowers decision-makers in various sectors, including urban planning, transportation, and industrial operations. It enables evidence-based policy formulation and targeted interventions to improve air quality effectively.
• Technological Advancements: The industry’s ongoing technological advancements, such as IoT integration, miniaturization, and data analytics, enhance the capabilities of air quality monitoring systems. These innovations lead to more cost-effective solutions, greater efficiency, and wider accessibility.
• Global Awareness and Collaboration: The rising global awareness of environmental issues has fostered international collaboration in addressing air quality concerns. Standardized monitoring systems and data sharing across borders facilitate collective efforts to combat air pollution on a global scale.
• Personalized Health Insights: Indoor air quality monitors offer individuals valuable insights into the air they breathe within their homes and workplaces. This empowers them to make informed lifestyle choices and take preventive measures to create healthier living environments.
• Research and Data Analysis: The wealth of data collected by air quality monitoring systems supports ongoing research and analysis, facilitating a deeper understanding of air pollution’s complex dynamics. Such research contributes to the development of effective long-term strategies and solutions.
• Corporate Social Responsibility: Companies and organizations investing in air quality monitoring systems showcase their commitment to environmental stewardship and social responsibility. Implementing these systems demonstrates a proactive approach to reducing their environmental impact and promoting sustainable practices.
• In conclusion, the air quality monitoring system market brings numerous advantages that encompass public health, environmental protection, regulatory compliance, data-driven decision-making, and societal responsibility, contributing to a cleaner and healthier future for communities around the world.

Related Reports:

Particle Counters Market – Global Forecasts to 2027

Advertisement

Radiation Detection Monitoring Safety Market – Global Forecasts to 2027

Particle Size Analysis Market – Global Forecasts to 2026

Environmental Monitoring Market – Global Forecasts to 2026

Radiation Dose Management Market – Global Forecasts to 2025

About MarketsandMarkets™:

Advertisement

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/air-quality-monitoring-equipment-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/air-quality-monitoring-equipment.asp

Advertisement

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/air-quality-monitoring-system-market-worth-6-9-billion–marketsandmarkets-301890080.html