Blockchain Press Releases
Air Quality Monitoring System Market worth $6.9 Billion | MarketsandMarkets
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.
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Browse in-depth TOC on “Air Quality Monitoring System Market”
120 – Tables
31 – Figures
180 – Pages
Air Quality Monitoring System Market Scope:
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Report Coverage |
Details |
|
Market Revenue in 2023 |
$4.9 Billion |
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Estimated Value by 2028 |
$6.9 Billion |
|
Growth Rate |
Poised to grow at a CAGR of 7.0% |
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Market Size Available for |
2021–2028 |
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Forecast Period |
2023–2028 |
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Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
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Segments Covered |
Sampling Method, Pollutant, Product, End Users and Region |
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Geographies Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
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Report Highlights |
Updated financial information / product portfolio of players |
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Key Market Opportunities |
Continuous R&D and technological advancements |
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Key Market Drivers |
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.
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.
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.
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Air Quality Monitoring System Market Dynamics:
Drivers:
- Active government initiatives for air pollution monitoring and control
- Growing concerns over rising air pollution
- Favorable public and private initiatives for environmental conservation and public awareness
Restraints:
- High product costs
- Technical limitations associated with a majority of AQM products
Opportunities:
- Continuous R&D and technological advancements
- Expected post-COVID-19 expansion of the petrochemical and power generation industries
Challenges:
- Slow implementation of air pollution control reforms
- 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.
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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.
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Blockchain Press Releases
Bybit Partnered with University of Wollongong in Dubai to Host Exclusive Demo Trading Challenge
DUBAI, UAE, March 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered exclusively with the University of Wollongong in Dubai (UOWD) to host a Demo Trading Challenge & Workshop at UOWD campus. This initiative equipped students from Business Analysis, Finance, Accounting, and other business-related disciplines with practical trading knowledge, enhanced their understanding of cryptocurrency markets, and bridged the gap between academic theory and real-world trading strategies.
UOWD, the UAE’s first international Australian university, is recognized for its commitment to academic excellence and industry collaboration. Accredited by both the UAE Ministry of Education and Australia’s Tertiary Education Quality and Standards Agency (TEQSA), UOWD has played a key role in developing future business and finance leaders.
Bybit leveraged this collaboration to strengthen its ties with UOWD, increase brand visibility within the academic community, and introduce students to the Bybit trading ecosystem. Additionally, this initiative aligned with Bybit’s broader strategy to identify and recruit top-tier fresh graduates, expanding its talent pipeline in the region.
The workshop provided participants with hands-on experience using Bybit’s demo trading platform, allowing them to navigate market fluctuations in real time while learning key strategies from industry experts. The event culminated in a competitive trading challenge, where students applied their newly acquired knowledge in a dynamic, risk-free environment.
Attendees also gained insights from a lineup of distinguished speakers alongside Bybit’s senior product managers specializing in trading bots, copy trading, and demo trading. Their expertise gave students a deeper understanding of spot and contract trading processes, market data analysis, and risk management.
“At Bybit, we believe that financial literacy and hands-on experience are key to unlocking opportunities in the digital economy,” said Phoebe Peng, Head of Organization Development at Bybit. “Through this collaboration with UOWD, we empowered the next generation of professionals with the skills and knowledge needed to thrive in the evolving world of cryptocurrency trading.”
This partnership underscored Bybit’s dedication to fostering financial literacy and talent development within the digital asset ecosystem. Bybit continues to expand its engagement with educational institutions worldwide, creating opportunities for emerging professionals to explore the potential of Web3 and decentralized finance.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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SHANGHAI, March 18, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading Bitcoin mining company with an automotive transaction service in China, today announced that it has been included in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management on March 11, 2025. The exchange-traded fund (ETF) tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to forward-looking publicly traded corporations holding a minimum of 1,000 Bitcoins on their balance sheets.
“We are proud to be included in the recently launched Bitwise Bitcoin Standard Corporations ETF. Our inclusion highlights the industry’s acknowledgement of our strategic pivot to Bitcoin mining and significant achievements in such a short time,” said Mr. Jiayuan Lin, Chief Executive Officer of Cango. “As a forward-looking company, our future-ready business model ensures we are well-positioned for sustained growth, global expansion, and operational flexibility in the Bitcoin mining sector in 2025 and beyond.”
Since transitioning to a capital-light Bitcoin mining model in Q4 2024, Cango has achieved a number of milestones, including leading the industry in productivity per hash rate with 17.81 Bitcoin per EH/s and securing a hashrate of 32 EH/s, ranking 3rd globally.
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Headquartered in Shanghai, China, Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s goal and strategies; Cango’s expansion plans; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; Cango’s expectations regarding keeping and strengthening its relationships with dealers, financial institutions, car buyers and other platform participants; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Yihe Liu
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: [email protected]
Helen Wu
Piacente Financial Communications
Tel: +86 10 6508 0677
Email: [email protected]
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Blockchain Press Releases
BingX Levels Up Trading Experience with CScalp’s Advanced Features & Fee Discounts
PANAMA CITY, Panama, March 18, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its integration with CScalp, a free and powerful trading terminal designed for active cryptocurrency and futures traders. This partnership aims to provide BingX users with advanced trading tools and a seamless trading experience across multiple exchanges.
CScalp is renowned for its robust features tailored for scalping and intraday trading. The platform allows traders to operate across multiple exchanges and trade different instruments within a single interface. Its user-friendly interface and comprehensive tools are optimized for quick market analysis, one-click order placement, and efficient position management.
With this integration, BingX users can now leverage CScalp’s capabilities to enhance their trading strategies. The platform’s features, such as multi-account management, stable connection, and customizable workspace, will enable users to execute trades more efficiently and effectively. BingX users can also benefit from discounts on exchange fees, access to trading signals, and an active trader community, fostering a more informed and cost-effective trading experience.
“We are thrilled to integrate BingX with CScalp, providing our users with a powerful tool to enhance their trading experience”, said Vivien Lin, Chief Product Officer of BingX. “This collaboration underscores our commitment to offering innovative solutions that cater to the diverse needs of our trading community.”
This integration not only benefits individual traders but also strengthens BingX’s position in the market by offering a more versatile and user-centric platform. By aligning with CScalp, BingX continues to demonstrate its dedication to providing cutting-edge tools and services that empower its users to navigate the dynamic cryptocurrency trading landscape with confidence.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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