Air Quality Monitoring System Market Size, Share & Trends by Product (Indoor, Outdoor, Fixed, Portable, Wearable), Sampling, Pollutant (Chemical, Physical, Biological), End User (Govt, Petrochemical, Residential, Smart City), & Region - Global Forecast to 2028
Air Quality Monitoring System Market Size, Share & Trends
The global size of air quality monitoring system market in terms of revenue was estimated to be worth USD 4.9 billion in 2023 and is poised to reach USD 6.9 billion by 2028, growing at a CAGR of 7.0% from 2023 to 2028. The comprehensive research encompasses an exhaustive examination of industry trends, meticulous pricing analysis, patent scrutiny, insights derived from conferences and webinars, identification of key stakeholders, and a nuanced understanding of market purchasing dynamics.
The market's growth is driven by increasing expenditures to combat rising global air pollution levels, government regulations mandating effective air pollution monitoring and control, rising public-private funding for efficient monitoring systems, heightened public awareness of environmental and healthcare impacts from air pollution, and governmental initiatives promoting environmentally friendly industries.
Trends in the Air Quality Monitoring System Market
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e- Estimated; p- Projected
Dynamics of the Air Quality Monitoring System Market
Driver: Supportive initiatives by public and private sectors for environmental conservation and awareness
Various initiatives by governmental and non-governmental organizations and the private sector aim to reduce air pollution through awareness campaigns and programs. These efforts not only raise public awareness but also draw international attention to the severe health and environmental impacts of air pollution. Key public organizations involved include the United States Environmental Protection Agency (EPA), Clean Air in London, Coalition for Clean Air, Sierra Club, Union of Concerned Scientists, Mom's Clean Air Force, Global Action Plan, Little Ninja, Earthjustice, and German VCD. For example, in June 2021, the WHO and UK Government recognized National Clean Air Day, promoting activities like car-free days and tree planting, while the United Nations Environment Programme partnered with South Korea’s Capital Metropolitan Area in April 2021 to combat regional air pollution.
Restraint: High costs of products
Budget constraints may prevent governments and organizations from establishing an adequate number of monitoring stations, leading to coverage gaps in understanding pollution levels and sources. Additionally, the maintenance and calibration costs of monitoring equipment can be prohibitive for some regions or municipalities.
Addressing cost constraints often requires collaboration among governments, the private sector, and non-governmental organizations. Strategies such as government funding allocations and public-private partnerships can help mitigate these challenges.
Opportunity: Ongoing R&D and technological advancements
Continuous research, development, and commercialization of advanced air quality monitoring systems (including nanotechnology-based solutions, infrared spectroscopy, and remote-sensing instruments) present growth opportunities for both established and emerging players in the market. Innovations like nanotechnology-based products offer benefits such as real-time monitoring, miniaturization, enhanced analytical capabilities, and cost-effective manufacturing.
Recent advancements include the development of a low-power gas sensor nano-chip by international researchers, enabling the creation of personal air-quality monitoring devices. This nanochip sensor uses a chemical-sensitive field-effect transistor (CS-FET) platform based on 3.5-nanometer-thin silicon channel transistors (Source: American Association for the Advancement of Science journal). The expansion of technologically advanced air pollution monitoring systems into the market pipeline is expected to drive future growth.
Challenge: Installation and management of big data
Installing air quality monitoring systems in rural or remote areas poses logistical and financial challenges due to infrastructure limitations. Moreover, managing the substantial volume of data generated by these systems requires efficient data management systems, which can be particularly daunting for smaller organizations or those lacking experience in handling large datasets.
Air quality monitoring systems utilize diverse technologies and formats, complicating data integration and comparison across different sources. Standardization and compatibility issues may impede effective data analysis and policy formulation.
Market Ecosystem
By product, the largest market share in the air quality monitoring system industry during the forecast period was held by indoor monitors.
The air quality monitoring system market, based on product, is segmented into indoor monitors, outdoor monitors, and wearable monitors. Indoor monitors further divide into fixed and portable types. In 2022, indoor monitors dominated the global market due to increasing demand for pollution-free indoor environments, rising awareness of indoor air pollution's health impacts, and the adoption of smart home and green-building technologies.
By pollutant, chemical pollutants had the largest share in the air quality monitoring system industry during the forecast period.
The market, categorized by pollutant, includes chemical, physical, and biological pollutants. Chemical pollutants, such as nitrogen oxides and volatile organic compounds, commanded the largest segment in 2022. Growth is fueled by increasing chemical pollutant levels globally, stringent pollution monitoring regulations, rising public awareness, and advancements in sensor technologies.
By sampling method, stack monitoring is anticipated to exhibit significant growth in the air quality monitoring system industry during the forecast period.
Classified by sampling method, the market comprises active, intermittent, continuous, passive, manual, and stack monitoring. Stack monitoring showed notable growth in 2022, driven by supportive regulations, technological advancements, and the widespread deployment of continuous monitoring systems. However, challenges such as high costs and training requirements may temper future growth.
By End User, government agencies and academic institutes are expected to experience the fastest growth in the air quality monitoring system industry during the forecast period.
The global market, segmented by end user, includes government agencies, academic institutes, commercial and residential users, petrochemical industry, power generation plants, pharmaceutical industry, smart city authorities, and other users. Government agencies held a substantial share in 2022 and are poised for rapid growth, driven by stringent environmental regulations, increased research collaborations, rising government investments, and expanded installation of monitoring stations.
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The Asia Pacific region is expected to register the highest CAGR in the air quality monitoring system industry during the forecast period.
The Asia Pacific market is projected to achieve significant growth, fueled by increased government spending on air quality monitoring, adoption of advanced environmental monitoring technologies, and infrastructure modernization due to rising disposable incomes and GDPs across the region.
As of 2022, prominent players in the air quality monitoring system market include Thermo Fisher Scientific (US), Emerson Electric (US), GE Healthcare (US), Siemens AG (Germany), Teledyne Technologies (US), 3M Company (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Spectris plc (UK), Honeywell International Inc (US), TSI Incorporated (US), Tisch Environmental Inc. (US), and Testo (Germany), among others.
Scope of the the Air Quality Monitoring System Industry
|
Report Metric |
Details |
|
Market Revenue in 2023 |
$4.9 billion |
|
Projected Revenue by 2028 |
$6.9 billion |
|
Revenue Rate |
Poised to Grow at a CAGR of 7.0% |
|
Market Driver |
Favorable public & private initiatives for environmental conservation and public awareness |
|
Market Opportunity |
Continuous R&D and technological advancements |
This report has segmented the global air quality monitoring system market to forecast revenue and analyze trends in each of the following submarkets:
By Sampling Method
- Active/Continuous Monitoring
- Manual Monitoring
- Passive Monitoring
- Intermittent Monitoring
- Stack Monitoring
By Pollutant
- Chemical Pollutants
- Nitrogen Oxides
- Sulfur Oxides
- Carbon Oxides
- Volatile Organic Compounds
- Other Chemical Pollutants
- Physical Pollutants
- Biological Pollutants
By Product
- Indoor Monitors
- Fixed Indoor Monitors
- Portable Indoor Monitors
- Outdoor Monitors
- Portable Outdoor Monitors
- Fixed Outdoor Monitors
- Dust & Particulate Matter Monitors
- AQM Stations
- Wearable Monitors
By End user
- Government Agencies and Academic Institutes
- Commercial and Residential Users
- Petrochemical Industry
- Power Generation Plants
- Pharmaceutical Industry
- Smart City Authorities
- Other end Users
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Recent Developments of Air Quality Monitoring System Industry
- 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.
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global air quality monitoring system market?
The global air quality monitoring system market boasts a total revenue value of $6.9 billion by 2028.
What is the estimated growth rate (CAGR) of the global air quality monitoring system market?
The global air quality monitoring system market has an estimated compound annual growth rate (CAGR) of 7.0% and a revenue size in the region of $4.9 billion in 2023.
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This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Secondary Research
The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the air quality monitoring systems market. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the air quality monitoring systems market. The primary sources from the demand side include medical OEMs, Analytical instrument OEMs, CDMOs, and service providers, among others. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends & key market dynamics.
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
Note: Companies are classified into tiers based on their total revenue. As of 2022, Tier 1 = >USD 10.00 billion, Tier 2 = USD 1.00 billion to USD 10.00 billion, and Tier 3 = <USD 1.00 billion.
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Market Estimation Methodology
In this report, the global air quality monitoring systems market size was arrived at by using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the air quality monitoring systems business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.
To calculate the global market value, segmental revenues were calculated based on the revenue mapping of major solution/service providers. This process involved the following steps:
- Generating a list of major global players operating in the air quality monitoring systems market
- Mapping annual revenues generated by major global players from the air quality monitoring systems segment (or nearest reported business unit/product category)
- Revenue mapping of key players to cover major share of the global market, as of 2022
- Extrapolating the global value of the air quality monitoring systems industry
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the global air quality monitoring systems market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the air quality monitoring systems market was validated using both top-down and bottom-up approaches.
Market Definition
Air quality monitoring is the systematic approach to observing and studying air pollution through the analysis of various parameters, such as particulate matter, specific microbes, and the level of gaseous pollutants in an air sample. This approach is mainly used to evaluate and monitor changes in air quality parameters as well as to assess the impact of air pollution on human health and the environment.
Key Market Stakeholders
- Manufacturers and distributors of air quality monitoring products
- Air quality monitoring software developers
- Research laboratories and academic institutes
- Air pollution monitoring committees
- Pharmaceutical and biotechnology companies
- Government and non-government agencies
- National and regional air pollution control boards and organizations
- Petrochemical and biofuel product manufacturing companies
- Metal and mining companies
- Oil and gas production and distribution companies
- Gas operators, distributors, and regulators
- Power generation and power distribution units
- Municipalities and municipal corporations
- Sewage and wastewater treatment plants
- Food & beverage manufacturing companies
- Market research and consulting firms
Objectives of the Study
- To define, describe, and forecast the air quality monitoring systems market on the basis of product, sampling method, pollutant, end user, and region
- To provide detailed information regarding the major factors influencing the growth potential of the global air quality monitoring systems market (drivers, restraints, opportunities, challenges, and trends).
- To analyze the micro markets with respect to individual growth trends, future prospects, and contributions to the global air quality monitoring systems market.
- To analyze key growth opportunities in the global air quality monitoring systems market for key stakeholders and provide details of the competitive landscape for market leaders.
- To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Italy, Spain, and the RoE), Asia Pacific (Japan, China, India, Australia, South Korea, ASEAN region and the RoAPAC), and rest of the world.
- To profile the key players in the global air quality monitoring systems market and comprehensively analyze their market shares and core competencies.
- To track and analyze the competitive developments undertaken in the global air quality monitoring systems market, such as product launches, agreements, expansions, and & acquisitions.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present global air quality monitoring systems market report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of the top fifteen companies
Company Information
- Detailed analysis and profiling of additional market players (up to 15)
Geographic Analysis
- Further breakdown of the Rest of Europe air quality monitoring systems market into Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal among other
- Further breakdown of the Rest of Asia Pacific air quality monitoring systems market into Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
- Further breakdown of the Rest of the Latin America air quality monitoring systems market into Argentina, Chile, Peru, and Colombia, among other
Generating Response ...
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