The global air quality monitoring systems market is projected to reach USD 6.9 billion by 2028 from USD 4.9 billion in 2023, growing at a CAGR of 7.0% during the forecast period. Initiatives toward the development of environment-friendly industries, technological advancements in air quality monitoring systems and supportive government regulations for effective air pollution monitoring and control primarily drives the growth of this market in air quality monitoring systems, increasing public awareness related to the environmental and healthcare implications of air pollution and increasing public-private funding for effective air pollution monitoring further supports the market growth. However, high costs associated with the purchase, installation, and maintenance of AQM sensors as well as high establishment costs for AQM stations, and technical limitations, such as low data accuracy and reliability, need for regular device calibration and maintenance, and sampling issues are the major factors that are expected to restrain the growth of this market during the forecast period.
The air quality monitoring systems business is very competitive, with both established companies and newcomers competing for the same market share. As of 2022, the key players operating in the global air quality monitoring systems market are Thermo Fisher Scientific (US), 3M (US), Siemens (Germany), Teledyne Technologies (US), and GE Healthcare (US) among others.
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Thermo Fisher Scientific (US)
Thermo Fisher Scientific (US) is one of the leading providers in the global air quality monitoring systems market. Its vast product range and wide geographical presence across key markets like North America, Europe, the APAC, and Africa are the key factor accounting for its large share in this market. Thermo Fisher has a robust product portfolio consisting of gas analyzers, air samplers, monitoring systems, particulate matter monitors, probes and other accessories, and focuses on vigorous R&D activities and continuous product development. In March 2021, the company launched the Thermo Scientific AerosolSense Sampler which is a surveillance solution for in-air pathogens, including SARS-CoV-2. Other product launches include Orbitrap exploris GC 240 MS, Orbitrap Exploris GC-MS, TriPLus 500 gas chromatography headspace autosampler, SOLA iQ total sulfur analyzer and TSQ 9000 triple quadrupole GC-MS systems, among others. Their products are manufactured according to international safety standards, thus making firm a leading player in this market.
Siemens AG (Germany)
Siemens AG (Germany) is also a leading player in the global air quality monitoring systems market, owing to its wide geographic presence and strong R&D capabilities. Siemens has a robust sales and distribution network in more than 190 countries, inclusive of Europe, the Americas, APAC, the Middle East, and Africa. The company has a robust manufacturing base with ~285 major production and manufacturing facilities located across the world. A vast product range and continuous product development owing to huge investment in significant R&D initiatives is expected to strengthen its position in the AQM market. Siemens also has a strong presence in the CO2 and O2 measurement industry owing to its Symaro range of air quality sensors, used for demand-controlled ventilation. Siemen’s strong industry presence and robust brand recognition in the AQM market is expected to increase its market share during the forecast period significantly.
Air Quality Monitoring System Market by Product (Indoor, Outdoor, Fixed, Portable, Wearable), Sampling, Pollutant (Chemical, Physical, Biological), End-User (Govt, Petrochemical, Residential, Smart City), & Region – Global Forecast to 2028
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