Air Quality Monitoring System Market

Market Leader - Air Quality Monitoring Systems Market

The global air quality monitoring systems market is valued at USD 4.4 billion in 2021 and is expected to reach USD 5.9 billion by 2026, at a CAGR of 6.5% during the forecast period.

Technological advancements in air quality monitoring systems, rising levels of air pollution, supportive government regulations for effective air pollution monitoring and control, and ongoing initiatives toward the development of environment-friendly industries are the major factors that drives the growth of this market. Adding to this, increasing public-private funding for effective air pollution monitoring, and the increasing public awareness related to the environmental and healthcare implications of air pollution also supports the growth of this market. 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.

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The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2018–2020 to expand their global presence and increase their market shares in the air quality monitoring systems market. The key growth strategies adopted by the top players in the market include product launches and approvals, agreements, expansions, and acquisitions. Product approvals and launches were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market. In 2020, the air quality monitoring systems market was dominated by Thermo Fisher Scientific (US), 3M (US), Siemens (Germany), Teledyne Technologies (US), and General Electric (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. Recently 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 recent 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) 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.

Related Reports:

Air Quality Monitoring System Market by Product (Indoor, Outdoor, Wearable), Sampling (Stack, Manual, Passive), Pollutants (Chemical, Particulate Matter, Biological), User (Government, Petrochemical, Power plant, Residential) - Global Forecasts to 2026

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
[email protected]

Air Quality Monitoring System Market Size,  Share & Growth Report
Report Code
AST 3795
RI Published ON
8/23/2021
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