[206+ Pages Report] The latest finding surrounding the “Global Air Quality Monitoring System Market” published by Facts & Factors offers a neatly packaged and comprehensive read. In this report, the global air quality monitoring systems market will reach a projected value of USD 6.2 Billion by 2026 with a growth rate of 6.5% CAGR from an initial value of USD 4.3 Billion in the year 2020.
Air quality monitoring systems (AQMS) are equipment that has the ability to regulate wind speed, direction, and other weather parameters in terms of measuring the concentration of air pollutants such as SO2, NOx, CO, O3, and THC. The measures data has the ability to be monitored remotely and exported in various formats for the local users and authorities. It is then published after being converted into readable and scalable data that the layman can understand in the form of charts and figures.
The global air quality monitoring system market is occupied by driving factors such as the rising levels of air pollution, increasing number of supportive government initiatives, and increasing consumer awareness regarding environmentally friendly measures to name a few. Additionally, increasing public-private funding for effective air pollution solutions coupled with a continuous cycle of R&D activities is expected to increase the footprint of the global air quality monitoring system market during the advent of the forecast period. Moreover, technological advancements coupled with increasing incidences of asthma, chronic obstructive pulmonary disease, lung cancer, and cardiovascular problems are expected to fuel the growth of the global air quality monitoring system market during the advent of the forecast period.
The global air quality monitoring system market is driven by rising air pollutants on a global purview coupled with significant influence on the atmosphere such as acid rain, rising toxic levels, and global warming to name a few. The rising adoption of air quality monitoring systems in the sector of manufacturing, automotive, and oil & gas coupled with rising collaborations and mergers & acquisitions is expected to fuel the growth of the global air quality monitoring system market during the advent of the forecast period. However, a higher cost of implementation coupled with a high production cost is expected to hamper the growth of the global air quality monitoring system market during the advent of the forecast period.
The global air quality monitoring system market is segmented into product, pollutant type, component, end-user, and regions.
On the basis of product, the global air quality monitoring system market is divided into indoor and outdoor. The outdoor installations segment is expected to witness the largest market share during the advent of the forecast period owing to increased integration of activities in association with smart cities coupled with rising government mandates for improving air quality in their boroughs to name a few. Based on pollutant type, the global air quality monitoring system market is classified into chemical and physical. The segment pertaining to chemicals is expected to occupy the largest market share during the advent of the forecast period owing to rising vehicular emissions such as carbon monoxide coupled with an increasing number of capnography tests towards anesthesia and intensive medical services to name a few. On the basis of components, the global air quality monitoring system market is fragmented into hardware, software, and services. The hardware category is expected to witness the largest market share during the advent of the forecast period owing to the rising number of system integrators in the sector coupled with the integration of IoT-based services in the latter to name a few. On the basis of end-user, the global is categorized into residential, commercial, and industrial. The segment pertaining to industrial is expected to witness the largest market share during the advent of the forecast period owing to increasing adoption of air quality monitoring systems from various sectors coupled with increasing demand for natural gas and petroleum sources to name a few.
Report Attribute |
Details |
Market Size in 2020 |
USD 4.3 Billion |
Projected Market Size in 2026 |
USD 6.2 Billion |
CAGR Growth Rate |
6.5% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
3M Manufacturing, Emerson Electric Co., General Electric Company, HORIBA Ltd., Merck, Siemens AG, Teledyne Technologies Incorporated, Thermo Fischer Scientific, Inc., PerkinElmer, Inc., Agilent Technologies, Inc., Spectris plc., Honeywell International, Inc., TSI Incorporated, and Tisch Environmental, among others. |
Key Segment |
Product, Pollutant Type, Component, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Purchase Options |
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North America is expected to witness the largest market share during the advent of the forecast period owing to rising levels of acidic rains in the region coupled with an increasing amount of government-based initiatives for improving air quality to name a few. Additionally, the presence of well-established distribution channels and rising disposable income among consumers leading to an increased volume of indoor air quality monitoring systems will lead to an increased footprint for the air quality monitoring system market during the advent of the forecast period. Asia-Pacific is expected to witness the fastest growing CAGR during the advent of the forecast period owing to the increasing prevalence of respiratory and cardiovascular diseases in the region coupled with favorable government policies to name a few.
The key market participants for the global air quality monitoring system market are :
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