PUBLISHER: Meticulous Research | PRODUCT CODE: 1518437
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518437
Air Quality Monitoring Market by Product Type, Sampling Method, and End User (Residential, Government & Public Utilities, Commercial End Users, and Industrial End Users) and Geography-Global Forecast to 2031.
The research report titled, 'Air Quality Monitoring Market by Product Type, Sampling Method, and End User (Residential, Government & Public Utilities, Commercial End Users, and Industrial End Users) and Geography-Global Forecast to 2031', provides an in-depth analysis of the global air quality monitoring market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The global air quality monitoring market is projected to reach $12 billion by 2031, at a CAGR of 6.6% from 2024 to 2031.
The growth of this market is driven by the increasing availability of advanced IoT-enabled air quality monitoring systems, increasing demand for smart air quality monitoring solutions for reducing pollution, and stringent government regulations regarding industrial emissions. The growing industrialization in emerging economies and technological advancements in air quality monitoring systems are expected to offer significant growth opportunities for the stakeholders in the market.
The high cost of air quality monitoring systems due to technology complexity, equipment quality, data accuracy requirements, and regulatory standards may restrain the market's growth. Furthermore, the slow implementation of air pollution control reforms worldwide and technical limitations of air quality monitoring systems are expected to challenge the growth of the air quality monitoring market.
The air quality monitoring market is segmented by product type (indoor air quality monitors and outdoor air quality monitors), sampling method (active monitoring, passive monitoring, intermittent monitoring, and other sampling methods [stack monitoring], end user (residential, government & public utilities, commercial end users (transportation & logistics, education, healthcare, shopping malls & retail stores, hospitality, airports, and other commercial end users [construction sites], industrial end users (automotive, pharmaceutical, oil & gas, chemicals, food & beverage, metal & mining, textile, agriculture, and other industrial end users [petrochemical & energy]). This study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on product type, the air quality monitoring market is segmented into indoor and outdoor air quality monitors. In 2024, the indoor air quality monitors segment is expected to account for the larger share of the global air quality monitoring market. This segment's large market share is attributed to the growing need to measure & monitor the quality of the air inside buildings, homes, offices, and other indoor spaces; increasing adoption of portable handheld devices, standalone units, and smart devices that can connect to a smartphone or home automation systems; and the increasing need to facilitate adequate ventilation, control the production of pollutants in an industrial manufacturing facility, and keep temperature & humidity level in a comfortable range.
However, the outdoor air quality monitors segment is projected to register the highest CAGR during the forecast period. The increasing need to monitor environmental conditions and potential health risks; the growing use of outdoor air quality monitors to protect public health by issuing early warnings about high levels of pollutants like PM2.5, ozone, nitrogen dioxide, and sulfur dioxide; and the growing demand for outdoor air quality monitors for industries, infrastructure, and urban planning to track emissions and ensure compliance with environmental regulations are the main drivers of this segment's high growth.
Based on sampling method, the air quality monitoring market is segmented into active monitoring, passive monitoring, intermittent monitoring, and other sampling methods. In 2024, the active monitoring segment is expected to account for the largest share of the global air quality monitoring market. The significant market share of this segment can be attributed to the increasing use of a suite of devices and sensors that actively sample and measure environmental conditions and air pollutants; the growing necessity of swift responses to conditions affecting air quality; the growing need to identify abrupt spikes in pollution levels; the provision of early warning of potential hazards to air quality, such as wildfires, industrial accidents, or other environmental incidents; and the efficacy of regulatory policies and pollution control measures over time.
Various active monitoring systems are used for regulatory compliance, ensuring that emissions from industrial facilities and transportation meet established air quality standards. If pollutant levels exceed regulatory limits, appropriate actions can be taken. Moreover, this segment is also expected to register the highest CAGR during the forecast period.
Based on end user, the air quality monitoring market is segmented into residential, government & public utilities; commercial end users; and industrial end users. In 2024, the industrial end users segment is expected to account for the largest share of the global air quality monitoring market. The growing emphasis on air quality monitoring for worker health & safety, the growing popularity of real-time air quality monitoring with automatic alert systems, the growing use of air quality monitoring data for research and development, and the growing need to identify pollution sources, evaluate the efficacy of pollution control measures, and mitigate potential health and environmental risks are all factors contributing to this segment's large market share. The development of more sustainable attitudes, pollution control methods, and cleaner technology can result from the analysis of emissions data. Moreover, this segment is also anticipated to register the highest CAGR during the forecast period.
Based on geography, the air quality monitoring market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global air quality monitoring market. North America's large market share is attributed to the increased government funding for environmental sustainability and developing policies to lower environmental pollution, increased installations of environmental monitoring stations, and the growing adoption of environmental monitoring strategies by public & private companies across the region. Technological developments in sensor technology, data analytics, and communication systems have improved the accuracy, effectiveness, and affordability of air quality monitoring systems in North America. This market's growth can be attributed to the increased adoption of air quality monitoring systems across a range of sectors, including government agencies, research institutions, industries, and commercial establishments.
However, Asia-Pacific is estimated to register the highest CAGR during the forecast period. The growth of this region is driven by the growing demand for air quality monitoring solutions due to the significant challenges posed by pollution and its impact on public health, ecosystems, and climate change; technological advancements in sensor technology, data analytics, and modeling techniques; increasing public awareness about the importance of air quality monitoring solutions; and the growing presence of well-established air quality monitoring solution providers.
The key players operating in the global air quality monitoring market are Thermo Fisher Scientific Inc. (U.S.), Emerson Electric Co. (U.S.), Siemens AG (Germany), Teledyne Technologies (U.S.), 3M COMPANY (U.S.), Merck KGaA (Germany) (a subsidiary of Merck Group), Honeywell International Inc. (U.S.), General Electric Company (U.S.), HORIBA, Ltd. (Japan), Tish Environmental, Inc. (U.S.), Testo India Pvt. Ltd. (India), Spectris plc (U.K.), Agilent Technologies, Inc. (U.S.), Chemtrols Industries Pvt. Ltd. (India), and Vasthi Instruments (India).
Air Quality Monitoring Market Assessment-by Product Type
Air Quality Monitoring Market Assessment-by Sampling Method
Air Quality Monitoring Market Assessment-by End User
Air Quality Monitoring Market Assessment-by Geography