The market for air quality monitoring is strongly influenced by implementation of stringent emission laws. Different measures were created by the governments in various regions to decrease the level of air pollution caused by industrial zones. As a result, oil & gas and power production plants must comply with these rules by installing air quality monitors to limit and monitor pollution levels. As a result, enforcement of government rules is expected to boost the global demand for air quality monitors.
Furthermore, advancements in air quality monitoring devices help to monitor air quality more efficiently. Miniaturized devices, remote-sensing equipment, infrared spectroscopy, and nanotechnology-based systems are predicted to offer considerable growth prospects for both established and developing companies in the air quality monitoring market. For instance, in June 2020, Siemens AG introduced Zephyr, a real-time accurate air quality monitoring system. End-to-end air quality may be measured and monitored in real time by completely integrating the sensor with the traffic signal control and traffic management systems.
Focus of governments on monitoring and reducing air pollution has provided significant growth opportunities for the market. For example, in February 2020, the U.S. Embassy announced plans to monitor air quality in numerous areas across North India to assist and reduce pollution levels. The decision comes after the U.S. Mission gave the Society for Indoor Environment, an Indian NGO, 58 low-cost air quality monitors and 14 weather stations. Furthermore, according to the World Air Quality Report 2020, majority of the top 10 most polluted nations in the world were from Asia-Pacific. Such factors significantly increase the demand for air quality monitoring systems.
The global air quality monitoring market is segmented into product type, pollutant type, end user, and region. By product type, the market is categorized into indoor monitor and outdoor monitor. Depending on pollutant type, the market is divided into chemical, biological and physical. On the basis of end user, it is fragmented into government & academics, oil & gas, power plants, commercial & residential and others. Region wise, the global market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
COMPETITION ANALYSIS
The key companies profiled in the air quality monitoring market report include Emerson Electric Co., General Electric Company, Siemens AG, Testo AG, 3M Company, Horiba, Ltd., Merck KGaA, Teledyne Technologies Inc., Servomex Group Ltd., and Thermo Fisher Scientific, Inc.KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and dynamics
- In-depth market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2030
- Extensive analysis of the air quality monitoring market is conducted by following key product positioning and monitoring of the top competitors within the market framework
- A comprehensive analysis of all regions is provided to determine the prevailing opportunities
- The global market forecast analysis from 2021 to 2030 is included in the report
- The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industry
KEY SEGMENTS
By PRODUCT TYPE
- Indoor Monitor
- Outdoor Monitor
By POLLUTANT
- Chemical
- Biological
- Physical
By End User
- Government & Academics
- Oil & Gas
- Power Plants
- Commercial & Residential
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Emerson Electric Co
- General Electric Company
- Siemens AG
- Testo AG
- 3M Company
- Horiba, Ltd
- Merck KGaA
- Teledyne Technologies Inc
- Servomex Group Ltd
- Thermo Fisher Scientific, Inc
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Table of Contents
Executive Summary
According to a new report titled, “Air Quality Monitoring Market by Product Type, Pollutant, and End User: global opportunity analysis and industry forecast, 2021–2030,”The global air quality monitoring market size was valued at $4.1billion in 2020, and is projected to reach $8.0 billion by 2030, registering a CAGR of 6.7% from 2021 to 2030.
Air quality monitoring device measures the amount of unwanted particles in air and harmful gases and contaminants in a given space to evaluate the purity of the air. Air quality can have an impact on the health and well-being of individuals. Sensor-based equipment are commonly used in air quality monitoring that are often employed in industrial applications to test typical airborne contaminants, with parts per billion (ppb) level detection.
Rise in level of air pollution, favorable government legislation for effective air pollution monitoring & management, and focus toward the development of environmental-friendly sectors are driving the air quality monitoring market growth. Moreover, increase in public–private investment for reducing air pollution and rise in public awareness of environmental and health consequences of air pollution contribute toward the market growth. For instance, in April 2021, the United Nations Environment Programme (UNEP) joined with the Republic of Korea's Capital Metropolitan Area to help them increase their efforts to combat air pollution in the region.
Similarly, in September 2019, 3M Company partnered with Clean Air Asia to provide air quality solution based on science for India and the Philippines. Over the next five years, 3M will help Clean Air Asia baseline air quality conditions, design air quality management capacity-building programs, implement Clean Air Action Plans with particular cities and district governments, and monitor the impact on air pollution levels.
However, during the lockdown due to the outbreak of the COVID-19 pandemic, various manufacturers in the market had to stop their business in the countries such as China, the U.S., and India. This break directly impacted sales of air quality monitoring companies. In addition, lack of manpower and raw materials constricted supply of equipment of air quality monitoring devices, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of air quality monitoring companies.
Competition Analysis
The key companies profiled in the air quality monitoring market report include Emerson Electric Co., General Electric Company, Siemens AG, Testo AG, 3M Company, Horiba, Ltd., Merck KGaA, Teledyne Technologies Inc., Servomex Group Ltd., and Thermo Fisher Scientific, Inc.
Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging air quality monitoring market trends and dynamics
- Depending on product type, the indoor air quality monitors segment dominated the air quality monitoring market share, in terms of revenue in 2020, and the outdoor air quality monitors segment is projected to grow at a significant CAGR during the forecast period
- By pollutant type, the chemical segment registered highest revenue in 2020
- By end user, the government & academics segment registered highest revenue in 2020
- Asia-Pacific is projected to register highest growth rate in the coming years
- The key players within the air quality monitoring market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the air quality monitoring industry
- The report provides an extensive analysis of the current trends and emerging opportunities of the air quality monitoring industry
Companies Mentioned
- Emerson Electric Co.
- General Electric Company
- Siemens AG
- Testo AG
- 3M Company
- Horiba, Ltd.
- Merck KGaA
- Teledyne Technologies Inc.
- Servomex Group Ltd.
- Thermo Fisher Scientific, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | February 2022 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 4178.5 million |
Forecasted Market Value ( USD | $ 8032.6 million |
Compound Annual Growth Rate | 6.8% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |