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Air Quality Monitoring Equipment Market to Hit US$ 4.7 Bn by 2031

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Air Quality Monitoring Equipment Market to Hit US$ 4.7 Bn by 2031

June 22
15:21 2021
Air Quality Monitoring Equipment Market is mainly driven by rising concerns pertaining to ill effects on air pollution on the health of citizens in addition to prompt efforts by governments of various countries to curb air pollution.

Transparency Market Research delivers key insights on the global air quality monitoring equipment market. In terms of revenue, the global air quality monitoring equipment market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global air quality monitoring equipment market.

Air quality monitoring equipment are used for monitoring the levels of pollution in the atmosphere. These equipment help in keeping a track of the pollution level and air quality to avoid fatigue, discomfort, and dizziness, which further hampers the overall productivity level. The global air quality monitoring equipment market is primarily driven by rising concerns pertaining to ill effects of air pollution on the health of citizens in addition to prompt efforts by governments of various countries to curb air pollution. Based on type, air quality monitoring equipment market has been classified into indoor air quality monitoring equipment and outdoor air quality monitoring equipment. Among these, outdoor air quality monitoring equipment are largely being adopted, as they are useful to monitor the levels of pollution present in the atmosphere. In terms of application, the global air quality monitoring equipment market has been segmented into industrial, commercial, and residential. The industrial sector is increasingly adopting air quality monitoring equipment, and governments of multiple countries are focusing on implementing stringent rules to reduce air pollution. This, in turn, is expected to boost the global air quality monitoring equipment market during the forecast period.

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Air Quality Monitoring Equipment Market: Dynamics

The adoption of air quality monitoring equipment in smart city projects is growing. Moreover, with the emergence of smart cities, population and number of vehicles have also increased. This has led to a rise in air pollution. Thus, efficient management of air quality plays an important role in smart cities. Air quality monitoring equipment have been evolving, led by the rising trend of Internet of Things (IoT). Air quality monitoring sensors used in large numbers in these equipment help in collecting huge volumes of data related to air quality. This data is useful while making decisions pertaining to air pollution. Several smart cities across the globe are installing air quality monitors to evaluate air pollution. In 2019, in London (the U.K.), an air quality monitoring network equipped with a large number of air quality monitors was launched to improve the quality of air in the city. Thus, growth in the number of smart city projects across the world is expected to boost the demand for air quality monitoring equipment in the near future.

Furthermore, India and the U.K. entered into a strategic partnership in the year 2019 to build a comprehensive air quality monitoring system that can measure air pollution. This partnership led to the installation of air quality monitoring systems in Bengaluru, India, to measure the air pollution level by collecting data from sensors. Additionally, several manufacturers are focusing on the development of technologically advanced air quality monitoring equipment to curb air pollution effectively. Furthermore, the demand for air quality monitoring equipment is rising among consumers for use in homes, owing to increased awareness about air quality monitoring at residential places and adoption of smart buildings. This is anticipated to be a prominent factor propelling the global air quality monitoring equipment market during the forecast period.

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Air Quality Monitoring Equipment Market: Prominent Regions

Asia Pacific is the dominant region in the global air quality monitoring equipment market. The growth of the market in the region can be attributed to the rising adoption of air quality monitoring equipment in the industrial sector. Air quality monitoring equipment are used in various sectors, which include industrial, commercial, and residential. Among these, the equipment are largely used in industrial applications, such as power & utilities, construction, mining, and oil & gas. This is attributable to increasing awareness about monitoring of air quality among environmental protection agencies in various countries. Moreover, an increasing number of air quality monitoring stations is expected to further drive the air quality monitoring equipment market in the region during the forecast period. Additionally, multiple manufacturers of air quality monitoring equipment operate in Asia Pacific, who continually strive to develop technologically advanced air quality monitoring equipment. Thus, rising adoption of air quality monitoring equipment in the industrial sector is likely to boost the demand for air quality monitoring equipment in Asia Pacific between 2021 and 2031. The market in North America and Europe is estimated to witness steady growth during the forecast period, owing to high demand for air quality monitoring equipment in the industrial sector in these regions to keep a track of the pollution levels and air quality. However, the global air monitoring equipment market is expected to expand at a very sluggish pace during the first half of the forecast period, owing to the COVID-19 pandemic. The growth rate is anticipated to be more than twofold during the next half of the forecast period.

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Air Quality Monitoring Equipment Market: Key Players

Key players operating in the global air quality monitoring equipment market are Aeroqual, Ecotech, Vaisala, Teledyne Technologies Incorporated, Thermo Fisher Scientific, Inc., TSI Inc., Horiba Ltd., Siemens AG, Kaiterra, Chemtrols Industries Pvt. Ltd., Envirotech Instruments Private Limited, SV Tech Engineers, and Vasthi Instruments Pvt. Ltd.

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