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The air quality monitor market size is forecast to increase by USD 2.05 billion, at a CAGR of 6.78% between 2023 and 2028. The market is witnessing substantial growth driven by the increasing imperative to monitor indoor and outdoor air quality across residential, commercial, and industrial sectors. With a growing awareness of the health impacts associated with poor air quality, there's a surge in the deployment of advanced air quality monitoring systems. Government regulations mandating air quality standards further accentuate the market growth, creating opportunities for innovative solutions to address the pressing need for cleaner air in both urban and industrial environments. Our market growth analysis report examines historic data from 2018 - 2022, besides analyzing the current and forecasted market scenario.
Market Forecast 2024-2028
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The market addresses environmental concerns related to traffic systems and their impact on the atmosphere, casualties, and respiratory diseases. It combats issues like acid rain, toxicity levels, and global warming through environmental conservation initiatives. These systems, integrated into smart city initiatives, track atmospheric pollution caused by vehicles, particulate matter, carbon monoxide, sulfur dioxide, and nitrogen oxides. Utilizing wireless communication and crowdsourcing, these monitors aid in assessing air quality and mitigating risks of cardiovascular morbidity. Innovations include smart poles and streetlight solutions, along with portable and fixed systems deployed in pharmaceuticals, smart homes, and various urban settings. Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.
Due to the deteriorating environmental quality, adverse health effects such as the prevalence of severe diseases and raised mortality from stroke, heart disease, chronic obstructive pulmonary disease, lung cancer, and acute respiratory infections have risen. Consequently, according to the 2021 WHO report, air pollution is responsible for the deaths of an estimated seven million people worldwide every year. Also, people living in low- and middle-income countries such as India, South Africa, and others have the highest exposure to air pollution. Owing to increasing vehicle ownership, industrialization, and the limited effect of policies for air pollution, the levels of air pollutants such as nitrogen dioxide are rising in many cities across developing countries.
Furthermore, to reduce these health risks, several global standards for sustainable buildings have been developed, such as LEED and WELL. The LEED (Leadership in Energy and Environmental Design) building standard was established by the USGreen Building Council (USGBC) as a standardized way of evaluating the environmental impact of a building. In addition to other requirements, LEED-certified buildings must meet certain levels of sustainability and energy efficiency. Apart from these developments, residential and commercial buildings have always required the installation of monitoring systems, which will boost the growth of the market significantly during the forecast period.
The major factor that helps to determine the health, comfort, and productivity of the occupants of a building is the quality of air. Countries across the world use their own sets of regulations to characterize and monitor local air pollution. The rising adoption of green building technologies such as monitoring, ventilation management, humidity control, and indoor dust and gas level management is expected to boost the growth of the global monitoring market.
Moreover, green buildings are specifically built by focusing on the architectural design of ventilation and efficient use of water, energy-efficient homes, and commercial buildings. The rising interest in Leadership in LEED-guaranteed buildings likewise drives the adoption of green design in residential and commercial buildings. As a result, the increased adoption of green buildings is one of the emerging trends that will drive the growth of the global market during the forecast period.
The high cost of deployment, especially of advanced monitoring sensors, poses a challenge for industrial, commercial, and residential buildings. Industrial facilities, commercial buildings, and residential buildings need to monitor IAQ as per their requirement. Indoor air monitors are installed inside buildings, manufacturing plants, or healthcare facilities since indoor (IAQ) plays a crucial role in the health and satisfaction of every occupant. Continuous air monitoring stations can cost USD 250,000 each, and a network around a facility should have a minimum of three stations.
Moreover, due to the absence of real-time monitoring stations in cities, there is a shift toward low-cost monitor systems in many developing countries, leaving a substantial gap in the availability of data on air pollution. For example, in 2020, across 15 locations in the Mumbai Metropolitan Region (MMR), a Maharashtra pollution control body announced that India's first low-cost air monitoring study would be conducted. Hence, due to the high cost of these systems, developing countries face financial constraints that will impede market growth during the forecast period.
In the product segment of the market, advanced air quality monitoring systems are essential tools for safeguarding public health and environmental conservation. These systems help in tracking and analyzing various pollutants in the atmosphere, including nitrogen oxides (NOX) and sulfur oxides (SOX), which contribute to environmental pollution and respiratory diseases. By providing real-time data on toxicity levels and atmospheric pollution, air quality monitors enable proactive measures to mitigate the impact of environmental factors such as acid rain and global warming. They play a crucial role in supporting smart city initiatives and promoting awareness about the importance of maintaining clean air for overall well-being and reducing casualties related to poor air quality. Additionally, air quality monitors facilitate the development of effective strategies for improving air quality and implementing measures to reduce emissions from sources such as vehicles through the use of air filters and other interventions.
The indoor segment will account for a major share of the market's growth during the forecast period.? Devices designed to measure and evaluate the quality in indoor environments like homes, offices, schools, hospitals, and other commercial or residential buildings are known as indoor air quality monitors. These play an important role in ensuring a healthy and comfortable indoor environment for occupants. These are equipped with sensors and detectors that measure various parameters. These monitors can detect elevated levels of pollutants and provide indications of poor ventilation, the presence of volatile chemicals, high CO2 levels, or excessive humidity.
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The indoor segment was valued at USD 2.62 billion in 2018.? Due to increased awareness of the negative health effects of poor IAQ and growing attention to energy efficiency and sustainable construction practices, there has been an increase in demand in the market. Governments, businesses, and people all recognize how crucial it is to preserve safe indoor environments. Hence, the rising focus on managing IAQ is expected to boost the growth of the market in the indoor segment during the forecast period.
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North America is estimated to contribute 34% to the growth by 2028. Technavio's analysts have provided extensive insight into market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The US Environmental Protection Agency (EPA) works as a partner with state, local, and indigenous American agencies to identify areas across the US that do not meet the national ambient quality standards (NAAQS), also known as non-attainment areas, and develop plans to reduce air pollution and attain the NAAQS. Thus, these systems will be deployed as a result of the employment of these systems in this region. More than millions of acres of land were destroyed by enormous wildfires in 2020 in the Western US. Visibility was severely impaired, and ambient PM2.5 levels were quite high due to the substantial wildfire activity and smoke.
Moreover, the significant wildfire activity and smoke led to poor visibility and very high concentrations of ambient PM2.5. Prolific wildfires in the Northwest and California also led to increased particulate matter pollution in the fall, and Hence, such events drive the adoption of these systems for wildfire activities. In addition to the US, the Canadian government has been implementing new steps to improve the quality and fight climate change. The Canadian government is also committed to defending its citizens from wildfire smoke. These factors underscore the importance of advanced air quality solutions in the North America Indoor Air Quality (IAQ) solutions market. With a focus on mitigating wildfire smoke impacts and improving overall indoor air quality, the market for IAQ solutions is poised for growth. Solutions such as air filtration systems, monitoring devices, and ventilation improvements are crucial in combating airborne pollutants and enhancing indoor environments amidst increasing environmental challenges in North America.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
3M Co., ACOEM Group, Aeroqual Ltd., Agilent Technologies Inc., Airthinx Inc., Atmotech Inc., Emerson Electric Co., General Electric Co., HANGZHOU ZETIAN TECHNOLOGY CO. LTD., Honeywell International Inc., HORIBA Ltd., IQAir AG, Merck KGaA, Perkin Elmer Inc., Siemens AG, Testo SE and Co. KGaA, Thermo Fisher Scientific Inc., Tisch Environmental Inc., TSI Inc., and Vaisala Oyj
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market addresses critical concerns surrounding environmental pollution and its adverse effects on public health. With the rise in atmospheric pollution and the alarming increase in respiratory diseases and casualties, there's a growing urgency to combat environmental pollution. Factors such as acid rain, toxicity levels, and global warming underscore the need for stringent environmental conservation measures. Initiatives like smart city initiatives integrate wireless communication and crowdsourcing to monitor and mitigate atmosphere contamination. Monitoring systems detect harmful emissions from vehicles, including carbon monoxide and sulfur dioxide, as well as pollutants like nitrogen oxides (NOX) and sulfur oxides (SOX). The market offers various solutions, including air filter, smart poles, and streetlight solutions, catering to both fixed systems and portable systems for monitoring air quality in smart homes and urban environments. As awareness grows regarding the link between air quality and public health, the demand for air quality monitors continues to escalate globally.
The market witnesses a surge in demand, driven by increasing air monitoring initiatives and the deployment of intelligent systems to combat environmental challenges. Regulatory frameworks like the Clean Air Act and collaborative efforts such as Clean Air Partners underscore the urgency to address harmful pollutants like carbon oxides (COX) and volatile organic compounds (VOCs). Monitoring systems detect emissions from sources like factories, mitigating the risk of cardiovascular morbidity and respiratory disorders among vulnerable populations, including older adults and children. With advancements in hardware and software, air quality monitoring devices integrate seamlessly into smart city infrastructure, providing real-time data to government agencies and smart city authorities. However, concerns arise regarding potential cyberattacks on Internet of Things (IoT) devices, especially in industries like oil and gas, food and beverages, and pharmaceuticals, emphasizing the need for robust security measures to safeguard against environmental hazards.
Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
Market Growth 2024-2028 |
USD 2.05 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.23 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 34% |
Key countries |
US, China, Germany, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., ACOEM Group, Aeroqual Ltd., Agilent Technologies Inc., Airthinx Inc., Atmotech Inc., Emerson Electric Co., General Electric Co., HANGZHOU ZETIAN TECHNOLOGY CO. LTD., Honeywell International Inc., HORIBA Ltd., IQAir AG, Merck KGaA, Perkin Elmer Inc., Siemens AG, Testo SE and Co. KGaA, Thermo Fisher Scientific Inc., Tisch Environmental Inc., TSI Inc., and Vaisala Oyj |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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