Global Air Quality Monitoring System global market 2024, Forecast To 2033

The air quality monitoring system market has experienced robust growth, surging from $6.06 billion in 2023 to $6.59 billion in 2024, achieving a notable CAGR of 8.7%. The historic period's growth is attributed to increased concerns about air pollution and environmental health, stringent government regulations, growing awareness of indoor air quality (IAQ) issues, a rise in respiratory disorders and allergies, and the expansion of industrial activities and urbanization. Anticipating the years ahead, the market is expected to reach $9.52 billion in 2028 at a CAGR of 9.6%. The forecasted growth is fueled by public awareness and demand for real-time air quality data, integration with IoT and smart building systems, increasing health and wellness concerns in commercial spaces, government initiatives for air quality improvement and monitoring, and market expansion in developing economies. Key trends in this period include technological advancements in sensor and monitoring technology, integration with smartphones and mobile apps, VOC (volatile organic compounds) monitoring, real-time data reporting and alerts, as well as integration with HVAC and building automation systems.