What Is The Definition Of The Global Air Quality Sensors Market?
Air quality sensors refer to devices designed to measure the concentration of pollutants and other harmful particles in the air. They detect various pollutants, such as particulate matter, carbon monoxide, and nitrogen dioxide, providing real-time data to monitor air quality levels and facilitate environmental assessment and management.
Air Quality Sensors Global Market Report 2024 provides data on the global air quality sensors market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Air Quality Sensors market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Market Size And Growth Rate Of The Global Air Quality Sensors Market Projected?
The air quality sensors market size has grown strongly in recent years. It will grow from $4.83 billion in 2023 to $5.27 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to the emergence of smart cities, public awareness campaigns, expansion of industrial activities, increased awareness about health hazards, and advances in sensor technology. The air quality sensors market size is expected to see strong growth in the next few years. It will grow to $7.47 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to the increasing adoption of air quality sensors, ongoing development of smart cities, rapid urbanization, increased focus on air pollution control measures, and rising concerns about climate change. Major trends in the forecast period include integration of IoT technology, growing demand for low-cost air quality sensors, rise in indoor air pollution concerns, integration with smart home systems, and increased adoption in automotive applications.
What Are The Primary Growth Drivers In The Air Quality Sensors Market?
The increasing number of airborne diseases and fatalities is expected to propel the growth of the air quality sensors market going forward. Airborne diseases refer to bacteria or viruses that primarily spread through tiny respiratory droplets. The growth of airborne diseases is influenced by various factors, such as higher population density, international travel and migration, and the emergence of antimicrobial-resistant strains. Air quality sensors are used to detect airborne pollutant concentrations, as these devices are engineered to identify and display levels of a specific pollutant, such as particulate matter (PM), within indoor environments. For instance, in November 2023, according to the Centers for Disease Control and Prevention, a US-based government agency, there was an 18% increase in the estimated number of cases and a 43% increase in the estimated number of deaths of measles in 2022, compared with an estimated 7,802,000 cases and an estimated 95,000 deaths in 2021. Therefore, the increasing number of airborne diseases and fatalities is driving the growth of the air quality sensors market.
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What Is The Segmentation Of The Global Air Quality Sensors Market?
The air quality sensors market covered in this report is segmented –
1) By Type: Signal-Gas Monitoring System, Multi-Gas Monitoring System
2) By Portability: Portable Air Quality Sensor, Fixed Air Quality Sensor
3) By Pollutant: Chemical, Particulate Matters, Biological
4) By User: Government, Petrochemical, Power Plant, Residential
What Emerging Trends Are Shaping The Air Quality Sensors Market Landscape?
Major companies in the air quality sensors market are concentrating on developing advanced solutions like outdoor air quality monitoring platforms to maintain a competitive advantage. These platforms integrate various air quality sensors, data collection methods, and analysis tools to continuously monitor and assess ambient air quality in specific locations or larger areas. For instance, in March 2023, Attune Inc., a US-based company specializing in flexible sensor platforms for air quality, launched an air quality monitoring (OAQ) kit. This versatile sensor-based platform is designed for outdoor air quality monitoring and detects a wide range of pollutants, including temperature, relative humidity, volatile organic compounds (VOCs), particulate matter (PM0.3–1.0), PM2.5, PM10, carbon dioxide (CO2), carbon monoxide (CO), hydrogen sulfide (H2S), nitrogen dioxide (NO2), ozone (O3), and sulfur dioxide (SO2). The market for such platforms is expected to reach $2023 billion in 2023, $2024 billion in 2024, and $2028 billion by 2028.
Which Region Has The Fastest Expansion In The Air Quality Sensors Market?
North America was the largest region in the air quality sensors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the air quality sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
