The global air quality monitoring system market size is expected to grow from $5.05 billion in 2021 to $5.57 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $7.63 billion in 2026 at a CAGR of 8.2%.
What is the Global Air Quality Monitoring System Market?
The air quality monitoring system market consists of sales of air quality monitoring systems by entities (organizations, sole traders, and partnerships) that are used to measure the levels of air pollutants. These are devices that assess pollution levels of a particular area in accordance to ambient air quality standards. Air quality monitoring systems are used in outdoor ambient applications.
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What drives the Global Air Quality Monitoring System Market?
The increasing levels of air pollution is expected to propel the growth of the air quality monitoring system market in the coming years. Air pollution is defined as the introduction of pollutants into the atmosphere, which can be in the form of carbon dioxide, methane gases, or other gases containing chemicals. The rise in air pollution drives the growth of air quality monitoring systems as these systems measures the pollutant levels. For instance, according to the World Health Organization report, every year, an estimated 7 million people die as a result of air pollution around the world. Additionally, according to the American Lung Association's 2021 State of the Air report, four out of ten Americans, or 135 million people, reside in counties with harmful levels of air pollution (ALA). Therefore, the increasing levels of air pollution drives the growth of the air quality monitoring system market.
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Global Air Quality Monitoring System Market Segments
The global air quality monitoring system market is segmented:
By Product Type: Indoor, Outdoor
By Component: Hardware, Software
By Pollutant: Chemical, Physical
By End User: Industrial, Commercial, Residential
By Geography: The regions covered in the air quality monitoring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global air quality monitoring system market.
Air Quality Monitoring System Global Market Report 2022provides market size and growth forecasts for the global air quality monitoring system market, global air quality monitoring system market share, air quality monitoring system market segments and geographies, air quality monitoring system market competitive landscape including leading competitors’ revenues, profiles and market shares. The air quality monitoring system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Air Quality Monitoring System Industry Playersinclude Thermo Fisher Scientific, Emerson Electric, General Electric, Siemens AG, Teledyne Technologies, PerkinElmer Inc., Agilent Technologies Inc., TE Connectivity, 3M, Honeywell International Inc, Horiba Ltd, Merck KGaA, TSI, Tisch Environmental, Testo, Plume Labs, Aeroqual, and Forbes Marshall. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
