Air Quality Monitoring System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Air Quality Monitoring System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Air Quality Monitoring System Market

The air quality monitoring system market size was valued at USD 5.02 billion in 2021, and the market is now projected to grow from USD 8.33 billion by 2028, exhibiting a CAGR of 7.5% during the forecast period of 2021-2028.

Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the air quality monitoring system market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. Stopped providing on-site maintenance and installations market growth sputtered amid the pandemic. Production facilities throughout the nations have been hindered by the abrupt lockdown. The pandemic has also had a negative impact on facial recognition door lock manufacturing and production facilities. The disruption in the supply chain and the decreased availability of labor, staff, and resources are the causes of this.

Positive public and private initiatives pertaining to environmental conservation and increased public awareness will propel air quality monitoring system market growth during forecast period. Regional governments, non-governmental organizations, and the corporate sector take a number of positive steps to reduce air pollution through public awareness campaigns and programs. The market for air quality monitoring has grown as a result of growing awareness of the serious health implications of contaminated air. Future smart city initiatives will increase market demand. The growth of significant smart city projects in numerous areas is expected to provide a plethora of new prospects for the global market for air quality monitoring systems over the forecast period. Global AQM system makers will have a bright future thanks to similar trends in other nations.

R&D and ongoing technological advancements will drive industry growth during forecast period. It is predicted that improved growth prospects for leading and up-and-coming companies in this sector would result from continued market research and development and advancements in AQM systems, such as remote-sensing devices and systems based on nanotechnology. As a result, various research institutions and business entities are consistently concentrating on the development and commercialization of cutting-edge AQM products. For instance, nanotechnology-based AQM devices provide a number of procedural advantages, such as enhanced analytical efficacy, real-time monitoring capabilities, and device downsizing.

Comprehensive Analysis of Air Quality Monitoring System Market

The air quality monitoring system market and power & energy industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by types and by end users. The Type segmentations include Indoor Monitors and Outdoor Monitors, By End-User segmentations include Commercial & Residential, Public Infrastructure, Power Generation Plants, Pharmaceutical Industry, and Others.

The Asia Pacific region lead the air quality monitoring system market by benefitting a market size of USD 1.54 billion in 2020 due to positive public and private initiatives pertaining to environmental conservation and increased public awareness and R&D and ongoing technological advancements.

The top players in the market play a crucial role in the power & energy industry assuring industrial prospectus growth and setting market standards. These players include, Thermo Fisher Scientific (U.S.), Emerson Electric (U.S.), 3M Company (U.S.), Horiba, Ltd. (Japan), Siemens AG (Germany), Teledyne Technologies (U.S.), PerkinElmer (U.S.), Agilent Technologies (U.S.), Spectris (U.K.), Honeywell (U.S.), Merck (U.S.), TSI Incorporated (U.S.), Tisch Environmental (U.S.), Testo (Germany), these market players provide a level-playing competitive landscape.

In October 2021, Under a three-year contract, Ricardo, a multinational engineering, environmental, and strategic consulting firm, will offer prime air quality data analysis and monitoring in the Middle East. For the Royal Commission for Riyadh City, the company will collaborate with Envirozone LLC, a provider of air monitoring technology, to audit, validate, and ensure the quality of data from a world-class monitoring network in the Saudi capital.

Segmentation Table

ATTRIBUTE DETAILS

Study Period2017-2028

Base Year2020

Estimated Year 2021

Forecast Period2021-2028

Historical Period2017-2019

UnitValue (USD Billion)

SegmentationBy Type, By End-User, and By Region

By TypeIndoor Monitors

Outdoor Monitors

By End-UserCommercial & Residential

Public Infrastructure

Power generation plants

Pharmaceutical Industry

Others

By GeographyNorth America (By Type, By End-User, By Country)

U.S. (By End-User)

Canada (By End-User)

Europe (By Type, By End-User, By Country)

U.K. (By End-User)

Germany (By End-User)

France (By End-User)

Italy (By End-User)

Spain (By End-User)

Russia (By End-User)

Rest of Europe (By End-User)

Asia Pacific (By Type, By End-User, By Country)

China (By End-User)

India (By End-User)

Japan (By End-User)

Australia (by End-User)

Southeast Asia (By End-User)

Rest of Asia Pacific (By End-User)

Latin America (By Type, By End-User, By Country)

Brazil (By End-User)

Mexico (By End-User)

Rest of Latin America (By End-User)

Middle East and Africa (By Type, By End-User, By Country)

GCC (By End-User)

South Africa (By End-User)

Rest of Middle East and Africa(By End-User)


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