Global Air Quality Monitoring System Market By Product Type (Indoor and Outdoor), By Pollutant (Chemical and Physical), By Component (Hardware, Software, and Services), By End-use (Residential, Commercial, and Industrial) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Air Quality Monitoring System Market Overview:

The global market for air quality monitoring systems was worth USD 4,794.5 million in 2021. It is projected to grow at a CAGR of 6.4%, between 2023 and 2032.

Products demand is likely to rise due to increasing levels of pollutants in our atmosphere, as well as strict regulations and norms from the government for monitoring pollution. Environmental pollution has also contributed to a rise in respiratory disease cases in recent years. This will lead to increased product demand.

Global Air Quality Monitoring System Market Scope:

Product type analysis

Based on product type the market is divided into outdoor and indoor monitoring systems. As a result, the market was dominated by the outdoor segment in 2021. This is due to the greater integration of systems into other smart city infrastructures like traffic systems, smart poles, and streetlight solutions.

This segment has also seen growth due to government mandates regarding the usage of air monitoring devices in certain industries like oil and natural gas & pharmaceuticals. Outdoor is divided into fixed & handheld segments. Due to a substantial increase in stations of air quality monitoring installation in a public place, fixed systems accounted for more of the 2021 market share.

Pollutant Analysis:

The market is segmented based on pollutants. In 2021, the dominant market segment was chemicals due to rising vehicle emissions which can include dangerous pollutants like carbon monoxide. On the basis of chemical pollutants, there are four main segments of the market: nitrogen oxides (NOX), carbon oxides (COX), volatile organic compounds (VOCs), and sulfur oxides (SOX), & others.

The largest share went to carbon oxides. This could be due to an increase in vehicles and factories which are major contributors to COx emissions. Additionally, carbon oxide monitoring devices are used extensively to carry out capnography during anesthesia or intensive medical services.

The market for air quality monitoring systems will see the largest CAGR in the physical pollutant segment. The market for air quality monitoring systems will experience the highest growth rate due to growing awareness of the health & environmental consequences of particulate matter.

Particulate matter less than 10 mm can cause heart disease in older people, also in children under 10 years. To address the health risks related to particulate matters, government agencies like the Canadian Council of Ministers of the Environment established rules for manufacturing companies regarding the emission of matter.

Component Analysis

Based on the component, market segments have been created into hardware and software. Due to the modernized designs and real-time software, hardware accounted for the highest revenue share in 2021. This market segment has a large share due to the increased number of system integration companies. Multi-national conglomerates can perform the system integration work, purchasing hardware from component producers such as displays and sensors.

CAGR of the highest magnitude is expected for the software sector during the estimated period. Smart city authorities have been increasing their demand for software devices. This has led to the software segment’s growth. They are now attempting to combine multiple systems, like environmental monitors, traffic monitoring solutions, & parking management, into one solution. For remote monitoring, industries like pharmaceuticals, chemicals, and oil & gas have adopted air quality software.

End-use Analysis

The market is segmented based on end-use into residential, industrial, and commercial. In 2021, the industrial segment has the largest market share and is expected to grow at a high CAGR over the forecast period. The rise of the industrial segment can be attributed to the increased acceptance of air quality monitoring equipment from different industries as a response to stringent government regulations.

The industrial segment is broken down into oil, gas, food, manufacturing, beverages, pharmaceuticals, healthcare, and others. In 2021, the dominant segment for industrial end-use was the oil and natural gas segment. The expansion of oil & natural gas pipeline infrastructure has resulted in a rapid increase in demand for petroleum & natural gases. The United States has many oil and natural gas producers and distribution firms that collaborate actively to reduce methane emissions.

Key Маrkеt Ѕеgmеntѕ:

By Product Type

• Indoor
  • Fixed
  • Portable
• Outdoor
  • Fixed
  • Portable

By Pollutant

• Chemical
  • Nitrogen Oxides
  • Sulfur Oxides
  • Carbon Oxides
  • Volatile Organic Compounds
  • Others
• Physical

By Component

• Hardware
  • Sensors
  • Processors
  • Output devices
• Software
• Services

By End-use

• Residential
• Commercial
• Industrial
  • Oil & Gas
  • Manufacturing
  • Food & Beverages
  • Pharmaceutical
  • Healthcare
  • Others

Market Dynamics:

Air pollution is a significant threat to the environmental balance. It has a significant effect on the atmosphere. This can lead to acid rain and an increase in toxicity, as well as global warming.

Increasing demand for safety in work environments is driving the adoption of air quality monitors in many industries like manufacturing, automotive, and oil and natural gas. Mishaps such as the Bhopal leakage disaster and the Aliso Canyon disaster raised awareness about monitoring pollutants in the atmosphere.

Market growth will be supported by government initiatives to conserve the environment, such as funding for the installation of smart city initiatives and air quality monitoring system installations.
Atmospheric pollution has been on the rise in megacities such as Shanghai and Onitsha. Vehicles are a significant contributor to pollution. They emit toxic elements, such as particulate, carbon monoxides, sulfur dioxide, and other harmful elements. Particulates, which can penetrate deep into the lungs or bloodstream, are extremely carcinogenic. They could cause permanent DNA mutations and heart attacks.

To limit the pollution of the atmosphere, governments have taken various initiatives. The Government of India intends to set up 300 real-time monitoring systems for air quality across the country as part of its National Clean Air Programme (NCAP), launched in 2017. Additionally, the government is investing in digitalizing cities’ infrastructures, including wireless sensors and transportation systems. These initiatives are expected to help drive demand for products.

Regional Analysis

North America is still a dominant market player, accounting for over 40.0% of global revenue in 2021. This is due in large part to the acid rain that has caused 85% of North American lakes to turn acidic. To drive market growth, governments have established strict guidelines for monitoring air quality. Market growth can also be helped by the distribution channels that are provided by leading manufacturers.

Asia Pacific will see the greatest CAGR during the estimated period. It is due to the rising prevalence of respiratory disease and cardiovascular disease caused by air pollution. 24 of the 30 largest cities in the world with poor air quality (AQI) are located in the Asia Pacific. The positive government initiatives also bode well for market growth in the Asia Pacific. One example is that the Indian Government has directed manufacturing companies in India to give real-time data on the air quality to India’s Central Pollution Control Board (CBCB).

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Some of the key vendors in the market are 3M; General Electric Company; Emerson Electric Co.; HORIBA, Ltd.; Siemens AG; Merck; and Teledyne Technologies Incorporated; Mergers and acquisitions, investment in R&D activities, product launches, and collaborations are some strategies adopted by key players to improve their business portfolio & geographical expansion.

Маrkеt Кеу Рlауеrѕ:

• 3M Company
• Emerson Electric Co.
• General Electric Company
• HORIBA Ltd.
• Merck
• Siemens AG
• Teledyne Technologies Incorporated
• Other Key Players

For the Air Quality Monitoring Systems Market research study, the following years have been considered to estimate the market size: