Air Quality Monitoring System Market by Product, Sampling, Pollutants, User and Region - Global Forecast to 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Air Quality Monitoring System Market by Product (Indoor, Outdoor, Wearable), Sampling (Stack, Manual, Passive), Pollutants (Chemical, Particulate Matter, Biological), User (Government, Petrochemical, Power Plant, Residential), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global air quality monitoring systems market is valued at USD 4.4 billion in 2021 and is expected to reach USD 5.9 billion by 2026, at a CAGR of 6.5% during the forecast period.

Outdoor monitors segment of global air quality monitoring systems market to grow with the highest CAGR in the forecast period

On the basis of product, the air quality monitoring systems market is segmented into indoor monitors, outdoor monitors, and wearable monitors. Indoor monitors market is further segmented into fixed indoor monitors and portable indoor monitors. The outdoor monitors market is also segmented into portable outdoor monitors, fixed outdoor monitors, dust & particulate matter monitors and AQM stations. The outdoor monitors segment is expected to register the highest CAGR in the forecast period.

Growth in this segment is majorly driven by the rising availability of miniaturized and portable products, public-private investments to develop affordable and novel ambient monitoring products, rising industrial use of ambient air pollution monitoring systems, growing end-user base, and ongoing installation of AQM stations across major markets (especially across emerging countries). However, factors such as significant maintenance costs associated with fixed devices and AQM stations, as well as the slow implementation of regulatory guidelines for AQM across emerging countries are expected to restrain market growth.

Portable outdoor monitors accounted for the largest market share of the outdoor monitors segment of air quality monitoring systems market in 2020

In 2020, the portable outdoor monitors segment accounted for the largest share of the outdoor air quality monitoring systems market. The large share of this segment can be attributed to their operational advantages, the availability of advanced ambient monitoring sensors and miniaturized & portable products, and the rising public-private investments for product development. Some of the key players operating in this segment are Aeroqual (New Zealand), Airveda (India), TSI Incorporated (US), and Labrotek Ltd. (Finland).

Increased installations and government initiatives to drive the segment growth of hospitals end user segment

Based on end user, the air quality monitoring systems market is segmented into government agencies and academic institutes, commercial and residential users, petrochemical industry, power generation plants, pharmaceutical industry, smart city authorities, and other end users. Government agencies and academic institutes are the major end users of AQM products. Various government agencies utilize AQM solutions for ambient AQM as well as establishing national AQM networks.

Similarly, the utilization of air quality monitors plays a vital role in academic institutes in order to monitor air pollution and avoid the health impact of the same on individuals. The large share of this end-user segment is primarily attributed to the presence of stringent environmental regulations mandating the adoption of effective air pollution monitoring and control strategies among major industries and the rising government investments for effective AQM and air pollution control.

The APAC market, by region, to register highest growth rate in the forecast period

On the basis of region, the air quality monitoring systems market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific market is expected to register the highest growth in the forecast period. Countries in this market are witnessing growth in their GDPs and a significant rise in disposable income among the middle-class population. This has led to increased expenditure by various regional government on air quality monitoring activities, modernization of industrial and public infrastructures, and rising penetration of cutting-edge environmental monitoring technologies (especially in rural areas).

Market Dynamics

Drivers

• Active Government Initiatives for Air Pollution Monitoring and Control
• Growing Concerns Over Rising Air Pollution
• Favorable Public and Private Initiatives for Environmental Conservation and Public Awareness

Restraints

• High Product Costs
• Technical Limitations Associated with a Majority of AQM Products

Opportunities

• Continuous R&D and Technological Advancements
• Expected Post-COVID-19 Expansion of the Petrochemical and Power Generation Industries

Challenges

• Slow Implementation of Air Pollution Control Reforms
• Availability of Alternate Monitoring Solutions

Companies Mentioned

• 3M
• Aeroqual Limited
• Agilent Technologies, Inc.
• Atmotube
• Emerson Electric Co.
• Forbes Marshall
• GE Power
• Hangzhou Zetian Technology Co. Ltd.
• Honeywell International Inc.
• Horiba, Ltd.
• Merck KGaA
• PerkinElmer Inc.
• Plume Labs
• Siemens AG
• Spectris
• Teledyne Technologies Incorporated
• Testo SE & Co. KGaA
• Thermo Fisher Scientific, Inc.
• Tisch Environmental, Inc.
• TSI

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