Air Quality Monitoring Equipment Market to reach ~US$ 7 Bn by 2027

Transparency Market Research delivers key insights on the global air quality monitoring equipment market. In terms of revenue, the global air quality monitoring equipment market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global air quality monitoring equipment market.

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Real-time Air Quality Monitoring Systems Enable Information Transfer via Smartphones

IoT and cloud-based innovations are transforming the air quality monitoring equipment market. Manufacturers are focusing on real-time air quality monitoring systems that are integrated with IoT. One of the most alarming issues that urban population comes across is the degenerative air quality, which has created a demand for advanced air quality monitoring equipment. Moreover, increased awareness about WHO guidelines catering to the non-compliance of low- and middle-income countries toward establishment of air quality measures in cities are contributing to market growth.

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The installation of sensors has gained prime importance to monitor dust particles and other hazardous gases in cities to ensure the air is not contaminated. This is evident since sensors are an important component of the air quality monitoring equipment hardware, which is anticipated to reach ~US$ 7 Bn by the end of 2027. The rapid growth in smartphone usage is benefitting companies in the air quality monitoring equipment market, since government agencies can share information via smartphones.

Air Quality Monitoring Equipment Market: Dynamics

Adoption of air quality monitoring equipment in smart city projects is growing. This is due to the emergence of smart cities, population, and increase in the number of vehicles. This has led to rise in air pollution. Thus, efficient management of air quality plays an important role in smart cities. Air quality monitoring equipment have been evolving led by the rising trend of Internet of Things (IoT). Air quality monitoring sensors used in large numbers in these equipment help in collecting a large volume of data related to air quality. This data is useful while making decisions pertaining to air pollution. Several smart cities across the globe are installing air quality monitors to evaluate air pollution. In 2019, in London (the U.K.) an air quality monitoring network equipped with a large number of air quality monitors was launched to improve the quality of air in the city. Thus, growth in the number of smart city projects across the world is expected to boost the demand for air quality monitoring equipment in the near future.

Moreover, demand for air quality monitoring equipment is rising worldwide, as a result of launch of a large number of air quality monitoring systems in several countries. For instance, in 2019, Jersey, a player based in the U.K., announced the launch of an air quality monitoring system that can collect real-time environmental data to help government agencies in curbing air pollution. Launch of new air quality monitoring systems across the globe is projected to drive the global market for air quality monitoring equipment during the forecast period.

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Furthermore, India and the U.K. entered into strategic partnerships with each other in the year 2019 to build a comprehensive air quality monitoring system that can measure air pollution. This partnership would be leading to the installation of air quality monitoring systems in Bengaluru, India, to measure the air pollution level by collecting data from sensors. Additionally, several manufacturers are focusing on the development of technologically advanced air quality monitoring equipment to curb air pollution effectively. Furthermore, the demand for air quality monitoring equipment is rising among consumers for use in homes, owing to increased awareness about air quality monitoring at residential places and increasing adoption of smart buildings. This is expected to be a prominent factor propelling the global air quality monitoring equipment market during the forecast period.

Handheld Sensors Set the Bar for Industry Trends to Help Detect Air Pollution

Personal air pollution sensors are creating incremental opportunities for companies in the air quality monitoring equipment market. For instance, Plume Labs-a provider of AI-powered air quality monitoring equipment, introduced their handheld device Flow, along with the design studio Frog. These portable sensors are helping companies gain global recognition in the air quality monitoring equipment market. Manufacturers are also increasing production capabilities to develop portable sensor systems that can be easily strapped to the individual's bag, bike or even the belt to measure air quality at any given location.

Intelligent devices are gaining prominence in the market landscape. Companies are innovating in devices that fit into the daily life of individuals to help them make better air quality choices in order to establish healthier routines. This is evident, since residential application is estimated for exponential growth during the forecast period.

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