Air Quality Monitoring Systems Market worth $5.9 billion by 2026 - Leading Key Players are Thermo Fisher Scientific (US), Emerson Electric (US), General Electric (US), Siemens AG (Germany)

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.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183784537&utm_source=OPenpr&utm_medium=referral&utm_campaign=paidpr

Technological advancements in air quality monitoring systems, rising levels of air pollution, supportive government regulations for effective air pollution monitoring and control, and ongoing initiatives toward the development of environment-friendly industries are the major factors that drives the growth of this market. Adding to this, increasing public-private funding for effective air pollution monitoring, and the increasing public awareness related to the environmental and healthcare implications of air pollution also supports the growth of this market. However, high costs associated with the purchase, installation, and maintenance of AQM sensors as well as high establishment costs for AQM stations, and technical limitations, such as low data accuracy and reliability, need for regular device calibration and maintenance, and sampling issues are the major factors that are expected to restrain the growth of this market during the forecast period.

The stack monitoring segment is expected to register the highest growth in the forecast period

The global air quality monitoring systems market is segmented on the basis of sampling method into active/continuous, intermittent, passive, manual, and stack monitoring.

The active/continuous monitoring segment commanded the largest share of the global air quality monitoring systems market in 2020, whereas the stack monitoring segment is projected to grow at the highest CAGR during the forecast period. Stack monitoring is the continuous measurement of air pollutants (such as gas or particulate matter) from industrial facilities. It is used to monitor air quality around waste incinerators, cement plants, and other industrial sources that need to comply with emission standards for hazardous air pollutants (HAPs) and volatile organic compounds (VOCs). Stack monitoring is undertaken annually, continuously, or for a 24-hour period, depending on the emission levels of industrial facilities as well as the regulations enforced on them. The low operational cost of stack monitoring, increasing government emphasis on regulatory compliance for industrial pollution monitoring, and the rising emphasis on pollution monitoring & control are factors expected to support the growth of this market
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=183784537&utm_source=OPenpr&utm_medium=referral&utm_campaign=paidpr

The fixed indoor monitors subsegment of indoor monitors holds the largest market share in 2020

Based on type of products, the global air quality monitoring systems market is segmented into indoor monitors, outdoor monitors, and wearables.

The indoor air quality monitors market is further segmented into fixed monitors and portable monitors.

The fixed indoor monitors is expected to account for the largest share of the indoor monitors market in 2020, primarily due to the growing need to maintain controlled indoor environment and monitor the level of atmospheric gases and air pollutants inside facilities like manufacturing units, laboratories, and storage area, among others, particularly in industries like pharmaceutical industries, biotechnology and microbiology industries, food and beverages industries, cosmetic industries, etc. Furthermore, the development of commercial sites as smart buildings is a rising trend. These smart buildings can communicate and connect with technologically advanced devices for better monitoring of air quality. This is another major factor driving the growth of the fixed indoor monitors market.

The chemical pollutant segment, by pollutant, is expected to register the market share of the global air quality monitoring systems market in 2020

Based on pollutants, the global air quality monitoring systems market is segmented into chemical pollutants, physical pollutants, and biological pollutants. The chemical pollutants segment accounted for the largest share of the global air quality monitoring systems market in 2020. This segment is projected to reach USD 4.43 billion in 2026. Market growth is mainly attributed to the rising levels of chemical air pollutants globally. In addition, the implementation of and the need to comply with stringent pollution monitoring and control regulations, growing public awareness, and the development and commercialization of innovative sensors are supporting the growth of this market segment.

Government agencies and academic institutes were the key end-users in the air quality monitoring systems market

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 commanded the largest share of the global air quality monitoring systems market in 2020. The demand of air quality monitoring devices among government agencies and academic institutions is driven by active government initiatives for effective air quality monitoring, increased number of research collaborations, and increased installation of AQM stations worldwide.

Asia Pacific is expected to see the highest growth in the air quality monitoring systems market by region

The global air quality monitoring systems market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America is the largest regional market for air quality monitoring products, whereas the Asia Pacific market is estimated to grow at the highest CAGR during 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. These developments have led to increased government spending by various regional governments, modernization of industrial and public infrastructures, and rising penetration of cutting-edge environmental monitoring technologies (especially in rural areas).

The APAC is among the major contributors to air pollution on a global scale and also has a large patient population due to growing pollution levels. The APAC region has manufacturing hubs for various industrial products such as chemical products, petrochemical processing, and metals & mining, among others. Thus, this region is experiencing increasing demand for air quality sensors and monitors that are mainly driven by large-scale industrialization, implementation of stringent air pollution regulations across major Asian countries, and continuous government support for the development and commercialization of advanced products.

As of 2020, the air quality monitoring systems market was dominated by Thermo Fisher Scientific (US), 3M (US), Siemens (Germany), Teledyne Technologies (US), General Electric (US), Emerson Electric Company (US), Honeywell International Inc (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), and TSI Incorporated (US), among others.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=183784537&utm_source=OPenpr&utm_medium=referral&utm_campaign=paidpr

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.