Global Indoor Air Quality Monitoring Device Market Size, Industry Analysis By Segmentations, Top Key Players, Trends & Forecast 2023-2032

Indoor Air Quality Monitoring Device market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

The global air quality monitoring system market will be worth US$4.86 billion in 2020, with a compound annual growth rate of 7.5% from 2023 to 2032, rising from US$5.02 billion in 2023 to US$8.3 billion in 2032. It is expected to grow to US$30 million. The global impact of the novel coronavirus disease (COVID-19) has been staggering and unprecedented, with air quality monitoring equipment negatively impacting demand everywhere during the pandemic. According to our analysis, the global market in 2020 registered a low growth of -1.3% compared to the CAGR of 2017-2019. The CAGR increase is due to growth and demand in this market, which will return to pre-pandemic levels after the pandemic ends.

Air Quality Monitoring (AQM) also means the continuous measurement of air pollutants, also known as "reference air pollutants". Identifies various pollutants such as sulfur dioxide, particulate matter, volatile organic compounds (VOCs), carbon monoxide and nitrous oxide. Improved air quality has increased the demand for air quality monitors as polluted air contains harmful pollutants that can cause health problems. Air pollution monitoring and control data is important for air pollution assessment and pollution policy of national and local governments, public and private companies, and national agencies.

Ongoing market research and development along with advances in his AQM systems such as nanotechnology-based systems and remote sensing instruments are estimated to provide better growth opportunities for key players and start-ups in this industry. Therefore, various research institutes and industry players continuously focus on the commercialization and development of advanced his AQM products. For example, his nanotechnology-based AQM products offer a variety of procedural advantages, including device miniaturization, real-time monitoring capabilities, and increased analytical efficiency. Leading market players are pursuing various growth and expansion strategies such as mergers, acquisitions, and cooperations to strengthen their market position. For example, Acoem completed his November 2021 acquisition of Met One Instruments, a company that has been developing cutting-edge air quality monitoring equipment since 1989. A provider of comprehensive environmental monitoring solutions. In addition, Acoem will have access to unprecedented particle measurement technology, which will greatly expand and collaborate with the company's R&D capabilities.

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Market Segmentation:
By Types
Fixed
Portable Monitors

By Applications
Residential
Commercial
Industrial
Others

Following are Top Key players Covered in Report:
AZ Instruments
Thermo Fisher Scientific
Siemens
Emerson Electric
3M
TSI
Ingersoll Rand
HORIBA
Testo
Aeroqual
Awair

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Regional Analysis:
1. North America: This region includes the United States and Canada, which are considered mature markets with a high adoption rate of indoor air quality monitoring devices. Factors such as increasing awareness about health issues related to indoor air pollution and stringent regulations for maintaining air quality drive the market growth in this region.

2. Europe: European countries such as Germany, the United Kingdom, France, and others have a significant market share in the indoor air quality monitoring device market. Stringent regulations regarding indoor air quality, coupled with growing awareness among consumers, contribute to market growth.

3. Asia Pacific: This region, including countries like China, Japan, India, and South Korea, has a rapidly growing indoor air quality monitoring device market. Factors such as urbanization, industrialization, and increasing health concerns due to air pollution contribute to the market growth in this region.

4. Latin America: Countries like Brazil, Mexico, and Argentina are witnessing a growing market for indoor air quality monitoring devices. The rising awareness of the health impacts of indoor air pollution and the increasing adoption of smart home technologies are driving market growth.

5. Middle East and Africa: This region is expected to witness a growing demand for indoor air quality monitoring devices due to increasing urbanization, infrastructure development, and the focus on improving indoor air quality in commercial and residential buildings.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Indoor Air Quality Monitoring Device market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Indoor Air Quality Monitoring Device would help in identifying future applications in this market.

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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

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