The Air Quality Monitoring Market to be Worth $11.3 Billion by 2030-Exclusive Report by Meticulous Research®

According to a new market research report titled, 'The Air Quality Monitoring Market by Product Type, Sampling Method, and End User (Residential, Government & Public Utilities, Commercial End Users, and Industrial End Users) and Geography-Global Forecast to 2030,' the global air quality monitoring market is projected to reach $11.3 billion by 2030, at a CAGR of 6.6% from 2023 to 2030.

Air quality monitoring measures and assesses the concentration of various pollutants and particles in the air. Air quality monitoring systems gather data on pollutants such as particulate matter (PM2.5 and PM10), nitrogen dioxide (NO2), sulfur dioxide (SO2), ozone (O3), carbon monoxide (CO), volatile organic compounds (VOCs), and other harmful substances. Technological advancements in sensor technology, satellite imagery, and data analysis techniques have improved the accuracy, coverage, and accessibility of air quality monitoring data. Air quality monitoring offers numerous benefits to public health, environmental protection, and informed decision-making.

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The growth of this market is driven by the increasing availability of advanced IoT-enabled air quality monitoring systems, increasing demand for smart air quality monitoring solutions for reducing pollution, and stringent government regulations regarding industrial emissions. The growing industrialization in emerging economies and technological advancements in air quality monitoring systems are expected to offer significant growth opportunities for the stakeholders in the air quality monitoring market.
The high air quality monitoring systems cost due to technology complexity, equipment quality, data accuracy requirements, and regulatory standards may restrain the market's growth may restrain the market's growth.

Furthermore, the slow implementation of air pollution control reforms worldwide and technical limitations of air quality monitoring systems are expected to challenge the growth of the air quality monitoring market.

The global air quality monitoring market is segmented by product type (indoor and outdoor air quality monitors), sampling method (active monitoring, passive monitoring, intermittent monitoring, and other sampling methods [stack monitoring], end user (residential, government & public utilities, commercial end users (transportation & logistics, education, healthcare, shopping malls & retail stores, hospitality, airports, and other commercial end users [construction sites], industrial end users (automotive, pharmaceutical, oil & gas, chemicals, food & beverage, metal & mining, textile, agriculture, and other industrial end users [petrochemical & energy]). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product type, the global air quality monitoring market is segmented into indoor and outdoor air quality monitors. In 2023, the indoor air quality monitors segment is expected to account for the larger share of the global air quality monitoring market. The large market share of this segment is attributed to the increasing need to measure and monitor the quality of the air inside buildings, homes, offices, and other indoor spaces; growing adoption of portable handheld devices, standalone units, and smart devices that can connect to a smartphone or home automation systems; and increasing need to facilitate adequate ventilation, control the production of pollutants in an industrial manufacturing facility, and keep temperature & humidity level in a comfortable range. However, the outdoor air quality monitors segment is projected to register the highest CAGR during the forecast period.

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Based on sampling method, the global air quality monitoring market is segmented into active monitoring, passive monitoring, intermittent monitoring, and other sampling methods. In 2023, the active monitoring segment is expected to account for the largest share of the global air quality monitoring market. The large market share of this segment is attributed to the growing use of sensors that actively sample and measure air pollutants and environmental conditions in real-time or near real-time; the growing need to detect sudden spikes in pollution levels, providing early warning of potential air quality hazards such as wildfires, industrial accidents, or other environmental incidents; and effectiveness of pollution control measures and regulatory policies over the time. This segment is projected to register the highest CAGR during the forecast period.

Based on end user, the global air quality monitoring market is segmented into residential, government & public utilities; commercial end users; and industrial end users. In 2023, the industrial end users segment is expected to account for the largest share of the global air quality monitoring market. The large market share of this segment is attributed to the increasing need to identify pollution sources, assess the effectiveness of pollution control measures, and mitigate potential health and environmental risks; increasing adoption of air quality monitoring for worker health & safety; and increasing popularity of real-time air quality monitoring with automatic alert systems. This segment is projected to register the highest CAGR during the forecast period.

Based on geography, the global air quality monitoring market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global air quality monitoring market. North America's large market share is attributed to the increased government funding for environmental sustainability and developing policies to reduce environmental pollution, increasing installations of environmental monitoring stations, and the increased adoption of environmental monitoring strategies by public and private companies across the region.

In North America, technological advancements in sensor technologies, data analytics, and communication systems have made air quality monitoring systems more accurate, efficient, and cost-effective. The availability of portable and real-time monitoring devices, along with cloud-based data management and analysis platforms, has expanded air quality monitoring systems adoption in various sectors, including government agencies, research institutions, industries, and commercial establishments, supporting the market's growth. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.

The key players operating in the global air quality monitoring market are Thermo Fisher Scientific Inc. (U.S.), Emerson Electric Co. (U.S.), Siemens AG (Germany), Teledyne Technologies (U.S.), 3M COMPANY (U.S.), Merck KGaA (Germany) (a subsidiary of Merck Group), Honeywell International Inc. (U.S.), General Electric Company (U.S.), HORIBA, Ltd. (Japan), Tish Environmental, Inc. (U.S.), Testo India Pvt. Ltd. (India), Spectris plc (U.K.), Agilent Technologies, Inc. (U.S.), Chemtrols Industries Pvt. Ltd. (India), and Vasthi Instruments (India).

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Scope of the Report:
Air Quality Monitoring Market Assessment-by Product Type
• Indoor Air Quality Monitors
• Outdoor Air Quality Monitors
Air Quality Monitoring Market Assessment-by Sampling Method
• Active Monitoring
• Passive Monitoring
• Intermittent Monitoring
• Other Sampling Methods (Stack Monitoring)
Air Quality Monitoring Market Assessment-by End User
• Residential
• Government & Public Utilities
• Commercial End Users
o Transportation & Logistics
o Education
o Healthcare
o Shopping Malls & Retail Stores
o Hospitality
o Airports
o Other Commercial End Users (Construction Sites)
• Industrial End Users
o Automotive
o Pharmaceutical
o Oil & Gas
o Chemicals
o Food & Beverage
o Metal & Mining
o Textile
o Agriculture
o Other Industrial End Users (Petrochemical & Energy)
Air Quality Monitoring Market Assessment-by Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Singapore
o Rest of Asia-Pacific
• Latin America
• Middle East & Africa

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This release was published on openPR.