Press release
Air Quality Monitoring System Market Expected to Achieve 10.4% CAGR by 2029: Growth Forecast Insights
Air Quality Monitoring System
How Large Will the Air Quality Monitoring System Market Size By 2025?
In recent years, the market size of the air quality monitoring system has witnessed strong growth. It is predicted to rise from $6.54 billion in 2024 to $7.09 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.4%. The remarkable growth during the historical period is due to heightened concern about air pollution and environmental health, strict governmental rules and environmental standards, increased awareness about indoor air quality (iaq) problems, a surge in respiratory disorders and allergies, as well as the growth of industrial activities and urbanization.
How Big Is the Air Quality Monitoring System Market Size Expected to Grow by 2029?
Anticipated to experience swift expansion in the coming years, the market size for the air quality monitoring system is predicted to surge up to $10.54 billion by 2029, corresponding to a compound annual growth rate (CAGR) of 10.4%. The augmentation throughout the forecast period could be due to an increase in public consciousness and the need for immediate air quality data, assimilation with IoT and smart building infrastructures, growing health worries in business premises, and government-led endeavors for boosting and tracking air quality. The market's growth in emerging economies is also a contributing factor. Key trends to watch out for include advancements in sensor and monitoring tech, synchronization with mobile phones and applications, monitoring of volatile organic compounds (VOC), immediate data reporting and alert system, and integration with HVAC and building automation frameworks.
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Which Key Market Drivers Powering Air Quality Monitoring System Market Expansion and Growth?
The ascending levels of air pollution are projected to catalyze the expansion of the air quality monitoring system market in the approaching years. Air pollution is described as the emission of pollutants into the air which can take the form of carbon dioxide, methane gases, or other chemical-containing gases. The escalation in air pollution spurs the growth of air quality monitoring systems since these systems evaluate the levels of pollution. As an illustration, a report by the World Health Organization estimates an annual death toll of 7 million globally due to air pollution. Additionally, the 2021 State of the Air report by the American Lung Association states that 135 million people (or four out of ten Americans) live in counties with detrimental levels of air pollution. Consequently, the surging levels of air pollution stimulates the expansion of the air quality monitoring system market.
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Which Fast-Growing Trends Are Poised to Disrupt the Air Quality Monitoring System Market?
In the air quality monitoring system market, advancements in technology are becoming increasingly popular. The majority of large companies in this industry are concentrated on creating tech-based solutions to satisfy consumer needs. For instance, RRH62000, a multi-sensor air quality module, was launched by Renesas Electronics Corporation, a semiconductor solutions firm based in Japan, in August 2024. This module, which packs a compact design, blends multiple sensor parameters, facilitating precise detection of different particle sizes, harmful gases, and volatile organic compounds. A Renesas microcontroller (MCU) equips this module, offering a smart sensor management solution specifically designed for the burgeoning air monitoring applications market, which includes air purifiers, smoke detectors, HVAC systems, weather stations, and smart home systems. Furthermore, it features robust firmware to ensure compliance with various global air quality norms in customer products.
What Are the Emerging Segments in the Air Quality Monitoring System Market?
The air quality monitoring system market covered in this report is segmented -
1) By Product Type: Indoor, Outdoor
2) By Component: Hardware, Software
3) By Pollutant: Chemical, Physical
4) By End User: Industrial, Commercial, Residential
Subsegments:
1) By Indoor Air Quality Monitoring Systems: Fixed Indoor Air Quality Monitors, Portable Indoor Air Quality Monitors, Smart Indoor Air Quality Monitors, Integrated HVAC Air Quality Monitors
2) By Outdoor Air Quality Monitoring Systems: Fixed Outdoor Air Quality Monitors, Mobile Outdoor Air Quality Monitors, Remote Sensing Outdoor Air Quality Monitors, Air Quality Monitoring Stations
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Who Are the Global Leaders in the Air Quality Monitoring System Market?
Major companies operating in the air quality monitoring system market include Thermo Fisher Scientific Inc., Emerson Electric Co., General Electric Company, Siemens Aktiengesellschaft, Teledyne Technologies Incorporated, PerkinElmer Inc., Agilent Technologies Inc., TE Connectivity Ltd., 3M Company, Honeywell International Inc., Horiba Ltd., Merck KGaA, TSI Incorporated, Tisch Environmental Inc., Testo SE & Co. KGaA, Plume Labs SAS, Aeroqual Limited, Forbes Marshall Private Limited, Hawa Dawa GmbH, Kaiterra Inc., AirVisual Limited, IQAir North America Inc., BreezoMeter Ltd., AirNow Technologies Inc., PurpleAir LLC., Sensirion AG, Alphasense Limited, GDS Technologies Ltd., Ecotech Pty Ltd.
Which are the Top Profitable Regional Markets for the Air Quality Monitoring System Industry?
North America was the largest region in the air quality monitoring system market in 2024. The regions covered in the air quality monitoring system market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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