Strategic Insights Into The Air Quality Monitoring System Market: A Comprehensive Review
Air Quality Monitoring System Industry Overview
The global air quality monitoring system market size was valued at USD 5.13 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. Rising levels of pollutants in the atmosphere and stringent government norms and regulations for monitoring pollution are likely to drive product demand. Moreover, in recent years, casualties have risen significantly due to respiratory diseases resulting from environmental pollution. This is expected to propel product demand subsequently.
Gather more insights about the market drivers, restrains and growth of the Air Quality Monitoring System Market
Air pollution is a major threat to environmental balance. It significantly influences the atmosphere, resulting in acid rain, a rise in toxicity levels, and global warming. Increasing demand for work environment safety is leading to the rising adoption of air quality monitoring systems in manufacturing, automotive, and oil and gas industries. Mishaps such as the Bhopal gas leak disaster and the Aliso Canyon disaster have raised awareness regarding monitoring the presence of pollutants in the atmosphere.
The increasing government initiatives for environmental conservation, such as providing funds for installing air quality monitoring systems and smart city initiatives, are expected to boost market growth over the forecast period. For instance, in November 2022, the U.S. Environmental Protection Agency (EPA) disclosed its allocation of $53.4 million from President Biden's Inflation Reduction Act and American Rescue Plan to support 132 air monitoring initiatives across 37 states. This funding aims to elevate the quality of air quality monitoring in various communities throughout the U.S.
Recent years have seen many tie-ups between government agencies and private organizations. Large companies such as Honeywell International Inc. and Intel Corporation are collaborating with government agencies around the globe to protect the environment. These partnerships aim to develop sensor networks and intelligent systems for monitoring air and water quality. Under the Clean Air Act, the Metropolitan Washington Council of Governments founded the Clean Air Partners in partnership with the Maryland Department of Transportation, Baltimore Metropolitan Council, and WGL Holdings, Inc. Clean Air Partners has deployed monitoring systems across the Baltimore-Washington region and provides current and forecasted air quality data for the area.
There has been a significant rise in atmospheric pollution in megacities worldwide, such as Shanghai, Sao Paulo, Onitsha, Zabol, Aba, Riyadh, Delhi, Dhaka, and Kolkata. Vehicles are a major contributor to pollution, emitting toxic elements such as particulate matter, carbon monoxide, and sulfur dioxide. Particulates are highly carcinogenic as they possess the ability to penetrate deep into the lungs and bloodstream, which could result in permanent DNA mutations and even heart attacks.
As a result, governments have taken initiatives to limit the release of pollutants in the atmosphere. For instance, the Government of India aims to install 300 real-time air quality monitoring systems nationwide by 2024 as a part of the National Clean Air Programme (NCAP) initiated in 2017. Additional government initiatives for developing smart cities include digitalizing a city's infrastructure, including transportation systems and wireless sensors, which are also expected to drive product demand.
The market is witnessing trends such as a rise in the availability of low-cost sensor networks, the development of wireless communication, crowdsourcing, and growing public awareness about environment conservation. For instance, in January 2023, the Ministry of Electronics and Information Technology (MeitY) introduced a groundbreaking technology to revolutionize air quality monitoring. This innovative solution is designed to provide more accurate and real-time data on air quality levels, contributing to better environmental management and public health.
Although air quality monitoring systems are increasingly being adopted, high purchasing costs and costs associated with maintaining these systems are expected to restrain market growth to a certain extent. The price of an air quality monitoring system ranges between USD 100 and USD 250. Furthermore, these systems have a filter that must be replaced regularly. A single air filter costs approximately USD 25, which may only be affordable for some users.
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Air Quality Monitoring System Market Segmentation
Grand View Research has segmented the global air quality monitoring system market based on product type, pollutant, component, end-use, and region:
Air Quality Monitoring System Product Type Outlook (Revenue, USD Million, 2017 - 2030)
• Indoor Air Quality Monitoring Systems
o Fixed Indoor Systems
o Portable Indoor Systems
• Outdoor Air Quality Monitoring Systems
o Fixed Outdoor Systems
o Portable Outdoor Systems
Air Quality Monitoring System Pollutant Outlook (Revenue, USD Million, 2017 - 2030)
• Chemical
o Nitrogen Oxides
o Sulphur Oxides
o Carbon Oxides
o Volatile Organic Compounds
o Others
• Physical
Air Quality Monitoring System Component Outlook (Revenue, USD Million, 2017 - 2030)
• Hardware
o Sensors
o Processors
o Output devices
• Software
• Services
Air Quality Monitoring System End-use Outlook (Revenue, USD Million, 2017 - 2030)
• Residential
• Commercial
• Industrial
o Oil & Gas
o Manufacturing
o Food & Beverages
o Pharmaceuticals
o Healthcare
o Others
Air Quality Monitoring System Region Outlook (Revenue, USD Million, 2017 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
• Asia Pacific
o Japan
o China
o India
o Australia
o South Korea
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o South Africa
o Saudi Arabia
o UAE
Order a free sample PDF of the Air Quality Monitoring System Market Intelligence Study, published by Grand View Research.
Key Companies profiled:
• 3M
• General Electric
• HORIBA Scientific
• Aeroqual
• Emerson Electric Co.
• Seimens
• Merck KGaA
• Teledyne Technologies Incorporated.
• Testo SE & Co. KGaA
• Thermo Fisher Scientific Inc.
Recent Developments
• In August 2023, Wayne County intended to initiate a three-year comprehensive program, with a budget of $2.7 million, aimed at installing 100 air-quality monitors. These monitors were planned to be strategically positioned on streetlights and other posts across all 43 communities within the county. The primary objective of this initiative was to monitor and assess the levels of various air pollutants, including nitrogen dioxide, ozone, black carbon, and other particulate matter.
• In April 2022, Oizom introduced its latest advancement: AQBot, an industrial-grade air quality monitoring device focused on a single parameter. This compact and lightweight device has various features, catering to industries and consultants seeking precise monitoring of specific target pollutants. AQBot was unveiled in a webinar that drew an audience of around 250 participants from over 30 countries.
• In February 2022, Honeywell unveiled its latest innovation, the Indoor Air Quality (IAQ) monitor. This cutting-edge device enhances indoor air quality by notifying building owners and operators about potential concerns. This monitor can reduce the chances of spreading airborne contaminants by taking a proactive approach. This compact device features a touchscreen interface for the Make in India initiative. It is engineered to measure crucial IAQ indicators such as temperature, relative humidity, and indoor air pollutants. Furthermore, it offers an IAQ index determined by the gathered data.
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