Summary

The Air Quality Monitoring Market size is estimated at USD 5.08 billion in 2024, and is expected to reach USD 6.73 billion by 2029, growing at a CAGR of 5.79% during the forecast period (2024-2029).

The market had definitely faced the consequences of the COVID-19 pandemic, as the lockdowns resulted in less air pollution, particularly in the transport and industrial sector. For example, the Central Pollution Control Board (CPCB), India, published a report on "the Impact of JANTA CURFEW and lockdown on air quality, which revealed that the lockdown resulted in significant improvement in the air quality of the country. Thus, the demand for air quality measurement equipment got reduced in various sectors. The market is likely to get accelerated in the near future due to growing concerns about air quality and the expansion of industrialization in many countries. However, the penetration of cleaner sources of energy like renewables and nuclear energy is expected to hinder the market growth due to the steadily decreasing requirement for the product.

Outdoor air quality equipment is expected to be the fastest-growing segment during the forecast period due to government policies on air quality standards in open spaces.

The technological advancements in air quality monitoring systems create enormous opportunities for the techno-development of devices and their applications. For instance, the recent IoT-based equipment, which are more interactive in their functioning and use new technologies for communicating and delivering data, are in vogue these days. They are termed as the Next Generation Air Quality Monitoring Systems, which are becoming the subject of research for many R&D professionals in the area.

The Asia-Pacific region is expected to dominate the market in the coming years due to the growing rate of urbanization and the industrial activities in developing countries.

Air Quality Monitoring Market Trends

The Outdoor Monitor Segment is Expected to be the Fastest-growing Segment

• Outdoor air quality monitoring systems are installed to track the air pollution caused by the transport sector, industrial sector, construction activities, and all other external sources of pollution. The air outside the confined spaces is believed to have more harmful pollutants than indoor air due to the presence of the points above sources.
• According to the US Environmental Protection Agency, 2022, the seasonally-weighted annual average of PM 2.5 air quality accounted for 7.81, which was low compared to 8.54 in 2021.
• The US government successfully reduced the nation's average PM 2.5 concentration levels by 41% in the last decade to 8.02 micrograms per cubic meter. The targets were achieved by regulatory policies for air quality standards in various sectors, ultimately leading to the high deployment of air quality monitoring systems even at grassroots levels.
• In October 2022, the European Commission issued a legislative proposal to update and combine the EU Ambient Air Quality Directives. As part of the amendment, it was planned to set interim EU-wide air quality criteria by 2030 to reach zero pollution by 2050. With these types of proposals, the use of air quality devices is expected to increase, which, in turn, will create demand for the air quality monitoring market.
• Additionally, in February 2023, the Bahraini government and the public utilities and environmental affairs committee chairman decided to include measuring pollution in malls, stores, residential compounds, and even residences.
• Such kinds of developments are expected to give a boost to the outdoor monitor segment of the market during the forecast period.

Asia-Pacific is Expected to Dominate the Market

• Air pollution is at alarming levels in Asian countries, which is highly detrimental to the health of the inhabitants. The incumbent situation is mainly due to growing industrialization in developing countries, which has led to increased chemical pollutants in the nations, some of which are fatal too.
• According to the Air Quality and pollution city ranking, as of May 2023, out of the top 40 most polluted cities in the world, 20 are from Asia-Pacific. Apart from that, high levels of air pollution are recorded in China, Japan, and India. The countries in the region are leaving no stone unturned to cope with the prevailing state. Many industries and many local colonies or areas in the region have installed air quality monitoring systems in recent years.
• In January 2023, according to the Ministry of Electronics & IT, the Secretary of Electronics and Information Technology of India inaugurated the technology for Air Quality Monitoring System (AI-AQMS v1.0), developed through MeitY-supported projects. With the development of new technology, the efficiency of air quality monitoring is expected to increase, thus creating demand for air quality monitoring systems in the country.
• The Vietnamese government's National Plan for Air Quality Management (2021-2025) includes emission controls from sources like industries, transport, agriculture, and construction activities, by installing continuous automatic emissions monitoring equipment.
• The Asia-Pacific region will likely dominate the market during the forecast period due to such developments.

Air Quality Monitoring Industry Overview

The air quality monitoring market is fragmented. Some of the major players (in no particular order) include Siemens AG, Thermo Fisher Scientific Inc., Horiba Ltd, Emerson Electric Co., and Hawa Dawa GmbH.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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Table of Contents

1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Supportive Government Policies to Regulate Air Pollution
4.5.1.2 Expansion of Industrialization Across the World
4.5.2 Restraints
4.5.2.1 The Penetration of Cleaner Energy Sources Like Renewables and Nuclear Power
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Indoor Monitor
5.1.2 Outdoor Monitor
5.2 Sampling Method
5.2.1 Continuous
5.2.2 Manual
5.2.3 Intermittent
5.3 End User
5.3.1 Residential and Commercial
5.3.2 Power Generation
5.3.3 Petrochemicals
5.3.4 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of the North America
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Spain
5.4.2.3 Germany
5.4.2.4 Italy
5.4.2.5 Rest of the Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 Vietnam
5.4.3.4 India
5.4.3.5 Rest of the Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of the South America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 South Africa
5.4.5.3 Saudi Arabia
5.4.5.4 Iraq
5.4.5.5 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Siemens AG
6.3.2 Thermo Fisher Scientific Inc.
6.3.3 Horiba Ltd
6.3.4 Emerson Electric Co.
6.3.5 3M Co.
6.3.6 Hawa Dawa GmbH
6.3.7 Honeywell International Inc.
6.3.8 Teledyne Technologies Inc.
6.3.9 TSI Inc.
6.3.10 Merck KGaA
6.3.11 Agilent Technologies Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Technological Advancements in Air Quality Monitoring Systems