The Global Air Quality Monitoring Systems Market is projected to reach USD 6.57 billion by 2027 from USD 4.58 billion in 2020, at a CAGR of 4.9 %. Rising levels of pollutants in the atmosphere as well as stringent government norms and regulations for monitoring pollution are likely to drive product demand. Moreover, in recent years, there has been a significant rise in the number of casualties as a result of respiratory diseases resulting from environmental pollution. This will subsequently propel product demand.
Air pollution is a major threat to environmental balance. It has a significant influence on the atmosphere, resulting in acid rain, a rise in toxicity levels, and global warming, among others. Increasing demand for work environment safety is leading to rising adoption of air quality monitoring systems in industries such as manufacturing, automotive, and oil and gas. Mishaps such as Bhopal gas leak disaster and Aliso Canyon disaster have resulted in raising awareness regarding monitoring the presence of pollutants in the atmosphere. Besides this, increasing government initiatives for environment conservation, such as the provision of funds for the installation of air quality monitoring systems and smart city initiatives are expected to boost market growth over the forecast period. For instance, in 2018, the Government of the U.K. provided Eastleigh Borough Council with funds worth USD 3.5 million for the installation of air quality monitoring systems across Eastleigh.
Recent years have seen a large number of 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 for the protection of the environment. These partnerships are aimed at developing sensor networks and intelligent systems for monitoring the quality of air and water. Under the Clean Air Act, the Metropolitan Washington Council of Governments in partnership with Maryland Department of Transportation, Baltimore Metropolitan Council, and WGL Holdings, Inc. founded the Clean Air Partners. Clean Air Partners has deployed monitoring systems across the Baltimore-Washington region and provides current and forecasted air quality data of the area.
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There has been a significant rise in atmospheric pollution in megacities around the world, such as Shanghai, Sao Paulo, Onitsha, Zabol, Aba, Riyadh, Delhi, Dhaka, and Kolkata. Vehicles are a major contributor to pollution as they emit toxic elements such as particulate matter, carbon monoxides, and sulphur 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 is aiming to install 300 real-time air quality monitoring systems across the country by 2024 as a part of the National Clean Air Programme (NCAP) initiated in 2017. Additional government initiatives for developing smart cities consist of digitalization of a city’s infrastructure, including transportation systems and wireless sensors, which are also expected to drive product demand.
Thermo Fisher Scientific (US), Emerson Electric (US), General Electric (US), Siemens AG (Germany), Teledyne Technologies (US), PerkinElmer, Inc. (US), Agilent Technologies, Inc. (US), Spectris plc (UK), 3M Company (US), Honeywell International Inc (US), HORIBA, Ltd. (Japan), Merck KGaA (Germany), TSI Incorporated (US), Tisch Environmental (US), Testo (Germany), Aeroqual (New Zealand), Forbes Marshall (India), Plume Labs (France), Atmotube (US), Oizom (India), Ecotech Group (France), Vaisala Oyj (Finland), TZOA (Canada), TE Connectivity (Switzerland), and E.S.I. Environmental Sensors Inc. (Canada), among others.
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The air quality monitoring systems market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and Rest of the World. The Asia Pacific region is one of the major revenue-generating regions in the market. This market is also expected to show high growth in the coming years, mainly due to large-scale industrialization in emerging APAC countries, increasing stringency of air pollution regulations, and continuous government support for the development and commercialization of advanced AQM products in this region.
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