Enjoy complimentary customisation on priority with our Enterprise License!
The Air Quality Monitor Market is estimated to increase by USD 1,998.11 million, at a CAGR of 6.99% between 2022 and 2027. The growth of the market depends on several factors, the growing need to monitor indoor air quality (IAQ) in residential and commercial sectors, the deployment of air quality monitoring systems in the industrial sector, and government policies for air quality regulations.
It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, Request Free Sample
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The growing need to monitor IAQ in residential and commercial sectors is the key factor driving the growth of the global market. Due to the deteriorating environmental quality, adverse health effects such as the prevalence of severe diseases and raised mortality from stroke, heart disease, chronic obstructive pulmonary disease, lung cancer, and acute respiratory infections have risen. Consequently, according to the 2021 WHO report, air pollution is responsible for the deaths of an estimated seven million people worldwide every year. Also, people living in low- and middle-income countries such as India, South Africa, and others have the highest exposure to air pollution. Owing to increasing vehicle ownership, industrialization, and the limited effect of policies for air pollution, the levels of air pollutants such as nitrogen dioxide are rising in many cities across developing countries.
Furthermore, to reduce these health risks, several global standards for sustainable buildings have been developed, such as LEED and WELL. The LEED (Leadership in Energy and Environmental Design) building standard was established by the USGreen Building Council (USGBC) as a standardized way of evaluating the environmental impact of a building. In addition to other requirements, LEED-certified buildings must meet certain levels of sustainability, energy efficiency. Apart from these developments, residential and commercial buildings have always required the installation of monitoring systems, which will boost the growth of the market significantly during the forecast period.
Increased adoption of green buildings is the key trend driving the growth of the global market. The major factor that helps to determine the health, comfort, and productivity of the occupants of a building is the quality of air. Countries across the world use their own sets of regulations to characterize and monitor local air pollution. The rising adoption of green building technologies such as monitoring, ventilation management, humidity control, and indoor dust and gas level management is expected to boost the growth of the global monitoring market.
Moreover, green buildings are specifically built by focusing on the architectural design of ventilation and efficient use of water, energy-efficient homes, and commercial buildings. The rising interest in Leadership in LEED-guaranteed buildings likewise drives the adoption of green design in residential and commercial buildings. As a result, the increased adoption of green buildings is one of the emerging trends that will drive the growth of the global market during the forecast period.
The high cost of deployment of devices is the major challenge for the growth of the global market. The high cost of deployment, especially of advanced monitoring sensors, poses a challenge for industrial, commercial, and residential buildings. Industrial facilities, commercial buildings, and residential buildings need to monitor IAQ as per their requirement. Indoor air monitors are installed inside buildings, manufacturing plants, or healthcare facilities since indoor (IAQ) plays a crucial role in the health and satisfaction of every occupant. Continuous air monitoring stations can cost USD 250,000 each, and a network around a facility should have a minimum of three stations.
Moreover, due to the absence of real-time monitoring stations in cities, there is a shift toward low-cost monitor systems in many developing countries, leaving a substantial gap in the availability of data on air pollution. For example, in 2020, across 15 locations in Mumbai Metropolitan Region (MMR), a Maharashtra pollution control body announced that India's first low-cost air monitoring study would be conducted. Hence, due to the high cost of these systems, developing countries face financial constraints that will impede market growth during the forecast period.
The indoor segment will account for a major share of the market's growth during the forecast period.? Devices designed to measure and evaluate the quality in indoor environments like homes, offices, schools, hospitals, and other commercial or residential buildings are known as indoor air quality monitors. These play an important role in ensuring a healthy and comfortable indoor environment for occupants. These are equipped with sensors and detectors that measure various parameters. These monitors can detect elevated levels of pollutants and provide indications of poor ventilation, the presence of volatile chemicals, high CO2 levels, or excessive humidity.
Get a Customised Report as per your requirements for FREE!
The indoor segment was valued at USD 2,499.33 million in 2017 and continued to grow until 2021.? Due to increased awareness of the negative health effects of poor IAQ and growing attention to energy efficiency and sustainable construction practices, there has been an increase in the demand for market. Governments, businesses, and people all recognize how crucial it is to preserve safe indoor environments. Hence, the rising focus on managing IAQ is expected to boost the growth of the market in the indoor segment during the forecast period.
Based on end-users, the market has been segmented into government, commercial and residential, energy and pharmaceuticals, and others. The government?segment will account for the largest share of this segment.? Various countries have been launching action plans to monitor the quality standards to augment and evolve effective and efficient ambient air quality monitoring networks to ensure a comprehensive and reliable database.
For instance, the National Air Quality Monitoring Program (NAMP), run by the Central Pollution Control Board, is a national program for monitoring the quality of air we breathe in India. NAMP comprehends how the environment is naturally cleansed through pollution dilution, dispersion, wind-based movement, dry deposition, and precipitation. Hence, the continuous efforts and action plans by the government to monitor this significantly drive the growth of the market in the government segment during the forecast period.
For more insights on various regions' market share, View PDF Sample now!
North America is estimated to contribute 33% to the growth by 2027. Technavio’s analysts have elaborately explained the regional market trends, drivers, and challenges that are expected to shape the market during the forecast period. The US Environmental Protection Agency (EPA) works as a partner with state, local, and indigenous American agencies to identify areas across the US that do not meet the national ambient quality standards (NAAQS), also known as non-attainment areas, and develop plans to reduce air pollution and attain the NAAQS. Thus, these systems will be deployed as a result of the employment of these systems in this region. More than millions of acres of land were destroyed by enormous wildfires in 2020 in the Western US. Visibility was severely impaired, and ambient PM2.5 levels were quite high due to the substantial wildfire activity and smoke.
Moreover, the significant wildfire activity and smoke led to poor visibility and very high concentrations of ambient PM2.5. Prolific wildfires in the Northwest and California also led to increased particulate matter pollution in the fall, and Hence, such events drive the adoption of these systems for wildfire activities. In addition to the US, the Canadian government has been implementing new steps to improve the quality and fight climate change. The Canadian government is also committed to defending its citizens from wildfire smoke.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3M Co.: The company offers EVM 7, EVM 4, and EVM 3.
ACOEM Group: The company offers which is made up of sensors and analyzers that collects air samples to measure specific concentration of particles and gases at a point in time, or continuously.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market players, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Indoor Air Quality (IAQ) Solution Market- The Indoor Air Quality (IAQ) Solution Market size is estimated to grow at a CAGR of 7.32% between 2022 and 2027.
The market report forecasts market growth by revenue at global, regional & country levels and provides market trends and analysis and growth opportunities from 2017 to 2027.
The Market is influenced by government regulations, such as the National Air Quality Monitoring Programme (NAMP), which aims to assess the situation at various working stations. Regulatory bodies like the Environmental Protection Agency (EPA) set National Ambient Air Quality Standards (NAAQS), monitoring criteria pollutants like carbon monoxide (CO), nitrogen oxides (NO2 and NO3), ozone (O3), particulate matter (PM), sulfur dioxide (SO2), and volatile organic compounds (VOC).
This market includes the ambient air monitoring program and technologies like AQM sensors, focusing on pollution policies to mitigate environmental hazards. It addresses health concerns linked to poor quality, such as asthma, diabetes, and cardiovascular diseases, as highlighted by the World Health Organization (WHO) and International Diabetic Federation. The market caters to the need for weather quality monitoring systems to track pollution levels and provides solutions for chronic diseases exacerbated by environmental hazards.
Air Quality Monitor Market Scope |
|
Report Coverage |
Details |
Page number |
181 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.99% |
Market growth 2023-2027 |
USD 1,998.11 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.91 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 33% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., ACOEM Group, Agilent Technologies Inc., Airthinx Inc., Atmotech Inc., Emerson Electric Co., HORIBA Ltd., IQAir AG, Merck KGaA, Perkin Elmer Inc., Siemens AG, Testo SE and Co. KGaA, Thermo Fisher Scientific Inc., Tisch Environmental Inc., TSI Inc., Vaisala Oyj, Aeroqual Ltd., HANGZHOU ZETIAN TECHNOLOGY CO. LTD., General Electric Co., and Honeywell International Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market growth analysis of the market forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.