Air Quality Monitor Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2023-2027

Air Quality Monitor Market Forecast 2023-2027

The Air Quality Monitor Market is estimated to increase by USD 1.20 billion, at a CAGR of 6.99% between 2022 and 2027. The market is witnessing substantial growth driven by the increasing imperative to monitor indoor and outdoor air quality across residential, commercial, and industrial sectors. With a growing awareness of the health impacts associated with poor air quality, there's a surge in the deployment of advanced air quality monitoring systems. Government regulations mandating air quality standards further accentuate the market growth, creating opportunities for innovative solutions to address the pressing need for cleaner air in both urban and industrial environments. This market analysis and report also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Air Quality Monitor Market During the Forecast Period?

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The market is witnessing significant growth, driven by various factors. With increasing concerns about air pollution and its adverse effects on health, there's a growing demand for effective monitoring solutions. Particulate matter, carbon monoxide, and sulfur dioxide are among the key pollutants being monitored, highlighting the importance of accurate detection. Advancements in wireless communication technology and the emergence of crowdsourcing platforms are facilitating real-time data collection and analysis, enhancing air quality monitoring efforts worldwide. Additionally, the deployment of smart poles, streetlight solutions, and smart homes equipped with air quality monitors is further contributing to market growth by providing comprehensive monitoring solutions for both fixed and portable systems.

Market Dynamics

The market addresses environmental concerns related to traffic systems and their impact on the atmosphere, casualties, and respiratory diseases. It combats issues like acid rain, toxicity levels, and global warming through environmental conservation initiatives. These systems, integrated into smart city initiatives, track atmospheric pollution caused by vehicles, particulate matter, carbon monoxide, sulfur dioxide, and nitrogen oxides. Utilizing wireless communication and crowdsourcing, these monitors aid in assessing air quality, mitigating risks of cardiovascular morbidity. Innovations include smart poles and streetlight solutions, along with portable and fixed systems deployed in pharmaceuticals, smart homes, and various urban settings. 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.     

Key Market Driver

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.

Significant Market Trends

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.

Major Market Challenge

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.

Market Segmentation

In the product segment of the market, advanced air quality monitoring systems are essential tools for safeguarding public health and environmental conservation. These systems help in tracking and analyzing various pollutants in the atmosphere, including nitrogen oxides (NOX) and sulfur oxides (SOX), which contribute to environmental pollution and respiratory diseases. By providing real-time data on toxicity levels and atmospheric pollution, air quality monitors enable proactive measures to mitigate the impact of environmental factors such as acid rain and global warming. They play a crucial role in supporting smart city initiatives and promoting awareness about the importance of maintaining clean air for overall well-being and reducing casualties related to poor air quality. Additionally, air quality monitors facilitate the development of effective strategies for improving air quality and implementing measures to reduce emissions from sources such as vehicles through the use of air filters and other interventions.

By Product

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.

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The indoor segment was valued at USD 2.50 billion 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.

Regional Analysis

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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.

Who are the Major Market Companies?

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:

• 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.
• Honeywell International Inc.

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.  

Market Analyst Overview

The market addresses critical concerns surrounding environmental pollution and its adverse effects on public health. With the rise in atmospheric pollution and the alarming increase in respiratory diseases and casualties, there's a growing urgency to combat environmental pollution. Factors such as acid rain, toxicity levels, and global warming underscore the need for stringent environmental conservation measures. Initiatives like smart city initiatives integrate wireless communication and crowdsourcing to monitor and mitigate atmosphere contamination. Monitoring systems detect harmful emissions from vehicles, including carbon monoxide and sulfur dioxide, as well as pollutants like nitrogen oxides (NOX) and sulfur oxides (SOX). The market offers various solutions, including the air filter, smart poles, and streetlight solutions, catering to both fixed systems and portable systems for monitoring air quality in smart homes and urban environments. As awareness grows regarding the link between air quality and public health, the demand for air quality monitors continues to escalate globally.

The market witnesses a surge in demand, driven by increasing air monitoring initiatives and the deployment of intelligent systems to combat environmental challenges. Regulatory frameworks like the Clean Air Act and collaborative efforts such as Clean Air Partners underscore the urgency to address harmful pollutants like carbon oxides (COX) and volatile organic compounds (VOCs). Monitoring systems detect emissions from sources like factories, mitigating the risk of cardiovascular morbidity and respiratory disorders among vulnerable populations, including older adults and children. With advancements in hardware and software, air quality monitoring devices integrate seamlessly into smart city infrastructure, providing real-time data to government agencies and smart city authorities. However, concerns arise regarding potential cyberattacks on Internet of Things (IoT) devices, especially in industries like oil and gas, food and beverages, and pharmaceuticals, emphasizing the need for robust security measures to safeguard against environmental hazards.

Segment Overview

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. 

• Deployment Outlook 
  • Indoor
  • Outdoor
  • Wearable

• Application Outlook 
  • Government
  • Commercial and residential
  • Energy and pharmaceuticals
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile 
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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 1.20 billion
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.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on market growth and forecasting, factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about market growth and trends and changes in consumer behavior
• market research and growth across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the growth of market vendors

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