Air Quality Monitoring Market Expected to Reach $8.0 Billion by 2030

According to a new report published by Allied Market Research, titled, “Air Quality Monitoring Market by Product Type, Pollutant, and End User: global opportunity analysis and industry forecast, 2021–2030,”

The Global Air Quality Monitoring Market size was valued at $4.1billion in 2020, and is projected to reach $8.0 billion by 2030, registering a CAGR of 6.7% from 2021 to 2030.

 Air quality monitoring device measures the amount of unwanted particles in air and harmful gases and contaminants in a given space to evaluate the purity of the air. Air quality can have an impact on the health and well-being of individuals. Sensor-based equipment are commonly used in air quality monitoring that are often employed in industrial applications to test typical airborne contaminants, with parts per billion (ppb) level detection.

Rise in level of air pollution, favorable government legislation for effective air pollution monitoring & management, and focus toward the development of environmental-friendly sectors are driving the air quality monitoring market growth. Moreover, increase in public–private investment for reducing air pollution and rise in public awareness of environmental and health consequences of air pollution contribute toward the market growth. For instance, in April 2021, the United Nations Environment Programme (UNEP) joined with the Republic of Korea's Capital Metropolitan Area to help them increase their efforts to combat air pollution in the region.

Similarly, in September 2019, 3M Company partnered with Clean Air Asia to provide air quality solution based on science for India and the Philippines. Over the next five years, 3M will help Clean Air Asia baseline air quality conditions, design air quality management capacity-building programs, implement Clean Air Action Plans with particular cities and district governments, and monitor the impact on air pollution levels.

However, during the lockdown due to the outbreak of the COVID-19 pandemic, various manufacturers in the market had to stop their business in the countries such as China, the U.S., and India. This break directly impacted sales of air quality monitoring companies. In addition, lack of manpower and raw materials constricted supply of equipment of air quality monitoring devices, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of air quality monitoring companies.

Competition Analysis

The key companies profiled in the air quality monitoring market report include Emerson Electric Co., General Electric Company, Siemens AG, Testo AG, 3M Company, Horiba, Ltd., Merck KGaA, Teledyne Technologies Inc., Servomex Group Ltd., and Thermo Fisher Scientific, Inc.

Key Findings Of The Study

• The report provides an extensive analysis of the current and emerging air quality monitoring market trends and dynamics. 
• Depending on product type, the indoor air quality monitors segment dominated the air quality monitoring market share, in terms of revenue in 2020, and the outdoor air quality monitors segment is projected to grow at a significant CAGR during the forecast period.
• By pollutant type, the chemical segment registered highest revenue in 2020.
• By end user, the government & academics segment registered highest revenue in 2020.
• Asia-Pacific is projected to register highest growth rate in the coming years.
• The key players within the air quality monitoring market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the air quality monitoring industry.
• The report provides an extensive analysis of the current trends and emerging opportunities of the air quality monitoring industry. 
• In-depth market analysis is conducted by constructing estimations for the key segments between 2021 and 2030.